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Fort Myers/Naples MarketBeat Reports

10/16/2020
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.

 

Upon the arrival of COVID-19 in the U.S., the economy entered a recession in March 2020, recording the worst decline in post-war history in Q2 2020. Mounting evidence indicates that the recovery began in May or June with Q3 2020 data likely reflecting that. But, until there is a public health resolution to the pandemic, the recovery is likely to remain uncertain and gradual. Only then can households and businesses become more confident.

Current Marketbeats

Office MarketBeat Report
Q3 2020 Fort Myers/Naples Office Report

The Southwest Florida (Fort Myers) vacancy rate increased to 5.9% at the close of the third quarter of 2020, a 90 basis points increase from the second quarter 2020. Overall vacant space for the MSA increased by 219,256 square feet since the close of the second quarter 2020.

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Industrial MarketBeat Report
Q3 2020 Fort Myers/Naples Industrial Report

The overall vacancy rate in Fort Myers at the close of the third quarter was down 100 basis points year-over-year (YOY) at 3.4%, showing improvement in third quarter.  

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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

Q3 U.S. Office MarketBeat Report Card Image
MarketBeat • Office

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 10/14/2020
Q3 U.S. MarketBeat Industrial Report Web Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 10/8/2020
Q3 U.S. Retail MarketBeat Report 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 • 10/14/2020

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