all, Marsh Harbour, Abaco Commercial Real Estate 0 Listings

all, Marsh Harbour, Abaco: A Premier Destination for Commercial Real Estate

Introduction

Marsh Harbour, located in the Abaco Islands of the Bahamas, is a burgeoning hub for commercial real estate (CRE) developments. Known for its strategic location in the Caribbean, this city offers unique opportunities for investors and developers in various CRE sectors. Its growing economy, primarily driven by tourism and retail, positions Marsh Harbour as an attractive destination for commercial real estate activities.

Economic and Industry Overview

Marsh Harbour's economy is principally supported by its tourism sector, which drives demand for retail and hospitality properties. The city's geographical location also supports a thriving marine and boating industry, contributing to the demand for industrial and storage facilities. Additionally, Marsh Harbour is witnessing a gradual increase in tech-driven businesses, which creates a need for modern office spaces. Regional economic development is supported by the Bahamas Investment Authority.

Strategic Location and Transportation Infrastructure

Marsh Harbour is strategically situated with easy access to major transportation routes, making it a logistical advantage for businesses. The city is served by the Leonard M. Thompson International Airport, facilitating direct flights to major international destinations. Furthermore, Marsh Harbour's port is vital for trade and supplies to the Abaco Islands, simplifying the distribution of goods across the region. Its proximity to the United States east coast makes it a favorable location for businesses seeking access to North American markets.

Commercial Real Estate Inventory & Zoning

Marsh Harbour hosts various CRE submarkets, including retail-focused areas and industrial zones. Key asset classes in the area include:

Retail and Hospitality: Concentrated in the city center, catering to tourists and residents.
Industrial: Located near the port, supporting marine and logistics businesses.
Office: Emerging in response to the growing business and tech sectors.

Zoning initiatives support the development of mixed-use properties, enhancing the scope for developers. For detailed zoning information, refer to the Abaco Zoning Map.

Major Employers and Institutions

Top employers in Marsh Harbour include the Abaco Beach Resort, Albury's Ferry Service, and the Bahamas Ministry of Tourism. These institutions significantly influence local CRE demand. The Abaco Chamber of Commerce provides additional resources for business development.

Notable Commercial Developments & Projects

Significant projects in Marsh Harbour include the redevelopment of the Abaco Towns by the Sea and mixed-use developments in the city center. These projects often involve public-private partnerships aimed at revitalizing the area post-Hurricane Dorian. For more information on ongoing developments, visit the Bahamas Department of Planning.

Building Permits, Planning, and Development Tools

For developers and investors, the following resources are invaluable:

Market Data & Economic Reports

Marsh Harbour's market data can be accessed through public datasets such as the Bahamas National Statistical Institute. Brevitas utilizes AI-powered aggregation from such public data and internal insights to provide comprehensive market analysis. Explore our Brevitas-powered dashboards for detailed insights on Marsh Harbour's CRE landscape.