all, Zanzibar Commercial Real Estate 0 Listings

All, Zanzibar: A Premier Destination for Commercial Real Estate

Introduction

Zanzibar, an archipelago off the coast of East Africa, has emerged as a unique and valuable destination for commercial real estate (CRE). Known for its strategic location within the Indian Ocean trade routes, Zanzibar offers a dynamic environment for industries like tourism, agriculture, and logistics. The island's burgeoning economy and unique positioning make it an attractive hub for investors seeking diverse CRE opportunities.

Economic and Industry Overview

Zanzibar's economy is largely driven by tourism, agriculture, and trade. The thriving tourism industry, in particular, spurs demand for hospitality-related real estate, including hotels and retail establishments. Agriculture, focusing on spices like cloves, also provides a foundation for industrial and logistics properties. The Zanzibar Investment Promotion Authority (ZIPA) actively encourages development through incentives and initiatives, positioning the island as a burgeoning CRE hub.

Strategic Location and Transportation Infrastructure

Zanzibar's strategic location offers significant logistical advantages. The Abeid Amani Karume International Airport provides direct connections to major cities, enhancing business and tourism travel. The Port of Zanzibar is vital for trade, supporting the distribution and logistics sectors. Key transportation links include:

Commercial Real Estate Inventory & Zoning

Zanzibar's CRE landscape is diverse, with significant submarkets including the historic Stone Town, the industrial areas near the port, and emerging innovation districts. Key asset classes include:

Hospitality and retail in tourist zones
Industrial and logistics near the port
Office spaces in business districts

Zoning regulations are overseen by the Zanzibar Planning Authority, offering incentives for developers. Explore the Zanzibar Zoning Map for more information.

Major Employers and Institutions

Zanzibar's economy is supported by major employers, including:

Zanzibar State Trading Corporation (ZSTC)
Various tourism and hospitality enterprises
The University of Zanzibar

These institutions drive demand for office and commercial spaces. Additional resources can be found through the Zanzibar Economic Development Authority.

Notable Commercial Developments & Projects

Several large-scale projects are reshaping Zanzibar's CRE landscape:

Fumba Town Development, a mixed-use project emphasizing sustainable development
Zanzibar Innovation Park, fostering technology and business growth

Public-private partnerships and Opportunity Zones are integral to these initiatives. Visit the Zanzibar Planning Department for detailed project maps.