Top Five Locations for Buying Commercial Property in Podgorica

TEAM Real Estate in collaboration with Vijesti Daily:

Finding the ideal location for commercial space is crucial for the success of any business. A good location can increase visibility, attract more clients, and facilitate operational efficiency. As the capital, Podgorica has developed into a business hub, offering a growing number of modern commercial spaces. Purchasing commercial property can be an excellent investment, whether for your own business or for leasing, and the right choice depends on your specific business needs and goals.

To help you make the best decision for your business success, we present the five most attractive locations for business.

City Kvart
City Kvart is one of the most urban areas of Podgorica, known for its modern infrastructure and dynamic business environment. Its proximity to the Big Fashion shopping mall further enhances its appeal, making it particularly ideal for hospitality businesses such as cafés and restaurants. The high foot traffic, contemporary atmosphere, and diverse range of commercial spaces create excellent opportunities for hospitality ventures, making City Kvart one of the most desirable areas for opening and running restaurants, cafés, and similar establishments. This area also attracts a wide range of other businesses, including showrooms, banks, offices, retail stores, pharmacies, boutiques, and more, further strengthening its status as the most sought-after business location in the city. The biggest challenge in purchasing commercial property in this area is the rarity of owners willing to sell.

Capital Plaza Zone

The Capital Plaza Zone represents a prestigious business center in Podgorica. It is home to some of the most striking business complexes in the city, where numerous corporations, banks, restaurants, and hotels are located. Excellent transportation connectivity, combined with its proximity to key institutions, ensures easy access to all important city points. A large number of new buildings, modern architecture, and contemporary design make this location highly suitable for various types of business activities. Due to its prestigious status, the Capital Plaza Zone attracts many domestic and international companies that recognize the value of operating in a dynamic environment. If you are looking for a commercial space in a prestigious setting, the Capital Plaza Zone is the perfect choice.

Stari Aerodrom
Stari Aerodrom is undergoing rapid development, with the construction of new residential and commercial buildings. On Bulevar Josipa Broza Tita, near the roundabout, three large buildings with over 1,100 residential units are currently under construction. Additionally, further residential development is planned, indicating the growing potential of this area. On the opposite side of the roundabout, two new mixed-use buildings are under construction, contributing to the urbanization and attractiveness of this location and drawing in an increasing number of business entities. With growing urbanization, good transportation connectivity, and an increasing number of commercial and residential units, Stari Aerodrom is becoming an attractive location for new companies, startups, and investors. This part of the city offers numerous opportunities for different sectors, including retail, financial services, education, and e-commerce and digital technologies.

Zabjelo

Zabjelo is evolving into a dynamic city district with an increasing number of residential and commercial buildings. Its proximity to other parts of the city, as well as the Big Fashion shopping mall, makes this location appealing for various business activities. Vojislavljevića Street, known for its large business facilities such as furniture and ceramics showrooms, will gain even more significance after the planned reconstruction and expansion into a modern boulevard. With four lanes, transportation connectivity will be significantly improved, allowing faster and more efficient access to this part of the city. This will increase traffic flow, attract more visitors and customers, and open numerous opportunities for the development of new commercial properties. Buying commercial property in this area can bring significant advantages, as you can benefit from the reconstruction and modernization phase of the infrastructure.

City Center
The center of Podgorica, after a period of reduced demand, is once again becoming attractive for businesses. The reconstruction of certain streets has significantly increased demand for commercial spaces in this area. The city center is particularly appealing to hospitality businesses, from cafés and restaurants to luxury dining establishments and bars, seeking to be in the heart of urban activity. Additionally, with an increasing number of cultural and social events, the center is becoming an attractive location for other business activities. Given its proximity to important institutions, administrative centers, and tourist attractions, commercial space in the city center offers great opportunities for companies looking to establish themselves in a prime city location with easy access to a large number of consumers and clients. The main reason why the center ranks last is the decreasing number of parking spaces and the increasing difficulty of access due to the closure of certain streets and plans to close the city’s core to car traffic in the future.

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