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    Naples’ commercial market dynamics
    Jeffrey H. Gage
    Business & Real Estate
    By Melanie Pagan  
    13 September 2024

    Naples’ commercial market dynamics

    How office demand, industrial investments and housing shortages intersect

    People prefer a view of palm trees outside their office windows over paradise-inspired desktop wallpaper. At least that can be inferred, given that Florida comes in as the third-highest state for office demand, according to a 2024 Highland Cabinetry study. Another recent study cites the state as a booming office rental market, with 55% of its metropolitan areas increasing office rent prices. The Cape Coral-Fort Myers metro area is seeing the highest rent price increase for offices, up 8.3% in price per square foot.

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