As a result of the crisis, the unemployment rate of commercial premises in Costa Rica rose from 8.81% to 9.86%, and the average price per square meter fell by 3%.
It is estimated that 20% of the stores located in the country's malls will not be able to open after the most critical phases of the covid-19 outbreak are overcome, according to Colliers' figures.
Almost a year after starting operations in Costa Rica with its first building, the American WeWork, dedicated to the rental of shared work spaces, announced that it plans to invest in two more properties in the next two years.
Between January and June the average rental price per square meter requested from warehouses in Panama City dropped from $8.95 to $8.40, due to a slight increase in the supply of available spaces.
In the first half of the year, the commercial supply in Panama reached 1.8 million rentable square meters, 4% more than was reported in the same period in 2017.
According to a report from CBRE Panama, in the first six months of the year a total of thirteen Class B + and B sites entered the market, totaling some 47,000 m2of commercial space in Panama City. These projects registered an occupancy rate of 60.7%.As a result, average rents requested continued to decrease, with supply exceeding demand for existing available spaces.
A decline in the arrival of new international companies to the country could be one of the reasons behind the increase from 21% to 24% in the availability of office space in the Panamanian real estate market.
According to a report from CBRE Panama, total availability in the office market increased during the second half of 2017, going up by 2.5%.The document adds that the office market closed the second semester with a total inventory of 1,661,234 m2, after making some adjustments of surplus stock and a demolished building.
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. Overall, location, parking availability and price are the main factors that companies consider when leasing office space.
The National Insurance Institute is inviting bids for the purchase of land to be used as parking for its headquarters building in San Jose.
The land purchase is for the purpose of accommodating parking for the headquarters building of the National Insurance Institute in San Jose.
The land must be located in the city of San Jose, at a distance no greater than 300 meters from the Central Office Building of the INS, in any of the cardinal points.
In the past two years, land prices in the radius around the canton of Alajuela have multiplied by six.
Within the GAM (Gran Area Metropolitana), since 2010 Alajuela has been top area in terms of square meters processed, say statistics from the Association of Engineers and Architects (CFIA). That would explain the very interesting property prices in this canton.
The telecommunications company prepares stores at four local shopping centers.
Richard Taylor, Director of Claro in Costa Rica, told Elfinancierocr.com they have reserved space at Terramall (Cartago), Plaza del Sol (Curridabat), Multiplaza Escazú (San Jose) and Paseo de las Flores (Heredia).
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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