Sold by Drew · Market Intelligence
Christie’s International Real Estate Turks & Caicos · Updated 29 September 2026
Turks & Caicos · Commercial Property Study

The Commercial Atlas

Where the businesses of the Turks and Caicos actually sit, plaza by plaza. This study maps the retail, office and restaurant space of Providenciales and Grand Turk: which plazas exist, how many units they hold, what a unit costs to rent, what is for sale on the MLS today, the thin but real sold evidence, and the pipeline of new commercial space now under construction. It is written for business owners, particularly those overseas, weighing an office, a shop, a clinic or a kitchen on these islands. Owners and managers with space to let can list it here free, below the lease ledger.

Featured: The Axis of Grace Bay
0.92 acres of development land in the centre of the Grace Bay commercial district. 125 ft of frontage, 320 ft of depth, steps from the beach and the Graceway Gourmet draw. Asking $2,990,000 · MLS 2600290 · Listed by Drew Scrymgeour, Christie’s International Real Estate. View the listing.

How to read the Atlas

Seven corridors

Commercial life on Providenciales runs along a few corridors: the Grace Bay strip, Leeward Highway, Downtown and the airport, Turtle Cove and The Bight, Long Bay, and the industrial south. Grand Turk is a separate market. Use the filter bar to isolate one.

Every figure is sourced

Each plaza record carries a status: On site means the plaza’s own website or developer page; MLS means a live or recent TCREA listing; Directory means Visit Turks and Caicos; Press means a government notice or news report. Unknowns are marked TBC, never guessed.

Blurred figures

Sale prices older than twelve months are confidential and stay blurred for everyone. A few current figures and the leasing contact directory are held behind free registration.

Filter every plaza by area · tap to isolate
Jump to:MapFind your spacePlaza directoryRentsLease ledgerList your spaceSpace wantedFor saleSoldPipelineBefore you signQuestions
14
Active commercial listings on the TCREA MLS, 29 Sept 2026 (13 Providenciales, 1 Grand Turk)
$429k to $13m
Asking range across those 14 listings, from a 618 sq ft plaza unit to a former 39 room hotel
120,000 sq ft
Commercial, retail and office space at the Regent Village alone, the largest single plaza on the island
$1,650 / mo
Typical rent for a 500 sq ft unit in Grace Bay (2025); around $1,250 elsewhere in a presentable complex
Sources: TCREA MLS via Hamilton Real Estate and Keller Williams TCI IDX feeds (29 September 2026); HAB Group; Visit Turks and Caicos commercial plaza guide (reviewed July 2026).

Where business sits: the corridor ladder

Read top to bottom as foot traffic falls and floor space per dollar rises. A tourism business needs the top rung. A professional office has four workable rungs. A warehouse or workshop belongs at the bottom.

1. The Grace Bay strip
About one mile of Grace Bay Road fronting the resort district. Regent Village, Saltmills, Le Vele, Ports of Call, One Season, Caicos Café Plaza, La Petite Place, Ocean Club West Plaza and the newer Hub. Walk in tourist trade, duty free, galleries, restaurants, and on the upper floors the law firms, trust companies and real estate agencies that migrated here from Downtown. The highest rents and the highest asking prices per square foot in the country.
2. Leeward Highway
The island’s four lane spine from Downtown to Long Bay. Graceway Plaza (with Graceway House and Cabot House), Caribbean Place, the Do It Center, the National Hospital and the utilities. Showrooms, service businesses, medical, banks and offices that need parking and visibility rather than tourists on foot.
3. Downtown and the airport
The original commercial centre: Town Center Mall (23 Parade Avenue, the country’s only indoor mall), Butterfield Plaza, Caribbean Place at the Downtown end of the highway, the Government Complex by the airport, and the Old Airport Road and Airport Road frontages. Government, logistics, local trade, and the cheapest built space per square foot on the island.
4. Turtle Cove and The Bight
The oldest tourism enclave, now reviving around Turtle Cove Marina and the hotels, restaurants and villas nearby. La Vista Azul’s small commercial plaza is the strata title example in this study, with disclosed rents and a 2026 sale.
5. Long Bay and the east highway
The fastest growing residential district on the island and now getting its first purpose built commercial plaza, Azure Plaza (14 units of about 600 sq ft on Leeward Highway at Long Bay Hills). Commercially zoned lots on this stretch are asking $750,000 to $770,000 for about half an acre.
6. Industrial and the south
Mechanical Drive and Industrial Drive (the storage yards), Blue Mountain’s showroom and yard stock on the highway, Discovery Bay’s light industrial mix, South Dock and Five Cays. Where the contractors, storage operators and fleets are. Built space here asks roughly $100 to $130 per square foot with land included.
7. Grand Turk
The capital. Front Street, Queen Street and Duke Street in Cockburn Town hold the permanent shops and the ship day stalls; the Carnival owned Cruise Center on the south west of the island is a self contained 14 acre retail and entertainment site; Lighthouse Road has the one modern office building on the MLS, with government as the anchor tenant.
Sources: Visit Turks and Caicos (plaza, Leeward Highway, Downtown, Turtle Cove, Grand Turk pages, 2026); TCREA MLS listing descriptions; Turks and Caicos Tourist Board (Cruise Center).

The map

Almost everything in this study is on one island. Providenciales holds every plaza in the directory and thirteen of the fourteen commercial listings; Grand Turk, 75 miles east, holds the fourteenth and the seat of government.

The islands
Grand Turk Providenciales
Providenciales, the six corridors
Turtle Cove & The BightGrace BayLeeward HighwayDowntown & airportLong BayIndustrial & south Markers placed from each corridor’s coordinates. Tap one to filter the directory.
Base map traced from Drew Scrymgeour’s silhouette of the islands. Corridor markers are placed from the coordinates of each commercial area (Grace Bay Road at the Saltmills, Turtle Cove Marina, Graceway Plaza, Downtown, Leeward Highway at Long Bay Hills, the Mechanical Drive estate) and snapped to the traced shoreline where they fall on the coast.

Find your space in three questions

Answer three questions and the Atlas points you at the corridor, the plazas and the budget band that fit, using only the plaza records and rent evidence on this page. Then filter the directory to that area, or send the answers to Drew.

1. What are you opening?
2. Who walks through the door?
3. Monthly rent budget, before strata and power
Where the Atlas would send you

Start with these

    Send these answers to Drew
    The chooser scores the seven corridors on customer type and use, then applies the evidenced rents ($3.30 to $3.50 per sq ft a month in a tourist plaza, $2.50 to $2.67 off strip) to your budget. It is a starting point, not a site survey.

    The plaza directory

    Every named commercial plaza and office block we could verify, with what is known about its scale, its anchors and how to reach whoever leases it. Where a plaza has no public website, the record is built from the Visit Turks and Caicos directory and MLS descriptions and is marked accordingly. Each record also carries the businesses already on record there, for reference; tenant lists change, so treat them as a snapshot.

    Grace Bay

    The strip and the streets behind it
    The Regent Village
    Regent Street and Grace Bay Road, central Grace Bay
    On site
    Scale120,000 sq ft of commercial, retail and office space (HAB Group); developer also cites 150,000 sq ft of construction
    OpenedSummer 2007; second phase 2009
    TenantsOver 30 businesses: restaurants and bars, duty free, tourist retail, galleries, professional offices, real estate agencies
    Parking170 spaces in two storey car parks, half under cover
    SpecificationReinforced concrete and block, commercial grade aluminium shopfronts, private restrooms per unit, separate utility meters, central ducted air conditioning, lift to second and third floors, CCTV and 24 hour security, conference centre
    Owner and managerHAB Group (strata managed, exterior maintained by HAB)
    The benchmark for tourist facing retail on the island. A 1,706 sq ft double unit, D104.105, currently let as an entertainment bar, is on the MLS at $2,500,000, which is $1,465 per square foot and the highest rate in this study.
    Businesses on record

    Blu Bar and Lounge, Shisha Lounge, ArtProvo gallery, FOTTAC, Stingrays, Beans and Leaves, Marlin Limited, Jai’s duty free (Unit 106), Skape Design and Build, HAB Group offices, real estate agents’ offices (Units G103 and B201), One Grace Bay townhomes above the retail.
    Source: Visit Turks and Caicos; HAB Group; TCREA agent directory

    Leasing: HAB Group, +1 649 946 5991 or +1 649 946 5158, info@theregentvillage.com, marketing@habgroup.com
    The Saltmills Plaza
    363 Grace Bay Road, central Grace Bay
    On site
    ScaleUnit numbers run 1 to 64 across ground, second and third levels; the September 2026 directory lists around 50 businesses
    MixGround level shopfront retail and restaurants; quiet upper level offices
    Unit sizesRetail units and office suites from 500 sq ft to 4,000 sq ft (as advertised)
    AnchorsRoyal Turks and Caicos Police (Grace Bay station), National Health Insurance Board, Director of Public Prosecutions, National Trust, TCREA, Dive Provo, Royal Jewels, Potcake Place
    Professional tenantsLaw firms (Themis Bishop, McKnights, L’Heureux, LCL), BCQS and CSE engineers, GK Insurance, Desarrollos Hotel Group head office, Visit TCI
    ParkingFree parking in the central courtyard and behind the complex, plus limited street parking
    ManagerBCQS Limited (on site, Unit 26)
    Adjacent to the Regent Village and Le Vele; the three together are the centre of upscale retail on Providenciales. The plaza describes its lease rates as among the most competitive in Grace Bay; rates are on application.
    Businesses on record

    Royal Turks and Caicos Islands Police (Grace Bay station), National Health Insurance Board, Office of the Director of Public Prosecutions, Turks and Caicos National Trust, TCREA, Dive Provo, Royal Jewels, Potcake Place, Themis Bishop, McKnights, L’Heureux, LCL, BCQS Limited (Unit 26), CSE engineers, GK Insurance, Desarrollos Hotel Group head office, Visit TCI. The plaza’s own directory lists around 50 businesses with unit numbers.
    Source: thesaltmills.com directory, September 2026

    Leasing: Rosie Nicholls, BCQS Limited, Saltmills Plaza, +1 649 946 4238, saltmills@bcqs.com
    Le Vele Plaza
    Grace Bay Road, adjacent to Saltmills and Regent Village
    Directory
    FormTwo storey complex around a palm framed courtyard with outdoor dining
    MixGround level retail and dining; second level professional offices serving corporate management, trusts and real estate
    ParkingAmple free parking around the main building, limited parallel spaces on Grace Bay Road
    UnitsTBC
    The most recently built of the three central plazas and the one most clearly split between retail below and offices above.
    Businesses on record

    Shay Café on the courtyard; upper level corporate management, trust and real estate offices (names not published). Venture House, opposite the Saltmills on Grace Bay Road, also holds offices.
    Source: Visit Turks and Caicos; TCREA agent directory

    Leasing: no public contact published; ask Drew for an introduction
    Ports of Call
    Grace Bay Road, east of the central plazas
    Directory
    MixBar, restaurants and shops around a paved courtyard with pirate themed statuary
    NeighboursOne Season Plaza, Caicos Café Plaza, La Petite Place, Ocean Club West Plaza
    Tenants of noteKeller Williams Turks and Caicos office
    UnitsTBC
    A taxi rank plaza with steady walk in trade from the resorts either side; complimentary parking on site.
    Businesses on record

    Keller Williams Turks and Caicos; bar, restaurants and shops around the courtyard (names not published in the source).
    Source: Visit Turks and Caicos; Keller Williams

    Leasing: no public contact published; ask Drew for an introduction
    One Season Plaza
    Grace Bay Road, near Ports of Call
    Directory
    MixSmall, elegant plaza: The Terrace restaurant, boutiques, professional offices
    Tenants of noteChristie’s International Real Estate Turks and Caicos (Unit 7)
    UnitsTBC
    Home to this Atlas. Drew Scrymgeour works from the Christie’s office here.
    Businesses on record

    The Terrace restaurant; Christie’s International Real Estate Turks and Caicos (Unit 7).
    Source: Visit Turks and Caicos; TCREA

    Leasing: no public contact published; ask Drew for an introduction
    The Hub
    Sandcastle Road, east of Graceway Gourmet, central Grace Bay
    MLS Directory
    Scale37,461 sq ft on 0.86 acres; 24 units
    Completed2024; 17 tenants in place at the time of listing
    FormTwo storey east west wing and a three storey central wing with a central lift; about 150 ft of road frontage
    TenantsRestaurants, bars, retail, professional offices
    Sale historyOffered as a whole in 2025 at $15,900,000 (MLS 2500970), which is $424 per sq ft; not in the active commercial feed at 29 September 2026, status TBC
    The newest completed plaza on the strip and the only one with a public whole building asking price, which makes it the best income yield reference the market has produced. Units are available to lease at September 2026; rates on application.
    Businesses on record

    17 tenants across restaurants, bars, retail and professional offices at the time of the 2025 listing; names not published.
    Source: TCREA MLS 2500970

    Leasing: units to let; WhatsApp Drew for an introduction to the landlord
    Caicos Café Plaza, La Petite Place, Ocean Club West Plaza, Grace Bay Market
    The small enclaves between Ports of Call and the Seven Stars roundabout
    Directory
    Caicos Café PlazaCaicos Café restaurant, a bakery, several shops including Atelys Adrian boutique
    La Petite PlaceSmall tourism retail plaza, a few shops and an ice cream parlour
    Ocean Club West PlazaRetail and water sports offices; Turks and Caicos Property (real estate) at Suite 103
    Grace Bay MarketSmall dining and shopping complex: Turks Kebab, Pork Shack
    Typically a handful of units each. Vacancies surface by word of mouth and on the TCI Mall classifieds rather than the MLS.
    Businesses on record

    Caicos Café Plaza: Caicos Café, a bakery, Atelys Adrian boutique, Coldwell Banker Turks and Caicos. Ocean Club West Plaza: Turks and Caicos Property (Suite 103). Grace Bay Market: Turks Kebab, Pork Shack. La Petite Place: an ice cream parlour and a few shops.
    Source: Visit Turks and Caicos; the businesses’ own websites

    Leasing: no public contact published for any of these plazas; ask Drew for an introduction
    Grace Bay Plaza
    Grace Bay Road, between Saltmills and Regent Village
    Directory
    StatusClosed for construction; no businesses operating as of June 2026
    PreviouslySmall retail plaza with an ice cream shop and a children’s playground
    ParkingA limited number of spaces behind, plus parallel parking on Grace Bay Road
    A redevelopment site in the best block of the strip. What replaces it is TBC.
    Businesses on record

    None trading; the plaza is closed for construction. Previously an ice cream shop and a children’s playground.
    Source: Visit Turks and Caicos, June 2026

    Leasing: no public contact published; ask Drew for an introduction
    Neptune Court
    Allegro Road (Dolphin Avenue), Grace Bay
    Directory
    MixPharmacy, professional offices and a large medical centre; an older directory page also lists a restaurant and a small private practice
    NamingThe same directory has used both Neptune Court and Neptune Plaza for the Allegro Road complex; treat as one address until confirmed
    The medical and services address of Grace Bay, on the road that links the strip to Leeward Highway.
    Businesses on record

    A pharmacy, professional offices and a large medical centre (names not given by the source).
    Source: Visit Turks and Caicos

    Leasing: no public contact published; ask Drew for an introduction

    Leeward Highway

    The central highway plazas
    Graceway Plaza, Graceway House and Cabot House
    Leeward Highway, central Providenciales
    Directory Press
    AnchorGraceway IGA, the largest supermarket in the country (Graceway Supermarkets, +1 649 941 5000)
    Office buildingsGraceway House (law firms including Stanbrook Prudhoe on the third floor) and Cabot House (Unit C101 and others) within the plaza
    NeighboursRBC Royal Bank at Raleigh House, a petrol station, Graceway Sports Center, government offices and private medical practices
    ParkingFree, generally ample, tight on busy days; taxis queue at the IGA entrance
    UnitsTBC
    Now the favoured professional office location outside Grace Bay. The plaza sits 2.3 miles west of the Seven Stars roundabout by Allegro Road.
    Businesses on record

    Graceway IGA supermarket; Stanbrook Prudhoe (Graceway House, third floor); offices in Cabot House; RBC Royal Bank in the adjacent Raleigh House; a petrol station; Graceway Sports Center nearby.
    Source: Graceway Supermarkets; Chambers Investing In 2026; Visit Turks and Caicos

    Leasing: no public contact published; ask Drew for an introduction
    Caribbean Place
    1254 Leeward Highway, Downtown end
    Directory
    Scale15 buildings, each split into multiple units
    BuiltEarly 1990s; one of the first retail and office complexes on the island
    TenantsFinancial Services Commission, law firms, an investment bank, a logistics company, a security company
    ParkingAmple free parking on site; about five minutes from the international airport
    The professional address of the 1990s. Many firms have since moved east to Grace Bay, which is exactly why rents here sit below the strip.
    Businesses on record

    Financial Services Commission; law firms, an investment bank, a logistics company and a security company (names not given by the source). Cheshire House East at 1315 Leeward Highway is another named office address on this stretch.
    Source: Visit Turks and Caicos; TCREA agent directory

    Leasing: no public contact published; ask Drew for an introduction
    1140 Leeward Highway, Blue Mountain
    Leeward Highway, Blue Mountain
    MLS
    Scale12,780 sq ft of showroom, storage and repair space plus a 1,000 sq ft internal mezzanine and over 4,000 sq ft of fenced yard
    Built2006
    For sale$2,950,000 (MLS 2500743), about $231 per sq ft on the main floor area
    The reference point for what a highway showroom with a yard costs to own outright.
    Enquire: through the enquire button in the sale ledger below
    Central Square, Courtyard Plaza and the Suzie Turn stretch
    Leeward Highway between Downtown and Turtle Cove
    Directory
    Central SquareNamed in the Where When How shopping guide as a central plaza; tenant list TBC
    Courtyard PlazaMarketed on TCI Mall as a premier commercial property with lease to own options (2015 listing); current position TBC
    Suzie TurnThe junction plaza between Downtown and Turtle Cove; a 1.63 acre car dealership site with 117 ft of highway frontage next door was listed in 2025 at $1,800,000 (MLS 2500291), not in the current feed, status TBC
    Verified only at directory level. Included so that the names are on the map; details should be confirmed direct.
    Leasing: no public contact published; ask Drew for an introduction

    Downtown and the airport

    The original centre
    Town Center Mall
    23 Parade Avenue, Downtown
    Directory
    FormThe first major shopping complex on the island and still the only indoor mall in the country
    TenantsSeveral government offices, other offices, small shops and boutiques; Graceway Smart supermarket adjacent
    ChangeThe Treasury and other departments have moved to the Government Complex near the airport
    ParkingAmple free parking around the complex
    The cheapest air conditioned retail on the island by location, and the natural home for businesses whose customers arrive by car from Blue Hills, Five Cays and Kew Town.
    Businesses on record

    Government offices, small shops and boutiques; Graceway Smart supermarket adjacent. The Treasury has moved to the Government Complex near the airport.
    Source: Visit Turks and Caicos

    Leasing: no public contact published; ask Drew for an introduction
    Butterfield Plaza
    Downtown
    Press
    Recent moveThe Ministry of Health and Human Services and the Migrant Health Department relocated from Butterfield Plaza to the National Insurance Board building on Leeward Highway in February 2026
    UnitsTBC
    A government departure of that size usually means office space coming back to market; worth an enquiry for anyone needing Downtown offices.
    Businesses on record

    The Ministry of Health and Human Services and the Migrant Health Department were here until February 2026, when they moved to the National Insurance Board building on Leeward Highway.
    Source: TCI Government Press Office, 4 February 2026

    Leasing: no public contact published; ask Drew for an introduction
    Airport Road and Old Airport Road
    Kew Town and the airport approaches
    MLS
    70 Airport Road7,295 sq ft on 0.40 acres, two minutes from the airport, $1,350,000 (MLS 2600397), about $185 per sq ft
    Norway Five, Airport RoadFormer 39 room hotel with 43 units in all, 17,856 sq ft on 0.71 acres, $13,000,000 (MLS 2500887)
    Old Airport Road, Kew Town58 income producing units across from the private airport, built 1990, $6,999,000 (MLS 2600015); pitched for a condo hotel, apartments or a business complex
    Leeward Highway, DowntownIncome generating commercial building on 1.13 acres, $2,800,000 (MLS 2400011)
    The airport approaches are where whole buildings, rather than single units, change hands. Four of the fourteen active commercial listings are here.
    Enquire: through the sale ledger below

    Turtle Cove and The Bight

    The first tourism enclave
    La Vista Azul commercial plaza
    Turtle Cove Drive, Turtle Cove
    MLS
    FormSmall strata titled commercial plaza at the foot of the La Vista Azul resort, courtyard fronted with a rear car park
    Unit sizes on record529, 618 to 619, 880, 1,024 and 1,148 sq ft (MLS floor areas)
    StrataAbout $290 to $300 per month on a 529 to 619 sq ft unit
    Rents disclosed$1,850 per month on 529 sq ft (2026 sale disclosure); $1,650 per month plus utilities on 619 sq ft
    TenantsProfessional offices, a restaurant, a gelateria, small shops; units marketed for office, salon, spa, café or convenience use
    For sale618 sq ft unit at $429,000 (MLS 2600652), about $694 per sq ft
    The only plaza on the island with a public run of unit sales, which is why it anchors the sold evidence section. A 529 sq ft unit sold in 2026 at $375,000, a plaza record on both price and rate.
    Businesses on record

    A restaurant, a gelateria, professional offices and small shops (names not published in the listings).
    Source: TCREA MLS listing descriptions

    Enquire: through the sale ledger below
    Turtle Cove Marina and surrounds
    Turtle Cove, central north coast
    Directory
    MixWater sports, boat cruise and fishing charter offices at the marina; restaurants and small shops in the plazas nearby (Baci, Sharkbite among the anchors)
    ContextThe oldest recreational marina on the island; the area now supports several hotels, restaurants and a large villa stock
    Quieter than Grace Bay but with a distinct customer base of boaters, villa guests and the hotels either side. Unit availability is TBC and tends to move privately.
    Businesses on record

    Baci and Sharkbite restaurants; water sports, boat cruise and fishing charter offices at the marina.
    Source: Visit Turks and Caicos

    Leasing: no public contact published; ask Drew for an introduction

    Long Bay and the east highway

    New supply
    Azure Plaza
    Leeward Highway, Long Bay Hills
    MLS On site
    Scale14 units of approximately 600 sq ft each
    Built2025 (MLS year built); marketed for occupancy from autumn 2025
    PricingUnits offered from $295,000 (MLS 2400509) to $315,000 (MLS 2400547, 2500487, 2500489), about $492 to $525 per sq ft; current availability TBC as the units no longer show in the active commercial feed
    SpecificationHigh ceilings, large windows, ample parking, security system with 24 hour video surveillance
    Uses pitchedProfessional offices, retail, photography studio, legal office, restaurant or café, water sports store, spa and wellness
    The first purpose built plaza serving the Long Bay side, near the Shore Club and the North Caicos ferry. Listed by Christie’s International Real Estate.
    Businesses on record

    No tenants published as at September 2026.
    Source: MLS listing descriptions; azureplaza.com

    Enquire: WhatsApp Drew for current unit availability
    Commercial lots on the Long Bay stretch
    Leeward Highway between the Bight roundabout and Long Bay Hills
    MLS
    0.46 acresLong Bay Hills commercial lot with about 115 ft of highway frontage and a second entrance from Aqua Lane, $750,000 (MLS 2600445)
    0.59 acresLeeward Highway at Kakeka Street, zoned commercial and residential, $770,000 (MLS 2600606)
    Both marketed for mixed use plazas or staff housing with an income building. At roughly $1.3 million to $1.6 million per acre they are the entry price for building your own plaza on the highway.
    Enquire: through the sale ledger below

    Industrial and the south

    Yards, storage and workshops
    Mechanical Drive and Industrial Drive
    The industrial estate off Leeward Highway
    MLS
    Williams Storage61,000 sq ft on 4.05 acres, turnkey storage business, $6,800,000 (MLS 2600711), about $111 per sq ft
    Williams Storage 1 and 239,300 sq ft on 2.79 acres, $4,000,000 (MLS 2600710), about $102 per sq ft
    Shamrock Storage21,700 sq ft on 1.26 acres, turnkey, $2,800,000 (MLS 2600709), about $129 per sq ft
    Three going concerns totalling 122,000 sq ft of storage on the market at once, which says something about both demand for storage and owners taking profits at the top of the cycle.
    Enquire: through the sale ledger below
    Discovery Bay, South Dock and Five Cays
    Between Cooper Jack and Five Cays; the port road
    Directory MLS
    Discovery BayA community of mixed light industrial businesses and services, homes and low density apartments
    South Dock RoadThe freight port approach; Walkin and Sons and Provo Air Center at the Old Airport Road end
    Richmond Hill24,742 sq ft in two buildings on 0.568 acres on the highway, built 2008, offered at $1,400,000 (MLS 2500730), about $57 per sq ft, under conditional contract
    Where the price per square foot of built space falls below $100 with land included. Fine for fleets, workshops and back office, wrong for anything a tourist needs to find.
    Enquire: through the sale ledger below

    Grand Turk

    The capital
    Grand Turk Cruise Center
    South west Grand Turk
    Press
    ScaleAbout 14 acres: a 3,000 ft pier, welcome facility, pool, 1,000 ft of beachfront, cabanas and shops
    AnchorThe largest Margaritaville in the Caribbean; duty free and souvenir retail including Ron Jon Surf Shop and Coupes Corner
    OwnerCarnival Corporation; the only cruise port in the country
    A closed retail environment that trades on ship days. Space here is a concession with the port operator, not an MLS lease.
    Businesses on record

    Margaritaville, Ron Jon Surf Shop, Coupes Corner, duty free and souvenir retail.
    Source: Turks and Caicos Tourist Board; Visit Turks and Caicos

    Leasing: no public contact published; concessions run through the Cruise Center operator; ask Drew for an introduction
    Front Street, Queen Street and Duke Street
    Cockburn Town
    Directory
    FormAbout a mile of coastal streets lined with restored Bermudian colonial buildings, inns and eateries
    RetailA few permanent shops on Front Street, stalls and stands on ship days; the Middle Caicos Co-op outlet; WindMills Shopping Mall, Fulford’s Variety, Todd’s and the Kishco and Do It Center outlets in town (directory reported)
    ServicesPost Office and Philatelic Bureau, National Museum, banks and the seat of government
    To letOffice and store spaces, with apartments above, are advertised for rent on Front Street overlooking the beach (Tourist Board directory); rates TBC
    Most shops open when a ship is in and close when it is not. Anyone opening here needs the port schedule as much as a lease.
    Businesses on record

    Middle Caicos Co-op outlet, Post Office and Philatelic Bureau, National Museum, banks; WindMills Shopping Mall, Fulford’s Variety, Todd’s and the Kishco and Do It Center outlets (directory reported).
    Source: Visit Turks and Caicos; Grand Turk business directory listings

    Leasing: no public contact published; private landlords; ask Drew for an introduction
    Lighthouse Road commercial building
    Lighthouse Road, central Grand Turk, overlooking North Creek
    MLS
    Scale12,000 sq ft solid concrete building on 0.60 acres, built 2005
    Ground floor4,000 sq ft, ten office units, conference rooms, kitchenette, let to the TCI Government; 2,000 sq ft front porch
    Lower level2,200 sq ft walkout basement, two bathrooms, storage, 60,000 gallon cistern
    Upper levelUnfinished, designed for a restaurant and bar, convertible to offices or apartments with a wraparound balcony
    For sale$2,800,000 (MLS 2500171), about $233 per sq ft
    The one modern office building on the Grand Turk MLS, with government as the anchor tenant. Note that at least one broker feed files it under Providenciales; the MLS record places it on Grand Turk.
    Businesses on record

    Turks and Caicos Islands Government on the ground floor (ten office units).
    Source: TCREA MLS 2500171

    Enquire: through the sale ledger below
    Sources: thesaltmills.com directory and rental page (September 2026); habgroup.com and theregentvillage.com; Visit Turks and Caicos plaza pages (reviewed April to September 2026); gracewaysupermarkets.com; TCI Government press office (4 February 2026); Chambers Investing In 2026 guide (Stanbrook Prudhoe address); TCREA MLS listing descriptions via Grace Bay Realty, Hamilton Real Estate and Keller Williams IDX; Turks and Caicos Tourist Board; Where When How. Unit counts marked TBC were not published by any source consulted.

    What space costs to rent

    Commercial leases in the Turks and Caicos are not published on the MLS and rarely advertised with a figure, so the evidence is thin and every line below says where it came from. The full set of rent figures and lease facts on record follows in the lease ledger. The pattern is consistent: about $3.30 to $3.50 per square foot per month for a small unit in a tourist facing plaza, about $2.50 to $2.70 for the same unit away from the strip, plus strata and utilities on top.

    Monthly rent per square foot, small units
    Turtle Cove plaza, 529 sq ft at $1,850 Grace Bay benchmark, 500 sq ft at $1,650 Turtle Cove plaza, 619 sq ft at $1,650 Off strip benchmark, 500 sq ft at $1,250 $3.50 $3.30 $2.67 $2.50 Gross rent before strata, utilities and service charges. Scale: $0 to $4.00 per sq ft per month.
    Sources: Visit Turks and Caicos commercial plaza guide, 2025 prices; TCREA MLS disclosures on two La Vista Azul plaza units (2026 sale record and current listing).

    What that means for a budget

    Annualised, the same four data points read as follows. Strata on a small plaza unit runs about $290 to $300 per month where disclosed; electricity, water and internet are on top and metered separately in the newer plazas.

    UnitPer sq ft, yearRent, year
    Turtle Cove plaza, 529 sq ft$42.00$22,200
    Grace Bay benchmark, 500 sq ft$39.60$19,800
    Turtle Cove plaza, 619 sq ft$32.00$19,800
    Off strip benchmark, 500 sq ft$30.00$15,000
    Register free to reveal the per square foot column and the leasing contacts in the directory.

    The Saltmills says its efficiencies of scale give it some of the most competitive lease rates in Grace Bay; the Regent Village lets units with private restrooms and separate meters. Neither publishes a rate card. Ask, and ask for the service charge schedule at the same time.

    The lease ledger: every rent figure we could find

    Commercial rents here are agreed privately and almost never printed. This is the complete set of figures and lease facts that a public source or an MLS disclosure has put on the record, with the source beside each one. Where a landlord publishes no rate, the row says so; that is information too.

    SpaceAreaSizeRentWhat is known about the termsSource and date
    Small unit, prime Grace Bay plazaGrace Bay500 sq ftabout $1,650 / monthBenchmark for a unit in a prime tourist area; strata and utilities on topVisit Turks and Caicos, 2025 price, page reviewed July 2026
    Small unit, presentable complex elsewhereOff strip500 sq ftabout $1,250 / monthSame benchmark, non tourist locationVisit Turks and Caicos, 2025 price
    La Vista Azul plaza, ground floor unitTurtle Cove529 sq ft$1,850 / monthTenant in place at sale; strata $290.60 a month; unit marketed for office, salon or spa, café or convenience useTCREA MLS 2501027 sale disclosure, 2026
    La Vista Azul plaza, courtyard and car park entrancesTurtle Cove619 sq ft$1,650 / month plus utilitiesProfessional office tenant; strata about $300 a month; new air conditioning 2024Owner disclosure via listing broker, 2026
    The Saltmills PlazaGrace Bay500 to 4,000 sq fton applicationShopfront retail and upper level offices; the plaza says its scale gives it some of the most competitive lease rates in Grace Bay; managed on site by BCQSthesaltmills.com; Where When How
    The Regent VillageGrace BayTBCon applicationPrivate restrooms in each unit, separate utility meters, central ducted air conditioning, 170 car spaces, 24 hour security; strata by HAB Group; leasing enquiries to HABhabgroup.com; theregentvillage.com
    The HubGrace BayTBCon applicationUnits available to lease at September 2026 in the 24 unit plaza completed 2024; lift to upper floorsDrew Scrymgeour, September 2026
    Grace Retail and ResidencesGrace BayTBCon application9 retail spaces and a restaurant under new residences on the strip; some retail spaces reported available for lease in June 2026; Christie’s listingNewsline TCI, 22 June 2026
    Regent Village, Unit D104.105Grace Bay1,706 sq ftnot disclosedDouble unit let as an entertainment bar; the unit is for sale at $2,500,000 with the lease in placeTCREA MLS 2600361, 2026
    Old Airport Road, Kew TownDowntown58 unitsnot disclosedDescribed as generating strong and consistent monthly revenue; figures on request from the listing brokerTCREA MLS 2600015, 2026
    Lighthouse Road, Grand Turk, ground floorGrand Turk4,000 sq ftnot disclosedTen office units, conference rooms and kitchenette let to the TCI GovernmentTCREA MLS 2500171, 2025
    Front Street, Cockburn TownGrand TurkTBCon applicationOffice and store spaces with apartments above, overlooking the beach, advertised for rent by a private landlordTurks and Caicos Tourist Board directory
    Sources as stated per row. Rows marked on application are landlords who publish availability but not rates; rows marked not disclosed are MLS listings that state a tenancy exists without the rent. The leasing contacts for the Saltmills and the Regent Village are in the plaza directory above, behind free registration.

    What a lease looks like here

    Term and rent

    Rents and lease terms are freely negotiable and a term of five years or less is typical. Rent is quoted as a monthly figure for the unit, not as an annual rate per square foot, and is almost always gross of strata (service charge) and utilities, which are billed separately. There is no VAT or sales tax on rent.

    Stamp duty on the lease

    Stamp duty is payable on the grant of a new lease and, as a matter of contract, is usually paid by the tenant. For a term of seven years or less (or an undefined term) it is $50 where the annual rent is between $2,001 and $5,000, and 1 per cent of the annual rent above $5,000. For a term over seven years and up to 35 years it is 2 per cent of the annual rent above $5,000. On a $1,650 a month unit on a five year lease that is $198.

    Registration and forfeiture

    Leases for a term of two years or less, and periodic tenancies, are overriding interests that bind the land without registration; longer leases are registered against the parcel at the Land Registry. A landlord can forfeit a lease on a breach of a tenant covenant, so the repair, use and assignment clauses matter more than the headline rent.

    Strata and utilities

    A small strata plaza unit carries about $290 to $300 a month in strata where disclosed. Electricity is the big variable: the Pelican Energy fuel factor alone, one component of the bill, moved between $0.156 and $0.212 per kWh on Providenciales in the first half of 2026, and the base energy charge is on top. Ask whether the unit is separately metered; the Regent Village units are.

    Before you trade

    A signed lease does not license the business. The business licence (annual, expiring 31 March) comes from the Revenue Department and the category rules decide whether you can hold it. Liquor, medical and similar activities need their own licences. Signage and any change of use may need Planning approval; ask the landlord what the unit is approved for.

    Six things to settle in writing

    Security deposit and what it covers. The rent review mechanism and dates. Who pays strata, insurance and stamp duty. The exit clause and any break option. Fit out approvals, who owns the improvements at the end, and the reinstatement obligation. Assignment and subletting, which decide whether you can sell the business with the lease.

    Sources: Chambers and Partners Real Estate 2026, Turks and Caicos chapter (Griffiths and Partners), for lease stamp duty rates and who customarily pays; Griffiths and Partners, Turks and Caicos Law and Practice, on typical term; Legal 500 Country Comparative Guide, Turks and Caicos Real Estate, on overriding interests and forfeiture; Pelican Energy TCI fuel factor notices, January to June 2026; Revenue Department business licence page. General information, not legal advice.

    Occupancy cost estimator

    Uses only the rates evidenced above. Change any figure to match a quote you have been given.

    Licence fees run from $150 to $15,000 a year by activity; $1,500 is a placeholder, not a quote. Utilities depend on air conditioning hours and the fuel factor; enter your own figure.

    $0
    Rent per month
    $0
    All in per month (rent, strata, utilities, licence spread)
    $0
    All in per year
    $0
    One off stamp duty on the lease

    Check these numbers with Drew
    Estimator only. Stamp duty on the lease follows the Chambers 2026 schedule: $50 for annual rent of $2,001 to $5,000; 1 per cent of annual rent above $5,000 for terms of seven years or less; 2 per cent for terms over seven and up to 35 years. Confirm every figure with the landlord and your attorney before signing.
    Have commercial space to let or sell? List it here, free.
    Owners, strata managers and agents: send the unit details below. Drew reviews every submission personally, calls you if anything needs checking, and publishes approved listings on this page in the owner listings section, with your contact routed however you prefer. No fee, no exclusivity.

    List your space

    Fields marked with an asterisk are required. Everything else helps a tenant decide faster.

    What happens next

    The submission goes straight to Drew. He checks the unit against the plaza record, confirms the figures with you, and adds the listing to the owner listings section below, usually within a few days. Tenants who register on this page are told when new space appears.

    If you would rather talk first: WhatsApp Drew or email drew@tcibrokers.com.

    Why list here

    This page is built for the people who are actually looking: business owners, many of them overseas, who cannot walk the plazas and ask. A listing here sits next to the rent evidence and the plaza record, so an enquiry arrives already knowing what the space is and what it should cost.

    Where your unit sits

    Enter the unit and your figure to see it against the rent and sale evidence on this page. A comparison, not a valuation.

    $2.50 off strip$3.50 Turtle Cove 2026

    Ask Drew for a broker opinion of value

    Selling rather than letting

    Choose For sale on the form and Drew will call you about an MLS listing with Christie’s International Real Estate, or add the unit to the sale ledger above if it is already listed elsewhere.

    Owner listings

    Space submitted through this page and checked by Drew

    No owner listings have been published yet. The first one submitted and checked will appear here.

    Looking for space? Tell Drew what you need

    Most commercial space on these islands changes hands before it is advertised. Put your requirement on record and Drew matches it against the owner listings, the plaza managers and what he hears is coming free. Requirements are also published anonymously on the board below so owners can see the demand.

    Space wanted

    How the matching works

    Drew keeps every requirement on file. When an owner lists space through this page, or a plaza manager mentions a unit coming free, the requirements that fit are contacted first, before anything is published. Registered readers are told when new space is listed either way.

    Space wanted board

    Anonymous requirements on file with Drew

    No requirements published yet. Owners: the first ones will appear here as they come in.

    For sale now: the commercial ledger

    Every commercial property on the TCREA MLS at 29 September 2026, plus the commercially zoned land and pipeline units that a buyer would compare against them. Tap the button on the left of any row to ask Drew about it.

    PropertyAreaTypeSizeAskingPer sq ftMLSStatus
    Regent Village, Unit D104.105
    Double unit let as an entertainment bar; built 2007; strata by HAB
    Grace BayPlaza unit1,706 sq ft$2,500,000$1,4652600361Active
    The Axis of Grace Bay
    0.92 acres, 125 ft frontage, 320 ft depth; MLS sub area Leeward Going Through, Grace Bay; concept by Dune Design, not planning approved; listed by Drew
    Grace BayDevelopment land0.92 ac$2,990,000$3.25m / ac2600290Active
    Grace Bay parcels 96 and 97
    Two lots behind Grace Bay Road and Bella Luna; zoned Mixed Use; six floors approved on nearby one acre sites
    Grace BayDevelopment land1.85 ac$7,500,000$4.05m / ac2500725Active
    Grace Bay redevelopment site
    Two storey duplex trading as a short term rental on 0.69 acres; zoned tourism and hospitality; built 2004
    Grace BaySite with income2,830 sq ft$4,290,000site value2600572Active
    The Hub
    24 unit plaza completed 2024, 17 tenants at listing; offered as a whole in 2025, not in the current feed; individual units available to lease
    Grace BayWhole plaza37,461 sq ft$15,900,000$42425009702025, TBC
    La Vista Azul commercial unit
    Strata plaza unit at the Turtle Cove resort; recent plaza sale at $709 per sq ft
    Turtle CovePlaza unit618 sq ft$429,000$6942600652Active
    Azure Plaza units
    14 units of about 600 sq ft, built 2025; four units were listed at $295,000 to $315,000; availability TBC
    Long BayPlaza unit600 sq ft$295,000 to $315,000$492 to $5252400509, 2400547, 2500487, 2500489TBC
    Leeward Highway, Long Bay Hills lot
    About 115 ft of highway frontage plus an Aqua Lane entrance; pitched for a mixed use plaza or staff housing
    Long BayCommercial land0.46 ac$750,000$1.63m / ac2600445Active
    Leeward Highway at Kakeka Street
    Zoned commercial and residential; five to ten minutes from the Grace Bay centre
    Long BayCommercial land0.59 ac$770,000$1.31m / ac2600606Active
    1140 Leeward Highway, Blue Mountain
    Showroom, storage and repair building, 1,000 sq ft mezzanine, 4,000 sq ft fenced yard; built 2006
    Leeward HighwayShowroom and yard12,780 sq ft$2,950,000$2312500743Active
    Leeward Highway by Suzie Turn
    1.63 acres with 117 ft of frontage, car dealership in occupation, 2,682 sq ft main building and 2,748 sq ft workshops; offered in 2025, not in the current feed
    Leeward HighwayBuilding and land5,430 sq ft$1,800,000site value25002912025, TBC
    Leeward Highway, Downtown
    Income generating commercial building on 1.13 acres
    DowntownBuilding and land1.13 ac$2,800,000n/a2400011Active
    70 Airport Road
    Less than two minutes from the airport, 0.40 acres
    DowntownBuilding and land7,295 sq ft$1,350,000$1852600397Active
    Norway Five, Airport Road
    Former 39 room hotel, 43 units in all, on 0.71 acres
    DowntownBuilding and land17,856 sq ft$13,000,000$7282500887Active
    Old Airport Road, Kew Town
    58 income producing units across from the private airport; built 1990; pitched for condo hotel, apartments or business complex
    DowntownBuilding and land58 units$6,999,000$120,672 / unit2600015Active
    Williams Storage, Mechanical Drive
    Established turnkey storage business on 4.05 acres
    IndustrialBusiness, building and land61,000 sq ft$6,800,000$1112600711Active
    Williams Storage 1 and 2, Mechanical Drive
    Turnkey storage business on 2.79 acres of industrial land
    IndustrialBusiness, building and land39,300 sq ft$4,000,000$1022600710Active
    Shamrock Storage, Industrial Drive
    Turnkey storage business on 1.26 acres
    IndustrialBusiness, building and land21,700 sq ft$2,800,000$1292600709Active
    Leeward Highway, Richmond Hill
    Two buildings on 0.568 acres, paved yard, highway frontage; built 2008; pitched for offices, schools or civic use
    IndustrialBuilding and land24,742 sq ft$1,400,000$572500730Conditional
    Chalk Sound, building and land
    Set in the heart of a residential community; full description TBC
    SouthBuilding and land0.84 ac$2,500,000n/a2600395Active
    Lighthouse Road, Grand Turk
    12,000 sq ft office building on 0.60 acres, built 2005; ground floor let to the TCI Government
    Grand TurkOffice building12,000 sq ft$2,800,000$2332500171Active
    Sources: TCREA MLS via the Hamilton Real Estate commercial feed (updated 29 September 2026), Keller Williams TCI commercial feed, Grace Bay Realty and Century 21 listing pages, cirecaribbean.com (The Axis of Grace Bay). Per square foot figures are asking price divided by the MLS floor area and are indicative only; land is shown per acre. Rows marked 2025, TBC were on the MLS in 2025 and are shown for comparison; confirm status before relying on them.

    Sold evidence

    Commercial sales are few and the MLS treats prices older than a year as confidential, so those stay blurred for everyone, registered or not. What can be shown is the one plaza with a public run of unit sales, which happens to include a 2026 record.

    La Vista Azul plaza, Turtle CoveSizeSoldPer sq ft
    2026 MLS 2501027, ground floor unit, 237 days on market; let at $1,850 per month, strata $290.60 per month, vendor bridge financing offered529 sq ft$375,000$709
    January 2023 MLS 2200563, corner unit with bathroom, high ceilings, exclusive easement to a 1,000 sq ft deck, long term restaurant tenant1,024 sq ft$300,000$293
    November 20211,148 sq ft$159,600$139
    March 2015880 sq ft$169,800$193
    February 2015529 sq ft$100,000$189
    November 20081,024 sq ft$319,500$312

    How to read it

    The 2026 sale set a new ceiling for the plaza on both headline price and rate per square foot, and it did so with a tenant in place at a rent that annualises to just under six per cent of the price before strata. The earlier sales, all more than a year old and therefore confidential, show that small units in this plaza have not historically carried a premium per square foot over larger ones, which is why a 618 sq ft unit is now asking on the proven rate rather than above it.

    Whole building sales (plazas, storage yards, hotels) are negotiated privately and the MLS is silent on most of them. If you need the confidential figures for a valuation, a financing case or a lease negotiation, contact Drew directly; registration does not unlock them.

    Ask for the confidential figures
    Source: TCREA MLS sold records (SqFt Unit field) as exported by Drew Scrymgeour, August 2026. Sale prices more than twelve months old are confidential under MLS rules and are blurred permanently.

    The price per square foot ladder

    Asking prices for built commercial space, divided by the MLS floor area. The spread from top to bottom is more than twenty five times, and it is almost entirely location and use, not build quality.

    Regent Village D104.105, Grace Bay Norway Five hotel, Airport Road La Vista Azul unit, Turtle Cove Azure Plaza unit, Long Bay (top of range) The Hub, whole plaza, Grace Bay (2025) Lighthouse Road offices, Grand Turk 1140 Leeward Highway showroom 70 Airport Road Shamrock Storage, Industrial Drive Williams Storage, Mechanical Drive Williams Storage 1 and 2 Richmond Hill, two buildings $1,465 $728 $694 $525 $424 $233 $231 $185 $129 $111 $102 $57 Asking price per square foot of MLS floor area, September 2026. Gold: tourist facing or hospitality. Teal: office, showroom and plaza. Grey: yard, storage and civic.
    Sources: as the sale ledger above. The Hub figure is its 2025 asking price. The Norway Five figure is a former hotel and is included because it sits on the airport corridor; hospitality use explains the rate.

    What is coming: the commercial pipeline

    For the first time since the Regent Village opened, Grace Bay is adding new ground floor retail in quantity, all of it under residences. Add Azure Plaza on the east highway and a redevelopment site in the best block of the strip, and the next three years bring more new commercial units than the previous fifteen.

    2007 and 2009

    The Regent Village opens in two phases, 120,000 sq ft, the first integrated condo and retail development in the country. It has been the ceiling of the market ever since.

    2024

    The Hub completes on Sandcastle Road: 24 units over two and three storeys with a lift, 17 tenants by 2025, offered as a whole at $15.9 million.

    2025

    Azure Plaza delivers 14 units of about 600 sq ft on Leeward Highway at Long Bay Hills, priced from $295,000. Grace Retail and Residences is scheduled to break ground in the fourth quarter on the Grace Bay strip: 9 retail spaces and a restaurant under 32 to 43 residences with a rooftop pool, gym and lobby. Listed by Christie’s International Real Estate.

    2026

    Saphora rises in central Grace Bay: 6 street level retail spaces, a café and a signature restaurant under 44 residences and two penthouses across six floors on 1.01 acres. Grace Bay Plaza closes for construction in the block between Saltmills and the Regent Village. In June, Grace Retail and Residences announces a financing partnership with CIBC and reports some retail spaces still available for lease.

    2027

    Main Street Grace Bay is scheduled: 147 residences on 4.12 acres with prime commercial spaces on the ground floor, the largest single mixed use scheme yet proposed for the district.

    Sites in play

    The Axis of Grace Bay (0.92 acres, 125 ft of frontage, $2,990,000, reduced from $3,390,000, listed by Drew), parcels 96 and 97 (1.85 acres, Mixed Use, $7,500,000), and two Leeward Highway lots at Long Bay (0.46 and 0.59 acres, $750,000 and $770,000). Nearby one acre sites have been approved for six floors, which is the density assumption behind every scheme above.

    What it means for a tenant

    New build retail under residences comes with a lobby, management, parking and a captive audience upstairs. It also comes at new build rents. Anyone with a lease renewal due in 2027 or 2028 in one of the older plazas will have real alternatives to price against for the first time.

    What it means for an investor

    Single units in the pipeline schemes are sold with the residences, so a business can own its own premises on the strip without buying a whole plaza. The Regent Village ask of $1,465 per sq ft and the La Vista Azul sale at $709 per sq ft bracket what a completed strata unit is worth once it is trading.

    Confirm before you commit

    Completion years for pre construction schemes are the developers’ own. The MLS year built field has been wrong before on schemes that ran late. Ask for the construction contract date, the planning approval reference and the current stage before a deposit.

    Sources: habgroup.com; TCREA MLS listing descriptions (The Hub 2500970, Azure Plaza 2400509 to 2500489, Saphora 2500562, Main Street Grace Bay 2500376, Grace Retail and Residences via Century 21, Corcoran and Keller Williams feeds); Newsline TCI, 22 June 2026; Visit Turks and Caicos (Grace Bay Plaza, June 2026 update).

    Before you sign: what an overseas business owner needs to know

    Leasing or buying the space is the easy part. Trading from it is governed by the business licence regime, and working in it yourself by immigration. Both are being reformed. The points below are the framework as published; the professionals to take you through it are in the Legal Atlas.

    The business licence

    Every business operating in or from the islands needs an annual business licence from the Revenue Department. There are 15 categories and 253 fee classifications; 90 classifications are reserved for Turks and Caicos Islanders or Islander controlled companies and 18 are restricted. Annual fees run from $150 to $15,000 depending on the activity (one legal guide puts the ceiling at $7,500). A business doing more than one activity needs a licence for each, and liquor, medical and similar activities need their own separate licences.

    Licences expire on 31 March every year; renewal runs February to the end of April and penalties of 10 per cent a month apply from 1 May.

    Reserved categories currently require at least 51 per cent Islander ownership. In March 2026 the Revenue Department published a proposed four tier structure: Exclusive (Islanders only), Reserved (at least 60 per cent Islander), Restricted (Cabinet review for sectors such as energy, hospitals and gaming) and General (no ownership restriction). Reserved categories have historically included boat charters, grocery stores, small law firms and real estate agencies. Check your activity against the current list before choosing premises.

    The right to work

    If you will run the business yourself you need the right to work: a work permit, or a Permanent Residence Certificate with the right to work. Investment routes to residence, as reported by Visit Turks and Caicos, require at least $1,500,000 invested on Providenciales and the cays or $750,000 on Grand Turk, Salt Cay, North, Middle or South Caicos, with at least 60 per cent of employees being Turks and Caicos Islanders. Work permits are also issued on skills. Confirm current thresholds with Immigration or your attorney; they change.

    Invest Turks and Caicos, the government agency established in 2015, gives free guidance to prospective investors on licensing, company formation and concessions. Company incorporation itself must go through a licensed company manager.

    Buying a unit

    Plaza units are strata titled. Budget for stamp duty on the purchase (on Providenciales 6.5 per cent from $25,000 to $250,000, 8 per cent to $500,000 and 10 per cent above that, applied to the whole price; 5 per cent and 6.5 per cent bands on the other islands), legal fees of about 1 per cent, and the monthly strata charge, which on a small Turtle Cove unit runs about $290 to $300. Work the closing figure with Drew’s calculator rather than a rule of thumb: soldby-drew.com/closing-cost-calculator.

    Vendor financing appears in this market more than people expect: the 2026 La Vista Azul sale offered bridge financing with $75,000 down, and Azure Plaza was sold off plan. Local lenders and the private mortgage funds are set out in the Banking Atlas.

    Leasing a unit

    Ask for the service charge schedule with the rent, and whether power and water are separately metered (they are in the Regent Village, and not everywhere). Settle the lease length, the review mechanism, the exit clause and who approves fit out and signage before you brief a contractor. Fit out on these islands takes longer than anywhere you have done it before; the Contractor Atlas and the Architecture Atlas list who can do it.

    Parking is the quiet deal breaker. The older plazas were built with too little of it; the Regent Village has 170 spaces and the newer highway plazas were designed around it. Visit at eleven on a Tuesday in February before you sign.

    From lease to trading: the checklist

    Tick items off as you go; the page remembers your progress on this device. Each step links to the Atlas that covers it.

    1. Check your activity against the business licence categories

      Exclusive, reserved, restricted or general decides whether you can hold the licence at all and whether you need an Islander partner. Read the Revenue Department notice of 8 March 2026 before anything else. Revised categories and fees

    2. Incorporate through a licensed company manager

      Reserve the company name and supply due diligence on directors and shareholders; incorporation can only be done through a licensed company manager. The Legal Atlas lists the firms. Legal Atlas

    3. Secure the right to work

      A work permit on skills, or a Permanent Residence Certificate with the right to work by investment. Start this early; it runs in parallel with the lease. Government Services Atlas

    4. Open the bank account

      Accounts can take several months to open and you will need one for the lease deposit, the licence fee and payroll. Banking Atlas

    5. Agree heads of terms on the unit

      Term, rent, strata, deposit, reviews, break, approved use, fit out and reinstatement, assignment. Use the six points above as the agenda.

    6. Sign the lease, pay the stamp duty, register if over two years

      1 per cent of annual rent for terms up to seven years, 2 per cent above that, usually paid by the tenant. Leases longer than two years are registered at the Land Registry.

    7. Confirm approved use and signage

      Ask the landlord what the unit is approved for and whether your use or your sign needs Planning approval before you order either.

    8. Apply for the business licence

      Business Licence Application Form and SIGTAS registration to the Revenue Department, with supporting documents; separate licences for liquor, medical and other regulated activities. Licences expire every 31 March. Government Services Atlas

    9. Connect utilities

      Pelican Energy TCI for power (register on their online portal), Provo Water Company on Providenciales, Flow or Digicel for internet. Confirm whether the unit is separately metered first.

    10. Register as an employer

      National Insurance Board and National Health Insurance Board registrations before the first payroll. Government Services Atlas

    11. Fit out

      Contractors and trades in the Contractor Atlas; design in the Architecture Atlas. Allow longer than you would at home. Contractor Atlas

    12. Diary the renewals

      Business licence renewal runs February to the end of April with penalties from 1 May; work permits renew annually; rent reviews on the lease dates.

    Sources: Revenue Department, Turks and Caicos Islands Government (business licence page; revised categories and fees notice, 8 March 2026); Invest Turks and Caicos (Starting a Business in TCI); Chambers and Partners, Investing In 2026 and Real Estate 2026, Turks and Caicos chapters; IR Global; Visit Turks and Caicos (Starting a Business; Investing; Banks; Electricity); Pelican Energy TCI. This is general information, not legal advice.

    Where the sources disagree

    Set out so you can see the gap rather than have it papered over.

    PointOne source saysAnother saysThis Atlas uses
    Regent Village floor area120,000 sq ft of commercial, retail and office space (HAB Group project text)150,000 sq ft of new construction (same HAB page, features list)120,000 sq ft, treating the larger figure as gross construction
    Grace Retail and Residences unit count32 residences: 26 studios, 3 two bed, 3 three bed (2025 listings)43 residences: 35 studios, 4 two bed, 4 three bed (2026 listings)32 to 43; the 2026 figure is more recent
    Business licence fee ceiling$150 to $15,000 a year (Invest TC; IR Global)$150 to $7,500 a year (Chambers 2026; the 2022 renewal schedule ran $10 to $7,500)Both shown; the 2026 reform proposes new fees
    Reserved category ownershipAt least 51 per cent Islander owned (Chambers, January 2026)At least 60 per cent Islander owned (Revenue Department proposal, March 2026)51 per cent current, 60 per cent proposed
    Allegro Road medical complexNeptune Court (Visit TCI shopping plazas page, 2026)Neptune Plaza (older Visit TCI real estate plazas page)Neptune Court, with the alternative name noted
    Lighthouse Road office building, islandProvidenciales (Keller Williams commercial feed)Grand Turk (MLS record via Hamilton; description says central Grand Turk)Grand Turk
    Azure Plaza construction stage60 per cent complete (TCREA listing text)70 to 75 per cent complete (Grace Bay Realty feeds); year built 2025Built 2025; current occupancy and availability TBC

    Common questions

    Can a foreign owned company lease commercial space here?

    Yes. There is no restriction on a foreign company taking a lease or buying a strata unit. The restrictions bite on the trading licence: if your activity falls in a reserved or restricted category you need an Islander majority partner or Cabinet approval before you can trade from the premises, so check the category before you commit to space.

    What is a realistic rent for a small office or shop?

    For a unit of about 500 sq ft, plan on roughly $1,650 a month in Grace Bay and roughly $1,250 a month in a presentable complex elsewhere, before strata and utilities. Two Turtle Cove plaza units let at $1,650 and $1,850 a month in 2026. Larger units are quoted individually; ask the plaza managers listed in the directory.

    Should I buy a unit or lease one?

    Set the numbers side by side. The current asks for a completed strata unit run from $694 per sq ft at Turtle Cove to $1,465 per sq ft in the Regent Village, plus stamp duty and legal fees, against a lease at roughly $30 to $42 per sq ft a year. The 2026 Turtle Cove sale carried a tenant whose rent was just under six per cent of the price before strata. Whether that is a good trade depends on how long you intend to be here and what your capital earns elsewhere.

    Where do restaurants and bars do best?

    On the strip, in the marina enclaves, and increasingly at the new mixed use schemes that are building a restaurant into the plan. The Restaurant Atlas maps every restaurant in the country by cuisine and location, and the low season schedule page shows who closes in September and October, which is the honest test of a site.

    How do I find a vacancy if nothing is advertised?

    Vacancies are filled by the plaza managers and by word of mouth. The Saltmills and the Regent Village have leasing offices; the smaller plazas are owned privately. TCI Mall carries classifieds. Drew keeps a running note of what is quietly available; the WhatsApp button at the foot of the page is the quickest route.

    Is Grand Turk a serious option?

    For government facing work, professional services and anything trading on ship days, yes. The Lighthouse Road building shows what modern office space there looks like, with government as the anchor tenant. Retail lives and dies by the cruise schedule; open on the days the ships are in and plan the rest of the week around it.

    I do not know which plaza suits me. Where do I start?

    Use the three question chooser near the top of the page. It scores the corridors on who your customers are and what you are opening, applies the evidenced rents to your budget, and names the plazas to look at first. Then send the answers to Drew or file a space wanted requirement and let the space come to you.

    I have space to let. How do I get it on this page?

    Use the List your space form above the sale ledger. It goes straight to Drew, who checks the details with you and publishes the listing in the owner listings section, free of charge. Tenants who have registered are told when new space appears.

    Is there stamp duty on a lease?

    Yes. Stamp duty is charged on the grant of a new lease and is usually paid by the tenant. For a term of seven years or less it is 1 per cent of the annual rent where that rent exceeds $5,000 (a flat $50 between $2,001 and $5,000); for terms over seven and up to 35 years it is 2 per cent. On a typical $1,650 a month unit on a five year term that is $198, paid once. Leases longer than two years are registered at the Land Registry.

    Why are some figures blurred?

    Two reasons. Sale prices older than twelve months are confidential under MLS rules and stay blurred for everyone; contact Drew directly if you need them for a valuation or a financing case. A few current figures and the leasing contact directory are held behind free registration so that the people who use this page can be kept up to date when it changes.

    More from the Atlas series

    Buying, leasing or selling commercial space?
    The Axis of Grace Bay is on the market now at $2,990,000 (MLS 2600290). For any other plaza, unit or building on this page, or one that is not, Drew will tell you what it is really worth and who to talk to.
    Contact
    Drew Scrymgeour
    Christie’s International Real Estate Turks & Caicos
    One Season Plaza, Grace Bay, Providenciales
    +1 649 333 3332 (calls and WhatsApp)
    drew@tcibrokers.com
    soldby-drew.com · drewspropertyfinder.com
    Site Sketcher for testing what fits on a commercial lot
    The Commercial Atlas · The Axis of Grace Bay, 0.92 acres, $2,990,000 Enquire List space