Fort Myers / Naples Office Market Report
By CREhunt Research · Data through Q3 2024 · Aggregated from Lee & Associates, Colliers, Cushman & Wakefield
Quarterly office market indicators for Fort Myers / Naples, aggregated by CREhunt from Lee & Associates, Colliers, Cushman & Wakefield. As of Q3 2024, average asking rent was $19.43/SF/yr and vacancy was 4.8%, per Lee & Associates.
Projected current office pricing — Fort Myers / Naples
Projected asking rent
$19.43/SF/yr
Estimated sale value
$110–$144/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q3 2024 Lee & Associates data (cap rate 8.4%, asking rent held flat). Assumes ~95% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q3 2024 Lee & Associates | $19.43/SF/yr | 4.8% | 150K SF | — | Lee & Associates |
| Q4 2023 Colliers | — | 11.2% | 146K SF | — | Colliers |
| Q4 2021 Cushman & Wakefield | — | 4.2% | 2K SF | — | Cushman & Wakefield |
| Q4 2018 Colliers | $37.08/SF/yr | 10.3% | 50 SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for office space in Fort Myers / Naples?
- As of Q3 2024, the average asking rent for office space in Fort Myers / Naples was $19.43/SF/yr, per Lee & Associates.
- What is the office vacancy rate in Fort Myers / Naples?
- The office vacancy rate in Fort Myers / Naples was 4.8% as of Q3 2024 (Lee & Associates).
- Where does CREhunt's Fort Myers / Naples market data come from?
- This report aggregates quarterly office market data for Fort Myers / Naples from Lee & Associates, Colliers, Cushman & Wakefield.
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