Cape Coral has about 236,000 residents and grew roughly 21.8 percent since 2020, which makes it one of the largest cities we serve. But the number that actually matters for commercial work is different: residential property accounts for 91.2 percent of the city's taxable property value, with commercial and industrial making up the remainder.
That is a bedroom community with a city-sized population. There is no central business district, no industrial corridor, and no dense commercial door inventory. The commercial stock is small-format retail, strip centers, medical offices and municipal buildings.
Because what commercial stock exists is aging, and about 25 percent of residents are 65 or over, which sustains a steady base of medical offices, senior living and clinical buildings. Those are door-heavy properties with high traffic and high standards for appearance. The city is roughly half built out across its 120 square miles and projects a population past 375,000 at full buildout, so the commercial base is growing rather than static.