The office market in SW Florida continues to march back to health. After several years of difficult conditions, the general office market in SW Florida is improving, at least from an investor’s point of view: higher rental rates, lower vacancy, and less concessions. For a complete third quarter 2014 report please click here.
The Southwest Florida office market continues its upward climb back to health after the Great Recession. The 3rd Quarter CoStar market report includes the following highlights:
SW Florida’s Vacancy Decreases to 12.5% (all classes of buildings)
Very limited expansion of office inventory (although 280,742 S.F. of new construction, 250k is the new Hertz corporate headquarters).
Collier County rental rates tick higher
For a complete report, click here
