LEASING STATISTICS

Data in this report based on retail buildings meeting these minimum requirements: Excludes all owner occupied and government assets. Sales statistics include all properties regardless of size. Marco Island Not Included.

MARKET COVERAGE

Year: 2014 2015 2016 2017 2018Median Price PSF $95 $82 $141 $145 $105

# of Sales 56 49 62 62 54

AVG. ASKING BASE RENTNET ABSORPTIONVACANCY

BUILDING SALES

CONDO SALES

SWFL ECONOMIC OVERVIEW

Unemployment in the tri-county region, roseslightly at year end from 3.1% in November of2018 to 3.5% in December. Lee County rose0.3 percentage points (pp) to 3.3%, CollierCounty rose 0.4 pp to 3.4%, and CharlotteCounty rose 0.4 pp to 4.0% over the sametime period.

Taxable sales fell slightly across the region—down 1 percent in December to end at $2.328billion.

Year-End passenger traffic data fromSouthwest Florida International (RSW) Airportshowed a year-over year 10.0% increase inDecember 2018. Sarasota Bradenton Airportalso posted a 39% increase during the sameperiod, and Charlotte County’s Punta GordaAirport saw a 2% increase year-over year.

79,772SF Delivered YTD

3,500SF Under Construction

NEW & UNDER CONSTRUCTION

Year-End 2018

Year: 2014 2015 2016 2017 2018Median Price PSF $71 $79 $115 $96 $93

# of Sales 13 5 4 9 8

Market Statistics

FORT MYERS OFFICE12140 Carissa Commerce Ct, Suite 102Fort Myers, FL 33966239.481.3800 Tel239.481.9950 Fax

NAPLES OFFICE1100 5th Avenue S, Suite 100Naples, FL 34102239.659.1447 Tel239.659.4028 Fax

STUART OFFICE368 NW Alice AveStuart, FL 34994772.403.5204 Tel239.481.9950 Fax

© 2018, CRE Consultants. Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm itsaccuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market. This information is designed exclusively for use by CRE Consultants clients, and cannot bereproducedwithout prior written permission of CRE Consultants.

C R E c o n s u l t a n t s . c o m

Property Address City SF Built Date Tenant

Retail Freestanding 26279 Jones Loop RdPunta Gorda

19,084 2018 9/1/18 Aldi's

Community Center 19400 Cochran BlvdPort

Charlotte10,000 1992 5/8/18 Sketchers Outlet

Retail Restaurant 2746 Tamiami TrlPort

Charlotte9,382 1981 10/31/18 Confidential/Withheld

Community Center 18700 Veterans BlvdPort

Charlotte7,500 1999 1/15/18 Confidential/Withheld

Retail Freestanding 3315 Tamiami TrlPunta Gorda

6,400 n/a 3/6/18 Confidential/Withheld

Description Address City RSF Built Date Price Price PSF

NNN Investment Publix-Anchored Neighborhood

Center24001-24123 Peachland Blvd

Port Charlotte

95,162 2013 12/13/18 $18,714,000 $196.65

NNN Investment Neighborhood Center

1101-3117 Tamiami Trl Punta Gorda

68,871 2003 03/21/18 $6,658,213 $96.68

NNN Investment Wal-Mart-Anchored

Neighborhood Center2931 S McCall Rd Englewood 194,746 1992 08/31/18 $5,286,259 $27.14

NNN Investment WaWa Convenience Store

2525 Tamiami TrlPort

Charlotte6,119 2018 05/23/18 $4,851,695 $792.89

NNN Investment Neighborhood Center

1931 Tamiami TrlPort

Charlotte31,800 1987 07/25/18 $3,600,000 $113.21

Submarket # Bldgs Tracked Building SF Vacant SF Vacancy RateAverage Asking Base

Rent PSF

Punta Gorda 217 2,111,442 50,834 2.4% $12.54

Port Charlotte 482 6,466,902 214,347 3.3% $15.20

All Other Areas 460 4,585,810 360,385 7.9% $12.06

TOTAL 1,159 13,164,154 625,566 4.9% $14.18

Notable Retail Sales Transactions (Past 365 Days)

Notable Retail Lease Transactions (Past 365 Days) (Renewals not included)