Puerto Rico Office Report, H1 2022

October 06, 2022

The office sector is robust, with continued demand in San Juan specifically. The defense and healthcare industries remain significant drivers of the local economy and will continue to enrich the island. This can be seen in the premium placed on the medical office space submarket.

After distinguishing itself with a superior quality of life during the pandemic, re located remote workers are staying on the island. Technology is an emerging demand driver for office space. Class-A or Condominium office space - specifically - is coming into its own as a submarket and is achieving record high price per square foot figures. Deepening economic interconnectivity to the U.S mainland will continue to strengthen the island’s fiscal and economic outlook into the future, driving demand for local office space.

Fill out this form to download report


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 inquiry.

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.