Puerto Rico
Spain
DEMOGRAPHICS
Puerto Rico
3,400
3,725,789
1,181,112
$27,017 USD
689,086
13.2%
Coldwell Banker Commercial
KF Real Estate
530 Constitution Ave.
San Juan, PR 901
(787) 433-0077
www.cbcommercialpr.com
CONTACT
OFFICE
Vacancy
P
Absorption
P
Rental Rates
Q
INDUSTRIAL
Vacancy
P
Absorption
P
Rental Rates
Q
MARKET HIGHLIGHTS
•;Unemployment rate dropped
by 3% with positive job growth.
•;Puerto Rico SBA loans up 36%
with small business owners
projected to absorb some
vacant commercial lease units.
•;Puerto Rico government
purchased the old Roosevelt
Roads Naval Base on the
east side of the island. The
government invested $2.5
Billion in the 8.654 acres to
promote and sell Land for
commercial and residential
projects.
•;Agriculture Department and
Energy Affairs Administration
of Puerto Rico invested over
$3 Million in assisting local
and US mainland investors in
purchasing Land to develop
solar and wind farm projects.
•;Puerto Rico legislature approves
Act 113 of 2011, the law to
promote and develop the cruise
ship industry. 1.2 million tourist
visited Puerto Rico in 2011.
•;Puerto Rico legislature approves
Act 3657, a Tax Incentive
Law for individuals who buy
commercial properties that
produce trade, employment
and goods in Puerto Rico.
RETAIL
Vacancy
P
Absorption
Q
Rental Rates
Q
MULTI-FAMILY
Vacancy
Q
Absorption
P
Rental Rates
P
DEMOGRAPHICS
Spain
194,897
41,000,000
14,200,000
MARKET HIGHLIGHTS
•;Public administration must
pay their debts within the
established guidelines of 60
days, not 400.
•;Labor reform is a priority, so
each business sector is able to
negotiate labor contracts on
a sector and local basis and is
incented to hire employees full
time without excessive burdens
of severance pay for each year
worked.
$31,900 USD
•;The unemployment rate is 21%
in Spain.
23,800,000
21.0%
•;The high unemployment rate
has had a negative impact on
the social climate and on the
unemployment compensation
system within the social
security economic framework.
•;Local and National Government
spending has exceeded
European guidelines.
CONTACT
Coldwell Banker Commercial
Las Rozas
•;The economic dependence on
construction has created severe
problems for bank liquidity and
labor unemployment.
Playa del Sardinero 18
Las Rozas de Madrid, Spain 28290
+34 91 636 3780
OFFICE
RETAIL
Vacancy
P
Vacancy
P
Absorption
Q
Absorption
Q
Rental Rates
Q
Rental Rates
Q
INDUSTRIAL
MULTI-FAMILY
Vacancy
P
Vacancy
P
Absorption
Q
Absorption
Q
58 Rental Rates
Q
Rental Rates
Q
