Research

Why Puerto Rico

Nationwide rents and occupancy levels continued to increase, extending the seven year streak of growth we have seen and while these levels are getting close to pre-recession highs, the run-up has been much more measured and the pipeline of new product remains limited. Capital Markets activity has continued to decline in the retail sector, with almost 50% of the volume in 2017 and 2018 coming from corporate acquisitions and mergers rather than asset sales.

The Puerto Rico market experienced increased vacancy rates beginning in 2010 and has continued a slow erosion.

Leasing activity has picked up since Hurricane Maria but not to prerecession levels with most activity coming from local version national or international retailers.

 

Fill out this form to download report

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.