Credit restrictions delayed start of projects that could meet that demand Demand for space by tenants, and multinational service sector would exceed the next 12 months inventory. Companies seeking class A + office or luxury will find it difficult to find space if they expect a lot. The projection is that in about 12 months , inventory is depleted at higher growth in demand. The...

Business tenants prefer the area in terms of proximity to universities. Escazú and Santa Ana to await a renewal of infrastructure and human capital in the area. West Oficentro lost more than 5 billion square feet of rental space. Housing growth experienced by the sector west of the capital is on the decline after the poor economic situation that affected all productive...

Group President does not rule open more malls in the country. Developer also refurbishes old Multiplaza stages of Escazú. The Grupo Roble, real estate developer Grupo Poma of El Salvador, “is in the oven” for three further projects specific to the country for 2011. This is the construction of two “small” office buildings on land adjacent to the...

Input service companies, medical device and high technology, plus the recovery of exports, would increase demand for existing assets. Construction of new works would take force until 2010. While spending is expected to be 20 to 30 months for the housing industry to recover the original conditions presented before the international crisis, the office markets and industry...

Construction will proceed at a slow pace and oversupply will push the price of rent. Although the real estate sector such as offices, industries and businesses already felt the impact of the crisis to see their occupancy levels have declined, adding more square feet supply is maintained with a slight growth and at worst cases, stable. For example, the business reported...

Works for offices and industry would not supply demand a period of 18 to 24 months, projected Stamatiadis Aris, Manager of Colliers International. Amid the economic and financial climate of recent months, the real estate industry has been affected especially in regard to the residential sector. However, it appears that the work to offices and industries in the domestic...

Developers are confident that there is an early economic recovery. The construction sector has been among the hardest hit by the credit restriction and lack of liquidity in Costa Rica, as well as the contraction in demand, most of which comes from foreign clients. However, amid the turbulence several companies have decided to keep the building standing on the premise...

Sylene Campos shows a photograph of how the project will be Avenida Escazú. Explained with the help of her computer, details, and dates of initiation, potential clients, and architectural design and noted where the cinema is located, hotel, mall and other buildings. For her, it’s easy because it does often as Marketing Manager of Portafolio Inmobiliario SA (Pinmsa),...

Excess construction and low-growth business areas left available. The strong growth of constructions in previous years already has a consequence in the real estate market: the oversupply of premises and offices. Since March 2008, the sectors of office, commercial and industrial show an increasing trend in the percentage of available space, according to Colliers International. Office...