Charlotte County kicked off a strong Q1 with new developments in retail and hospitality leading the way. Office rents and demand continue to trend upward, and the market for high-end office space in Punta Gorda is hot.
By The Numbers
4 Gas Stations
Including Holiday Inn Express, Marriott, and Sunseeker Resort
7 Retail Locations
Including HomeGoods, Burlington Coat Factory, a national shoe store, Dick’s Sporting Goods, Harbor Freight, and additional new retail shop locations.
Including a Tropical Smoothie cafe, 3 Peppers Burritos Restaurant, and Peace River Brewery.
1 Grocery Store
Construction has begun on the new Aldi’s at Jones Loop.
The biggest news in the area is the completion of assemblage for the new Sunseekers resort. The resort is Spread across more than 22 waterfront acres in Charlotte Harbor. The developers will complete more than $16 million in infrastructure improvements in exchange for an additional 3.62 acres on the east side of U.S. 41.
“This is really going to change the narrative in Charlotte County”
– Charlotte County official, Lucienne Pears
Office Building Trends
- Sales volume up 31%
- High-end less than 5% of inventory
According to the latest Costar data, Punta Gorda is continuing its record setting trends, with office sales volume up 31% over to the historical average.
Opportunities are prime for new construction in the high-end office market. Demand in this segment is expected to continue increasing in line with annual trends.
Ask Heather about high-end office inventory and construction opportunities in Charlotte County.
Image Attribution: Mike Mozart from Funny YouTube, USA – Dick’s Sporting Goods – License CC BY 2.0