Business & Real Estate
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.