Optimism in Nicaraguan Real Estate Sector

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.

Tuesday, February 17, 2015

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. Overall, location, parking availability and price are the main factors that companies consider when leasing office space.

Claudia Sosa, general manager at El Centro SA told Elnuevodiario.com.ni that "... There has been an increased flow of interest by at least 6%, because companies are thinking about image, location, and security. Interest in office rentals is higher among regional companies, but national ones have also begun to migrate from houses to occupying these spaces because of image issues. "

Edgar Mejia, commercial manager of Inmobiliaria Cobirsa, added "... We handle larger spaces for rent of about 300 square meters, we are focused on multinational corporations and national companies that require large spaces in corporate buildings ... Currently Cobirsa, in all its projects, has a 100% occupancy rate, is why this year we are starting with new works. "


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More on this topic

Nicaragua: $25 million Mall Announced

April 2016

Calsa Group has started earthworks in order to build in an area of ​​seven hectares a shopping center, whose entry into operation is scheduled for September 2017.

Calsa Group's president Cesar Augusto Lacayo, told Laprensa.com.ni that "... the estimated investment is between $25 million and $30 million, and the center will include commercial spaces, restaurants and cinemas.

Costa Rica: Rental of Commercial Spaces Growing

August 2014

The rental of commercial areas in shopping centers in the country has increased between 7% and 11% in the past two years.

In the greater metropolitan area the rental price per square meter increased by 13% in this period, reflecting the growth in demand for commercial spaces. According to industry experts, the growth of retail chain stores and franchises is one of the factors putting the most pressure on demand.

Panama: Growing Demand for Commercial Property

June 2014

Specialty and department stores are the entities demanding the most space in commercial centers and malls in the capital.

The vacancy rate for Class A commercial property fell by 7.4% in the first half of 2013 to 4.8% in the second half of 2013, due to the fact that the rise in meters available in major shopping centers has been absorbed at a good pace, with many of those spaces being leased before the works are finished, reported a study by the real estate firm CBRE Panama.

Panama: Costa del Este Becomes Corporate Center

April 2013

The mini city has become a target for locating companies in offices which now cost $3000 per square meter.

According to an article in Prensa.com "Up to the second half of 2012 there were 139 shops in Costa del Este, with an unemployment rate of 2.23%, one of the lowest in the capital, according to figures from CBRE Panama, consultant real estate. "

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