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LEASING STATISTICS
OFF
ICE
Data in this report based on office 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 $89 $50 $135 $85 $89
# of Sales 9 8 7 16 17
Year: 2014 2015 2016 2017 2018Median Price PSF $88 $86 $82 $113 $98
# of Sales 22 24 26 29 28
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 Novemberof 2018 to 3.5% in December. Lee Countyrose 0.3 percentage points (pp) to 3.3%,Collier County rose 0.4 pp to 3.4%, andCharlotte County rose 0.4 pp to 4.0% overthe same time period.
Taxable sales fell slightly across the region—down 1 percent in December to end at$2.328 billion.
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.
Year-End 2018
12,000SF Delivered YTD
17,600SF Under Construction
NEW & UNDER CONSTRUCTION
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
Description Address City SF Built Date Tenant
Class B Office Condo
1962 Cedarwood StPort
Charlotte7,571 2007 11/9/18 Confidential/Withheld
Class B Office 24426 Sand Hill BlvdPunta Gorda
6,491 2005 12/17/18 Rollins Inc.
Class B Office 4130 Tamiami TrlPort
Charlotte6,219 1990 11/15/18 Confidential/Withheld
Class B Office 223 Taylor RdPunta Gorda
5,000 2006 3/1/18 Berson Realty Group
Class B Office Condo
201 W Marion AvePunta Gorda
4,574 2008 2/6/18 BedRock Asset Management
Description Address City RSF Built Date Price Price PSF
Investment Sale Class C Office
1675 W Marion AvePunta Gorda
9,936 1999 6/18/18 $1,800,000 $181.16
Owner Purchase Class C Office
3080 Harbor BlvdPort
Charlotte8,395 1996 2/16/18 $1,425,000 $169.74
Investment Sale Class C Office
200 W Marion AvePunta Gorda
2,814 1968 6/11/18 $895,000 $318.05
Owner Purchase Class B Office Condo
1410 Beach Rd Unit 302
Englewood 3,200 2007 12/19/18 $850,000 $265.63
Investment Sale Class C Office Condo
3300 Tamiami Trl Unit 1
Port Charlotte
4,080 1993 8/7/18 $750,000 $183.82
Submarket # Bldgs Tracked Building SF Vacant SF Vacancy RateAverage Asking Base
Rent PSF
Punta Gorda 169 11,329,271 43,818 0.4% $13.93
Port Charlotte 307 2,189,934 173,203 7.9% $13.71
All Other Areas 262 1,361,785 60,160 4.4% $14.63
TOTAL 738 14,880,990 277,181 5.7% $13.70
Notable Office Sales Transactions (Past 365 Days)
Notable Office Lease Transactions (Past 365 Days) (Renewals not included)