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Regional Snapshots - Southwest

Perspectives

Kevin Fitzgerald
President
NAI Southwest Florida, Fort Myers

“Vacancy rates are stabilizing. Pricing is stabilizing. There appears to be activity in all sectors, both sales and leasing. Office seems to be leading with industrial and retail close behind. … The banks are so overwhelmed with CMBS and foreclosed product that they’re still finding it hard to finance new projects. … We’re seeing the biggest influx (of investors) from Latin America and Europe and Canada.”