Long Island, Bahamas: A Premier Destination for Commercial Real Estate

Introduction

Long Island in the Bahamas stands as a compelling destination for commercial real estate (CRE) investment. Known for its stunning landscapes and thriving tourism sector, Long Island presents unique opportunities for CRE professionals. As a relatively small community with a robust economy driven by tourism, agriculture, and fishing, Long Island is uniquely poised for growth in the commercial property sector, offering diverse investment prospects in retail, hospitality, and mixed-use developments.

Economic and Industry Overview

Long Island's economy is predominantly driven by tourism, with its pristine beaches and cultural heritage sites attracting visitors worldwide. The growing tourism industry increases demand for retail and hospitality properties. Additionally, agriculture and fishing are significant contributors to the local economy, creating opportunities for industrial and logistics real estate. The Bahamas Ministry of Tourism actively promotes Long Island as a key destination, supporting the development of related infrastructure.

Strategic Location and Transportation Infrastructure

Long Island offers strategic logistical advantages, with access to several ports and the Deadman's Cay Airport, facilitating easy travel and shipment of goods. The island's location makes it a gateway to both the southern and northern Bahamas, providing access to a broad labor pool and proximity to major markets. For more information, visit the Bahamas Department of Civil Aviation.

Commercial Real Estate Inventory & Zoning

Long Island features a variety of CRE submarkets, including retail corridors and potential industrial zones. The island is ripe for developing hospitality and mixed-use projects, catering to the increasing tourist influx. While specific zoning maps are not readily available online, local government offices can provide detailed zoning and incentive information for developers.

Major Employers and Institutions

Long Island's economy is supported by major employers in the tourism and agricultural sectors. While there are no universities on the island, the local government and community initiatives play a significant role in economic development. More details can be found through the Bahamas Government Portal.

Notable Commercial Developments & Projects

Recent developments include planned mixed-use projects and hospitality expansions, driven by public-private partnerships aimed at enhancing the island's infrastructure. Long Island is part of the Bahamas' broader efforts to attract foreign investment, including potential Opportunity Zones. For more planning information, consult the Bahamas Investment Authority.

Building Permits, Planning, and Development Tools

For developers interested in Long Island, the following resources are invaluable: - Bahamas Building Control Division - Permitting Portal - Local planning and development codes are accessible through government offices.

Market Data & Economic Reports

Public data sets and economic impact reports, such as those from the Bahamas National Statistical Institute provide valuable insights into the market. Brevitas uses AI-powered aggregation from public data and internal insights to deliver comprehensive market analysis. Explore Brevitas-powered dashboards for Long Island here.

Why Use Brevitas for Long Island, Bahamas CRE?

Brevitas offers a unique platform for CRE discovery in Long Island, Bahamas: - AI-driven CRE discovery: Find properties that meet specific investment criteria. - Real-time market alerts: Stay informed about new opportunities. - Smart property pages and dealroom collaboration: Streamline your investment process. - Exclusive listings and premium exposure: Gain access to unique investment opportunities.

Brevitas provides tools like auto-generated listing pages, email and landing page tools, and seamless integration with brokers and developers to facilitate your commercial real estate transactions in Long Island, Bahamas.