Gary Tasman, a broker with Grubb & Ellis | VIP in Southwest Florida, notes that many of the people investing there--mainly in the greater Fort Myers and Naples areas--are from the Midwest. But Southwest Florida's investors are not limited to those states.
"People from primarily seven states in the Midwest are relocating investments up north," Tasman says. Those states are: Indiana, Ohio, Kentucky, Illinois, Iowa, Michigan and Minnesota.
The uniqueness of what's happening in Southwest Florida is "the undervaluation of land in Southwest Florida is starting to catch up and receive national recognition," he says. "That's driving the value up," more comparable to the rest of the country.
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