#commercial real estate jamaica

[remaxelitejm]

Top 04 Commercial Real Estate Listings by Remax Elite Jamaica

Finding the proper place for your business is essential for success in the constantly shifting commercial real estate industry. RE/MAX Elite Jamaica, a trusted name in the sector of Jamaican real estate, put together a list of the top four commercial spaces for rent in Kingston, Jamaica that stand out as excellent prospects for businesses looking to grow in Jamaica's thriving market. Let's look at these exceptional properties that exemplify excellence in location, facilities, and financial opportunities.

Top 04 Commercial Real Estate Listings

1. Commercial Bldg/Offices For Rent in Hope Road, Kingston 10 

JMD $18,597,407 

A brand new 58,000 square-foot modern building on Hope Road, just across from Jamaica House. This structure is appropriate for B.P.O., government, and corporate organizations. This ten-story structure will be available for leasing in the spring of 2024.

2. Commercial Bldg/Offices For Rent in Harbour City

JMD $469,118

Harbour City is a commercial attraction in the St. James city of Montego Bay. The junction of Howard Cooke Highway and Market Street consists of four blocks of magnificent beachfront and highway condos. Harbour City lies adjacent to Harmony Park, ten minutes from Sangster International Airport, just two blocks from Sam Sharpe Square, and five minutes from the Fairview Shopping Centre. There are two retail and office space levels ranging in size from 1016 to 5850 square feet. There are over 200 parking spots, the bulk of which are on the third and fourth levels for convenient parking, with a combination of broad stairs and three elevators for simple and convenient access to retailers. 

3. Commercial Bldg/Offices For Rent in Constant Spring Road

JMD $13,751,859

Finally, Kingston 8's need for more business space has been satisfied! A newly constructed 6-story commercial facility of about 42,888 square feet is offered on 4 levels. The structure is appropriate for B.P.O. operations, government offices, or corporate organizations. Its unique entry will have two separate elevators and a lobby area. The amenities include a backup water supply for potable and fire, a generator, 24-hour security, 40 restroom stalls, and enough parking spots. Rent is $25 per square foot each year, with maintenance. Completion is scheduled for the winter of 2023. Make your offer immediately since spaces like this are difficult to come by and few and far between!

4. Commercial Bldg/Offices For Rent in Eastwood Park Road

JMD $298,585 

Anchor store on the ground floor. This condo is near Half Way Tree's new Pristine Plaza entrance! Because it is the first business on the ground, it has the most visibility and exposure. This fantastic opportunity awaits your new or current company. It sees a lot of foot traffic because of its closeness to the Half Way Tree Transport Center. All important thoroughfares are easily accessible. This apartment is 970 square feet. (There is a 1080 Sq Ft Shop above this unit on the first floor that is also available; both teams can be linked together; see information on M.L.S. # 70057) Elevator, Generator, Underground and Surface Parking, 24 Hour Security, Underground Water Reserve, and Rooftop Deck are among the amenities. All prices include maintenance and G.C.T. Remittance, Doctors Office, Spa, Aesthetician, Dentist, Travel Agency, Ice Cream and Sandwich Bar, Loans Agency, Shipping Company, Clothing Stores, and more are now operating in the plaza. Call us right away!

Conclusion

RE/MAX Elite Jamaica has compiled a list of commercial properties for rent in Kingston, Jamaica, that reflect the standard while offering profitable prospects for businesses of all sizes. These listings appeal to various business requirements, whether you're looking for the vibrant city life of Kingston, the peaceful beauty of Montego Bay, the tourism hub of Ocho Rios, or the industrial efficiency of Spanish Town. Each property showcases RE/MAX Elite's commitment to offering excellent real estate solutions, which makes it a trustworthy partner for those wishing to establish a spot in Jamaica's expanding commercial scene. Explore these fantastic commercial real estate options today to take the next step toward your business's success.

[cbjamaica]

The Benefits of Investing in Commercial Real Estate In Jamaica

Jamaica is a Caribbean country famous for its white sandy beaches, rain forests, and hills and valleys. Jamaica has a rich tourism history, with many resorts and vacation homes attracting people to its shores. However, the country's economy is not limited to just tourism: there are various commercial opportunities available for foreigners looking to invest in the country. There are many ways to invest in Real Estate, but there are a few that stand out among the rest. One of those ways is investing in commercial real estate in Jamaica. Check out this blog article to find out the benefits of investing in commercial property and how it can help you grow your business.

The Benefits of Investing in Commercial Real Estate

Investing in commercial real estate can be a great way to earn a passive income and build your wealth. Jamaica is a beautiful country with a lot to offer investors. Here are some of the benefits of investing in commercial real estate in Jamaica:

The climate is ideal for year-round rental income.

There is no need for expensive renovations or repairs as the weather is perfect for keeping buildings in pristine condition.

The Jamaican government offers tax incentives for investing in commercial real estate, which can help you save money and maximize your returns.

There is a growing economy and population in Jamaica, which means there is a high demand for commercial space. This can lead to higher rental prices and increased profits for investors.

Jamaica is a popular tourist destination, which means there is always a steady stream of potential tenants looking for short-term rentals. This can provide you with a consistent income and help you offset any vacancy costs.

If you're considering investing in commercial real estate, Jamaica should definitely be on your radar. With its favorable climate, tax incentives, and growing economy, it's an ideal place to invest and earn a solid return on your investment.

Why Choose Commercial Property?

When it comes to real estate investing, there are many different options to choose from. But why should you consider commercial property? Here are some of the benefits:

Commercial property can be a great source of income. If you own a commercial building, you can lease out space to businesses and earn rental income. This can provide a steady stream of income that can help you reach your financial goals.

Commercial property can appreciate in value. Just like other types of real estate, commercial property can go up in value over time. This means that your investment could grow in value, providing you with a nice return on your investment.

Commercial property can be a good diversification tool. By investing in commercial real estate, you can diversify your portfolio and reduce your overall risk. This is because commercial property tends to move independently of the stock market, so it can help balance out your overall portfolio.

Commercial property can offer tax advantages. In some cases, you may be able to get favorable treatment when it comes to taxes on your commercial property. This can further improve your return on investment.

If you're looking for a potential real estate investment, commercial property should definitely be

What are the Main Risks of Investing in Commercial Property?

There are a number of risks associated with investing in commercial real estate, including the potential for the property to lose value, the possibility of tenant default, and the potential for damage to the property. However, these risks can be mitigated through careful research and due diligence.

Conclusion

There are many benefits to investing in commercial real estate in Jamaica. The climate is ideal for businesses, the infrastructure is strong, and the Jamaican people are known for their hospitality. If you're thinking about investing in commercial real estate, Jamaica should definitely be on your radar.

[decordivadelights]

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In the past few years, our products have been sold to home builders, diverse property companies, real estate firms, and other customers and have been well received. ConstructionServiceR is a multi-faceted construction company that provides concrete foundations, custom construction, alterations and general contracting services in western Maine. CCZX is a branding and design agency that works with ambitious organizations with a long history to help them connect with changing audiences. RenovationSMProject is an Architect Studio located in Dublin, which specializes in home renovation, expansion, and is interested in energy renovation projects. ILDPP offers real estate services to buyers and sellers of houses, condominiums, foreclosed houses and properties in Naples and Southwest Florida. FKQQ specializes in providing inspection, testing, demolition and construction services for residential and commercial properties in and around Binghamton, New York.

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[jamaicahomescom]

The Future of Real Estate in Jamaica

The real estate market in Jamaica is on the cusp of transformative growth. Fueled by rising investments, robust demand for residential and commercial properties, and strategic infrastructural developments, Jamaica is set to become a premier destination for real estate investment in the Caribbean. This piece explores the potential landscape of Jamaican real estate by 2030 and extends the vision to…

[sellmycommercialpropertyusa]

How to Sell My Commercial Property Fast Nationwide USA

Sell My Commercial Property for Cash Nationwide USA. We Buy Commercial Properties. Fair Cash Offers. We Buy Commercial Real Estate. Any Location, Commercial, Houses & Land: Residential, Commercial, Industrial, Agricultural. Sell Commercial Property Fast!

Sell Commercial Real Estate

How To Turn A Vacant Commercial Property Into Cash Fast Nationwide USA

Do you have a fixer-upper or vacant commercial property? Figure out how to turn your commercial properties into cash the fast and simple way! Inside our latest post, we will explore why more and more people are looking to a quick sale for their commercial property.

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[centuryjm21]

Top 05 Jamaica Luxury Real Estate Listings for Sale

Jamaica, with its beautiful landscape, vibrant culture, and welcoming hospitality, is increasing in popularity as a luxury Jamaican real estate destination. Century 21 Jamaica is one of the region's best real estate agents in Jamaica, recognized by its commitment to excellence and unparalleled listings. In this piece, we will look at Century 21 Jamaica's top five luxury real estate listings, providing insight into the beautiful living experiences that await potential buyers.

Top 05 Jamaica Luxury Real Estate Listings

1. APARTMENT FOR RENT KINGSTON & ST. ANDREW

JMD $323,211

The Sovereign Centre Shopping Mall is easily accessible by foot from this relatively new apartment. With porcelain tiles throughout, contemporary bathroom fixtures and fittings, in-unit laundry, and a stunning view of a small section of the city, the unit has two bedrooms and 2.5 bathrooms. Quartz worktops and hardwood cabinets with views of the living room and dining area can be found in the kitchen. Additional features include underground parking, a swimming pool, elevators, water tanks, water heaters, ceiling fans in every room, and security. The rental apartment is not furnished. For discriminating locals or foreigners alike, this is the perfect house. Give us a call to schedule a viewing today!

2. HOUSE FOR SALE KINGSTON & ST. ANDREW

JMD $35,000,000

This place could almost be referred to as a "Old school classic." Bring back memories of Sunday afternoon family get-togethers when your uncle would set up big speakers and play classic music that, of course, only the elderly knew. Dominoes would be played under the mango tree, ludo would be played under the breadfruit! While mommy cooks three meats, the aunts fight over who makes the best rice and peas and who is incapable of baking. Although there is a strong sense of family, the history needs to be updated. Are you the one? Who is the visionary that can transform this two-family home with two bedrooms and one bathroom, with a kitchen on each side and a dining/living room combination on the larger side, along with a sizable verandah and a single car garage with additional space for parking outside? This house, with its perfect placement on the lot, allows you to park and drive in the back? This house has two bathrooms, two kitchens, four bedrooms, and a partially completed addition that could add two more bedrooms. 

3. HOUSE FOR SALE MANCHESTER

JMD $29,500,000

A beacon of beauty, practicality, modern sophistication, and secure apartments emerges in the fabled cool Mandeville hills. These apartments feature a really amazing floor plan, lots of windows, and a roof terrace with views of the hillside for entertainment. Belair, West Indies College Preparatory School, which has an outdoor pool and plenty of parking, is three minutes away from NCU. An engineer constructed the 2 bedroom, 2.5 bathroom apartment with great care and attention to detail, making it very durable. For those who prefer to live in a gated community and experience the charms of a centrally located mandeville, this is an excellent investment. It is near banks, eateries, and entertainment venues.

4. TOWNHOUSE FOR SALE KINGSTON & ST. ANDREW

JMD $35,000,000

IN HOLD...In an exclusive gated community in the heart of New Kingston, this well-kept townhouse is close to both commercial and recreational areas. The complex is family-friendly and prepared to give a small family, whose main source of income is the KSA metropolitan area, a place to live.

5. APARTMENT FOR RENT KINGSTON & ST. ANDREW

JMD $303,972

In a gated community in Kingston 6, an elegantly furnished two-bedroom, two-bathroom apartment is available for rent. The complex features underground parking, a generator that powers all common areas and apartment units, a pool, a gym, elevators, and round-the-clock security. This unit is situated in the middle as well. Every room, including the living room, has air conditioning. Give your agent a call right now!

Conclusion

Century 21 Jamaica's collection of outstanding properties aims to change the luxury real estate landscape in Jamaica. Whether you're looking for an oceanfront retreat, an urban oasis, or a golfer's paradise, these top five properties represent the pinnacle of Jamaican luxury living. With Century 21 Jamaica, you can explore the luxury, appreciate the lifestyle, and make your goal of owning a piece of Jamaican paradise a reality.

[parris9]

Top Divorce Lawyer at ParrisWhittaker: Guiding You Through Challenging Times

Top Divorce Lawyer at Parris Whittaker: Guiding You Through Challenging Times

 Our experienced divorce lawyers are committed to providing expert legal counsel and support during the most challenging moments. Trust in the best divorce lawyer at Parris Whittaker to protect your interests and guide you through the process.

Protect Your Creative Work with Parris Whittaker's Copyright Lawyers

 Our copyright lawyers are dedicated to safeguarding your intellectual property. Whether it's protecting your artistic creations or business assets, we provide the legal expertise you need to secure your copyrights.

Navigating Maritime Law: Your Trusted Team of Bahamas Maritime Lawyers

Your Trusted Legal Advisors: Parris Whittaker's Best Lawyers in The Bahamas

 When you seek the best lawyers in Bahamas, turn to Parris Whittaker. Our team of accomplished lawyers is dedicated to delivering excellence across various legal domains.

Experienced Divorce Lawyers in Nassau: Your Advocates for a Fresh Start

 Our divorce lawyers in Nassau are here to support and guide you through the divorce process. We provide compassionate legal assistance to help you transition to a new chapter in life.

Divorce Made Easier: Parris Whittaker's Expert Divorce Lawyers in Nassau, Bahamas

 Navigating divorce proceedings is easier with our skilled divorce lawyers in Nassau, Bahamas. We ensure your rights are protected and your interests are represented.

The Bahamas' Premier Divorce Lawyers: Parris Whittaker's Expertise You Can Trust

 Parris Whittaker boasts a team of seasoned divorce lawyers in The Bahamas. We are committed to helping clients navigate the legal complexities of divorce with confidence.

Parris Whittaker: Your Partner in Commercial Litigation Excellence

 When commercial disputes arise, Parris Whittaker's commercial litigation law firm provides strategic legal counsel to resolve matters efficiently and protect your business interests.

Navigating Immigration with Confidence: Parris Whittaker's Immigration Lawyer in Nassau, Bahamas

Real Estate Transactions Made Simple with Parris Whittaker's Bahamas Real Estate Lawyer

 Parris Whittaker's real estate lawyer in the Bahamas is your trusted source for legal support in property transactions. We ensure a seamless and secure real estate  lawyers in jamaica also experience.

Understanding Maritime Law: What Does a Maritime Lawyer Do at Parris Whittaker?

What Does a Maritime Lawyer Do? Maritime lawyers play a vital role in legal matters related to the sea. Discover the responsibilities and expertise of a maritime lawyer at Parris Whittaker in navigating maritime law.

Parris Whittaker: One of The Bahamas' Premier Law Firms

 As one of  premier law firms in the bahamas, Parris Whittaker offers a wide range of legal services. We are committed to delivering excellence and solutions for various legal needs.

Protect Your Brand with Parris Whittaker's Trusted Trademark Registration Lawyers

 Our trademark registration lawyers are dedicated to safeguarding your brand's identity. From registration to enforcement, we offer the legal expertise you need to secure your trademarks.

Parris Whittaker: A Leading Name Among Bahamas Law Firms

 Parris Whittaker is a prominent name among Bahamas law firms. With a commitment to excellence, we provide comprehensive legal services to meet the diverse needs of our clients.

Your Partner for Business Success: Parris Whittaker, the Leading Business Law Firm in Bahamas

 Parris Whittaker is the business law firm in The Bahamas that offers strategic legal counsel to enhance your business's success and protect your interests.

Company Lawyers at Parris Whittaker: Your Trusted Advisors in Legal Matters

 Parris Whittaker's company lawyers provide expert legal guidance to businesses. We are dedicated to safeguarding your company's interests and ensuring legal compliance.

Parris Whittaker: Your Employment Lawyers in The Bahamas for Legal Clarity

Nassau Bahamas' Legal Partner: Parris Whittaker, Your Trusted Lawyer

 As your trusted lawyer in Nassau, Bahamas, Parris Whittaker is committed to delivering excellence in legal services. We provide expert guidance for various legal needs.

Family Lawyers in The Bahamas: Parris Whittaker, Your Compassionate Legal Advocates

 Parris Whittaker's family lawyers in  Bahamas are dedicated to providing compassionate legal support. We guide families through legal matters with sensitivity and care.

Protecting Your Family's Best Interests: Parris Whittaker's Family Custody Lawyers

 Our family custody lawyers are focused on safeguarding the best interests of your family. We provide expert legal counsel in custody matters to ensure a fair and

Experienced Bahamas Attorneys at Parris Whittaker: Your Legal Partner in the Bahamas

 Our team of dedicated Bahamas attorneys at Parris Whittaker is here to provide expert legal guidance and representation for individuals and businesses. We offer a wide range of legal services, ensuring you have the support you need in the Bahamian legal landscape.

Top Lawyers in Jamaica: Parris Whittaker's Legal Excellence Beyond Borders

 Parris Whittaker extends its legal expertise to Jamaica, offering top lawyers in jamaica who excel in various practice areas. Our commitment to exceptional legal services knows no boundaries, ensuring you receive the best legal representation.

Trusted Lawyers in the Bahamas: Parris Whittaker's Legal Prowess

 When you need reliable lawyers in  Bahamas, turn to the seasoned lawyers at Parris Whittaker. We are dedicated to upholding the highest standards of legal expertise and are here to support your legal needs.

Parris Whittaker: Your Choice Among Law Firms in Barbados

 Parris Whittaker is a legal leader in the Caribbean, including Barbados. Our law firm  in Barbados offers a wealth of legal knowledge and experience, ensuring that you have access to top-tier legal services in the region.

Working Hand in Hand with the Attorney General Bahamas: Parris Whittaker's Legal Collaboration

 Parris Whittaker collaborates with the Attorney General bahamas' Office in the Bahamas to provide comprehensive legal support. Our legal team works in partnership with the government to address a wide range of legal matters.

Navigating Bahamas Property Taxes with Parris Whittaker: Your Legal Taxation Partner

 Understanding and managing property taxes in the Bahamas is made easier with the guidance of Parris Whittaker. We offer expert legal advice and support to address bahamas property tax concerns.

Obtaining a Business License in the Bahamas: Parris Whittaker's Legal Expertise

 Parris Whittaker assists businesses in obtaining the necessary business licences in Bahamas. Our legal team simplifies the process and ensures that your business is in compliance with local regulations.

Parris Whittaker's Civil Litigation Attorneys: Your Advocates in the Courtroom

 When you face civil litigation attorneys challenges, our skilled attorneys at Parris Whittaker are prepared to advocate for your rights and interests. We have a strong track record of success in civil litigation cases.

Estate Planning Made Easy with Parris Whittaker's Experienced Lawyers

 Our estate planning lawyers at Parris Whittaker are dedicated to helping you secure your family's future. We provide expert legal guidance in creating comprehensive estate plans tailored to your needs.

Compassionate Family Law Attorneys at Parris Whittaker: Your Supportive Legal Team

 Parris Whittaker's family law attorneys understand the sensitive nature of family legal matters. We offer compassionate legal support to help you navigate family law issues effectively.

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Robust and effective drafting of contract terms are imperative for smooth commercial relationships. A clause providing for a success fee is likely to be a key factor persuading the parties to complete the contract – it will be a valuable condition. Unsurprisingly, a dispute as to whether or not a success fee has fallen due can escalate, as happened in a recent case.

The Bahamas Bar Association, the leading professional association for attorneys in the Bahamas is delighted to confirm the re-election of Jacy Whittaker as its Vice President after a contested election. Whittaker, Bahamas attorneys an esteemed member of the legal community, has balanced this role with his responsibilities at ParrisWhittaker since 2020. The Association is grateful for Whittaker securing his seat among other contested roles, reinforcing the members’ trust and support.

 Real Estate Attorneys possess specialized knowledge in property law, which is essential for handling complex transactions. They understand the legal aspects of buying, selling, leasing, and financing properties, ensuring that all legal requirements are met and protecting their client’s interests.

But you don’t have to be an attorney to learn the ins and outs of property law. Plenty of online courses are available that can educate you, answer commonly asked questions, and provide important information for buyers and sellers.

Bahamian international business companies (IBC) operating in other jurisdictions will, from January 1 2024, be taxed by The Bahamas’ Department for Inland Revenue on their overseas earnings for the first time. The experienced commercial lawyers at ParrisWhittaker advise businesses across all sectors operating in and from The Business Law Firm Bahamas and can explain how to prepare ahead of the new levy.

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The award-winning commercial litigation lawyers at ParrisWhittaker are experienced in securing disclosure orders and successfully defending unwarranted applications for disclosure in commercial disputes.

The Bahamas Supreme Court has made clear1 in a helpful decision that possessing the belief that the other side has further undisclosed information or documents, without supporting evidence, is not enough for the court to order further disclosure.

Companies and senior figures within the organisation are reminded that if an individual assumes a certain level of management responsibility, they may be deemed a de facto director – accepting the risks as if a formal director. The specialist company lawyers at ParrisWhittaker are experienced in advising companies and directors through the Turks & Caicos Islands on the full range of corporate law.

 ParrisWhittaker is proud to announce its support for the Caribbean Council’s annual receptionThe Caribbean Council is a London-based membership organization working to build beneficial relationships and two-way trade and investment between international companies and their Caribbean and Central American partners.

The Caribbean Council has been connecting quality businesses in the Caribbean and Central America since according to Rules Of The Supreme Court Bahamas. The Caribbean Council has a full-time staff based in London, complemented by a regional network of on-the-ground consultants and associates working across key areas of industry and government.

For expert advice on director disputes, speak to the experienced corporate and commercial litigation solicitors at ParrisWhittaker. You can contact us at info@parriswhittaker.com or +1.242.352.6112

Parris Whittaker's Litigation Attorneys: Your Strong Advocates in Legal Disputes

 Our litigation attorneys at Parris Whittaker are well-versed in the complexities of legal disputes. We provide strong legal representation to protect your rights and interests in litigation cases.

Parris Whittaker's Personal Injury Lawyers: Your Legal Allies in Injury Claims

 When you've been injured, our personal injury lawyers at Parris Whittaker are here to fight for your rights. We have a strong track record of success in personal injury claims.

Parris Whittaker: Your Trusted Real Estate Law Firm in the Caribbean

 Parris Whittaker is a leading real estate law firm in the Caribbean. We offer a full range of legal services related to real estate transactions, ensuring that your property matters are handled with expertise.

Navigating the Rules of the Supreme Court Bahamas with Parris Whittaker

 Parris Whittaker is well-versed in the Rules of the Supreme Court in the Bahamas. Our legal team provides expert guidance to help you understand and comply with the court's regulations.

Parris Whittaker's Will & Estate Lawyers: Crafting Secure Futures

Parris Whittaker's Will Lawyer: Creating Legally Sound Wills

 When it comes to wills, you can trust the expertise of Parris Whittaker's will lawyer. We work closely with clients to draft legally sound wills that reflect their wishes and protect their legacies.

visit : https://telegra.ph/Legal-Excellence-at-Parris-Whittaker-Your-Trusted-Law-Firm-10-18

[realestatelawyernysus]

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Queens Real Estate Law Firm Offering Security in Difficult Real Estate Transactions

Real estate lawyers mainly help commercial, residential, and industrial real estate professionals in closing complicated transactions and preventing litigation. R.A Esq real estate lawyers are also guiding New Yorkers through the procedure of selling and purchasing real estate. Robert Aronov & Associates, PC also guarantees a complication-free procedure because their experienced lawyers will carry out a meticulous analysis to ensure the property you buy is free of any liens, defects, judgments, free of and violations.

[sapples-photography]

I turned my lens on Counsel Naudia Sinclair @naudsi! Naudia wears many hats but I know her as an amazing friend. Among many other things she is a Real Estate and Commercial Lawyer with more than two decades at the Bar! . . . #portraitartist #portrait #headshots #photography #portraitphotography #headshotphotographer #professionalheadshot #corporateimage #photoshoot #jamaicanlawyer #headshotphotography #realestatelawyer #portraits #jamaicanphotographer #LinkedInprofile #digitalprofile #womeninlaw #sapplesphotography #courtneysappletonphotographer #studiophotography #beauty #fashion #actorslife #profilephoto #corporatelife (at Kingston, Jamaica) https://www.instagram.com/p/CqGB2RxOgcB/?igshid=NGJjMDIxMWI=

[beluxurycollection]

Explore a world of original Caribbean stories authored by our expert Magazine. Our publishing division, which was established in 2013, offers first-rate information on real estate investment, travel trends, regional art, and other topics. Michael Moodie, a lifestyle photographer from the Caribbean, believes that Jamaica's breathtaking beauty extends far beyond the confines of its overly commercial all-inclusive resorts.

[remaxelitejm]

Real Estate Jamaica- Specializes in helping you in finding houses in Jamaica to buy. We are committed to providing outstanding service and supporting you throughout the entire buying or renting process and have a wide range of homes for sale in Jamaica.At RE/MAX Elite, we comprehend that locating the ideal house for sale in Jamaica requires specialized knowledge and individualized care.Your individual requirements and needs will be met by the property you locate with the help of our team of experienced professionals who will help you through the real estate market.

[cbjamaica]

Industrial Real Estate Boom in Jamaica

Jamaica's industrial real estate sector is now booming, with commercial facilities such as warehouses, manufacturing, distribution, and logistics centers proving robust.

Indeed, the need for warehouse and logistics facilities is driven by several causes, including increased online shopping and inventory stockpiling. With many malls, restaurants, and retail outlets closed or operating on limited hours, and people fearful of getting infected with the virus, internet purchasing has increased.

This is causing manufacturers and distributors to scurry for more warehouse capacity in order to stock up on goods to satisfy demand and so has raised the demand for the commercial properties for rent in Jamaica.

The epidemic has also caused unprecedented disruption in global supply chains, making it difficult for manufacturers and merchants to obtain raw materials and completed items on time, if at all.

In recent years, foreign interest in Jamaica's property market has increased. Foreign homebuyers are drawn to vacation houses in the Montego Bay region, Ocho Rios, and Negril. According to Nicola Delapenha of Coldwell Banker Jamaica, interest in Port Antonio is gradually increasing due to airport development in the vicinity.

The Shift in Demand for Industrial Real Estate

It is widely acknowledged that these shifts have increased both short- and long-term demand for industrial real estate properties, allowing companies to better serve their customers, bring outsourced production or products closer to their customer base, and expand into new markets to capitalize on opportunities. According to NCB Cap Market, "demand for industrial real estate is expanding as retailers, manufacturers, distributors, and logistics firms increase their capacity to accommodate larger inventory levels of raw materials, in-demand consumer items, and more."

Its impact on commercial real estate is divided into two markets. While demand for some commercial buildings, such as warehouses, manufacturing, distribution, and logistics centers, has remained strong, demand for others, such as hotels and corporate offices, has decreased slightly. This has occurred as corporations adopt remote work and lower their demand for office space, while the hotel industry continues to suffer from a drop in tourism.

The current boom in industrial real estate in Jamaica is not unique to the island; it is occurring in many other nations as well. This is evidenced by recent research conducted by Jones Lang LaSalle (JLL) Incorporated, a multinational commercial real estate services business headquartered in the United Kingdom with offices in 80 countries.

Study showing strong take-up warehouse space

According to CBRE Research2, $1 billion in new e-commerce sales produces 1.25 million square feet of warehouse space demand. Furthermore, it is estimated that e-commerce sales alone would climb by $1.5 trillion over the next five years, necessitating 138 square meters of new logistics or warehouse space worldwide to support the expansion of e-commerce sales. This will increase new building, which is already at an all-time high. This demand may raise industrial property prices and rental rates, increasing the return on investment for commercial real estate owners.

Conclusion:

There is a huge opportunity in the industry of Jamaican real estate and one should really move forward with the idea of making an investment in Jamaica.

[nyc-cpw]

NYC neighborhoods by the foot

As the city’s real estate market adjusts to new realities, TRD looked at key residential and commercial price points in 16 neighborhoods By Adam Pincus and Yoryi De La Rosa | May 01, 2017

Residents, commuters and tourists in New York City share the streets and sidewalks, but the buildings they own, rent, work in and shop in are worlds apart.

To better understand the range of property values in the five boroughs — as well as some of the differences within a single district — The Real Deal analyzed 16 neighborhoods, from the Upper West Side to Gravesend, Brooklyn.

The greatest disparity was in retail. While store tenants are asked to shell out more than $4,400 per square foot along Upper Fifth Avenue in Manhattan, they can lease space for as little as $10 per foot in St. George, Staten Island.

By contrast, average office rents have the tightest range citywide — from a high of about $82 per square foot in Midtown to a low of roughly $22 in Staten Island and the Bronx.

There’s also a remarkably stable ratio between the price of buying a home and renting one in these select neighborhoods.

The rental price per foot ranges from about 3 percent to just over 6 percent of the average residential sales price in 13 of the neighborhoods. But in Parkchester and Mott Haven/Port Morris in the Bronx and in Jamaica, Queens, a renter is paying 10 to 13 percent per foot of the average sales price — an indication that sales prices are relatively lower in those neighborhoods compared to rentals.

Meanwhile, sales prices in the 16 neighborhoods ranged from a low of $183 per foot in Parkchester to more than $2,000 per foot in Midtown.

NYC neighborhoods by the foot

https://therealdeal.com/issues_articles/nyc-neighborhoods-by-the-foot/

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