Since office construction is still active and could enter a phase of over-supply, combined with the strong increase in telecommuting, the market could face a contraction in the coming months.
The expansion of a road in Panama, the construction of a tourist center in Costa Rica and an office-warehouse complex in Guatemala are part of the projects planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are expected to be built in the coming months.
Last year in the region, 290 environmental impact studies were submitted for construction of public and private office buildings.
The interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions in each country.
Construction has been announced of a 27 thousand square meter building that will include offices and commercial area and a four-level parking lot in Tegucigalpa.
From a statement issued by the Honduras 2020 Development Program:
Tegucigalpa March 2, 2018.Under the Honduras 20/20 program, a new investment for the country has been achieved in the amount of L.300 million through the initiative of Grupo Vision Development and Grupo Jamar, companies that have developed an innovative infrastructure project called Ventu.
A real estate group of Honduran origin has announced that in 2019 it will start construction of a mixed project in Alajuela that will house a hotel, an office and a restaurant.
Without giving further details, representatives of Lady Lee Corporation, developer of the"City Mall"shopping center located in Alajuela, announced that in 2019 they will start earthworks to build, on a piece of land adjacent to the commercial center which is already operating, a building that will have offices, a gastronomic center and a hotel.
To the west of the capital, construction has started on an office building which will have 36 thousand square meters of construction and 700 parking spaces, with an estimated investment of $25 million.
'Oficentro 310' will be located in Pozos de Santa Ana, and its construction will be completed by mid-2018, according to the developer, HVC Inmobiliaria.The office center is built on a plot of 10 thousand square meters and will have 36 thousand square meters of construction, of which 14 thousand will be allocated to a leasable area.
A group of local businessmen have announced the start of construction of the first stage of an industrial park in 18 hectares of land in San Carlos, Alajuela.
They indicate that Parque Muelle will offer the possibility of operating under the free zone regime and they are aiming to attract companies from the sectors of agribusiness, technology and logistics, explained Victor Perera, founding partner of the project to Nacion.com.
The project Parque Industrial del Caribe in Costa Rica, includes the construction of an industrial free zone measuring 41,000 m2, an 8,300 m2 office center and an 11 000 m2 shopping center, as well as Ofibodegas and a hotel.
The companies behind the project announced plans to begin construction of the Caribbean Industrial Park (PIC by its initials in Spanish) in the first quarter of 2016.