Estero area the top suburban office market in Eastern US

The Estero area — where Hertz is building its new headquarters — is the No. 1 suburban office market in the East, according to a report released Wednesday by corporate relocation consultant The Boyd Co.

Boyd also named Estero as the suburban market with the lowest operating costs nationally for a corporate headquarters. That likely played a major role in Hertz’s decision two years ago to relocate from Bergen County, New Jersey, said John Boyd, a principal in Princeton, New Jersey-based Boyd. “There’s no industry more cost sensitive” than the automobile sector, he said.

But Estero is also hitting on all eight cylinders when it comes to what CEOs are looking for when they make a move, Boyd said: favorable taxation treatment, a good pool of potential employees and a superior quality of life, he said. “These are the cities our clients are asking us to look at,” said Boyd, who was in town Wednesday to give a presentation on Sanibel to some clients.

Bonita Springs Mayor Ben Nelson said a lot of the area’s successes have been the result of hard work by business and government leaders who started when the recession was still under way. “We’ve all been working toward making this a place where we have the quality of life,” he said. “In 15 minutes you can be wherever you want to be: the Gulf of Mexico, fishing, golf. This is just the place to be, it really is.” FULL ARTICLE