Estero’s Commercial Permits Lackluster in June, but 2017 Remains Strong

Estero’s commercial permits in June, 2017 totaled $1,038,563, without any large permit being issued. However, so far this year, over $6 million has been invested in renovations within Estero’s two largest malls, Coconut Point and Miromar.  And, Lee Health’s $82 million permit in May for Estero’s Medical Village should drive the total 2017 commercial investment to be one of the highest in the last ten years.

The table below compares 2017 year-to-date totals with those of the previous 17 years.

Note: The building values above exclude the value of the underlying land.

Sources:

For 2016 and 2017, see Village of Estero Community Development: see https://estero-fl.gov/monthly-building-reportrs/

For prior years, see Lee County Permit Reports for the “Village of Estero”: http://www.leegov.com/dcd/reports

 

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