Designing or adapting properties to be of mixed use, offering more entertainment options and mixing in an adequate way the type of tenants to whom the premises will be rented, are strategies that could give a new boost to shopping centers.
The pandemic drove consumers away from shopping centers, as government home quarantines in the region, the rise of e-commerce, and bans on people from visiting these facilities significantly affected mall operations.
NKF Central America, dedicated to providing advisory services in the real estate market, reported that it absorbed Costa Rican RAM Real Estate and plans to open operations in Panama before the end of the year.
Company executives reported that as part of their expansion plans in the region, will increase staff to serve the markets of Costa Rica, Panama and Guatemala.
In Costa Rica, it is estimated that the level of occupation of corporate spaces is 90%, being the modality "coworking", the type of office most sought by companies that are established in the country.
According to reports from Newmark Knight Frank (NKF), San Jose West, Heredia and the Savannah sector, are the most attractive areas in the country for future projects of this type.
The number of available apartments in Costa Rica has increased in recent years, a rise explained by the current economic situation and the high prices of some vertical housing projects.
Although sales are still on the rise, the number of apartments available in the Costa Rican market has increased, from 888 to 1,213 between 2017 and 2018, and up to June 2019 the figure reached 1,418.
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