LEASING STATISTICS
Data in this report based on retail buildings meeting these minimum requirements: Excludes all owner occupied and government assets. Sales statistics include all properties regardless of size. Marco Island Not Included.
MARKET COVERAGE
Year: 2014 2015 2016 2017 2018Median Price PSF $95 $82 $141 $145 $105
# of Sales 56 49 62 62 54
AVG. ASKING BASE RENTNET ABSORPTIONVACANCY
BUILDING SALES
CONDO SALES
SWFL ECONOMIC OVERVIEW
Unemployment in the tri-county region, roseslightly at year end from 3.1% in November of2018 to 3.5% in December. Lee County rose0.3 percentage points (pp) to 3.3%, CollierCounty rose 0.4 pp to 3.4%, and CharlotteCounty rose 0.4 pp to 4.0% over the sametime period.
Taxable sales fell slightly across the region—down 1 percent in December to end at $2.328billion.
Year-End passenger traffic data fromSouthwest Florida International (RSW) Airportshowed a year-over year 10.0% increase inDecember 2018. Sarasota Bradenton Airportalso posted a 39% increase during the sameperiod, and Charlotte County’s Punta GordaAirport saw a 2% increase year-over year.
79,772SF Delivered YTD
3,500SF Under Construction
NEW & UNDER CONSTRUCTION
Year-End 2018
Year: 2014 2015 2016 2017 2018Median Price PSF $71 $79 $115 $96 $93
# of Sales 13 5 4 9 8
Market Statistics
FORT MYERS OFFICE12140 Carissa Commerce Ct, Suite 102Fort Myers, FL 33966239.481.3800 Tel239.481.9950 Fax
NAPLES OFFICE1100 5th Avenue S, Suite 100Naples, FL 34102239.659.1447 Tel239.659.4028 Fax
STUART OFFICE368 NW Alice AveStuart, FL 34994772.403.5204 Tel239.481.9950 Fax
© 2018, CRE Consultants. Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm itsaccuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market. This information is designed exclusively for use by CRE Consultants clients, and cannot bereproducedwithout prior written permission of CRE Consultants.
C R E c o n s u l t a n t s . c o m
Property Address City SF Built Date Tenant
Retail Freestanding 26279 Jones Loop RdPunta Gorda
19,084 2018 9/1/18 Aldi's
Community Center 19400 Cochran BlvdPort
Charlotte10,000 1992 5/8/18 Sketchers Outlet
Retail Restaurant 2746 Tamiami TrlPort
Charlotte9,382 1981 10/31/18 Confidential/Withheld
Community Center 18700 Veterans BlvdPort
Charlotte7,500 1999 1/15/18 Confidential/Withheld
Retail Freestanding 3315 Tamiami TrlPunta Gorda
6,400 n/a 3/6/18 Confidential/Withheld
Description Address City RSF Built Date Price Price PSF
NNN Investment Publix-Anchored Neighborhood
Center24001-24123 Peachland Blvd
Port Charlotte
95,162 2013 12/13/18 $18,714,000 $196.65
NNN Investment Neighborhood Center
1101-3117 Tamiami Trl Punta Gorda
68,871 2003 03/21/18 $6,658,213 $96.68
NNN Investment Wal-Mart-Anchored
Neighborhood Center2931 S McCall Rd Englewood 194,746 1992 08/31/18 $5,286,259 $27.14
NNN Investment WaWa Convenience Store
2525 Tamiami TrlPort
Charlotte6,119 2018 05/23/18 $4,851,695 $792.89
NNN Investment Neighborhood Center
1931 Tamiami TrlPort
Charlotte31,800 1987 07/25/18 $3,600,000 $113.21
Submarket # Bldgs Tracked Building SF Vacant SF Vacancy RateAverage Asking Base
Rent PSF
Punta Gorda 217 2,111,442 50,834 2.4% $12.54
Port Charlotte 482 6,466,902 214,347 3.3% $15.20
All Other Areas 460 4,585,810 360,385 7.9% $12.06
TOTAL 1,159 13,164,154 625,566 4.9% $14.18
Notable Retail Sales Transactions (Past 365 Days)
Notable Retail Lease Transactions (Past 365 Days) (Renewals not included)