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The Retail Activity in Puerto Rico

The retail arena in Puerto Rico continue expansion while new players are looking for sites.

Burlington Plaza Centro, PR
Burlington Plaza Centro, PR
July 26, 2011 - PRLog -- Puerto Rico has become the hidden treasure for Commercial Developers and Retailers not only from the USA but also Latin America. Despite the economic breakdown that affected most of the world, puertoricans continue flooding the shopping centers and retail stores around the island. Taking advantage of this many retailers continue expansion and many others are considering jumping into the puertorican retail arena.

Recently Walmart anounced the opening of four new locations with an estimated capital investment of $200 million dollars. Another player with sales exeeding original projections on the island is Burlington who is accelerating local market expansion with a $30 million investment. CVS Pharmacy also continues expansion and announced an investment of $400 million dollars within the next five years.

New retail players have seen the great retail opportunities on the island. Nordstrom is walking around looking for their first location, Target and Lowe's are also looking for locations, Aaron's and Save-a-Lot targeted Puerto Rico for expansion just to mention a few.

The retail activity in Puerto Rico is a very active one with annual sales in excess of $35 Billion Dollars taking into consideration a population of only 3.7 million people.

Caribbean Strategic Solutions is a Corporate Real Estate Agency dedicated to provide Strategic Real Estate Planning to national and international retail companies.  Services include Market Analysis, Trade Area Analysis, Site Selection, Lease/Purchase Negotiation and more. For more information on how we can assist in your Company's market expansion visit http://www.csscaribbean.com or call Pedro Santos 787-600-6227.

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Source:Pedro Santos
Location:Puerto Rico
Industry:Business, Real Estate, Shopping
Tags:Local, Expansion, Caribbean Strategic Solutions
Last Updated:Jul 26, 2011
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