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One example of where the government not only recognizes
this growth, but has for example, moved the “Head office” for Migracion
from the capital city of La Paz to Cabo San Lucas. The Mexico tourism
board last year was reported as having been satisfied with the occupancy
of Cancun and Cozumel, they were to now focus on promoting Los Cabo Baja
California. It seems to be working as many of the new resorts are already
boasting a 65% occupancy or better on the average.
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Stylized view of the Westin Concourse in San Jose del Cabo |
Just
seeing all the new resorts that have been completed in the last year like
the Marquis de Los Cabos, Dream, La Estancia and the all new inclusive RIU
Palace one can see there is much going on to develop Cabo into one of the
major resort destinations of the world.
Greater evidence of this explosive growth is in all the
new businesses that have been created for the tourist as well as for the
residents and businesses supplying those tourists.
In 2004 and early 2005 we saw completed new Costco and
City Club, department stores and Soriannas and CCC grocery stores. Along
with many of the businesses based in La Paz, only 150 kilometers (93
miles) to the north creating branch offices and stores that almost
immediately see a greater success than they have in the past in the
capital city.
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Puerto Paraiso in the Cabo Marina is filling up with stores, a multi
screen cinema with VIP seating and many great places to eat. |
As for Cabo tourist there are several new bars like
Roxx, Mambo Café, Moon Crab, and new restaurants like the Roxx, 2 South,
Desperados, La Casa Country and Pan Asian Chinese food just to name a few.
There has also been branching out by existing restaurants like Greenberg’s
Mexitessen who is now additionally located in the yet to be filled Puerto
Paraiso shopping mall and the Baja Cantina and the Nowhere Bar, with their
additional Medano beach locations.
There are also new medium sized businesses showing up
with products actually from Cabo San Lucas such as the
Cabo Coffee Company and Cabo Chips. While most goods sold in Cabo are
not from here there are more and more of the small gift shops and leather,
clothing and gallery stores selling everything from all over Mexico.
You will also notice due to the increased Cruise Ship
traffic the increase of high end jewelry stores such as Pacific Jewelers
with 6 stores and Diamonds International.
There are also many new as well as expanded tourist
services as witnessed by the size of the growing ATV rental market, jet
ski, parasailing, or the increase in sailing charters like the La
Princessa fleet with its new Spin Doctor Catamaran.
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Spin Doctor take private charter guest past the famous Land's End &
Arch rock as well as snorkeling tours to Santa Maria.. |
Major developments are happening all over as well with the already known
Mayan Palace and Pueblo Bonito moving ahead fast on their new golf
resorts, condo timeshare developments. It is rumored that in the month of
February that 25 million dollars worth of timeshares were sold in the Los
Cabos region.
There is also the new fast moving development of the
new Marina Los Cabos in San Jose del Cabo with an adjoining golf course.
This development has already sold 75% of their inventory in their phase
one of retirement housing. They are ahead of schedule (in Mexico?) and are
planning on opening phase two sooner than planned.
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Labor and materials can be at a premium in a town where a major new
building seems to pop up every week. |
Many of the construction supply, hardware, tile, stone,
plumbing, electrical, roofing and paint stores have been springing up
everywhere. Also many mainland contractors from Mexico City and
Guadalajara have shown up for the medium to large developments.
All in all while there may not be hard figures to show
exactly what the growth is it is obvious to most this is only the
beginning of an explosive growth period for the Los Cabos region. I lived
in Aspen in the 70’s and Hood River Oregon in the late 80’s to early 90’s
and this has very a familiar feel to it.
Of course if you are one of the “old timers” that help
“build” the Los Cabos region you may be ready to pull out of the growing
metropolis of Los Cabos. My feeling is that for every one person leaving
there are at least 10 new ones coming and another hundred thinking about
it. So if you are interested in relocating to a “fun in the sun” place to
live that is full of opportunity you will want to check out the Los Cabos
area
 Baja
California Real Estate & Consulting
Cabo San Lucas • Las
Vegas, NV
(702)-953-8756 or
Cabo San Lucas
624-143-4327
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