Viejo San Juan: A Premier Destination for Commercial Real Estate

Viejo San Juan, the historic district of Puerto Rico's capital city, San Juan, offers a unique blend of rich history and modern commercial real estate opportunities. With its strategic coastal location, Viejo San Juan is not only a cultural gem but also a burgeoning hub for various industries, making it an attractive destination for commercial real estate professionals. The city's economy benefits from its vibrant tourism industry, government services, and burgeoning tech sector, providing a robust foundation for diverse commercial property types.

Economic and Industry Overview

Viejo San Juan's economy is primarily driven by:

• Tourism and Hospitality: The district's historic and cultural attractions draw millions of visitors annually, driving demand for retail and hospitality properties.
• Government and Services: As the administrative center of Puerto Rico, the presence of numerous government offices increases the demand for office spaces.
• Technology and Innovation: Emerging tech startups are beginning to establish a presence, fostering demand for innovative office spaces and co-working environments.

The Puerto Rico Department of Economic Development and Commerce continuously implements initiatives to stimulate economic growth, impacting the demand for commercial real estate.

Strategic Location and Transportation Infrastructure

Viejo San Juan's strategic location offers several logistical advantages:

• Ports: The Port of San Juan, one of the busiest in the Caribbean, facilitates significant cargo and cruise ship activity, benefiting retail and industrial properties.
• Airports: Proximity to the Luis Muñoz Marín International Airport enhances connectivity and supports business travel.
• Highways: Access to major highways connects Viejo San Juan to the rest of the island, improving labor pool access and distribution.

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

Commercial Real Estate Inventory & Zoning

The commercial real estate landscape in Viejo San Juan includes:

• Historic CBD: Characterized by colonial architecture, this area is popular for boutique retail and unique office spaces.
• Industrial Properties: Limited but in demand due to proximity to the port.
• Mixed-Use Developments: Increasingly popular, combining residential, retail, and office spaces.
• Zoning: Recent incentives are aimed at revitalizing historic properties for commercial use.

Access the City of San Juan Zoning Maps for detailed zoning information.

Major Employers and Institutions

Key drivers of CRE demand include:

• Government Agencies: Numerous federal and local government offices.
• Tourism Companies: Multinational hotel chains and tour operators.
• Educational Institutions: The University of Puerto Rico provides a steady influx of professionals and innovation.

Explore the San Juan Economic Development Office for more insights.

Notable Commercial Developments & Projects

• Mixed-Use Projects: Integrating residential, commercial, and cultural elements.
• Historic Renovations: Transforming old buildings into modern commercial spaces.
• Opportunity Zones: Offering tax incentives for new developments.

For more details, visit the San Juan Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors:

• San Juan Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Access valuable data:

• Census Bureau for demographic insights.
• San Juan Open Data Portal for local economic reports.

Brevitas utilizes AI-powered aggregation from public data and internal insights, offering comprehensive Brevitas-powered dashboards for detailed market analysis.

Why Use Brevitas for Viejo San Juan CRE?

Brevitas provides an advanced platform for CRE professionals, featuring:

• AI-driven CRE Discovery: Efficiently find properties tailored to your needs.
• Real-time Market Alerts: Stay updated on the latest listings and market trends.
• Smart Property Pages: Access detailed property insights.
• Dealroom Collaboration: Facilitate seamless transactions.

Unique features include:

• Auto-generated Listing Pages
• Email and Landing Page Tools
• Integration with Brokers and Developers
• Exclusive Listings and Premium Exposure

For more information, explore Brevitas for Viejo San Juan CRE.