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San Juan: A Premier Destination for Commercial Real Estate

Introduction

San Juan, the bustling capital of Puerto Rico, stands as a pivotal location for commercial real estate (CRE) investments. As a central hub in the Caribbean, San Juan boasts a diverse economy driven by sectors such as tourism, pharmaceuticals, and finance. With its vibrant business environment and strategic location, San Juan presents unique opportunities for CRE professionals seeking dynamic markets.

Economic and Industry Overview

San Juan's economy is characterized by its strong emphasis on tourism, pharmaceuticals, and finance, each contributing significantly to CRE demands. The pharmaceutical industry, with global leaders like Pfizer and Johnson & Johnson, drives the need for industrial and office spaces. Tourism supports a thriving retail sector, with demand for hotels and entertainment venues. The presence of financial institutions further accentuates the need for premium office spaces.

The Puerto Rico Industrial Development Company (PRIDCO) and other local agencies actively support economic growth, offering incentives for businesses and developers tapping into these thriving industries.

Strategic Location and Transportation Infrastructure

San Juan's strategic location offers unparalleled access to the Caribbean, mainland U.S., and Latin American markets. Key transportation features include:

Luis Muñoz Marín International Airport: A major gateway for passenger and cargo traffic.
Port of San Juan: One of the busiest ports in the Americas, vital for logistics and distribution.
Highway Network: Well-developed highways connecting San Juan to other key regions in Puerto Rico.

These logistical advantages make San Juan a prime location for distribution centers and warehouses. For more details, visit the Puerto Rico Department of Transportation and Public Works.

Commercial Real Estate Inventory & Zoning

San Juan features distinct CRE submarkets:

Central Business District (CBD): Dominated by office skyscrapers and mixed-use developments.
Santurce and Hato Rey: Known for cultural hubs and healthcare facilities.
Industrial Corridors: Strategically located near the port and airport.

The city actively updates its zoning policies to encourage sustainable growth. For zoning maps and parcel viewers, visit the San Juan Planning Department.

Major Employers and Institutions

San Juan hosts numerous top employers and institutions:

Pfizer, Johnson & Johnson: Leading pharmaceutical firms.
Banco Popular: A major financial institution headquartered in San Juan.
University of Puerto Rico: Driving research and innovation.

These entities significantly influence the demand for commercial spaces. Explore more at the Puerto Rico Economic Development and Commerce Department.

Notable Commercial Developments & Projects

San Juan is home to several large-scale projects:

District San Juan: An entertainment and retail hub.
City View Plaza: A mixed-use development offering office and retail spaces.

These projects often involve public-private partnerships and are located within Opportunity Zones. For more details, visit the San Juan Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, San Juan offers comprehensive resources:

Market Data & Economic Reports

Access robust data sets through:

Brevitas leverages AI-powered aggregation from these public sources, offering exclusive insights. Explore Brevitas-powered dashboards for San Juan here.

Why Use Brevitas for San Juan CRE?

Brevitas is at the forefront of CRE discovery in San Juan, offering:

AI-driven market insights
Real-time market alerts
Smart property pages
Dealroom collaboration

Unique features include auto-generated listing pages, email and landing page tools, and integration with brokers and developers, ensuring exclusive listings and premium exposure.

For more information, visit Brevitas.