We are almost half way through 2017 and the question is: how are the Lee County office, industrial and apartment markets performing?
As you can see in the article below, the Lee County Property Appraiser is projecting a six percent (6%) increase in values for all properties in Lee County.
The following is a comparison of the office, industrial and apartment markets in Lee County for the first half of 2017 versus the first half of 2016.
Data I collected indicates an average sales price per square foot of building area for office buildings increased five percent (5%), with the highest per square foot prices associated with medical office buildings.
In summary, these three markets are doing well, all showing strong sales at record prices. We are fortunate to be in a market that continues to grow, with population growth and low unemployment. This is all positive news for the commercial real estate market.
Call me at (239) 851-3164 if I can provide advice on the commercial real estate market.