The oversupply of office space and changes in the dynamics and ways of working of companies have led the office rental market to a corrective or adjustment phase, which is mainly evidenced by the downward pressure on rental prices.
At the beginning of 2021, CentralAmericaData expected that in the coming years, 4 out of 5 companies will bet on hybrid work modalities, which include face-to-face and remote activities. This phenomenon will force office supply to adjust to the new market conditions.
Since it is expected that when the pandemic is overcome, 4 out of 5 companies will opt for hybrid working modalities, which contemplate face-to-face and distance activities, the offer of offices will have to be adjusted to the new market conditions.
Before the pandemic, it was estimated that only 30% of companies were betting on modalities that included face-to-face and telecommuting activities.
Since office construction is still active and could enter a phase of over-supply, combined with the strong increase in telecommuting, the market could face a contraction in the coming months.
It is estimated that the increase in online sales and the greater trend towards telecommuting will result in a lower demand for commercial premises and offices, exerting downward pressure on the price level of rents in the long term.
The quarantines decreed in the Central American countries because of the covid-19 outbreak, have caused a transformation in the operations of the companies, in the ways of working and in the models of business and sales.
No more than ten years of construction time and at least 140 parking lots are some of the characteristics of the building being sought by the SAT.
The Superintendency of Tax Administration is looking for an office building that is located in"... zones 1, 4, 9, 10, 12, 13, 14 or 15 of the municipality of Guatemala, with easy access to urban buses, has a treatment plant and which is available starting from September this year."
Plaza del Este held the Forum on Prospects and Competitiveness Analysis in Panama 2014 in the Hotel Westin Costa Del Este, for a selected group of local businessmen and representatives of multinationals.
The project for creating corporate offices is being developed by Empresas Bern together with Grupo Corporativo Pérez, the latter being well known authorized distributors of the Toyota and Lexus brands in Panama.
The opening of the Desing Center corporate office buildings whose investment is $26 million, adds to the growing collection of new office centers in Zone 10 in Guatemala City.
The new center joins the 30 existing buildings and with them others whose construction is nearing completion, as is the case of the Sixtino II Building, the Interamerican Business Center, the Dubai Center and the Banco Industrial’s Tower 3 in Zone 4.
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