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.
In Costa Rica, in January 2021, the second tower of the Escazú Village complex will be inaugurated, which will initially have WeWork and Veinsa Motors as tenants.
For the construction of the second tower, which has 11 levels and an extension of 20 thousand square meters, Portafolio Inmobiliario, the company that developed the project, invested $32 million.
The Guatemalan Tourism Institute is tendering the cleaning and maintenance service of the building that houses the central offices and the delegations in the interior of the country, for the term of 12 months.
After the contract was signed for the designs of the Penas Blancas and Tablillas border control posts, it is expected that in July 2021 the international bidding process for the construction of these enclosures can be initiated.
The Ministry of Foreign Trade (Comex) informed that on October 28, Duayner Salas, head of the institution, signed with the Consorcio Norte Sur Arquitectos, of Costa Rica, and the company C y C Asesorias Profesionales Limitada, of Santiago de Chile the contract for the design of the border control posts, whose works, as a whole, imply an intervention of an area of approximately 700,000 square meters.
Since office construction is still active and could enter a phase of over-supply, combined with the strong increase in telecommuting, the market could face a contraction in the coming months.
Because of the spread of covid-19, governments in Central America have decreed strict home quarantines.
In Costa Rica, the engineering services for the construction and refurbishment of the Projects and General Direction of Traffic Engineering building were put out to tender.
Costa Rican Government Purchase 2020LN-000003-0058700001:
CABEI granted a loan to Guatemala to finance the construction and equipping of buildings to be used by the Ministry of the Interior, National Police stations, prisons and other projects.
The $300 million will support the "Investment and Modernization Program for the Justice Sector", which will be implemented by the Guatemalan Ministry of Government, reported the Central American Bank for Economic Integration (CABEI).
Smaller areas and open spaces within the offices are some of the predominant trends in new projects being built in the metropolitan area of Guatemala.
It is estimated that of the total area of construction approved in the metropolitan area during 2020, 37% corresponds to office buildings, office-warehouses and mixed-use buildings. Another 56% is for housing construction.
A ten-story tower will be built on a 1,742-square-meter lot in the town of San Francisco, Panama Province, to house apartments, offices and commercial space.
According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Silver and Gold Development, INC, submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the project called, "P.H. Grand Palace Business Center".
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.
Two office towers in El Salvador, a corporate center in Honduras and a shopping center in Panama are part of the investments announced in Central America for the coming months.
The interactive system "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects to be developed in the coming months.
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