Change in Lifestyle vs. Rental PricesIt 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.Tuesday, May 12, 2020
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. Source: Nacion.com Do you need to understand the new reality of the real estate market? Contact Us!Need assistance? Contact us
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Real Estate Rentals: Outlook for 2021September 2020 Because the supply of office and commercial buildings has increased, and at the same time unemployment has also risen, in Costa Rica the directors of these properties foresee that next year the parties will have to renegotiate the contracts. Shopping Centers: Unemployment Rate ConcernsSeptember 2020 As a result of the crisis, in Costa Rica in June of this year the rate of availability of premises in shopping centers climbed to 11.8%, a proportion of concern because a healthy level should not exceed 10%. Real Estate Market: Prices in the New RealityMay 2020 It is predicted that in Panama due to the health and economic crisis the inventory of available properties will increase, a situation that will put downward pressure on property prices and rents, affecting mainly the office and commercial space segment. Rentals: Lower Occupancy, Lower PricesMay 2020 As a result of the crisis, the unemployment rate of commercial premises in Costa Rica rose from 8.81% to 9.86%, and the average price per square meter fell by 3%.
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