On January 21, 2016, Certified Commercial Investment Members (“CCIM”), Southwest District, held its 16th Annual Commercial Real Estate Outlook Conference at the Harborside Event Center in Fort Myers, Florida. The annual event was well attended and full of positive projections from local leaders regarding market trends for Southwest Florida’s real estate industry. Land Use Attorney Austin Turner and Real Estate Attorney Michael Lehnert attended and provide the following recap:
The Mayor’s Inside Look at Downtown Fort Myers
The program began with the City of Fort Myers Mayor Randy Henderson providing an “inside look” at downtown. He explained that our community is postured for many robust real estate opportunities in the next decade, such as the development of its urban infill areas. Mayor Henderson seemed confident that the real estate market, both on a statewide and local level, “is back.” He stated that Fort Myers has recently issued permits for private development that will result in $450 million invested into the downtown area. The Mayor also stated that Florida SouthWestern State College (FSW’s) new baseball stadium and potential basketball arena will positively influence the community’s youth.
The Macro Outlook of Florida’s Real Estate Market