The Real Estate Boom in Managua

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.

Monday, October 30, 2017

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. 

Among the main construction works that are being developed around the suburban highway and its surroundings are offices, industrial warehouses and shopping centers.  Álvaro Baltodano, presidential delegate for investments, explained to Laprensa.com.ni that "... about $20 million is currently being invested in a commercial plaza and another $25 million in a complex for offices and warehouses that will be built on 18 blocks of land and which will have a sports area, parking and rainwater infiltration system, since they are in part of the Southern Basin area."

See "Nicaragua: Private construction in the second quarter of 2017"

Baltodano added that "...`This area has a beautiful view of Lake Managua, and there is a lot of customer demand to settle in this area and with the growth of the population they need shopping centers that are close to where they live, all of this is development'."

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More on this topic

Nicaragua: $13 million in Shopping Center

October 2014

An announcement has been amde that the first stage of the complex to be built in the north of Managua will measure 7,500 square meters and will be ready between August and September 2015.

The 15 thousand square meter project is being run by the company Comercial Bienes y Raíces and will offer 80 commercial premises ranging from 70 to 90 square meters.

"Life, Work, Shopping and Entertainment"

August 2013

All in one place. In the west of the capital of Costa Rica "mini-cities" are being built which meet the needs of this new lifestyle trend.

In the west of San José, four real estate projects are attempting to impose a new lifestyle. The first is "Avenida Escazú, whose initial phase was started in 2009 (medical towers, cinema, hotel, parking and residences) and which then added more cinemas, restaurants and shops," noted an article in Elfinancierocr.com.

Plans to Revamp Managua for Tourism

July 2013

A public-private partnership plans to invest up to $60 million in hotels, a resort and new businesses in order to give the city of Managua a facelift.

An alliance between the Nicaraguan Institute of Tourism (Intur), the National Port Company (EPN), the Municipality of Managua (Alma) as well as private tourism chambers is proposing to change the face of the capital.

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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