Naples, Florida – Commercial Real Estate Market Summary
Before you start worrying or gloating that you are paying either too much or too little in the way of rent, be aware that these statistics are for all types of properties regardless of quality or location…the good, the bad, and the ugly! The fact of the matter is that rental rates and prices here in Southwest Florida are definitely on the rise while rent concessions are rapidly fading away, especially for the better quality properties. For tenants, this means that if you are considering making a move or expanding, then the call for action is now. For buyers, on the investment side, this means that you must be increasingly fast and nimble because there’s a lot of competition out there for yield and those trying to negotiate that last 3 or 4% discount should be prepared to get out-bid. Whether you are a buyer or seller, tenant or landlord, let us go to work for you to take advantage of these substantive changes in market conditions.
Sources: LoopNet and CoStar
Dougall McCorkle, MBA
Sales Associate and Commercial Specialist
Premier Commercial, Inc., Licensed Real Estate Brokers
Direct: 239.213.7234
Cell: 239.860.3368
dougall@premiermail.net