Costa Rica faces shortage of commercial real estate
Commercial real estate is in short supply in Guatemala, under pressure from a sharp rise in demand in recent years.
Monday, May 12, 2008
In the San José area, some 450,000 square meters of commercial real estate have been built, but only 10,000 square meters is still available, according to a study by Colliers International.
Although construction of residences and hotels has been the leader in real estate growth in Guanacaste, commercial buildings that spring up as a complement to the residential development are not far behind.
Costa Rica lacks housing for the middle-income sector.
The five-story building, with a construction area of 4,127 square meters, is valued at $ 1.07 million.
Complete gray works and at least 48 thousand square meters in the plant located in Down Town are part of the features that the office buildings to be offered to the Ministry of Finance must have.
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