Cayman Skies: A Booming Economy and New Office Spaces Boost Cayman’s Business Potential

03 July 2018

Office Space Camana Bay

With the gateway city of Miami sitting just a 90-minute flight from Grand Cayman — plus a number of other nonstop flights to North American capitals just a few hours away — managing a global business from Grand Cayman is about as easy as throwing on flip-flops and walking down to the Island’s sandy shores. The fact that the Cayman Islands lack corporate, income and capital gain taxes doesn’t hurt, either.

It’s no surprise, then, that the economy grew by over 2.4 percent in 2017 and company registrations jumped up by 14 percent. With one of the strongest office space rental markets in the Caribbean, Cayman offers those choosing to relocate their business plenty of options to choose from, with a combined total office space close to 3.5 million square feet.

The entrepreneurial spirit still rings strong with Silicon Valley-style blockchain companies and start-up businesses making the move to Cayman’s shores. Philosophies like Dart Real Estate’s Camana Bay’s “Live, Work, Play” entice those looking for work-life balance, with 700,000 square feet of Class-A office space sitting right next door to a six-screen cinema (the only cinema in the Cayman Islands), restaurants and shops. Every day, nearly 2,000 people come to work and visit Camana Bay, which is conveniently located just a 10-minute drive away from Owen Roberts International Airport. Office suites here range in size from 800 to 80,000 square feet and are housed inside some of the Island’s newest commercial buildings, such as four-storey 18 Forum Lane and One Nexus Way — Grand Cayman’s first LEED Gold-certified office buildings.

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