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Rental prices in Cape Coral – Fort Myers on the rise

CAPE CORAL, FL –

A new survey finds rent prices for single-family homes are on the rise. Cape Coral is number one on the list, according to a list released by a company called Rent Range.

A year ago, Kristen Denton did something she had never done before. She rented a home.

The mother of two says it was her best financial option at the time because she was going through a divorce.  But now, 13 months later, she’s pleasantly surprised that she enjoys renting and may not rule it out in the future.

“I like that I can let the property management team know if something goes wrong or if I need something fixed, and they are out here pretty quickly to fix it,” said renter Kristen Denton.

Denton found the perfect home in Cape Coral through Douglas Property Management, a company that manages close to 1,000 rental properties.

Their clients, like Denton, are all experiencing a rise in rent. Realtors say it’s the simple economics of supply and demand.

“Anytime you have a low supply and high demand, prices go up,” said realtor Christian Haag.

A new study by Rent Rage says Cape Coral and Fort Myers top the list nationally when it comes to rising rent prices.  The average rent increased nearly 24 percent compared to last year.

Realtors said when the market crashed in 2008, Cape Coral was the hardest hit and had the most foreclosures of any city in the U.S.  That forced many companies to retool their approach to buying and renting.

“Five years ago for a three-bedroom, two-bath home, we were typically charging $8-900 a month tops. Now for a three bedroom, two-bath without a pool, we are charging $1,300-$1,350 because we can,” said Haag.

As for what the future holds, experts predict rental prices in the Cape Coral – Fort Myers market will continue to rise in the short term. But eventually, they will have to come back down.

By Stacey Deffenbaugh, Anchor / Reporter

Source: http://www.nbc-2.com/story/30320099/rental-prices-in-cape-coral-fort-myers-on-the-rise#.Vi5yIfmrTIV

Tourism numbers boast record 97 million visitors to Florida

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A record number of tourists flocked to Florida last year as the nation’s economy continued its recovery after the Great Recession.

Gov. Rick Scott announced Monday during a visit to Tampa International Airport that more than 97 million people visited the state last year, according to estimates prepared by VisitFlorida, the state’s tourism marketing arm.

That’s the fourth year in a row that the state has had a record number of tourists come to the state. Most of the visitors were from the United States, but millions also came from overseas and from Canada.

“We are excited to announce that Florida welcomed more than 97 million visitors in 2014, marking the fourth consecutive record year for tourism in the Sunshine State,” Gov. Scott said in a statement. “Not only are visitors coming to our state at record levels, but there are also a record number of Floridians employed in our tourism industry.

“Florida’s natural beauty, pristine beaches and exciting attractions continue to bring countless visitors to our state and provide valuable jobs for our families.”

Despite the record year of 97.3 million tourists Florida fell a little bit short of reaching Scott’s goal of having 100 million tourists visit in 2014. Nearly 94 million people visited the state the previous year.

VisitFlorida, the state’s tourism marketing company, estimates that 11.5 million visitors were from overseas and 3.8 million tourists came from Canada. Those are increases over 2013 as well.

State officials told a legislative committee last year that Florida is “growing at the expense of our competition” as Americans are shifting away from visiting other places to come to Florida.

Since becoming governor, Scott has pushed to increase the amount of money spent on marketing and advertising by VisitFlorida. This year he is seeking an increase of $17.5 million. It’s not clear, however, if state legislators will go along with the request.

Sen. Jack Latvala, R-Clearwater and chairman of the committee that oversees VisitFlorida’s budget, said last week that while the numbers have jumped the last few years that another large boost in funding may not produce another large jump in the number of visitors.

Central Florida growing as tourism booms

Wilfredo Soto owns an Electronic store on International Drive.

“I been here nine years and things seem to be getting a lot better,” Soto said.

Soto said he is not surprised by the latest numbers that show a record number of people traveling to Florida.

“You always think. Does this really impact jobs and it absolutely impacts jobs,” said Governor Scott.

He hopes to reach the goal of 100 million tourists and is proposing more money to Visit Florida, the state’s tourism engine.

Experts are hoping projects like Orlando Eye, unique shopping experiences, and improvements to structures and building will all help the tourism industry continue to grow.

Business owners are hoping even more people come here in 2015.

“This year we expect to have a lot more business and a lot more tourism,” Soto said.

Florida’s tourism industry grew from more than 82 million visitors (82.3) in 2010, to the 2014 number of 97 million (97.3).

That’s a 15 percent increase in just four years.

 

source: My News 13

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City of Cape Coral

The city of Cape Coral is situated on Florida’s beautiful southern Gulf Coast bordered in the south and east by the Caloosahatchee River and in the west by Matlacha Pass. Notably, the city of Fort Myers lies just across the Caloosahatchee River to the east, Naples 40 miles south, and Punta Gorda 30 miles to the north.

Cape Coral is a boater’s paradise boasting over 400 miles (640 km) of canals, more than any other city in the world, most of which are navigable and many have access to the Gulf of Mexico. And with an average of 355 days of sunshine each year, outdoor enthusiast will enjoy a wide variety of activities from any of our over 30 recreational parks, several ecological preserves with elevated nature trails, or seven golf courses.

But Cape Coral is known for more than just bird watching, golf, or fishing. Cape Coral’s cultural assets include the Historical Museum, the Art Studio, the Cape Coral Art League, and Cultural Park Theater. In addition are several regional arts and performance venues in the immediate area, including the Barbara B. Mann Performing Arts Hall.

 

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