Office Building: New Investment Executed

Last February, the construction of an office building in Zone 14 of Guatemala City began, which will be called Park Avenue and will have 7,396 square meters of construction.

Thursday, May 27, 2021

The new building, which will have seven levels and will offer profitable spaces of between 880 and 990 square meters for local and multinational companies, will be part of the Parque Las Americas Shopping Center.

You may be interested in "$1.7 Billion Investments in Residential Construction"

Jorge Mario Figueroa, general director of Integro, developer of the project, told Elperiodico.com.gt that "... the entire building will be almost all glass so it has very good lighting and ventilation so the idea is that it will not be necessary to use air conditioning. For security we have a first generation cctv system, lobbies and independent elevators."

Figueroa added that "... we have five levels left (for lease). There is a lot of interest in the project without having made the launch to commercialize it. Seeing the interest from clients tells us that this investment is in the right location and that clients are appreciating the added value that the shopping center and the location of these offices give."

Among the amenities that the property will offer are training spaces, a terrace, independent access to the shopping center, space for 200 parking spaces and a gym located on the first two levels, said those in charge of the project.

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Grupo Roble announced that in June 2020 will begin construction of an office tower that will have a profitable area of about 14 thousand m2, which will be located near the Multiplaza shopping center.

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Increases have been reported of up to 20% in the demand for office space in excess of 50 square meters, with prices ranging from between $8 and $12 per square meter.

Currently the monthly rental price for corporate buildings around $19 per square meter, one of the types of offices with the highest demand in southern sector of the capital, the Dupla Norte, and the road to Masaya.

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