Fort Myers Office Rent Price & Sales Report

2022 Office Space Rent & Sales

  • $21.00 2022 Avg. Asking Rent
  • 10.01% 2022 Office Vacancy Rate
  • $50.7M2022 Total Office Sales
  • $204.52Avg. Sale Price/SF

Fort Myers office price per square foot in 2022 was $21.00 on average. The local office market recorded an average vacancy rate of 10.01% across all asset classes combined. The 5 transactions that closed here throughout 2022 amounted to a total sale volume of $50.7M. Fort Myers office space commanded an average sale price per square foot of $204.52.

Average Rent by Office Class

2022 Average Office Rent per Square Foot

  • Fort Myers Class A & A+ Office Space$28.80
  • Fort Myers Class B Office Space$23.67
  • Fort Myers Class C Office Space$16.14
  • Florida Class A & A+ Office Space$35.94
  • Florida Class B Office Space$26.81
  • Florida Class C Office Space$19.09

Fort Myers, FL Office Asking Rents by Class

Average office rent in Fort Myers rested at $21.00 per square foot in 2022. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Fort Myers averaged $28.80 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.67 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $16.14 per square foot, on average. Comparably, statewide Florida average office rents by class in 2022 were: $35.94 per square foot for class A office space; $26.81 per square foot for class B office space; $19.09 per square foot for class C office space.

2022 Office Vacancy Rates in Fort Myers

Submarket Asking Rents Vacancy Rates
East Fort Myers $29.02 7.83%
West Fort Myers $21.15 10.84%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Fort Myers market was 10.01% in 2022. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Fort Myers was 7.83% in the East Fort Myers submarket, while the highest office vacancy in the market was 10.84%, recorded in West Fort Myers.

Office Spaces for Rent in Florida

Fort Myers Office Sale Price per SF

  • $204.522022 Avg. Price per SF
  • 35.23%Y-o-Y Avg. PpSF Change
  • $50.7M2022 Office Sales Volume
  • 52022 Number of Transactions

Fort Myers, FL Sale Price per SF Trend

  • Fort Myers Avg. Sale Price per SF in 2022$204.52
  • Florida Avg. Sale Price per SF in 2022$234.16
Fort Myers office space cost in 2022 marked a +35.23% change compared to the previous year. The sale price for office space in Fort Myers averaged $204.52 per square foot in 2022, across all market subdivisions and asset classes. Conversely, the statewide Florida average office sale price during the same time period was $234.16 per square foot.

2022 Office Sales Volume

  • Fort Myers, FL Total Office Sales Volume in 2022 $50.7M
  • Fort Myers, FL Total Number of Office Sales Closed in 2022 5
A total of 5 deals closed on the Fort Myers office market in 2022, adding up to a yearly sales volume of $50.7M. Notably, the largest transaction on the market saw Lee Health Convenient Care - Metro Parkway change hands for $22,000,000 on 5/20/2022.

Largest Fort Myers Office Sales in 2022

Property name Address Date Price
Lee Health Convenient Care - Metro Parkway 13340 Metro Pkwy 5/20/2022 $22,000,000
5220 Summerlin Commons Blvd 5220 Summerlin Commons Blvd 6/23/2022 $10,250,000
Southwest Professional Plaza 2675 Winkler Avenue 2/9/2022 $8,900,000
Metro Park Business Plaza 4100 Center Pointe Drive 6/22/2022 $5,500,000
Metro Park - Metro Center I 2891 Center Pointe Drive 6/22/2022 $4,000,000
Data provided by Commercial Edge

Coworking Spaces in Florida

2022 Office Construction in Fort Myers, FL

  • Fort Myers, FL Total SF completed in 2022 106,851
  • Fort Myers, FL Total SF under construction in 2023 97,600

During 2022, 106,851 square feet of new office space were delivered across the market. At the close of 2022, the Fort Myers office inventory included 2 buildings equal to or larger than 25,000 square feet, which comprised 106,851 square feet of office space. Looking forward, development activity throughout 2023 is estimated to add 97,600 square feet of office space to the market, before year-end.

Largest Office Properties Recently Completed in Fort Myers
Office building Address SF Completed
Freestanding Commercial Building 9705 Commerce Center Court, 33908 6,000 2013
Gulf Coast Medical Park 13778 Plantation Road, 33912 28,507 2010
Six Mile Corporate Park 12140 Carissa Commerce Ct, 33966 46,000 2009
8000 Summerlin Lakes Dr 8000 Summerlin Lakes Dr, 33907 15,058 2007
8000 Summerlin Lakes Dr. 8000 Summerlin Lakes Dr, 33907 15,058 2007
Move-In Ready Class A Office 14241 Metro Pkwy, 33912 8,000 2007
Headquarters Office Facility 4371 Veronica S Shoemaker Blvd, 33916 57,084 2006
Orion Center - 6630 Orion Drive 6630 Orion Drive, 33912 52,491 2006
8880 Gladiolus Dr 8880 Gladiolus Dr, 33908 21,712 2006
8900 Gladiolus Dr., Suite 202 8900 Gladiolus Dr, Suite 202, 33908 7,052 2006

Worth noting among recent office completions on the Fort Myers market is Freestanding Commercial Building, which is currently the largest new office development in the city, at 6,000 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Fort Myers commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.