Industrial and Office Parks
Industrial and Office Parks are Key to Economic Growth in the Cape.
Industrial flex space has gradually risen to become one of the most sought-after types of space in the Cape. Flex spaces are attractive because they offer owners “flexibility” in terms of usage from office, to warehouse, to storage. They’re typically more cost-effective than traditional office buildings and offer higher ceilings, private restrooms and air conditioning to allow for a customizable space. Multiple units can be used by one company, ranging from 1,000 to more than 5,000 square feet depending on the business needs. Industrial flex space is becoming more popular as entrepreneurs and young professionals move away from traditional office spaces and headquarter buildings in search of options that they can own or lease and which better suit their business needs.
Some of the industries looking to capitalize on flex space in the Cape include:
- #1: Retail/Logistics
- Online sales and e-commerce will continue to grow by nearly 25% year-over-year. This increase results in the demand for office space that can serve as warehouse, storage and distribution center.
- #2: Office
- Flex spaces allow companies to customize their office space, allow all employees to work in a single space and provide a modern way for owners to gradually expand their business. Flex space can also function as a co-working space or shared space by more than one business.
- #3: Tech
- Tech companies in all sectors need office space that is cost-effective, modern and flexible. Flex space is the perfect fit for a tech company that may not have a lot of initial start-up capital but is looking to gradually expand.
Cape Coral is continuing to welcome industrial flex spaces in multiple locations throughout the City. Areas such as Burnt Store Road, Northeast Cape and Pine Island Road offer land that can be utilized to enhance the local-based businesses in the Cape, and developers are seeing the potential these types of spaces provide for the City.
John Moffatt, developer and real estate agent at Sun Coast Global Inc., recently filled a 10,000 square feet flex building just north of Pine Island Road and has another under construction just north of Aldi’s on Pine Island Road. Moffatt is also looking at opportunities to create medical-oriented condominiums, which is increasing in popularity here in the Cape.
When asked why Moffatt decided to develop these industrial/flex spaces in Cape Coral, he stated, “Florida is the state with the highest average rate of net migration over the past five years. Cape Coral, along with other Gulf Coast cities, has a very low corporate footprint. This allows small businesses to service the town and many of these businesses work out of flex warehouses and industrial spaces. I’m happy to provide the space for these businesses as they are the backbone of comfortable living in SW Florida.”
Please contact David Brown for details and leasing information.
Warehouse Flex Space under construction behind Aldi’s on Pine Island Road.
John Moffatt cell: 239-961-9001