$905,608 lease deed recorded on the Centro Internacional de Mercadeo I office condominium in Pueblo Viejo, Guaynabo

This kind of deed enters a lease of real estate in the Property Registry. The registry law allows that for leases of six years or more, or when the parties agree to record it.

The lot and its permit history

The property's lot belongs to Condominio Centro Internacional de Mercadeo I, an office condominium building, and covers 13,059 m2 / 140,569 sq ft. The Puerto Rico Land Use Plan classifies the lot as urban land (90%) and road system (10%). Urban land is served by roads, water, electricity and other infrastructure in areas already consolidated by building, although the class alone does not make a lot buildable. The lot's zoning districts are I-2 (90%) and VIAL (10%).

The permits office holds 12 filings for this property over the past 24 months. One project, a signage effort, filed three requests for a sign and billboard installation permit between January 2025 and September 2026. The earliest of them is approved, and the record is Id.000237 Monster bTV Expreso De Diego PR22 & PR165: sign and billboard installation permit, filed September 12, 2026; sign and billboard installation permit, filed July 15, 2025; sign and billboard installation permit, status approved, filed January 6, 2025.

A second project filed four requests between June and August 2026, recorded as WID-022 CIM: infrastructure recommendation request, filed August 17, 2026; consolidated construction permit, status incomplete, filed August 14, 2026; health and safety recommendation request, status approved, filed July 8, 2026; environmental compliance determination by categorical exclusion, status approved, filed June 26, 2026. Its works description reads "Telecommunications facility on the roof of an existing building, with an equipment installation area, for the co-location of wireless service providers."

The office approved two of those filings. One was an environmental compliance determination by categorical exclusion, which certifies that a predictable or routine action needs no further environmental planning. The other was a health and safety recommendation request, where the office reviews recommendations from the Health Department, the Fire Bureau and the Police Bureau for construction works.

The telecommunications project's consolidated construction permit, which combines the construction, remodeling, demolition and urbanization works permits into one, is incomplete. Its infrastructure recommendation request is the kind of filing made before a construction permit or consultation to check whether infrastructure is available for a project.

What offices in the building ask

Three offices in the same building are listed for sale: $190,000 for 137 m2, $300,000 for 188 m2 and $869,000 for 207 m2, between $1,385 and $4,193 per square metre. An office of 130 m2 is offered for rent at $3,900 a month, about $30 per square metre.

Sales in the neighbourhood and the town

In the Pueblo Viejo neighbourhood, buyers and sellers recorded 361 sale deeds in the 12 months from November 2024 to October 2025, fewer than the 425 of the 12 months from November 2023 to October 2024. The median price of those sales rose over the same span, to $230,000 from $200,200. That points to a quieter year for sales in the neighbourhood, at a higher typical price.

The municipality of Guaynabo followed a similar pattern. It recorded 1,142 sale deeds in the 12 months from November 2024 to October 2025, fewer than the 1,348 of the 12 months before that. Its median sale price moved up to $225,000 from $216,000.