2019-07-10_DTZ戴德梁行_Office_Q3_2018_Fort_Myers_Naples_3页_666kb
报告摘要
Fort Myers / Naples Office Market Q3 2018 Summary
Core Content Overview
This report provides an analysis of the Fort Myers / Naples office market for Q3 2018, including economic indicators, market performance, submarket data, and key transactions. The data is sourced by Cushman & Wakefield, a leading global real estate services firm.
Economic Indicators
- Southwest Florida Employment: Increased slightly from 320,000 in Q3 2017 to 323,000 in Q3 2018.
- Southwest Florida Unemployment: Declined from 4.1% to 3.7% year-over-year.
- U.S. Unemployment: Also decreased from 4.4% to 3.9%.
- Financial Activities Sector Growth: Showed the highest annual growth in Southwest Florida, with +3.8% over 12 months, particularly in Lee County where it increased by +6.8%.
Market Overview
- Overall Vacancy Rate: Declined from 6.4% in Q3 2017 to 5.6% in Q3 2018, a -80 bps drop.
- Average Asking Rent: Slightly decreased to $15.09 psf/year.
- Net Absorption:
- YTD Net Absorption: 3,000 sf, a decline compared to Q3 2017.
- Q3 2018 Net Absorption: 127,215 sf.
- Under Construction: Increased to 157,000 sf, with the largest project being a build-to-suit expansion for Gartner in Lee County.
- Leasing Activity: Improved in the last two quarters, indicating a positive pipeline for the remainder of the year and early 2019. However, the number of deals signed dropped from over 100 in Q1 to 71 in Q3.
Submarket Performance
| Submarket | Inventory (sf) | Sublet Vacant (sf) | Direct Vacant (sf) | Vacancy Rate | Q3 Net Absorption (sf) | YTD Net Absorption (sf) | Under Construction (sf) | Avg Asking Rent (All Classes) | Avg Asking Rent (Class A) |
|---|---|---|---|---|---|---|---|---|---|
| Bonita Springs | 1,369,819 | 586 | 113,992 | 8.4% | 8,088 | 16,840 | 0 | $12.92 | $13.87 |
| Cape Coral | 1,798,836 | 0 | 46,638 | 2.6% | 16,053 | 30,614 | 0 | $12.50 | $9.98 |
| City of Fort Myers | 3,911,788 | 2,150 | 281,001 | 7.2% | 39,873 | -37,794 | 0 | $11.76 | $13.81 |
| Estero | 662,264 | 0 | 6,080 | 0.9% | 40,208 | 39,968 | 0 | $15.41 | N/A |
| Lehigh Acres | 221,442 | 0 | 9,449 | 4.3% | 2,238 | 3,695 | 0 | $9.70 | N/A |
| North Fort Myers | 229,679 | 0 | 0 | 0 | 0 | 3,040 | 0 | $12.00 | N/A |
| South Fort Myers/San Carlos | 5,628,117 | 17,979 | 294,371 | 5.5% | 17,982 | -3,772 | 143,000 | $13.65 | $15.25 |
| The Islands | 164,961 | 0 | 0 | 0 | 0 | 0 | 0 | N/A | N/A |
| Lee County Subtotal | 13,986,906 | 20,715 | 751,531 | 5.5% | 124,442 | 52,591 | 143,000 | $13.02 | $14.30 |
| East Naples | 1,088,610 | 0 | 28,627 | 2.6% | 2,481 | 6,602 | 0 | $13.08 | N/A |
| Golden Gate | 87,060 | 0 | 0 | 0 | 0 | 3,000 | 0 | $18.95 | N/A |
| Lely | 38,785 | 3,720 | 0 | 9.6% | 0 | 1,250 | 0 | $15.52 | N/A |
| Marco Island | 208,261 | 0 | 14,838 | 7.1% | 3,260 | -1,950 | 0 | $17.14 | N/A |
| Naples | 913,826 | 0 | 23,095 | 2.5% | 2,454 | -6,260 | 0 | $18.18 | $22.25 |
| North Naples | 3,752,944 | 12,414 | 250,083 | 7.0% | -3,472 | -46,413 | 10,000 | $22.52 | $25.36 |
| Outlying Collier County | 303,613 | 0 | 33,586 | 11.1% | -1,950 | -5,950 | 4,000 | $14.00 | N/A |
| Collier County Subtotal | 6,393,099 | 16,134 | 350,229 | 5.7% | 2,773 | -49,721 | 14,000 | $20.93 | $25.25 |
| Charlotte County Subtotal | 2,532,594 | 0 | 101,076 | 4.0% | -900 | 20,089 | 0 | $13.25 | $15.12 |
| Total Market | 20,380,005 | 36,849 | 1,101,760 | 5.6% | 127,215 | 2,870 | 157,000 | $15.09 | $17.31 |
Key Lease Transactions Q3 2018
| Property | SF | Tenant | Transaction Type | Submarket |
|---|---|---|---|---|
| 27300 Riverview Center Blvd., Bonita Springs | 13,244 | Cole, Scott & Kissane, P.A. | New Lease | Bonita Springs |
| 12751 New Brittany Blvd., Fort Myers | 12,053 | Old Republic Title/The Fund | Renewal | S. Fort Myers/San Carlos |
| 3451 Bonita Bay Blvd., Bonita Springs | 6,584 | Henderson, Franklin, Starnes & Holt, P.A. | New Lease | Bonita Springs |
Key Sales Transactions Q3 2018
| Property | SF | Seller / Buyer | Price / $psf | Submarket |
|---|---|---|---|---|
| 8695 College Pkwy., Fort Myers | 123,000 | Atrium of SW Florida, Inc./8695, LLC | $5,965,000/$49 | S. Fort Myers/San Carlos |
| 12751 S. Cleveland Ave., Fort Myers | 25,370 | Habana Properties, LP/12751 Cleveland Venture LLC | $3,250,000/$128 | S. Fort Myers/San Carlos |
| 12550 New Brittany Blvd., Fort Myers | 11,600 | Winfield Partners III, LLC/Yevsey Lenchner and Irene Dinov | $3,250,000/$280 | S. Fort Myers/San Carlos |
Outlook
- Market Growth: Stabilized in Q3 2018, with slowed demand due to rising occupancies.
- Rental Rates: Expected to increase incrementally in the near term due to tightening vacancies.
- Submarket Focus: Charlotte County is highlighted as a submarket to watch, with Punta Gorda and its surrounding area expected to be the focus for future growth.
- Charlotte County Addition: It is a newly added submarket to the MarketBeat report and will be included in future data.
About Cushman & Wakefield
- A global real estate services firm with 48,000 employees in 400 offices across 70 countries.
- Revenue in 2017: $6.9 billion.
- Services include property, facilities, and project management, leasing, capital markets, and valuation.
Contact Information
- Claire Meyer: Director, Research
- Tel: +1 239 489 3600
- Email: cmeyer@cpswfl.com
- Gary Tasman: CEO/Principal Broker
- Website: www.baiqiu.com.cn
- Email: zbs@zzb.com.cn
Disclaimer
The information in this report is gathered from various sources and may contain errors or omissions. It is presented without any warranty or representations as to its accuracy.
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