United States Virgin Islands: A Premier Destination for Commercial Real Estate

Introduction

The United States Virgin Islands (USVI), comprising St. Thomas, St. John, and St. Croix, offers a unique blend of commercial real estate opportunities. With a strategic location in the Caribbean, USVI serves as a gateway for trade and tourism. The islands boast a diverse economy centered around tourism, manufacturing, and financial services, making them an attractive hub for various commercial real estate ventures. The region's appeal is further enhanced by its favorable business climate and robust infrastructure, providing an ideal environment for investment in office, retail, and industrial properties.

Economic and Industry Overview

The economy of the United States Virgin Islands is primarily driven by tourism, which fuels demand for retail and hospitality-related real estate. In addition, manufacturing and financial services are significant contributors, with industrial facilities and office spaces being in constant demand. The presence of regional economic development agencies, such as the Virgin Islands Economic Development Authority, supports growth and investment across these sectors through various incentive programs and initiatives.

Strategic Location and Transportation Infrastructure

The USVI's strategic location in the Caribbean offers key logistical advantages, with easy access to North, Central, and South American markets. The islands boast several ports, including the Port of St. Thomas and the Port of St. Croix, which facilitate maritime trade. The Cyril E. King Airport on St. Thomas and the Henry E. Rohlsen Airport on St. Croix provide critical air connectivity. For more information, visit the Virgin Islands Port Authority.

Commercial Real Estate Inventory & Zoning

The USVI's commercial real estate market is segmented into several submarkets, including the central business districts of each island, industrial zones, and tourism corridors. Key asset classes include office spaces, retail properties, and industrial facilities. The islands offer zoning incentives and overlays to encourage development. For detailed zoning maps and parcel information, refer to the USVI Department of Planning and Natural Resources.

Major Employers and Institutions

Major employers in the USVI include the tourism and hospitality sectors, government agencies, and companies in manufacturing and financial services. The University of the Virgin Islands is a significant educational institution contributing to the local economy. For a comprehensive list of businesses and institutions, the USVI Business Directory provides valuable information.

Notable Commercial Developments & Projects

Several large-scale commercial developments are underway in the USVI, including mixed-use projects and redevelopment of tourism infrastructure. Public-private partnerships and Opportunity Zones are instrumental in driving these initiatives. For detailed project information, visit the USVI Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, the USVI offers a range of resources:

• Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

The USVI provides access to a variety of public data sets, including demographic and economic reports available through census.gov and the USVI Open Data Portal. Brevitas leverages AI-powered aggregation from these and other public sources to offer comprehensive market insights. Explore Brevitas-powered dashboards for the USVI here.

Why Use Brevitas for United States Virgin Islands CRE?

Brevitas offers a cutting-edge platform for discovering commercial real estate in the USVI, featuring:

• AI-driven CRE discovery
• Real-time market alerts
• Smart property pages
• Dealroom collaboration

Unique features include:

• Auto-generated listing pages
• Email and landing page tools
• Integration with brokers and developers
• Exclusive listings and premium exposure

Brevitas is the ultimate marketplace for commercial real estate in the United States Virgin Islands, providing unparalleled tools and insights for investors and brokers alike.