Naples Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $34.28 2023 Avg. Asking Rent
  • 2.15% Y-o-Y Avg. Asking Rent Change
  • 6.18% 2023 Office Vacancy Rate

Naples office price per square foot in 2023 was $34.28 on average. This marked a +2.15% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 6.18% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2023 Average Office Rent per Square Foot

  • Florida Class A & A+ Office Space$36.87
  • Florida Class B Office Space$27.52
  • Florida Class C Office Space$32.32

Naples, FL Office Asking Rents by Class

2023 Office Vacancy Rates in Naples

Submarket Asking Rents Vacancy Rates
North Naples $37.44 11.15%
East Naples $34.61 6.48%
Outlying Collier County $28.28 2.98%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Naples market was 6.18% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Naples was 2.98% in the Outlying Collier County submarket, while the highest office vacancy in the market was 11.15%, recorded in North Naples.

Office Spaces for Rent in Florida

Coworking Spaces in Florida

2023 Office Construction in Naples, FL

Largest Office Properties Recently Completed in Naples
Office building Address SF Completed
Charleston Square 1400 Gulf Shore Blvd, 34102 37,882 2004
225 Banyan Blvd 225 Banyan Blvd, 34102 19,894 2004
599 9th St N, Unit 101 599 9th St N, 34102 3,062 2002
599 9th St N #101 599 9th St N, 34102 3,062 2002
800 Goodlette Rd. North 800 Goodlette Rd. North, 34102 60,008 1990
Crayton Place 750 11th St S, 34102 2,722 1990
Collier Park of Commerce 3050 Horseshoe Drive South, 34104 54,488 1983
1100 on 5th 1100 5th Avenue South, 34102 59,586 1981
2400 Tamiami Trl N 2400 Tamiami Trl N, 34103 25,290 1973
Prominent 5th Ave Space 821 5th Avenue S, 34102 31,255 1968

Worth noting among recent office completions on the Naples market is Charleston Square, which is currently the largest new office development in the city, at 37,882 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Naples commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.