In Costa Rica, the lease of a building to house DRIPSSRB officials is being tendered in the form of an abbreviated bidding process.
Costa Rica Government Purchase 2021LA-000001-0001102799:
"The Costa Rican Social Security Fund requires to rent a building to house all the officials of the DRIPSS Brunca, as well as some warehouses for the custody of supplies, since the building where they are located is insufficient.
Because the supply of office and commercial buildings has increased, and at the same time unemployment has also risen, in Costa Rica the directors of these properties foresee that next year the parties will have to renegotiate the contracts.
Data collected by Colliers International indicate that between June 2019 and the same month in 2020 the total inventory of commercial buildings increased by 1.5% from 1.16 million m2 to 1.18 million m2.
It is estimated that the increase in online sales and the greater trend towards telecommuting will result in a lower demand for commercial premises and offices, exerting downward pressure on the price level of rents in the long term.
The quarantines decreed in the Central American countries because of the covid-19 outbreak, have caused a transformation in the operations of the companies, in the ways of working and in the models of business and sales.
If the quarantine and mobility restriction measures are extended by two months, it is predicted that by the end of the year the annualized demand for car rental services in Central America will have fallen by 30%.
The "Information System for the Impact Analysis of Covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the impact that the crisis will have on companies according to their sector or economic activity, considering different scenarios for the coming months.
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.
WeWork, a U.S. company dedicated to renting shared spaces for work, announced that at the end of 2019 will begin operating in Costa Rica.
WeWork will have its first location located in the project C3 (former Real Cariari), San Jose, in the General Cañas Highway, Cruce de San Antonio de Belen, with a building of 6 floors, with capacity for 2,000 people, informed the Costa Rican Coalition of Development Initiatives (Cinde) through a statement.
In order to shorten timeframes the Ministry of Transport and Public Works of Costa Rica intends to award the work not by tender but by private contest.
EDITORIAL
The difficulty in implementing public works Costa Rica is notorious, due to a heavy system of checks and guarantees which causes sometimes indefinite extensions of state infrastructure projects.
Real Estate Development & Adventure Park Jacó, Costa Rica. Multiple Investment Opportunities Available. The Ocean Ranch eco-residential development is located...