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Search Commercial Properties in Naples and Southwest Florida
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The commercial market in Southwest Florida is thriving, fueled in part by the
tremendous growth that the area is experiencing and that is projected to
continue for quite some time.
There are a variety of property types available to meet the needs of the
investor or end user.
Retail is big business in the Naples and surrounding areas. There are only a
few malls in Southwest Florida, but a large variety of shopping centers can be
found, in all sizes and in with various target markets as customers. Retail
facilities may be several hundred thousand square feet, or as small as a 5,000
square foot strip center on a major highway. Rents may range from $10 per
square foot up to $40 or more in very exclusive shopping area, plus CAM. It is
common to see a mixture of retail and office type users in many of the retail
facilities that front on major roads. In the more exclusive retail facilities,
office users are typically confined to upper floors, if available. Overall
occupancy is typically very high, with excellent demand.
Office buildings are almost as abundant as retail facilities in Southwest
Florida. The market is able to maintain a fairly high occupancy as banks,
professional firms, and other companies expand or move into the area to serve
the continually growing population.
Most of the buildings fall into a class A or B category, with some exceptions.
Rental rates for the office market as a whole generally range from $8 to $30,
plus CAM. In Naples, popular locations for top quality buildings include
Pelican Bay, with half a dozen office buildings, and scattered along U.S. 41,
especially from Mooring Line Drive, 22nd Avenue North up to Vanderbilt Beach
Road. Other office locations include other parts of U.S. 41 from North Naples
up through Ft. Myers, plus some on other major thoroughfares such as
Goodlette/Frank Road and Airport Road.
Approximately half a dozen industrial parks can be found in the area, offering
a variety of vacant, warehouse, showroom, and combination properties. A few of
the parks are older but have undergone a great deal of rebuilding during the
past five years. Property and building sizes vary, depending on the area and
other factors.
Rental rates for industrial properties generally range from $5 to $10 per foot,
with pure warehouse at the bottom of that range and showroom space at the top
of the scale.
With the rapid growth rate in the area, new shopping centers and developments
are constantly under construction, usually with out-parcel sites available for
banks, restaurants, and national brand companies. Site selection is a major
real estate service in Southwest Florida as a constant stream of new companies
move into the area. It is not uncommon to see several national brand-name
restaurants open each month in the area from Naples to Ft. Myers. On occasion,
some out-parcels may be available to investors, with a potential long-term
tenant available.
Vacant land investment continues to be popular. Collier County is one of the
largest counties in the United States. Even though much of it is owned by the
State or National Government, there are still ample investment opportunities.
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For more information, please provide your specific commercial requests. Thank
you.
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