southwest florida retail sector investment opportunities · pdf file southwest florida retail...

Southwest Florida Retail Sector Investment Opportunities

City of Cape Coral Economic Development Office • City Hall 1015 Cultural Park Blvd. • Cape Coral, FL 33990 P: (239) 574-0444 • T: (866) 573-3089 • Email: [email protected] • Web: http://bizcapecoral.com

http://bizcapecoral.com mailto:[email protected]

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The City of Cape Coral is situated on the Gulf Coast in S the largest city between Tampa and Miami. Its ar Florida city by land mass.

The area’s greatest attractions are the weather Cape Coral’s more than 400 miles of canals and wat the water. There is no place where you can own w a Southwest Florida.

Since incorporation in 1971, Cape Coral has experienc city is currently 43% built out and expect

Executiv Summar

outhwest Florida. With a population of 154,305, it is f 120 sququ are mim lele s mam kes Cape Coral the thirdd-largegegeeege sttt s

water, and our low cost of living and doing business. erways give residents plenty of opportunity to live on aterfront property as inexpensively as in Cape Coral and

ed amm azing growtht and keee ps growing at a rapid tempo. The -out is in the year 2080.

Census 2010 Projected

Leakage/Surplus Foctor by Industry SulEector Motor Velide,& Pats Dealers

Fu-int ure & Hom2 Fu-ini9;iii;gs .stares

Ele:trolics & AA:,liance stares

Bldg Mate-ias, Garden EQ-Jip. & Sui:ply Stares

Food & Beve-a;;ie .stores

Heath & Pa-sorrel Ca-e, Stares

G=liine .sta:iolnS

dotliing and do,tnii;g Accessor ies stares

Sporting Goods, Hocby, Book and ML19c stares

G e,e-a Mercrandi;.e .stares

Miscelaineous Stare Ra:aiers

N oinstore, Ra:aiers

Food Se-v i:es & D-irl

Executive Summary (Continued)

“With Cape Coral currently being 43% built out and a projected total population of 400,000 by 2080 – there are tremendous opportunities for the retail sector.”

Please contact the Cape Coral EDO to fnd out which economic incentives may be available for any potential development you may wish to bring to Cape Coral.

The Cape Coral Area Ranked: “One of the 200 Best Places for Business and  Careers in the Nation“ (Forbes, 2012)

“3rd Fastest Growing U.S. Metro” (CNN Money, 2012)

“Cape Coral/Fort Myers Metropolitan Area is 2012 Best Mid-Sized Florida City for Job Growth” (New Geography, May 2012)

“Florida is 2nd Best State for Business” (Chief Executive Magazine, April, 2012)

“One of the U.S. 25 Best Places to Retire” (Forbes, 2012)

“Most Improved Florida Housing Market” (National Association of Builders, 2011)

The City of Cape Coral Economic Development Ofce ofers a host of resources and connections to help you evaluate a Cape Coral business location and connect you to commercial sites.

Detailed demographic reports and market data are available per request.

Please contact us to start your successful business in Cape Coral. We promise that you will fnd a natural ft for work and play in our city.

– The City of Cape Coral Economic Development Team

Market Overview The Southwest Florida economy shows continued signs of improvement since the year 2010. The housing market, Southwest Florida’s primary industry, is returning to a healthy state.

Home sales continued to increase as well as air trafc and hotel occupancy, new foreclosures were down, and home prices and unemployment improved. Cape Coral new home permits increased due to improvements in the economy, which continue to increase demand in the retail sector. These highlights, accompanied with the recent release of the 2010 U.S. Census and BEBR fgures showing renewed growth in the Southwest Florida and Cape Coral populations, bode well for the housing and retail industry, as well as the overall economy moving forward.

The years of plummeting real estate valuations appear over for Cape Coral. Cape Coral’s estimated tax roll value increased 3.83 percent in 2011, the biggest increase among all 91 taxing authorities in Lee County, according to preliminary fgures furnished by the Lee County Tax Appraiser’s ofce. At the beginning of the year 2012, the National Association of Builders named Cape Coral the Most Improved Florida Housing Market.

Florida Gulf Coast University (FGCU), an emerging economic driver in Southwest Florida, has become the largest regional school in the Southwest Florida area. Over the course of the past six years, FGCU has added in excess of 900 students per year. FGCU ofcials project the student population to be between 20,000 – 22,000 students by 2018. The growth of FGCU continues to add a consumer base to retail centers in Lee County.

Why should you locate in Cape Coral? As the 3rd largest Florida city, Cape Coral ofers more than 60 square miles of unimproved commercial and residential land within its total 120 square miles. See what others are saying about Cape Coral and Southwest Florida on the side panel of this page to see why pursuing a location here makes sense for your company.

Benefits for Locating Your Business in Cape Coral include:

Customized Economic Development Incentives

The Cape Coral Area Ranked:

“3rd Most Popular U.S. City for International Home Buyers” (The Wall Street Journal, 2011)

“Among 25 Best Places to Retire” (Money Magazine, 2011)

“Cape Coral Ranks in Top Ten Places to Open a Business” (Biz Journals, 2009) 

“Top Mid-Sized Economic Development Hot Spot” (Expansion Management, 2008)

“#1 for Doing Business among Cities over 100,000” (INC Magazine, 2007) 

“#1 Community in the Nation for Job Growth” (Forbes.com, 2007) 

Zoning: Commercial, Light Industrial, Mixed-use, Residential

Downtown CRA – Community Redevelopment Area Total Acres: 432 Zoning: Core, Edge & Gateway, Commercial, Mixed-Use, Residential

City Center Total Acres: 278 Zoning: Commercial, Professional, Governmental, Mixed-use, Multi-family,

Residential

Veterans Investment Zone (VIZ) Total Acres: 430 Zoning: Corridor, Industrial, Mixed-Use

Concourse at Cape Coral Total Acres: 171 Zoning: C-1

For More Information, Contact: City of Cape Coral Economic Development Ofce

A Talented Workforce

Low Cost of Doing Business

Low Taxes

Investment Areas Pine Island Corridor Total Acres: 2400

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