Although most traces of the pandemic have faded, its societal impact still lingers. In 2020, the American workforce that primarily worked from home grew form 6% to 35%, proving that remote work models could indeed be productive, while also providing a glimpse into the future of the changing American office. As managers struggle to trust their employees’ productivity, the office sector is facing a critical chapter of necessary adaptation, evolution, and recalibration.
Our role goes far beyond simply buying, selling, and leasing real estate. We provide our clients with nuanced insights from our experience and knowledge of local market and economic drivers, combined with local and global research and analytic. This empowers them to make smart decisions, whether they’re seeking to buy or sell an investment property, relocate a business, or develop a previously vacant parcel and helping to architect our region’s commercial development landscape.
Our role goes far beyond simply buying, selling, and leasing real estate. We provide our clients with nuanced insights from our experience and knowledge of local market and economic drivers, combined with local and global research and analytic. This empowers them to make smart decisions, whether they’re seeking to buy or sell an investment property, relocate a business, or develop a previously vacant parcel and helping to architect our region’s commercial development landscape.
Record low vacancy rates, combined with a continued population surge in the region, have driven local demand for commercial property to historic levels. In contrast, high interest rates, inflation, and hybrid work conditions have made the commercial property outlook in other parts of the nation much less positive. We are taking the opportunity to reflect on some of the landmark transactions we’ve overseen during the last 12 months and what they mean for Southwest Florida.
Hurricane Ian changed the course of development in Southwest Florida. With more than $5 billion in estimated damages in Lee County alone, our region is focused not just on building but rebuilding. The hurricane will accelerate growth in our region, thanks to infrastructure funding that will bolster our regional emergency preparedness. Where will we see growth in 2023? Continue reading for our five commercial property trends to watch.
Ask the average Southwest Floridian what they dislike most about our region, and you’ll often hear the same answer over and over again: traffic. Fortunately, work-from-home initiatives, new transportation corridors, and employers who have relocated to more commuter-friendly locations have relieved some of the congestion. For those still frustrated by traffic, we have good news: More relief is coming from the Florida Department of Transportation (FDOT). Read more about how population growth will change the transportation infrastructure in our region.
Immediately after a disaster event, like Hurricane Ian, property owners and managers will assess the storm’s impact. While some may choose to leave Southwest Florida for higher ground, those who stay and rebuild could see many benefits for their business in the coming years. Our data predicts that commercial real estate will have a stronger seller’s market than ever. Thinking about investing or selling property in this post-Ian landscape? Don’t make any decisions without reading this article first.
Whenever a disaster like Hurricane Ian occurs, fraudsters seem to come out of the woodwork, offering to repair roofs, remove trees, or expedite government assistance. One of the most common is real estate fraud, which can impact both residential and commercial property owners, often with devastating consequences. Read more about the different kinds of fraud and how to recognize the signs – it will save your business!
Our CPSWFL team is helping First Responders, FEMA, National Guard and others to find needed space for staging and operations. We are working with our friends at the Lee County ...
