Southwest Florida Market Reports

Submitted by Grubb & Ellis, CB Richard Ellis, Cushman & Wakefield, Colliers Arnold, GVA Advantis, Studley Inc. and Metrostudy. They cover office, industrial, and housing markets throughout the state.
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Recession takes toll on SW Florida retail

Monday, May 24th, 2010
By: 

CB Richard Ellis

Following is a special report by CB Richard Ellis on the Southwest Florida retail market in 4Q09.

Lee County

The Lee County retail market continues to experience an increase in vacancy, though currently not nearly as high as vacancy of office and industrial properties.

The median sale price for retail buildings in 2009 was $135 psf, a 35% decline from 2008 ($208 psf). Capitalization rates over the past twelve months have been an average 7%.

Slight improvement in Naples, Fort Myers housing market

Monday, May 24th, 2010
By: 

Metrostudy

WEST PALM BEACH - Metrostudy’s fourth-quarter survey of new-home construction showed a slight improvement in market conditions in Collier and Lee counties, as inventories of new homes fell slightly, and the pace of move-ins once again exceeded the pace of new starts, said Bradley F. Hunter, who directs Metrostudy’s market research operations in Southwest Florida.

Metrostudy, a national housing data and consulting firm, conducts a count of 100% of all new housing units in subdivisions within the market area each quarter.

New-home inventory expands, demand slows in Naples-Fort Myers

Wednesday, January 13th, 2010
By: 

Metrostudy

NAPLES - Metrostudy’s quarterly survey of new-home construction reveals a weak market for builders in Collier and Lee counties as inventories of new homes have been increasing and the pace of move-ins has been declining.

“Finished vacant inventory, which is key to understanding the future direction of construction and pricing of new homes, actually rose from 703 units in the second quarter to 728 in the third quarter of 2009,” said Brad Hunter, who directs Metrostudy’s market research operations in Southwest Florida. “The increase was completely attributable to townhome inventory.”

More declines expected in SW FL markets

Tuesday, December 15th, 2009
By: 

Gary Tasman, Commercial Property Southwest Florida

The economic situation for the Fort Myers/Naples area continues to be plagued by high unemployment and foreclosures. The residential foreclosure rate is slowing, but the commercial default rate is increasing.

Pace of new-home move-ins falls again in Naples-Fort Myers

Friday, September 18th, 2009
By: 

Metrostudy

NAPLES - “Inventory levels of finished vacant units continue to decline in Naples and Fort Myers, which is a positive trend, but the pace of absorption remains slow,” said Bradley F. Hunter, who directs Metrostudy’s market research operations in Southwest Florida.

Metrostudy’s second-quarter survey, a quarterly count of all new housing units in Naples-Fort Myers subdivisions, showed that quarterly move-ins dropped from 432 units in the first quarter of 2009 to 357 in the second quarter of 2009. The annual pace of move-ins declined from 2,294 to 1,786 units.

SWFL housing: Pace of move-ins continues to decline

Friday, May 15th, 2009
By: 

Metrostudy

NAPLES - “Inventory levels of completed and under-construction units continue to decline, but the move-ins pace has been declining faster,” said Bradley F. Hunter, who directs Metrostudy’s market research operations in Southwest Florida.

Metrostudy’s first-quarter survey, a quarterly count of all new housing units in Naples-Fort Myers subdivisions, showed that quarterly move-ins dropped from 534 units in the fourth quarter of 2008 to 432 in the first quarter of 2009. The annual pace of move-ins declined from 2,890 to 2,310 units.

Pace of residential move-ins continues to fall

Thursday, February 5th, 2009
By: 

Metrostudy

WEST PALM BEACH - Metrostudy’s fourth-quarter survey, a quarterly count of all new housing units in Naples-Fort Myers subdivisions, showed the current annual pace of move-ins into new single-family homes to be less than half the pace of a year ago, and less than one-third the peak pace recorded in the third quarter of 2005. Although quarterly move-ins increased slightly, from 473 to 552 units in the fourth quarter, the annual pace of move-ins declined from 3,442 to 2,886 units.

Land prices moderate in SW FL

Friday, September 12th, 2008
By: 

CB Richard Ellis, Fort Myers/Naples office

In the first six months of this year, the commercial land market in Southwest Florida has come down from record growth over the past few years. Since land is the residual of development costs, values have tapered off from reaching a high point during the 2004-2005 real estate boom. The good news is that land values are reaching a more attractive and sensible price point for investors and developers to take notice.

Vacant new-home inventory shrinks in Naples, Fort Myers

Monday, September 1st, 2008
By: 

Metrostudy, Special to Florida Real Estate Journal

NAPLES - The persistent bad news emanating from the financial markets, the uncertainty regarding the strength of the economy and the impact of higher energy prices on consumer budgets cast further doubt on the timing and strength of a recovery in sales of new and existing homes, according to Mike Inselmann, president of Metrostudy.