As the largest retail real estate event on the east coast, ICSC New York Deal Making had nearly 10,000 retail professionals from all corners of the US and even some from across the pond, flocking to the Big Apple for the week of December 3rd. This year’s keynote address featured Doug Stephens, founder of Retail Prophet and 20-year veteran of the retail industry.
Also new to their program was “Retail in Focus,” featuring many emerging brands that started out as digitally-native and are now in the various stages of opening strategic physical locations in line with the brands they’ve cultivated on the internet, and where their audience is located.
Our Fernando Toro had the opportunity to sit down and discuss the state of retail in Puerto Rico. Please, see video.
C&W|PCC continues to be a part in the development of the commercial district of Puerta de Tierra area, and with the year end sale of 266 Ponce de León commercial building will bring new opportunity of businesses to the already established tenants, and will bring additional support to the growth of our local economy. If you are looking for a commercial property like this, visit here.
Cushman & Wakefield|Property Concepts Commercialwishes the safety of all our subscribers and clients following the passing of Hurricane Maria. The team and their families have been reported safe and the office is equipped to resume operations at our regular office hours from 8:30 AM to 6:00 PM. For property inquiries, follow ups, pending negotiations or to solicit our services you may contact us at the following directory:
Craft brewing is not new. Locally or regionally produced beers with a limited distribution have had a following for quite a while. But over the last decade craft brews have experienced a meteoric increase in popularity. According to the Brewers Association, the number of craft breweries in the U.S. has more than tripled over the last 10 years. This explosion of growth has manifested itself in many forms and formats—from small, artisanal beer-tasting rooms to fully functioning large-scale industrial brewing facilities.
Thirsty for more information? Grab a pint and click below to explore the Craft Brewing Revolution with Cushman & Wakefield.
View the Cool Streets: Craft Brews Edition Video on Cincinnati — OUT NOW!
Joining Cushman & Wakefield in the Cool Streets movement is this recent lease: a pastry/coffee shop concept mixed with a clothing boutique.
The Cool Streets movement seeks to connect with the rising millennial consumer population that’s being driven by dramatic demographic shifts and the preference for urban living. This pastry/clothing shop saw itself in the property that’s so aptly located in one of Puerto Rico’s hottest, unconventional, rising urban retail markets.
Calle Loíza stretches between the tourist hubs of Condado and Isla Verde. The neighborhood has seen an important number of new developments that have injected back vibrancy into this well-known sector of San Juan.
Fairy Cakes is expected to commence operating between April-May.
Added to the recent activity is this 12,659 SF three story, reinforced, concrete building with a small warehouse, a courtyard and 9 parking stalls. There’s a very positive projection for this closing year, and potential buyers are seeing the opportunity in different markets. This property’s highly accessible and centric location in the ever-growing Santurce Ward is just steps away from schools, banks, dense residential areas, and high traffic commercial districts.
If this property is of your interest, here’s a list of similar listings still available:
While economic recovery in Puerto Rico still remains uncertain, we continue to see optimism among investors in commercial real estate. Recently sold listings in our office show us that, regardless of the fiscal crisis and the related complications, business owners, entrepreneurs, investors, and developers are resilient, seize opportunities, & are quickly adapting to the ever changing economy. We’re very proud to be part of this process, as it’s a positive impact on commercial real estate market. Below are two of the deals we closed in the past few days that reflect the aforementioned activity.
Fully Leased Shopping Center in San Sebastián, Puerto Rico
Agricultural Land in Santa Isabel, Puerto Rico
To see the other properties that we have available, visit our listings here
We’d like to formally announce one of our most recent listings. This property, located in Cerrillos, Ponce, is ideal for a residential development project, as all the utilities are set up. It’s divided in two lots, one is a designated water retention pond. Below are the full specs.
Total Area Available 69.95 cuerdas
Water Detention Pond Available
Access to basic utilities typical for residential development
Within close proximity to Walmart, PR-14, and two large residential development sites.
From drones, to e-commerce, & the changing workforce, this article is a comprehensive research on insights & trends from Cushman & Wakefield’s Global Real Estate Experts. Read the interactive publication below. Select Full Screen Mode for better text readability. Or download the full publication here.