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)
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
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 |
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 |
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 |
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.