Commercial Real Estate Market in Costa Rica

There is Increased investment in medium-sized commercial developments in the vicinity of residential areas.

Friday, February 7, 2014

Changes in people's habits, looking to cut commuting time from their place of work to their homes is influencing the investment decisions made by real estate developers who are focusing on building medium sized malls (between 1,000 and 5,000 m), located in the vicinity of residential areas and at high traffic points.

"Currently there are nine projects with these features under construction in the Greater Metropolitan Area (GAM) confirmed real estate developers and the real estate consulting firm Colliers.

Federico Guardia, director of Business Development at Colliers said: "The trend being followed by the commercial property market is is geared towards convenience squares located near established residential centers and those under development."

"... This type of project allows for consumer demand to be mitigated in terms of travel time and provides the convenience of being able to make quick purchases." "



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November 2013

2013 has confirmed a trend toward mixed-use projects with spaces for various uses, especially commercial, residential and office space.

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New Real Estate Projects in Costa Rican Pacific

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There are plans to build a mini-city on the beach in Puntarenas, two mega projects and 6 other smaller works that represent $211 million in investments.

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More Investment in Property in Costa Rica

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Industrial parks, shopping centers, office complexes and homes are the new developments announced by real estate groups.

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Development Hub in Guatemala

January 2013

The boom in housing projects and shopping centers in San Lucas Sacatepequez is attracting new business investments to the area.

The geographic location of the Pan American Highway that runs through the town center, has transformed San Lucas into a 4 km corridor where there are restaurants, shops, furniture stores, convenience centers and five commercial spaces.

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