2019-07-10_DTZ戴德梁行_Office_Q1_2019_Fort_Myers_Naples_3页_615kb
报告摘要
Fort Myers / Naples Office Market Q1 2019 Summary
Core Content
The document provides a detailed analysis of the office market in the Fort Myers / Naples region for Q1 2019, including economic indicators, market performance, and key transactions. It is published by Cushman & Wakefield, a leading real estate services firm, and includes data for various submarkets and market classes.
Economic Indicators
- Southwest Florida Unemployment Rate:
- Q1 2018: 3.5%
- Q1 2019: 3.3%
- Trend: Decreased by 20 basis points (bps) year-over-year.
- Southwest Florida Employment:
- Q1 2018: 274,000
- Q1 2019: 283,000
- Trend: Increased by 9,000 jobs year-over-year.
- U.S. Unemployment Rate:
- Q1 2018: 4.1%
- Q1 2019: 3.8%
- Trend: Decreased by 30 bps year-over-year.
Market Overview
- Overall Vacancy Rate:
- Q1 2019: 6.1%
- Trend: Increased by 30 bps from Q1 2018.
- Overall Net Absorption (sf):
- Q1 2019: -119,080
- Trend: Negative absorption, with most of the space being put back on the market.
- Under Construction (sf):
- Q1 2019: 626,626
- Trend: Significant increase from Q1 2018 (157,000).
- Average Asking Rent (all classes):
- Q1 2019: $14.79 psf
- Trend: Decreased year-over-year and quarter-over-quarter.
- Class A Asking Rent:
- Q1 2019: $18.44 psf
- Trend: Decreased year-over-year.
Key Submarket Data
| Submarket | Inventory (SF) | Sublet Vacant (SF) | Direct Vacant (SF) | Overall Vacancy Rate | Q1 Net Absorption (SF) | YTD Net Absorption (SF) | Under Construction (SF) | Avg. Asking Rent (All Classes) | Avg. Asking Rent (Class A) |
|---|---|---|---|---|---|---|---|---|---|
| Bonita Springs | 1,221,264 | 360 | 71,765 | 5.9% | -11,651 | -11,651 | 0 | $14.37 | $19.00 |
| Cape Coral | 1,791,313 | 2,700 | 63,146 | 3.7% | -16,755 | -16,755 | 5,800 | $11.86 | $12.49 |
| City of Fort Myers | 3,993,285 | 19,425 | 401,138 | 10.5% | -38,697 | -38,697 | 50,366 | $11.91 | $17.56 |
| S. Fort Myers/San Carlos | 5,646,537 | 11,600 | 265,479 | 4.9% | -27,320 | -27,320 | 151,800 | $13.68 | $15.33 |
| Naples | 891,496 | 0 | 26,830 | 3.0% | -396 | -396 | 0 | $22.65 | $31.58 |
| North Naples | 3,584,697 | 11,977 | 275,664 | 8.0% | -16,912 | -16,912 | 313,800 | $22.62 | $23.19 |
| Collier County Subtotal | 6,257,762 | 11,977 | 397,682 | 6.5% | -27,593 | -27,593 | 418,660 | $21.63 | $23.99 |
| Lee County Subtotal | 13,900,163 | 34,085 | 824,760 | 6.2% | -87,096 | -87,096 | 207,966 | $12.97 | $15.96 |
| Charlotte County Subtotal | 2,645,604 | 0 | 116,618 | 4.4% | -4,391 | -4,391 | 0 | $13.44 | $13.42 |
| Total Market | 22,803,529 | 46,062 | 1,339,060 | 6.1% | -119,080 | -119,080 | 626,626 | $14.79 | $18.44 |
Key Lease Transactions Q1 2019
| Property | SF | Tenant | Transaction Type | Submarket |
|---|---|---|---|---|
| 4415 Metro Parkway, Fort Myers | 19,550 | The News Press | New Lease | City of Fort Myers |
| 1525 Hendry St., Fort Myers | 14,584 | FieldEdge | New Lease | City of Fort Myers |
| 1100 5th Ave. S., Naples | 8,400 | Adaptive Computing Enterprises, Inc. | New Lease | Naples |
Key Sales Transactions Q1 2019
| Property | SF | Seller / Buyer | Price / $PSF | Submarket |
|---|---|---|---|---|
| 13099 S. Cleveland Ave., Fort Myers | 46,378 | Hague, Inc./Star Mobile Home Sales, LP | $9,562,500/$206 | S. Fort Myers/San Carlos |
| 18245 Paulson Dr., Port Charlotte | 13,182 | Porter Family Investments, LLC/Progressive Equity Group, LLC | $1,335,000/$101 | Charlotte County |
| 7680 Cambridge Manor Pl., Fort Myers | 10,000 | The Cambridge Building, LLC/WSP Holdings of SW Inc. | $699,000/$70 | S. Fort Myers/San Carlos |
Market Outlook
- Vacancy Rate: Expected to slightly decrease due to limited new speculative construction.
- Rent Growth: Marginal changes in rent growth are anticipated.
- Occupancy and Leasing Activity: Likely to rise as the market continues to evolve.
Summary by Class
| Class | Inventory (SF) | Sublet Vacant (SF) | Direct Vacant (SF) | Overall Vacancy Rate | Q1 Net Absorption (SF) | YTD Net Absorption (SF) | Under Construction (SF) | Avg. Asking Rent (All Classes) | Avg. Asking Rent (Class A) |
|---|---|---|---|---|---|---|---|---|---|
| Class A | 3,203,630 | 15,000 | 349,298 | 11.4% | -8,385 | -8,385 | 443,000 | $18.44 | $18.34 |
| Class B | 13,227,336 | 26,212 | 693,331 | 5.3% | -86,764 | -86,764 | 183,626 | $14.24 | $14.24 |
| Class C | 6,372,563 | 4,850 | 296,431 | 4.7% | -23,931 | -23,931 | 0 | $11.81 | $11.81 |
Conclusion
The Fort Myers / Naples office market in Q1 2019 showed a marginal increase in vacancy and continued negative net absorption. The market is dominated by Class B assets, with Class A experiencing a higher vacancy rate. Despite the negative absorption, there was a slight decrease in overall vacancy compared to the same period in 2018. Key lease transactions occurred in the City of Fort Myers and Naples, while limited speculative construction is expected to influence future market trends.
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