Collier County Commercial Real Estate Insights and Trends
"Discover the latest updates on Collier County's commercial real estate sector, including challenges, opportunities, economic conditions, labor force data, and residential market trends. Explore issues like over-valued properties, supply and demand dynamics, and rising construction costs. Learn about the county's increasing tourist tax revenues, permit issuance growth, and declining unemployment rates. Uncover opportunities in multi-family, workforce, and affordable housing developments. Stay informed on key factors shaping the county's real estate landscape."
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
SOUTHWEST FLORIDA COMMERCIAL REAL ESTATE SYMPOSIUM Collier County Commercial Development Challenges & Opportunities Garrett Richter
Collier County Economic Conditions 4th Quarter 2021 Compared to 1-year ago Outlook for next year 80% 80% 73% 71% 70% 70% 60% 60% 50% 50% 40% 40% 30% 30% 17% 17% 20% 20% 12% 10% 10% 10% 0% 0% Better Same Worse Better Same Worse Source: Naples Chamber of Commerce Executive Business Climate Survey
Random Information Collier County issued 403 permits in August 2021, an increase of 107 permits from August 2020 The latest data shows that the August 2021 National CPI increased by 5.3% over August 2020. August 2021 unemployment rates in Collier County decreased from 6.3% in August 2020 to 3.6% in May 2021. Collier County s tourist tax revenues increased substantially to $5 million in July 2021, up 123% from July 2020. Source: FGCU Regional Economic Research Institute October 2021 Edition
Labor Force and Unemployment Collier County
Summary Tourist tax revenues have increased for Collier County. Permits issued in the county have increased. Unemployment has decreased.
Challenges Making the Numbers Work! Over-Valued Properties Supply vs. Demand Low Interest Rates Rising Rate Forecast Supply Chain Issues Construction Costs Labor Costs
Challenges Costs Construction Labor Government / Permitting
Opportunities Multi Family Housing Workforce Housing Affordable Housing East of I-75
THANKYOUFOR YOUR ATTENTION Collier County Commercial Development Challenges & Opportunities Garrett Richter
