It is Not Enough to Offer Desk Space

When setting up an office block you need to provide ancillary services such as restaurants, banks, pharmacies, gyms, convenience stores, and even health care.

Tuesday, October 9, 2012

The growing supply of office space requires a differentiation strategy which is not just about the quality of the buildings, but the added value that is given with accessibility to services needed for both corporate functions, and employees.

An article in Elfinancierocr.com analyzes the office property market, how supply is growing, and how the concept of complementary services is being incorporated even from the start of building projects, going beyond the basics such as good value parking, security and maintenance.

"Companies today are clear that their greatest asset are their human resources, so they are seeking services that can provide a better quality of life at work", explains Gabriel Calvo, commercial manager of Genesis Development.

One such example is "Sigma Business Center, built adjacent to the Mall San Pedro by the same owners of the Mall, which will provide service options (banks, pharmacies, insurance companies, etc..) On the first floor of each of its two office buildings.



More on this topic

Commercial Real Estate Market in Costa Rica

February 2014

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

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.

Costa Rica: Office and Store Prices in Mini Cities

August 2013

Rent an office in a standard office building costs around $17.38 per square foot, whereas in a mixed-use development the price rises to $23.

This was revealed by a study by the real estate company Colliers International, who also explained that "when it comes to mixed use commercial premises, the average price recorded by the company reaches up to $28, whereas in other commercial centers the figure drops to $18.17 ", reported Elfinancierocr.com.

Increased Foreign Investment in Real Estate

July 2013

During the first three months of 2013 the real estate market in Costa Rica received $377 million from the sale of properties and construction projects of foreign capital.

This amount represents 90% of the total resources directed towards this sector during 2012. In that period the country had revenues of $866 million in foreign direct investment, an increase of 41% compared to the same period last year.

Eight New Shopping Centers in San Jose

January 2012

New businesses will open in the Greater Metropolitan Area of San Jose in 2012, with spaces of between 4,000 and 100,000 square meters.

The stores identified are: Lagunilla, Torre 202, Plaza Carolina (stages 1 and 2), Plaza Tempo, Trivium Center, Plaza Lincoln, Paseo Plaza Santo Domingo and Metropolis, according to information provided by Danny Quiros, Market Intelligence Manager of Colliers International , a `real estate consulting firm.

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Grupo Williams

Comercialization of Urbanization Commercial Mall construction and Comercialization Construction and comercialization of Industrial and logistic buildings. Housing Construction Projects
Operates in Honduras
Phone: (504) 2694241 - (504) 2694240

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