Mobility analysis and geomarketing techniques have become key factors in the real estate investment process.
In the process of searching and selecting areas for the acquisition of a property for real estate development, investors focus on finding those with the highest expected return on investment. This process, which until now was done using traditional financial and feasibility studies, has now become incredibly simple with mobility analytics and location intelligence based on Big Data.
Analytics based on Big Data allows mall operators to maximize revenues and visits by better selecting tenants, optimizing mall design, determining rents, establishing signage and advertising campaigns, etc.
New technological tools allow mall operators to measure the number of consumers spending in and out of stores, the time they spend in and out of stores, know their relative wealth index and understand visitor behavior patterns, helping to determine the best mix of stores, site infrastructure, rent price range and implement more efficient signage and advertising.
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.
When the first cases of covid-19 were reported, in all Central American markets the interest in renting residential apartments fell abruptly, however, since April the fall stopped and in the last months an upward trend was evident.
Through a system that monitors in real time the changes in the interests and preferences of consumers in Central American countries, developed by CentralAmericaData, it is possible to project short and long term demand trends for the different products, sectors and markets that operate in the region.
Arguing that the dynamic evolution of covid-19 has changed the socio-economic conditions of the population, a decree was issued to modify the rule that suspends evictions and launches, for the duration of the health emergency.
As a result of the crisis, the unemployment rate of commercial premises in Costa Rica rose from 8.81% to 9.86%, and the average price per square meter fell by 3%.
It is estimated that 20% of the stores located in the country's malls will not be able to open after the most critical phases of the covid-19 outbreak are overcome, according to Colliers' figures.
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.
The Assembly approved in third reading a bill that suspends for a 120-day period all launches and evictions of private real estate intended for housing, commercial establishments, professional use, industrial and educational activities.
The plenary session of the National Assembly, supporting the state of emergency as a result of the effects generated by the infectious disease covid-19, approved in the third debate the draft law 299, by which measures on the leasing of real estate are dictated, informed the institution.
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.
Because of the depreciation that the Costa Rican currency has been reporting in the past months, companies and individuals who rent properties will have to pay more colones in those contracts that have been agreed in dollars.
According to data from the Central Bank of Costa Rica, from August 16th to date, the Colon has registered in the wholesale market Monex a depreciation equivalent to almost 11%, leading the dollar price from ¢567.97 to ¢628.85.
It is estimated that it will take about seven years to commercialize, through the usual channels, the over-supply of between 500,000 m2 and 600,000 m2 that currently exists in the real estate market in Panama.
Those times when real estate projects were selling fast are already in the past.
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.
In the first half of the year, the commercial supply in Panama reached 1.8 million rentable square meters, 4% more than was reported in the same period in 2017.
According to a report from CBRE Panama, in the first six months of the year a total of thirteen Class B + and B sites entered the market, totaling some 47,000 m2of commercial space in Panama City. These projects registered an occupancy rate of 60.7%.As a result, average rents requested continued to decrease, with supply exceeding demand for existing available spaces.
Real Estate Development & Adventure Park Jacó, Costa Rica. Multiple Investment Opportunities Available. The Ocean Ranch eco-residential development is located...
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...
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