Between the first quarter of 2020 and the same period of 2021, the total leasable area in Panama City increased by 4.79%.
Commercial real estate consulting firm Newmark Central America reported that the industrial and logistics real estate market inventory in the Panamanian capital totaled 1,420,480 square meters (m2) of total leasable area, a figure that exceeds the estimate of a year ago.
Villa Nueva, Villa Canales and San Miguel Petapa, are the municipalities in Guatemala that have a high commercial opportunity for new developments of warehouses and industrial parks.
Although the greatest potential for developing new warehouse-office parks in the country is located in the southern municipalities of the metropolitan area, there are also growth opportunities in the El Naranjo sector, in Mixco, and also in the Atlantic exit.
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.
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.
In Costa Rica, it is estimated that rental housing with the best rates of return can be found in Escazú, Santa Ana, Sabana, Rohrmoser and the North of Heredia.
Estimates from Colliers Internacional detail that in the case of the office warehouses, the areas close to the Airport, the Coyol in Alajuela, and the Uruca, Heredia, Valencia, Lagunilla, San Francisco and Ochomogo, are the areas with the best profitability.
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.
According to a report prepared by the CBRE, at the end of the first six months of the year, average rents requested from Class A warehouses decreased slightly from US $8.95 per m² per month, to US $8.40 per m².
The segments of industrial buildings and office-warehouses, provided the most dynamism to the industrial real estate market in the Greater Metropolitan Area of Costa Rica at the end of 2016.
From the report "Industrial and Logistics Property Market: An Overview December 2016"by Colliers Costa Rica:
The segments of industrial units and office-warehouses are dynamising the industrial real estate market with an increase in supply in sectors such as Coyol in Alajuela, Heredia and San Jose West.
From the quarterly report by Colliers Costa Rica entitled "Industrial and Logistics Property Market":
At the end of the third quarter of 2016, the Industrial Property Market in the Greater Metropolitan Area in Costa Rica experienced a lot of dynamism in the segments of Industrial properties and Ofi-warehouses.
In the Greater Metropolitan Area 46% of the inventory of industrial real estate developments, such as warehouses and industrial buildings, are located in Heredia and Alajuela.
From a statement by Newmark Grubb Central America:
The provinces of Alajuela and Heredia, with 24% and 22% of the total inventory of industrial real estate developments in the Greater Metropolitan Area respectively, maintain the lead as suitable for complexes such as warehouses, mini-warehouses, industrial buildings and logistic works.
The segments of industrial warehouses, and office warehouses, where those that provided the most dynamism in the industrial real estate market in the Greater Metropolitan Area of Costa Rica at the end of the second quarter.
From the quarterly report by Colliers Costa Rica entitled "Industrial and Logistics Property Market":
Despite the slowing of the pace of construction of industrial parks and warehouses in the second quarter, rents remained stable.
Capital.com states that"... at the end of the second quarter of 2016, construction of industrial parks continued cautiously, going from 350,759 to 317,535 square meters. And, despite the entry of new warehouse spaces in the market, availability remained stable at 7.2%, confirming a high demand."
Growth has been projected in demand for warehouses, especially within industrial parks and a consequent increase in rent prices is predicted.
The forthcoming entry into operation of the expanded Canal and the Tocumen airport expansion are two of the factors that have influenced the projected increase in demand for rental of specialized storage warehouses in the medium term.In 2015 the rental price for warehouses"... remained above $9 per square meter, the average sales price in industrial parks amounted to $1,580.00 per square meter and class B warehouses at $935.00 per square meter."
With an investment of $60 million, Centro Corporativo El Tobogán is being built on a four-hectare site, a project which will feature 105 offices, 1,100 parking spaces, 20 shops, 66 warehouses, and a rooftop helipad.
The property is category A + for office centers in downtown San Jose, the highest category there is, meaning that it will have luxury finishes and amenities.
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.