The phenomenon, which is not new in the country, has worsened in the context of the covid-19 outbreak, since in mid 2019 it was reported that in the last year the unemployment of commercial premises in Costa Rica was on the rise, a behavior that was explained in part by the country's economic situation and by changes in consumer preferences.

A study by Colliers International reveals that the average price of rentals has also varied in this context of economic crisis and change in consumption habits, given that in recent months the cost per square meter of premises went from $18.50 to $17.94.

You may be interested in "Shopping Centers: New Normal, New Strategies"

Julieta Bonilla, spokesperson for Grupo Ceco, which groups 10 shopping centers, told Nacion.com that "... the problem has increased as of June. A great impact was noticed last July, because in that month those complexes and commerce in general could only open eight days."

Pablo Fernandez, general manager of Colliers International, thinks that "... the commercial sector must pay attention to the tendency of the E-Commerce, method that has taken more strength due to the current situation."

See "Online Sales: What are Consumers Looking for?"

CentralAmericaData reports that so far this year in the Central American markets the interest in e-commerce services reported a clear upturn, with Guatemala, El Salvador and Panama being the countries that registered the greatest increases in interactions associated with the topic.

Source: Nacion.com

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Shopping Centers: Post Covid-19 Opportunities

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Designing or adapting properties to be of mixed use, offering more entertainment options and mixing in an adequate way the type of tenants to whom the premises will be rented, are strategies that could give a new boost to shopping centers.

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