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Prime Downtown Fort Myers Office Building Sells Above Market Value

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Prime Downtown Fort Myers Office Building Sells Above Market Value Cushman & Wakefield | Commercial Property Southwest Florida facilitates $500,000 sale at 2431 First Street   The office building at 2431 First Street in Downtown Fort Myers has sold for $500,000, above market value, in a transaction facilitated by Cushman & Wakefield | Commercial Property Southwest Florida, LLC and Senior Director Michael F. Curran. The 1,368-square-foot property, originally listed for lease, quickly drew interest thanks to its prime location along First Street, offering excellent visibility, high vehicle traffic, and strong pedestrian activity. That demand resulted in a purchase by 2431 First Street LLC, underscoring the appeal of downtown Fort Myers as a business hub. Designed for general office use, the building sits in the center of Fort Myers’ vibrant downtown corridor, making it an attractive investment and a reflection of the continued momentum in the city’s commercial real estate market. “We are thrilled to have facilitated this transaction, which reflects the robust demand for well-positioned properties in Fort Myers,” said Michael F. Curran, Senior Director at Cushman & Wakefield | Commercial Property Southwest Florida. “This sale exemplifies our ability to maximize value for our clients through tailored strategies and deep market knowledge.” The successful sale highlights Cushman & Wakefield | Commercial Property Southwest Florida’s expertise in delivering results that benefit clients and support the growth of the regional economy. For more information about this transaction, or to learn more about Commercial Property Southwest Florida, please contact Gary Tasman at gtasman@cpswfl.com or visit www.cpswfl.com. 

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North Fort Myers Parcel Sale Featured in Cape Coral Breeze

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The $550,000 sale of a 7.24-acre parcel at 17501 N. Tamiami Trail in North Fort Myers, represented by Gary Tasman, CEO and Principal Broker, and Shawn Stoneburner, Senior Director of Cushman & Wakefield | Commercial Property Southwest Florida, was also covered in Cape Coral Breeze. The buyer, R.B.E. Investments of Southwest Florida Inc., is considering potential light industrial development for the site. Read the full article in Cape Coral Breeze here. 

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North Fort Myers Parcel Sale Featured in Business Observer

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The recent sale of a 7.24-acre parcel on Tamiami Trail in North Fort Myers, brokered by Gary Tasman, CEO, and Shawn Stoneburner, Senior Director of Cushman & Wakefield | Commercial Property Southwest Florida, was highlighted in Business Observer. The property, purchased by R.B.E. Investments of Southwest Florida for $550,000, is being considered for light industrial redevelopment. Read the full article in Business Observer here. 

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Mid-Season Check-In: Staying Hurricane-Ready in Southwest Florida

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By: Bill Mitchell, Senior Property Manager at Cushman & Wakefield | Commercial Property Southwest Florida We’re Halfway Through. Is Your Property Still Prepared? With the 2025 Atlantic hurricane season in full swing, Southwest Florida is starting to see an increase in tropical activity. Experts warn that we may not be out of the woods yet. Now is the time to double down on storm readiness to ensure your commercial property and tenants remain protected through the peak months of the season. At Cushman & Wakefield | Commercial Property Southwest Florida, we’re committed to helping you stay proactive, not reactive. A mid-season check-in can make all the difference in reducing damage, downtime, and stress should another storm approach. Mid-Season Hurricane Preparedness Checklist Here are key steps we recommend revisiting to ensure your property is ready for the next storm: ✅ Reinspect the Property Walk the property to identify any new vulnerabilities: damaged roofing, clogged gutters, loose signage, or deteriorating seals. Remove any storm debris or fallen branches that may have accumulated during earlier storms. ✅ Refresh Communication Protocols Confirm tenant contact information is accurate and communication channels are functioning (emails, group texts, emergency alert systems). Re-share your emergency response plan with tenants, including evacuation procedures and storm protocols. ✅ Reevaluate Emergency Supplies Check generator functionality, fuel levels, and backup power sources. Restock first-aid kits, flashlights, batteries, and water supplies on-site if applicable. ✅ Review Insurance and Documentation Ensure your insurance policies remain active, and that coverages haven’t changed. Update photo and video documentation if any property modifications or improvements were made recently. ✅ Reconfirm Vendor Availability Touch base with key contractors, restoration services, and emergency vendors to confirm they’re still on standby should services be needed post-storm. Know who to call for HVAC, roofing, debris removal, and electrical repairs. Supporting Tenants Through Uncertainty Now is a great time to check in with your tenants. Open communication builds trust and confidence, especially when the forecast looks uncertain. Provide tenants with: Updated contact information for property management Guidelines for securing office space or retail units Instructions for submitting post-storm repair requests Lean on Your Property Management Team Cushman & Wakefield | Commercial Property Southwest Florida is here to assist every step of the way. Whether you need a mid-season inspection, help reviewing your insurance coverage, or support coordinating storm repairs, our dedicated property management team is ready. Resources to Revisit Stay informed and empowered by bookmarking these key resources: NOAA National Hurricane Center Florida Disaster – Business Resources Lee County Emergency Management Charlotte County Storm & Recovery Collier County Hurricane Resources Florida SBDC Disaster Planning FEMA Disaster Recovery Center And don’t forget mobile tracking apps: iOS: National Hurricane Center Data Android: My Hurricane Tracker & Alerts Don’t Wait, Stay Hurricane Ready Being proactive mid-season gives you the best chance at minimizing disruption and damage. Let Cushman & Wakefield | Commercial Property Southwest Florida help you maintain your edge with trusted expertise and timely support. 📞 Need help or a property check-up? Call 239-489-3600 🌐 Visit us at cpswfl.com We’re in this together: protecting your property, your tenants, and your peace of mind.

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FDLE Breaks Ground on New Fort Myers Regional HQ

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The Florida Department of Law Enforcement (FDLE) has officially broken ground on its new $36 million Regional Operations Center in Fort Myers, reinforcing the agency’s long-term commitment to public safety in Southwest Florida. Located on Oriole Road near the I-75 and Alico Road interchange, the new two-story, 64,000-square-foot facility will consolidate multiple FDLE operations, including forensic labs, digital evidence analysis, offices, and training areas, into one purpose-built location. Developed by Seagate Development Group in partnership with Easterly Government Properties, the project is expected to be completed by October 2026. FDLE has signed a 25-year lease with renewal options. Cushman & Wakefield | Commercial Property Southwest Florida represented Seagate in both the land acquisition and lease negotiations, helping to align the vision of public-sector leadership with institutional development strategy. “This wasn’t just about site selection. It was about solving a complex need with a long-term strategy,” said Gary Tasman, CEO and Principal Broker. “Our team brought together the right partners, the right location, and the right vision to ensure FDLE’s future in Southwest Florida. This project reflects the type of forward-thinking leadership and collaboration that define our firm.” “There was a lot of intention behind this deal,” added Shawn Stoneburner, Senior Director at Cushman & Wakefield. “From infrastructure and access to security and growth potential, we made sure every aspect of the site and lease supported FDLE’s mission. It’s a great example of the value Cushman & Wakefield brings when strategy and execution come together.” The new facility replaces FDLE’s current storm-damaged location at Page Field and will initially serve around 70 employees with future expansion capacity for up to 100. Read the full story on Gulfshore Business here.

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Florida to Eliminate Sales Tax on Commercial Rent Beginning October 2025

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Florida to Eliminate Sales Tax on Commercial Rent Beginning October 2025   In a significant policy shift poised to benefit businesses across the state, Florida will officially eliminate the 2% state sales tax on commercial leases effective October 1, 2025. The announcement was detailed in a recent article by Evan Williams for Gulfshore Business, highlighting a long-anticipated move that positions Florida as even more competitive in attracting and retaining commercial tenants. The repeal was signed into law by Governor Ron DeSantis on June 30, 2025, following the passage of House Bill 7031. This marks the final phase-out of a tax that has been in place since 1969, originally set at 6% and gradually reduced over the past decade. “This will make us much more competitive when recruiting or launching new businesses in Florida,” said Gary Tasman, CEO and Principal Broker of Cushman & Wakefield | Commercial Property Southwest Florida, in the Gulfshore Business feature. “It removes a financial barrier that no other state imposed so broadly, giving Florida a clear advantage.” Key Implications: Tenant Cost Relief: The removal of the 2% tax will reduce total occupancy costs for tenants across office, retail, and industrial asset classes. Landlord Adjustments: Property owners should prepare to update lease agreements and billing systems ahead of the October 1 effective date. Market Competitiveness: With the repeal, Florida aligns more closely with national norms, reinforcing its pro-business stance and enhancing its appeal to both regional and national occupiers. This legislative change is expected to stimulate economic activity across the state by lowering barriers to entry and promoting reinvestment in commercial space. To read the full article by Evan Williams in Gulfshore Business, click here.

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Navigating the 2025 Hurricane Season: A Guide for Commercial Property Owners

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By Gayle Erickson-Ash & Bill Mitchell, Property Management at Cushman & Wakefield | Commercial Property Southwest Florida With the 2025 Atlantic hurricane season expected to be more active than usual, preparation is key for commercial property owners across Southwest Florida. The National Oceanic and Atmospheric Administration (NOAA) forecasts 17 named storms, 9 hurricanes, and 4 major hurricanes, fueled by unusually warm ocean waters and a developing La Niña pattern. Advancements in forecasting technology, such as NOAA’s Hurricane Analysis and Forecast System (HAFS), are offering communities better lead times. But even with better warnings, the time to prepare is now. At Cushman & Wakefield | Commercial Property Southwest Florida, hurricane preparedness is a cornerstone of our proactive property management strategy. We work closely with property owners and tenants to mitigate risk, protect assets, and ensure business continuity. Before a Hurricane: What We Do and Recommend Building Compliance: We inspect buildings to ensure they meet current hurricane codes and complete any necessary structural improvements. Insurance Reviews: We confirm flood and general insurance policies are comprehensive and up to date. Lease Review: Review lease terms with tenants regarding storm-related responsibilities. Hazard Assessment: Use FEMA tools to identify potential vulnerabilities unique to your location. Secure Documentation: Take and store photographic or video records of property conditions. Protect Lower Levels: Remove or elevate valuables and equipment from ground-floor areas prone to flooding. Outdoor Item Storage: Secure or remove outdoor furniture and debris to reduce storm hazards. Tenant Communication: Maintain clear, proactive communication with tenants before, during, and after the storm. Emergency Readiness: Update contact lists and follow all local evacuation orders. Generator Checks: Test functionality, confirm fuel levels, and arrange for post-storm refueling. Water Intrusion Prevention: Use barriers or sandbags at entry points and windows. Digital Backup: Store essential files in secure cloud platforms and protect physical documents indoors. After a Hurricane: Rapid, Responsible Recovery Safety First: Only re-enter buildings cleared by structural engineers. Plan for Delays: Communicate openly with tenants about potential repair delays due to labor or supply shortages. Tenant Support: Reach out quickly to assess damages and assist tenants in recovery efforts. Insurance Follow-Up: Begin the claims process using your pre-storm documentation. Our team is available to help assess your coverage and assist with filing. Insurance Coverage—Your First Line of Defense Storm damage can bring costly setbacks. Make sure your flood and property insurance are comprehensive and current. With policies frequently changing, our team is here to review your coverage and assist with storm planning tailored to your property. Helpful Resources for Hurricane Preparedness and Recovery Explore these trusted resources to strengthen your hurricane plan: Horizon Foundation – Business Continuity Resources Florida Disaster – Planning for Businesses FEMA – Disaster Preparedness and Recovery Lee County Recovery Resources Charlotte County Storm & Recovery Info Collier County Hurricane Preparedness Florida SBDC – Disaster Planning for Small Businesses Additionally, download hurricane tracking apps to stay updated: iOS: National Hurricane Center Data Android: My Hurricane Tracker & Alerts We’re Here to Help As both a brokerage and full-service property management firm, Cushman & Wakefield | Commercial Property Southwest Florida is committed to supporting you before, during, and after a storm.  📞 Call us at 239-489-3600 🌐 Visit us at cpswfl.com Stay prepared, stay protected—and let our team be your trusted partner this hurricane season.  

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Trump 2.0: How Policy Changes Could Impact Commercial Real Estate

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Cushman & Wakefield’s recent webinar, Trump 2.0: Implications for Property, provided expert analysis on how recent shifts in economic policies might influence the real estate market and overall economy. Our Global Think Tank identified several important considerations for investors and stakeholders navigating the evolving landscape, including: Economic Uncertainty and Stagflation: A short-term economic slowdown combined with higher inflation is anticipated in 2025. Rising Construction Costs: Tariffs are likely to increase construction material expenses by 5-7%, potentially benefiting existing property owners due to slower new development. Federal Employment Cuts: Reduced federal workforce expected to impact office space demand, particularly in the DC area. Interest Rate Volatility: Significant fluctuations in interest rates are expected, with a general stabilization around 4-4.5% for the 10-year Treasury. Industrial and Retail Sectors: Tariffs and weaker consumer demand could temporarily affect occupancy rates, but resilience is anticipated. Capital Markets Outlook: Short-term cautious investment climate evolving into a gradual recovery, driven by demand for stable income assets. Long-Term CRE Investment Strength: Commercial real estate remains an attractive asset class, offering diversification and protection against inflation. GSE Privatization: Possible privatization of government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac is unlikely immediately, but multifamily lending remains strong. Explore detailed insights and data shared during our expert-led session: Trump 2.0 Webinar Key Points April 2025 Presentation Slides Replay the Webinar For questions or additional insights, please connect directly with our team of experts.  

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Southwest Florida’s Office Market Thrives Amid National Downturn

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A recent article published by the Naples Daily News spotlights how Southwest Florida is defying national trends with its surging demand for office space and exceptionally low vacancy rates. While many markets across the country are scaling back, Lee and Collier counties are seeing an influx of businesses drawn to high-growth areas, robust infrastructure, and a desirable quality of life. Gary Tasman, CEO and Principal Broker at Cushman & Wakefield | Commercial Property Southwest Florida, shared: “We exited the pandemic with a major demand for quality office space … and that’s still very high. We find ourselves as probably one of the hottest office markets in the United States right now.” Want to dive deeper into the data behind this trend?Explore our latest MarketBeat Report – Office Q1 2025, which highlights: Office space absorption rates in Lee & Collier Counties Submarket-by-submarket vacancy data Trends in co-working and flexible office configurations Leasing activity and construction pipeline insightsRead the full article on the Naples Daily News: Southwest Florida bucks national trend with high demand for office space, low vacancies

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Residential Growth Fuels Commercial Expansion in North Fort Myers

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North Fort Myers is experiencing a commercial real estate boom, fueled by a wave of new residential developments that are reshaping the region. Gary Tasman, CEO and Principal Broker at Cushman & Wakefield | Commercial Property Southwest Florida, highlights the strategic importance of this growth. “As rooftops go up, businesses follow. We’re seeing increased interest in retail, healthcare, and mixed-use developments because families are moving in, and they need services close to home,” said Tasman. “This isn’t just growth—it’s transformation.” With wide-open land and competitive development costs, the Pine Island Road corridor is quickly becoming one of the most attractive areas for investors and developers. Eric Messer, Senior Research Manager at Cushman & Wakefield, notes that the demand for convenience is driving a trend toward walkable, mixed-use communities that blend residential, retail, and office space. For more on this regional transformation, read the full article on North Fort Myers Neighbor:New ‘Rooftops’ Drive Commercial Boom.

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