2019-07-10_DTZ戴德梁行_Office_Q2_2019_Fort_Myers_Naples_3页_476kb

报告摘要

Fort Myers / Naples Office Market Q2 2019 Summary

Core Content Overview

This document provides a detailed analysis of the Fort Myers / Naples office market for Q2 2019, focusing on economic indicators, market performance, key lease and sales transactions, and future outlook. The report is published by Cushman & Wakefield, a leading global real estate services firm, and highlights the trends and dynamics within the Southwest Florida commercial real estate sector.

Economic Indicators

Southwest Florida Unemployment Rate: Dropped to 3.0% in Q2 2019, a 60 basis points decrease from Q2 2018.
- Lee County (largest office market): 3.0%
- Collier County: 2.8%
- Charlotte County: 3.5%
Professional & Business Services: Added 3,000 jobs over the year, showing strong growth.
Financial Activities: Added 100 jobs over the past 12 months.
Government and Information Sectors: Experienced declines of -0.6% and -4.3%, respectively.

Market Performance

Overall Vacancy Rate: Decreased to 6.0% in Q2 2019, a marginal -10 bps drop from Q1 2019.
YTD Net Absorption: Negative at -2,590 square feet, indicating a slight decline in total absorption.
Under Construction: 336,135 square feet, up from 157,000 in Q2 2018.
Average Asking Rent:
- Overall: $14.76 per square foot (psf)
- Class A: $17.89 psf, the lowest in three years due to decreased occupancy in this class.
Class A Vacancy Rate: Rose to 15.1%, the highest in three years, driven by low tenant demand.
Class B Vacancy Rate: 4.4%, with significant direct vacant space (568,771 sf) and moderate net absorption (105,979 sf).
Class C Vacancy Rate: 4.7%, with a smaller volume of direct vacant space (285,583 sf) and a slight net absorption of -10,094 sf.

Key Lease Transactions Q2 2019

12140 Carissa Commerce Ct., Fort Myers, FL: 10,420 sf leased to Priority Marketing (New Lease)
15701 S. Tamiami Trl., Fort Myers, FL: 10,000 sf renewed by Law Office of Kevin F. Jursinski & Associates
2075 W. First St., Fort Myers, FL: 5,815 sf leased to an Undisclosed tenant (New Lease)

Key Sales Transactions Q2 2019

5117-5137 Castello Dr. & 5100-5200 Tamiami Trl. N., Naples, FL: 102,075 sf sold for $33,000,000, or $323 psf.
3001 & 3003 Tamiami Trl. N., Naples, FL: 60,550 sf sold for $12,850,000, or $212 psf.
3060,3066,3078 Tamiami Trl. N., Naples, FL: 39,924 sf sold for $7,025,000, or $176 psf.

Market Outlook

Vacancy Rates: Expected to remain stable with limited speculative construction.
Rent Growth: Marginal changes anticipated due to increased tenant improvement costs, labor shortages, and construction price pressures.
Speculative Construction: Remained muted for the second consecutive quarter.
Build-to-Suit Projects: The pipeline remained predominantly unchanged from Q1 2019.
Notable Development: The expansion for Arthrex (orthopedic medical device company) was ongoing in Naples.

Submarket Performance

Submarket	Inventory (SF)	Sublet Vacant (SF)	Direct Vacant (SF)	Overall Vacancy Rate	Q2 Net Absorption (SF)	YTD Net Absorption (SF)	Under Construction (SF)	Avg. Asking Rent (All Classes)	Avg. Asking Rent (Class A)
Bonita Springs	1,216,424	280	68,005	5.6%	5,821	-907	0	$13.86	$14.22
Cape Coral	1,782,014	0	59,128	3.3%	2,587	-10,271	5,800	$11.60	$12.49
City of Fort Myers	3,927,213	17,150	336,792	9.0%	130,185	97,989	0	$11.08	$14.22
S. Fort Myers/San Carlos	5,624,280	7,200	305,998	5.6%	-30,958	-49,312	8,800	$13.74	$15.72
Lee County Subtotal	13,783,810	24,630	789,155	5.9%	107,635	45,109	14,600	$12.61	$15.02
East Naples	1,063,324	0	24,993	2.4%	11,581	4,126	0	$14.96	N/A
Naples	892,404	0	14,831	1.7%	11,999	11,603	0	$23.12	$35.37
North Naples	3,583,975	9,128	344,203	9.9%	-22,272	-79,074	313,800	$22.42	$23.34
Outlying Collier County	339,517	0	28,286	8.3%	4,000	-2,650	0	$14.13	N/A
Collier County Subtotal	6,190,232	9,128	429,260	7.1%	3,199	-64,384	313,800	$21.67	$24.17
Charlotte County Subtotal	2,585,060	0	98,739	3.8%	18,721	16,685	7,735	$13.09	$13.42
Total	22,559,102	33,758	1,317,154	6.0%	129,555	-2,590	336,135	$14.76	$17.89

Key Observations

Class A Office Market: Experiencing the highest vacancy rate (15.1%) and lower rent growth due to decreased tenant demand.
Class B and C: Showing more stable vacancy rates and positive net absorption, especially in North Naples and Estero.
Leasing Activity: Slowed in Q2 2019, but renewals increased slightly.
Construction Activity: Muted speculative construction, with most projects under construction in Lee County.
Notable Projects: The Florida Cancer Specialists & Research Institute building in Fort Myers was completed by developer Optimal Outcomes and general contractor Precise Construction.

Contact Information

For more information, contact:

Gary Tasman: CEO/Principal Broker, Tel: +1 239 489 3600, Email: gtasman@cpswfl.com
Claire Searls: Director, Research, cpswfl.com

About Cushman & Wakefield

A leading global real estate services firm with 51,000 employees in 400 offices across 70 countries.
Revenue in 2018 was $8.2 billion, covering core services like property management, leasing, and capital markets.
The firm is known for delivering exceptional value to real estate occupants and owners.

展开完整摘要