Custom Industrial Construction

In Panama developers are being more cautious when making decisions regarding the construction of industrial projects, as they prefer to build buildings based on the needs and demands of customers.

Wednesday, December 4, 2019

In the current situation of the country, where investment in new construction, additions and repairs, reports a 9% contraction until October 2019, developers in the industrial real estate market have chosen to migrate to the "Built to Suit" (BTS) leasing model.

In the past, businessmen used to buy land and build industrial buildings, but now they prefer to focus their investments on their clients' production processes.

Learn more about CentralAmericaData's "Real Estate Project Feasibility Studies".

Aida Michell de Maduro, president of the Panama Free Zone Association, explained to that "... BTS is a link to bring added value to products, so that it is as close as possible to the end user. The most important thing is that the free trade zones are that base of added value, because of the geographical position of the country and to be able to reach their final destinations."

Also see "Big Data and Real Estate Market"

Real estate companies believe that according to current contract trends, customers have more advantages over developers.

You may be interested in "Central America: $70 Million in Industrial Investment"

Eileen Chevez, market research consultant for Grupo Siuma, said that "... we have now become a buyer's market, where buyers have an advantage over the seller in terms of negotiating the prices requested."

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More on this topic

Real Estate Market is Saturated?

October 2018

It is estimated that it will take about seven years to commercialize, through the usual channels, the over-supply of between 500,000 m2 and 600,000 m2 that currently exists in the real estate market in Panama.

Those times when real estate projects were selling fast are already in the past.

Industrial Warehouses: Lower Rental Prices

September 2018

Between January and June the average rental price per square meter requested from warehouses in Panama City dropped from $8.95 to $8.40, due to a slight increase in the supply of available spaces.

According to a report prepared by the CBRE, at the end of the first six months of the year, average rents requested from Class A warehouses decreased slightly from US $8.95 per m² per month, to US $8.40 per m². 

The Real Estate Boom in Managua

October 2017

Shopping centers and office buildings are the main works that are being developed around the suburban runway, along the southern highway in the capital of Nicaragua.

Real estate growth in Nicaragua is occurring in various areas of the country, but especially in the capital and its surroundings.  As indicated by figures from the Central Bank's most recent report on private construction, the greatest investment is observed in the capital and its surroundings, and specifically, in developments for the commercial and service sectors. 

Costa Rica: Concentration of Industrial Development

September 2016

In the Greater Metropolitan Area 46% of the inventory of industrial real estate developments, such as warehouses and industrial buildings, are located in Heredia and Alajuela.

From a statement by Newmark Grubb Central America: 

The provinces of Alajuela and Heredia, with 24% and 22% of the total inventory of industrial real estate developments in the Greater Metropolitan Area respectively, maintain the lead as suitable for complexes such as warehouses, mini-warehouses, industrial buildings and logistic works.

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World Panama Real Estate Marketing

Organization that operates in Panama and Panama.
Phone: (507) 3454542

World Panama real estate marketing promotes city and beach property listings for sale or rent with international syndication to more then 80 real estate web portals worldwide.

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