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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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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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Six Critical Questions Part 6: What Are Some of Southwest Florida’s Largest Commercial & Public Sector Construction Projects?

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This article is the final edition of a six-part series focusing on the most critical questions about development and commercial property in Southwest Florida.  The end of 2023 saw two landmark construction projects come to an end: Margaritaville Resort in Fort Myers Beach, and Sunseeker Resort in Port Charlotte, both of which were long-awaited developments that changed the profile of their communities. These hospitality projects will soon be joined by four additional large-scale hotels in Collier County, which combined will total more than $1.4 billion in development.  However, the majority of our region’s new construction projects are focused on the needs of our rapidly growing population rather than our traditional economic base of tourism.   This brings us to the final question in our six-part series:  What Are Some of Southwest Florida’s Largest Commercial and Public Sector Construction Projects?  Over the next five years, Southwest Florida will see substantial development across various sectors, including commercial and public infrastructure projects tailored to support our expanding community. Educational infrastructure will receive a boost with multiple new schools coming in Lee, Collier, and Charlotte Counties. Combined, the new educational ventures in our region will reach more than $3.3 billion in the next half-decade, but represent only a portion of our region’s largest construction projects.  Medical & Medical Office   Lee Health plans to invest more than $750 million into fresh community health initiatives. This year, the hospital system completed the expansion of its Surfside outpatient center in Cape Coral. Lee Health has also broken ground on a new 60-bed rehabilitation hospital in collaboration with Encompass Health, slated for completion in 2025. However, the system’s most notable upcoming project is the construction of a new hospital and medical campus on Colonial Boulevard in Fort Myers.   Southwest Florida International Airport  Already one of the nation’s fastest-growing airports, Southwest Florida International Airport (RSW) envisions further expansion. This includes a $331 million terminal expansion, Lee County’s second-largest public works project ever. However, the terminal expansion is just a fraction of RSW’s $1.4 billion overall growth plan, which includes its ambitious Skyplex development.  Infrastructure and Hurricane Recovery Projects   The topic of traffic congestion is always top-of-mind for Southwest Florida residents, prompting several infrastructure projects meant to alleviate some of the many commuter challenges exacerbated by a growing population. These include the long-awaited replacement of the Cape Coral Bridge, expected to begin in 2026 or 2027, and numerous road expansion projects across the region. Beyond just transportation improvements, total infrastructure investments and expansions in Lee, Charlotte, and Collier Counties will total north of $1 billion.   Finally, it’s crucial to address the economic impact generated by our region’s ongoing recovery from Hurricane Ian. Over the next five years, projects designed to rebuild and reinforce our community will ignite construction activity valued between $60-$110 billion.  The Commercial Construction Cycle  Construction spending has a ripple effect on the economy. These improvements to our community will do more than just make Southwest Florida an even more desirable place to live. As our expansion continues, it will also foster job creation and population growth. The data suggest that Southwest Florida will lead the state in economic expansion for the foreseeable future.    How will these projects impact you and your investments? The team at Cushman & Wakefield | Commercial Property Southwest Florida (CPSWFL) has an intimate understanding of our region’s economic potential and commercial property landscape. Reach out to the Commercial Property Experts at CPSWFL with your questions. To contact us, use our online contact form or call 239-489-3600 and consult with an expert today.     

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Six Critical Questions Part 5: Has the Wave of Multifamily Construction Reached its Peak?

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This article is part five of a six-part series focusing on the most critical questions about development and commercial property in Southwest Florida.  Our recent article on Southwest Florida’s hottest commercial corridors highlighted an abundance of multifamily housing springing up across the region. These projects will gradually come to market over the next 12-14 months. Some economic indicators hint that this multifamily boom may be reaching a peak, which brings us to our fifth critical question about Southwest Florida’s Development:   Has Southwest Florida’s Wave of Multifamily Construction Reached its Peak?  Over the past year, Southwest Florida has seen a dramatic 62% decrease in construction starts. Escalating material and labor costs, combined with higher interest rates, are making it more expensive to build and borrow money, dampening the incentive for multifamily developers. Moreover, the additional supply in the market should cause rent prices to stabilize, further making multifamily housing less attractive for developers. However, we anticipate this trend to be a short-term pause rather than a long-term slump because of ongoing demand.  Rental Rates and Housing Shortages in Southwest Florida   The shortage of multifamily housing in our region has been a longstanding issue. While the current boom will certainly narrow the gap between demand and supply, the current wave of construction will not fully address the region’s housing crisis. The majority of the new units in the current pipeline are luxury and market-rate apartments, which do little to alleviate Southwest Florida’s housing affordability crisis.   We’re all familiar with the often-cited guideline that no more than 30% of our before-tax income should be spent on our housing. Yet Gulfshore Business recently noted that the median household income in Lee County is $71,072. To meet the 30% affordability standard, monthly rent on a two-bedroom apartment should cost no more than $1,777. The reality is quite different, however. Renters in Lee County pay an average of $2,273 a month, meaning there will still be significant demand for housing in our region.  Demand and Multifamily Construction Activity  As the new inventory of multifamily units comes online over the next 12 months, we can certainly expect a temporary lull in construction activity. Nonetheless, demand should rebound quickly as the region’s population continues to grow. With economic conditions expected to improve, we anticipate that investors will once again turn to multifamily development, driving another surge in construction in 2026. In other words, although our current multifamily construction wave may have plateaued, the peak is yet to come.  If you’re a developer considering multifamily construction in Southwest Florida, your next step is to contact the Commercial Property Experts at Cushman & Wakefield | Commercial Property Southwest Florida (CPSWFL). Our team can leverage our data and local knowledge to help you understand the economic potential of your potential development project. Reach out to us by completing our online contact form or calling 239-489-3600 to speak with an expert.     

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Cushman & Wakefield|Commercial Property Southwest Florida Unveils Cutting-Edge Website Redesign

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Cushman & Wakefield | Commercial Property Southwest Florida, a leader in strategic commercial real estate solutions, proudly announces the launch of its newly redesigned website.  The new website is poised to enhance user experience and accessibility for clients, partners, and industry professionals worldwide. The revamped website features a sleek and modern design, offering visitors an immersive and intuitive browsing experience. With improved navigation and functionality, users can easily explore the full spectrum of Cushman & Wakefield | Commercial Property Southwest Florida’s services, insights, and property listings. Key highlights of the new website include: Streamlined Navigation: Optimized menus and navigation tools allow for seamless exploration of services, markets, and resources. Enhanced Search Capabilities: Robust search functionality enables users to quickly find relevant properties, market reports, and industry insights. Responsive Design: The website is optimized for desktop, tablet, and mobile devices, ensuring a consistent and engaging experience across all platforms. Interactive Features: Engaging multimedia content, including videos, infographics, and virtual property tours, provides visitors with dynamic insights into real estate trends and opportunities. Localized Content: Tailored regional content and market insights cater to the diverse needs of clients and investors across different geographic locations. “We are ecstatic to unveil our redesigned website, which reflects our commitment to innovation and excellence in serving the evolving needs of our clients and partners,” said Gary Tasman, CEO & Principal broker at Cushman & Wakefield| Commercial Property Southwest Florida. “This enhanced digital platform will empower users with greater access to our comprehensive suite of real estate services and market intelligence, enabling informed decision-making and driving success in today’s dynamic market environment.” Now that you’re on our new website we hope you’ll enjoy exploring the latest offerings and insights from one of the world’s leading real estate services firms.

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42-Unit condominium resort for sale in Cape Coral

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FORT MYERS, Fla. (May 11, 2017) — Cushman & Wakefield Commercial Property Southwest Florida has announced the exclusive listing of Pine Key Condominium Resort. The 42-unit property is located at 1050 Hancock Creek South Blvd, in Cape Coral. The 10.5-acre site is priced at $7.9 million. Built in 2007, the 52,408 square feet parcel features seven fully developed building pads to accommodate up to 56 additional units. The Key West-style units offer steel roofing and tropical vegetation. All units are two-bedroom, two-bathroom, and range from 1,224 –1,274 square feet. Features include 9” ceilings, 2nd floor vaulted ceilings, ceramic tile at entryway, luxurious carpeting, abundant closet space, washer and dryer connections and a security system. Pine Key Condominium Resort amenities include a lagoon-style pool, 2,000-square-foot clubhouse, exercise room, gathering room with kitchen, trellised tropical BBQ areas, and a spa. The community resides in one of the fastest growing metropolitan areas, is near the VA Health Center and is just six miles from Downtown Fort Myers and minutes from area beaches and shopping. About Cushman & Wakefield Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter. For Further Information Contact: Heather Adams Business Manager Cushman & Wakefield Commercial Property Southwest Florida 239.489.3600 hadams@cpswfl.com   Media Contact: Kandice Hayes Senior Public Relations Specialist Spiro & Associates Marketing, Advertising, Public Relations & Brand Architecture 481-5511, Extension 252 khayes@spiroandassociates.com

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