Two buildings with almost 30 levels of height are planned for a mixed office, commercial and apartment complex.
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.
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 retailoffice 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.
A multi-purpose project is to be built in Costa Rica that will include a hotel, commercial premises, offices and apartments.
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.
In Costa Rica, the construction of the "San Pedro Business Center" project is planned, with eleven levels for office rentals and a commercial area, in addition to two basements for parking.
The interactive platform "Construction in Central America", from the Trade Intelligence Unit of CentralAmericaData, provides an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country.
In Guatemala, the project called "Plaza Videre" consists of two corporate buildings of five and twelve levels with a total construction of 69,752.74 m2 for $2.3 million.
The interactive platform "Construction in Central America", from CentralAmericaData's Business Intelligence Unit, includes an updated list of public and private construction projects presenting environmental impact studies (EIA) to the respective institutions in each country.
In Guatemala, a tower with six basements and fourteen levels for offices will be built in zone 10, with a construction area of 37.5 thousand square meters.
The interactive platform "Construction in Central America", from CentralAmericaData's Business Intelligence Unit, 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, 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.
Last February, the construction of an office building in Zone 14 of Guatemala City began, which will be called Park Avenue and will have 7,396 square meters of construction.
The new building, which will have seven levels and will offer profitable spaces of between 880 and 990 square meters for local and multinational companies, will be part of the Parque Las Americas Shopping Center.
Two towers that will house 119 apartments, 61 offices and 43 commercial spaces are to be built on a 4,014 square meter site located in zone 15 of Guatemala City.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence area, Corporación Turena S.A., submitted to the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Gaura".
Portafolio Inmobiliario plans to invest $11 million in the refurbishment of the Real Cariari Shopping Center, which will be turned into an office building to be called Cariari Corporate Center.
The firm decided to make this change because in the areas near the building, competition among shopping centers is strong, as Paseo de las Flores, mall Alajuela and Oxígeno operate in the area.
The oversupply of office space and changes in the dynamics and ways of working of companies have led the office rental market to a corrective or adjustment phase, which is mainly evidenced by the downward pressure on rental prices.
At the beginning of 2021, CentralAmericaData expected that in the coming years, 4 out of 5 companies will bet on hybrid work modalities, which include face-to-face and remote activities. This phenomenon will force office supply to adjust to the new market conditions.
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