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Fort Myers/Naples MarketBeat Reports

8/11/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

Learn more about our local markets and property types by clicking our most recent Ft. Myers-Naples MarketBeat reports below.

 

The COVID-19 pandemic struck the U.S. in March 2020, late in the quarter but with enough time to have a significant impact on first quarter market fundamentals. In the second quarter of 2020, the U.S. economy felt its effects more fully, as government-mandated shutdowns along with shelter-in-place ordinances pushed the country deeper into recession.

Current Marketbeats

Office MarketBeat Report
Q2 2020 Fort Myers/Naples Office Report

The Fort Myers office market was historically tight in Q2 2020, with an average vacancy rate of 5.0%, just over half of the long-term average and within striking distance of the lowest mark on record. This could offset the downward pressure from the ongoing crisis.

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Industrial MarketBeat Report
Q2 2020 Fort Myers/Naples Industrial Report

Overall absorption numbers ended the quarter on a positive note with 18,981 square feet (sf) being absorbed. There a few factors hampering industrial demand in Fort Myers, such as its relative lack of intermodal transportation and distance from other large metros. 

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Retail MarketBeat Report
Q4 2019 Fort Myers/Naples Retail Report

Overall market rents softened over the past 12 months except in retail strip centers in Fort Myers. Rents increased by nearly 6.9% year-over-year to $16.82 per square foot on average by year-end. Vacancy remained historically low despite national retail closures.

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Featured Insights: Current U.S. MarketBeats

Q2 2020 U.S. Office MarketBeat Card Image
MarketBeat • Office

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 7/14/2020
Q2 2020 US Industrial MarketBeat Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 7/9/2020
Q2 2020 US Retail MarketBeat Card Image
MarketBeat • Retail

Shopping Center Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Garrick Brown • 7/14/2020

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