Guatemala is planning to build an industrial park called "Zona Empresarial El Naranjo", which will include a warehouse, commercial area and services, with a total construction area of 365,484 square meters.
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.
Small warehouses located in strategic locations that serve to quickly distribute the merchandise sold online, are the type of properties that in this context of new business reality have gained ground.
When analyzing the Guatemalan market, it is reported that one of the geographic regions in which the productive activity of this sector is increasing is composed of Villa Nueva, Villa Canales and San Miguel Petapa, municipalities of the department of Guatemala that are located south of the capital of the country. This area is a commercial node that has developed quickly in recent years.
Calidad Inmobiliaria announced that it will build in Condado Naranjo, municipality of Mixco, a logistic center of 72 warehouses distributed in a four level tower.
According to information provided by the project's directors, the new industrial complex will be called "Districentro" and is currently in the launching stage.
Villa Nueva, Villa Canales and San Miguel Petapa, are the municipalities in Guatemala that have a high commercial opportunity for new developments of warehouses and industrial parks.
Although the greatest potential for developing new warehouse-office parks in the country is located in the southern municipalities of the metropolitan area, there are also growth opportunities in the El Naranjo sector, in Mixco, and also in the Atlantic exit.
Guatemalan businessmen say that the boom in vertical housing is changing the demand for storage services in mini warehouses, which are increasingly sought out by families.
The supply of storage space exceeds 3.6 million square meters, distributed among 865 warehouses categorized as industrial parks, office-warehouses, individual warehouses and mini warehouses.
A study carried out by the Warehouse Union of the Chamber of Industry of Guatemala reports that 865 warehouses are registered in the country, of which 37 correspond to industrial parks, 706 to individual warehouses, 106 to ofibodegas, offices and warehouses complexes, and 16 to self storage facilities.
Growth has been projected in demand for warehouses, especially within industrial parks and a consequent increase in rent prices is predicted.
The forthcoming entry into operation of the expanded Canal and the Tocumen airport expansion are two of the factors that have influenced the projected increase in demand for rental of specialized storage warehouses in the medium term.In 2015 the rental price for warehouses"... remained above $9 per square meter, the average sales price in industrial parks amounted to $1,580.00 per square meter and class B warehouses at $935.00 per square meter."
The trend for smaller housing and office spaces is driving the growth of the self storage business.
Elfinancierocr.com reports that "the migration of people and businesses to high rise residential and office buildings and competition for space are the triggers driving the development of the mini warehouse industry in Costa Rica.".
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