Search Commercial Properties in Naples and Southwest Florida

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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