Now Coldwell Banker-JW Bermuda Island Affiliate in partnership with its colleagues at Bermuda Realty have developed a new tracking system to monitor supply and demand and identify opportunities for landlords of commercial properties.

"The Coldwell Banker Commercial team has been working diligently to compile research that allows us to put a distinctly different spotlight on the commercial real estate market,'' a spokesperson said.

The spokesperson continued: "Currently the majority of the pent-up demand (approximately 70 percent) in the marketplace is for prime office accommodation, required by companies already domiciled in Bermuda, as well as those who wish a physical presence here but presently operate out of Europe, North America, or the Pacific Rim.

"Much of this demand will not be satisfied by the recent increase in secondary supply as companies are looking for accommodation that suits their longterm requirements and corporate image and are willing to put growth plans on hold until the most suitable prime accommodation is secured.'' ***