CBRE’s H1 2017 Southwest Florida MarketView shows multifamily investment leads the charge with over $425 million invested in Charlotte, Lee, Collier, and Monroe counties. Retail investment tallied over $391 million in total sales volume in the first half of 2017.  

“Strong economic fundamentals in areas like Cape Coral and Naples has continued to fuel growth amongst these sectors. The region remains an appealing investment, especially for those squeezed out of the increasingly tightening Southeast Florida markets,” said Jeffrey Gage, senior vice president, CBRE. “A continued scarcity of developable land coupled with attractive pricing may attract investors and developers to look to the west coast in search of yield.” 

Capital flows across office, industrial, and retail product in the first half of 2017 have been dominated by REIT investment (80 percent) with the remaining coming from private funds.  

On the development front. Retail showed the most activity with over 615,000 square feet under 
construction at the end of June. This sector also experienced over 1.2 million square feet of net 
absorption over the last 12 months, further motivating developers to break ground on retail 
projects. 

For more information, download the H1 2017 Southwest Florida MarketView here.