Real Estate

New Prime Office Space in Cayman’s Coveted Financial District

November 13, 2020
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As the capital and the business and commercial hub of the Cayman Islands, George Town is the place to be if you’re looking to lease prime commercial property in the downtown core.

Prime mixed-use commercial space is at a premium in George Town, where most of the world’s top banks, insurers, lawyers, and financial services companies hang their shingles. When new commercial development comes onto the Cayman Islands market, it attracts a lot of attention in Cayman rental properties.

Released onto the market in September and marketed by Cayman estate agent Milestone Properties, Piccadilly Centre, a completely renovated property on Elgin Avenue, intends to meet the demand for prime, pedestrian-friendly office and retail space in the urban core, with secure parking and easy access to public transport.

Piccadilly Centre’s location in central George Town is just a few blocks from the courts and government administration building, the Immigration Department, and Cricket Square. Owen Roberts International Airport and George Town’s seaport are a few minutes away, and the development is adjacent to popular George Town residential communities and restaurants.

Built-in 1995 and now completely renovated, Piccadilly Centre promises a unique workplace environment, with kitchenettes and private washrooms with shower facilities on every floor. The property features an entirely new lobby and common areas and includes secure multi-level car parking. The parking facilities include leasing opportunities for both cars and storage in air-conditioned units.

Piccadilly Centre is being marketed at US$30 per square foot, with just under 20,000 square feet of office and retail space over five floors on a half-acre lot. Office suites are available from 200 square feet up to 11,300 square feet, with a fifth-floor penthouse of almost 2,300 square feet expected to be highly sought after.