What Threats Are Facing Industrial Parks?

Although in Costa Rica the level of unemployment of buildings in industrial parks is 8%, some precincts are facing threats, since companies could leave them because of the traffic congestion in the area where they are located and the travel time of employees.

Thursday, July 4, 2019

For Colliers, other threats faced by industrial parks in the country to have their facilities unoccupied are that companies have several sites for the separation of their processes and competition for human resources. 

Regarding the way in which construction of this type grows in the country, Róger Carvajal, market analyst of the industrial and logistics division of Colliers, explained to Elfinancierocr.com that "... the growth of offices in the free trade zone regime is orderly and pre-placed. In this way, the creation of speculative spaces in the market is avoided, which facilitates their absorption. The new free trade zones have specialized infrastructures made according to the requirements of the companies".

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Although there are generally healthy levels of unemployment, in zones such as Lindora, buildings in free trade zones report high levels of availability, which is attributed to the complicated situation of road congestion.

Carvajal pointed out that "... high vacancies are argued in two ways: in the case of pioneering developments, these are because of the construction conditions of the properties, which lost efficiency due to their age. For the new free zones with high percentages of unemployment, the situation is explained by the existence of newly constructed multi-tenant spaces that are in the process of absorption".

Regarding the construction of the industrial sector in Central America, reports from CentralAmericaData state that during 2018, 62 environmental impact studies were presented in the countries of the region for the construction of plants and industrial warehouses, and Costa Rica concentrated 73% of the estimated investment.

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Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America.
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