Paget, Bermuda: A Premier Destination for Commercial Real Estate

Introduction

Paget, Bermuda is an emerging hub for commercial real estate (CRE) investment, boasting a strategic location and a dynamic economy. Despite its small size, Paget plays a pivotal role in Bermuda's financial and tourism sectors, offering unique opportunities for commercial development. The city's appeal is further enhanced by its stable economy, driven by robust industry clusters and a supportive business environment.

Economic and Industry Overview

Paget's economy is primarily driven by the finance, insurance, and tourism industries. As a part of Bermuda, a leading offshore financial center, Paget attracts significant demand for office spaces catering to banking, insurance, and investment firms. The tourism sector also fuels demand for retail and hospitality properties, making the city a versatile CRE market.

Key Industry Drivers:

• Finance and Insurance: A major contributor to Bermuda's GDP, creating demand for premium office spaces.
• Tourism: Supports retail and hospitality developments, critical for Paget's commercial landscape.

For more information, explore Bermuda Business Development Agency.

Strategic Location and Transportation Infrastructure

Paget benefits from excellent transportation infrastructure, offering seamless connectivity to local and international markets. Key logistical advantages include:

• Airports: L.F. Wade International Airport provides access to major North American and European destinations.
• Ferries and Roads: Efficient ferry services and well-maintained road networks facilitate easy intra-island travel.

For detailed transportation information, visit the Bermuda Department of Transportation.

Commercial Real Estate Inventory & Zoning

Paget's CRE market is diverse, with several submarkets catering to different asset classes:

• Office Spaces: Concentrated in the central business district.
• Retail: Distributed across key commercial corridors.
• Hospitality and Tourism: Predominantly along the coastline.

The city's zoning regulations and incentives are favorable for developers looking to capitalize on Paget's strategic location. For zoning maps and regulations, check the Bermuda Planning Department.

Major Employers and Institutions

Paget is home to several major employers and institutions that drive the demand for commercial real estate:

• Bermuda Hospitals Board: A significant healthcare employer.
• Financial Institutions: Many have a presence in Paget, necessitating high-quality office spaces.

For more on major employers, explore the Bermuda Chamber of Commerce.

Notable Commercial Developments & Projects

Paget is witnessing several large-scale development projects, including mixed-use developments and hospitality ventures. These projects are often supported by public-private partnerships, enhancing the city's CRE landscape. For more on current projects, visit the Bermuda Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Paget offers comprehensive resources to facilitate building and development:

• Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Development Code

Market Data & Economic Reports

Paget's market data is accessible through public sources, offering valuable insights into the city's economic landscape. Brevitas utilizes AI-powered aggregation of these datasets to provide real-time market insights. Explore Brevitas-powered dashboards for Paget here.

Why Use Brevitas for Paget, Bermuda CRE?

Brevitas offers an unparalleled CRE discovery experience in Paget, Bermuda. Our platform provides:

• AI-driven Discovery: Quickly find properties that meet your criteria.
• Real-time Market Alerts: Stay updated with the latest listings.
• Smart Property Pages: Access detailed property insights.
• Dealroom Collaboration: Facilitate seamless transactions.

Unique features include:

• Auto-generated Listing Pages: Simplify property marketing.
• Email and Landing Page Tools: Enhance your outreach efforts.
• Integration with Brokers and Developers: Collaborate effectively.
• Exclusive Listings and Premium Exposure: Maximize your property's visibility.

For the latest in Paget's commercial real estate market, trust Brevitas as your go-to platform. Explore our offerings at Brevitas.