NAI Bahamas Realty Commercial, a member of the world’s premier managed network of commercial real estate firms, announced today that it negotiated leases totalling 101,359 sq. ft. representing 31 leases during 2014; a record year for the company. Transactions included office, retail and warehouse spaces.

“We are extremely pleased to have experienced an uptick in demand for commercial leasing services this year”, said Donnie Martinborough, Director of NAI Bahamas Realty Commercial. “The fact that there has been an increase in demand, even as The Bahamas’ commercial office market remains somewhat flat, is a testament to the expertise and talent of the NAI Bahamas Realty Commercial team.”

The company has seen a reduction in the vacancy rate of Class B properties, while Class A buildings are garnering new interest despite the introduction of the new FATCA and WTO regulations which are putting new pressures on the financial industry.

“We are seeing a slow but steady rebound in commercial real estate, signalling growing opportunities for companies in this market,” added Donnie.

Integral to the success of NAI Bahamas Realty Commercial this year has been the addition of Michelle Martinborough to the team. Brought in on a temporary basis as the department began growing last year, Michelle has now joined the company full time as a Commercial Leasing & Sales Associate. “Our focus on building relationships is fundamental to our culture, and Michelle has consistently demonstrated her ability to connect with our clients by understanding their business challenges and providing the right solutions,” said Bahamas Realty CEO, Larry Roberts.

Michelle, a licensed BREA sales agent, was responsible for the recent successful leasing of 6,600 of office space to the University of the West Indies.

“The improving economy and outlook for the commercial real estate market continues to create new opportunities for our clients and we are optimistic about the commercial real estate sector moving into 2015”, said Donnie Martinborough.

Notable transactions include The Island Traders Building to the Ministry of Agriculture, Marine Resources and Local Governments, The URCA offices at Frederick House, the new Itau Bank location in the UBS Annex, the addition of Carabongo in the old location of Sbarro’s, Bay Street, and the Lukka Kairi restaurant to be located in Beaumont House, Bay Street, overlooking the Nassau Harbour.

About NAI Bahamas Realty Commercial.

NAI Bahamas Realty Commercial, an exclusive member of NAI Global, is a corporate real estate services company dedicated to offering the finest commercial real estate and property management services in The Bahamas.

NAI Bahamas Realty Commercial is the commercial division of Bahamas Realty Limited, a full service real estate company established in 1949 offering a full range of services for both residential and commercial properties.

About NAI Global

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. Founded in 1978, today NAI Global has more than 375 offices around the world, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

To learn more, visit www.naibahamas.com.