The construction of an administrative building for offices and vehicle inspection will be carried out at the Universidad Nacional de Costa Rica.
CentralAmericaData's "Commercial Feasibility Studies" includes an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
Understanding mobility and identifying points of interest help large retail office products suppliers to measure foot traffic in and out of their stores and to better comprehend the behavioral patterns of consumers.
The correlation between foot traffic, visits, sales, and the success of retail office products suppliers has been studied and proven, so the development of this type of analysis has become a priority in the site selection process and expansion modeling.
Mixed vertical construction distributed in 14 levels in Costa Rica.
The interactive platform "Construction in Central America", from the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country.
Last year, 12 environmental impact studies were submitted in Central American countries for construction projects of buildings to be used by government institutions, files that together amount to an estimated investment of $140 million.
The interactive platform "Construction in Central America", from CentralAmericaData's Business Intelligence Area, provides an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country.
Last year in Costa Rica, the office market vacancy rate doubled from 7.45% in the first quarter of 2020 to 15.15% in the same period of 2021, a rise that was largely induced by the implementation of telecommuting.
In this context of health crisis that was triggered by the spread of Covid-19 several companies changed their work dynamics, with migration to telecommuting being one of the most important changes.
Banco de Costa Rica tenders the construction of an office building to be located in Liberia, Guanacaste.
Costa Rica Government Purchase 2021LN-000008-0015700001:
"Relating to experience of firms and with the following scope:
Must be a consulting construction firm registered with the CFIA.
As part of the bid price reasonableness process and as an admissibility requirement, a range of +-15% is established for the total budget submitted, with respect to the reference amount estimated by the Administration. It should be noted that this reference margin has been used by this Administration since 2004 and is based on market estimates. Based on the above, once the respective analysis of offers has been carried out, offers whose amount exceeds the upper limit (+15%) will be excluded as excessive, or which are below the lower limit (-15%), which would be considered as ruinous. The total budget must take into account everything requested in the contract, including taxes.
Since it is expected that when the pandemic is overcome, 4 out of 5 companies will opt for hybrid working modalities, which contemplate face-to-face and distance activities, the offer of offices will have to be adjusted to the new market conditions.
Before the pandemic, it was estimated that only 30% of companies were betting on modalities that included face-to-face and telecommuting activities.
Grupo Britt invested $7 million in the construction of its new 3,000-square-meter corporate center, located in the canton of Barva, in the province of Heredia.
Managers of the business group, which has presence in 13 countries, reported that the new building houses the service centers of the companies Café Britt and Morpho Travel Retail.
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.
An electric transmission line in Panama, a mixed-use building in Guatemala and the development of a residential project in Costa Rica are part of the investments 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.
A complex consisting of a series of buildings that will house commercial premises, residences, hotel rooms and offices is planned to be built in the district of La Ribera, in the province of Heredia.
Belén Center Group S.A. presented to the National Environmental Technical Secretariat the Environmental Impact Study (EIA) to develop the project called "Cityzen."
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.
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.
In Curridabat, Costa Rica, it is planned to build an 11-floor building that will have commercial premises, apartments and offices, for which it is planned to invest just over $5 million.
Desarrolladora HEE S.A. presented the Environmental Impact Study (EIA) to develop the project called "Torre Las Loras", which will be built on a lot in Granadilla, San Jose province.
The first of the five buildings that will form part of the La Lima Corporate Center was launched in Cartago, which will require a global investment of close to $98 million.
The project in charge of the real estate company Garnier & Garnier, is a complex of offices that is constructed in a plot of eight hectares in the industrial park La Lima, and contemplates the construction of up to five buildings of four floors each one, informed the Costa Rican Coalition of Initiatives of Development (Cinde).
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