According to statistics released Tuesday by Pitney Bowes Software of Stamford, Connecticut, Cape Coral-Fort Myers will be the 22nd fastest growing major metro area in the country, growing at a brisk 1.2 percent annually over the next five years.
Randy Thibaut, owner of Land Solutions Inc. in Fort Myers, who will be making a presentation on Southwest Florida’s real estate market at the Lee Building Industry Association’s second annual Market Trends on Friday, said his own research shows the same result for this area.
As the market recovers, according to Thibaut, national builders are targeting this area and some others as places where growth is likely to occur. Said he, “Where they’re putting their money is Naples and Fort Myers as well as a few others: they’re looking at Phoenix, they’re looking at California, they’re looking at some locations in Texas.”
The Pitney Bowes data shows that Cape Coral-Fort Myers has 262,941 households now and will grow to 278,347 by 2017, a total increase of 5.9 percent.
The top place on the Pitney Bowes survey’s list of fast-growing areas is Provo, Utah, with a total 7.4 percent increase. Naples-Marco Island was 14th for its growth from 2000 to 2010, but it did not make the top 50 for growth in the next five years. Detroit and Charleston, W. Va., are the only major metropolitan areas that can expect to see a decline in the number of households over the next five years.
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