Bayamón: A Premier Destination for Commercial Real Estate

Introduction

Bayamón, known as the “City of Cowboys,” stands as a vital hub for commercial real estate in Puerto Rico. As the second-largest city on the island, Bayamón's robust economy is driven by a diverse range of industries including manufacturing, retail, and healthcare. Its strategic location near San Juan and well-developed infrastructure make Bayamón a unique and appealing destination for commercial real estate investments.

Economic and Industry Overview

Bayamón's economy is bolstered by several key industries: - Manufacturing: With a strong presence in electronics, pharmaceuticals, and food processing, the manufacturing sector is a significant driver of demand for industrial spaces. - Retail: As a major commercial center, Bayamón houses numerous shopping centers and retail establishments, creating steady demand for retail property. - Healthcare: The presence of major hospitals and medical facilities generates a need for medical office spaces.

The Puerto Rico Industrial Development Company (PRIDCO) plays a crucial role in fostering economic growth and attracting new businesses to the area.

Strategic Location and Transportation Infrastructure

Bayamón's strategic location offers excellent logistical advantages: - Highways: The city is accessible via major highways like PR-22 and PR-2. - Airports: Proximity to Luis Muñoz Marín International Airport, just 20 minutes away, provides critical access for business travelers. - Public Transportation: The Tren Urbano, a rapid transit system, connects Bayamón to San Juan and other key areas.

For more information, visit the Puerto Rico Department of Transportation.

Commercial Real Estate Inventory & Zoning

Bayamón features diverse CRE submarkets: - Central Business District (CBD): A hub for office and retail spaces. - Industrial Corridors: Areas like Minillas and Los Filtros are central to industrial and logistics operations. - Retail Zones: Locations such as Plaza del Sol cater to retail demand.

The city's zoning maps and parcel viewers are available via the Bayamón Planning Department.

Major Employers and Institutions

Significant entities driving CRE demand in Bayamón include: - Major Employers: Johnson & Johnson, B. Fernández & Hnos., and Walmart. - Educational Institutions: Universidad Central del Caribe and Inter American University of Puerto Rico. - Healthcare Centers: Bayamón Medical Center and HIMA San Pablo Bayamón.

For a comprehensive list, visit the Bayamón Economic Development Office.

Notable Commercial Developments & Projects

Bayamón is home to numerous large-scale developments: - Mixed-use Projects: Developments like Plaza del Sol offer a blend of retail, dining, and entertainment. - Opportunity Zones: Bayamón features designated Opportunity Zones encouraging investment and development.

For project details, explore the Puerto Rico Planning Board.

Building Permits, Planning, and Development Tools

Essential resources for developers include: - Building and Safety Department - Permitting Portals - Parcel Map Viewer / GIS - Planning Commission - Development Code

Market Data & Economic Reports

Bayamón's economic landscape is detailed in various reports: - Census Data - Economic impact reports and open data portals from the Puerto Rico Institute of Statistics.

Brevitas leverages AI-powered aggregation to offer detailed insights into the Bayamón market. Explore Brevitas-powered dashboards for comprehensive data.

Why Use Brevitas for Bayamón CRE?

Brevitas provides unparalleled advantages for CRE professionals in Bayamón: - AI-driven Discovery: Streamlined property searches and real-time market alerts. - Smart Property Pages: Auto-generated listings that enhance visibility. - Dealroom Collaboration: Seamless integration with brokers and developers. - Exclusive Listings: Access to premium property exposure.

Discover the full potential of Bayamón commercial real estate with Brevitas' innovative tools and features.