Fort Myers Office Market Trends

Office Rental Market

  • $17.95 2019 Avg. Asking Rent
  • 7.68 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 150,000 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Fort Myers was $17.95 per square foot, and the office vacancy rate across the market averaged 7.68 %. During 2019, developers added 0 square feet of new office space to the Fort Myers market inventory. Office developments estimated for delivery during 2020 total 150,000 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Fort Myers Class A Office Buildings$22.20
  • Fort Myers Class B Office Buildings$18.03
  • Fort Myers Class C Office Buildings$13.31
  • FL Class A Office Buildings$37.07
  • FL Class B Office Buildings$23.53
  • FL Class C Office Buildings$18.02

Fort Myers, FL Office Asking Rents by Class

Office asking rents vary across the Fort Myers office market depending on several factors, one of which is property class. While rents for Class A office buildings in Fort Myers averaged $22.20 per square foot in 2019, Class B office properties garnered average rental rates of $18.03 per square foot. Rental rates for Class C office property in Fort Myers averaged $13.31 per square foot. On a statewide level, Class B office space rents averaged $23.53 per square foot, while rents for Class A office space across Florida averaged $37.07 per square foot. On average, Class C office properties in Florida commanded rents of $18.02 per square foot.

OFFICE CONSTRUCTION IN Fort Myers, FL

  • Fort Myers, FL Total Sqft completed in 2019 0
  • Fort Myers, FL Total Sqft under construction in 2020 150,000
10 Largest Office Buildings in Fort Myers
Building name Address Total Sqft Year built
University Park 12800 University Drive, 33907 285,188 1990
12830 University Drive 12830 University Drive, 33907 285,188 1990
University Park I 12800 University Drive, 33907 285,188 1990
1342 Colonial Blvd 1342 Colonial Blvd, 33907 268,256 1987
Chico’s World Headquarters Campus - Buildings 2-8 11215 Metro Pkwy, 33966 203,624 1999
Lee Memorial Hospital - Medical Office Center 2780 Cleveland Avenue, 33901 197,636 1967
Chico’s World Headquarters Campus - Building 1 11215 Metro Pkwy, 33966 148,086 1994
Chico’s World Headquarters Campus - National Store Support Center 11100 Plantation Road, 33966 146,555 2013
The SunTrust Building 12751 New Brittany Blvd, 33907 108,465 1997
8695 College Pkwy 8695 College Pkwy, 33919 100,000 2020
Largest Office Properties Recently Completed in Fort Myers
Office building Address Sqft Completed
8695 College Pkwy 8695 College Pkwy, 33919 100,000 2020
Florida Cancer Specialist Administration Building 2890 Center Pointe Drive, 33916 50,366 2017
Lee Health Convenient Care - Metro Parkway 13340 Metro Pkwy, 33966 41,620 2017
8260 Galdiolus Drive 8260 Gladiolus Drive, 33908 31,478 2016
Chico’s World Headquarters Campus - National Store Support Center 11100 Plantation Road, 33966 146,555 2013
Gulf Coast Medical Park 13770 Plantation Road, 33912 54,000 2010
2270 Colonial Blvd 2270 Colonial Blvd, 33907 48,873 2010
The Lee Health Outpatient Center & Outpatient Surgery Center at the Sanctuary 8960 Colonial Center Drive, 33905 82,226 2009
Brantley Commons Office Park 12400 Brantley Commons Court, 33907 70,421 2009
Six Mile Corporate Park 12140 Carissa Commerce Court, 33966 44,441 2009
Data provided by Commercial Edge

Office Spaces for Rent in Florida

FORT MYERS OFFICE SALES TRENDS

  • $185.052019 Avg. Price per Sqft
  • 62.30 %Y-o-Y Avg. PpSF Change
  • $105.8M2019 Office Sales Volume
  • 72019 Number of Transactions

In 2019, office sales in Fort Myers averaged $185.05 per square foot. This marked a 62.30 % increase in office price per square foot, compared to the previous year. A total of 7 office sales closed on the Fort Myers office market in 2019, amounting to a total sales volume of $105.8M.

Average Office Sale Price per Sqft

Fort Myers, FL Sales Trends

  • Fort Myers Price per Sqft$185.05
  • Florida Price per Sqft$190.50

Office Sales - Trend and Volume

  • Fort Myers, FL Total Office Sales Volume in 2019 $105.8M
  • Fort Myers, FL Total Number of Office Sales Closed in 2019 7

Largest Fort Myers Office Sales in 2019

Property name Address Date Price
Skyplex - Gartner Campus South 13200 Paul J Doherty Pkwy 11/22/2019 $57,557,000
2247-2287 1st Street, 1400 Jackson Street & 1415 Hendry Street 2247 1st Street 6/24/2019 $15,000,000
Bank of America Building 13099 South Cleveland Avenue 1/23/2019 $9,562,500
Alico Business Center 9961 Interstate Commerce Drive 11/18/2019 $9,000,000
Metropolitan Medical Complex 13650 Metropolis Avenue 9/19/2019 $6,900,000
Data provided by Commercial Edge

See trends for nearby markets

The Fort Myers office market contains an inventory of 6,640,811 square feet of office space, in 320 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.