Commercial Real Estate Market in Costa Rica
Friday, February 7, 2014
There is Increased investment in medium-sized commercial developments in the vicinity of residential areas.
Changes in people's habits, looking to cut commuting time from their place of work to their homes is influencing the investment decisions made by real estate developers who are focusing on building medium sized malls (between 1,000 and 5,000 m), located in the vicinity of residential areas and at high traffic points.

"Currently there are nine projects with these features under construction in the Greater Metropolitan Area (GAM) confirmed real estate developers and the real estate consulting firm Colliers.

Federico Guardia, director of Business Development at Colliers said: "The trend being followed by the commercial property market is is geared towards convenience squares located near established residential centers and those under development."

"... This type of project allows for consumer demand to be mitigated in terms of travel time and provides the convenience of being able to make quick purchases." "
More on this topic
Real Estate Market in Costa Rica in June 2013
November 2013
2013 has confirmed a trend toward mixed-use projects with spaces for various uses, especially commercial, residential and office space.
The commercial property market has shown an increase in supply of 9.8%, totaling 884,135 m². Among the activities that have contributed the most to the dynamism of this market is the opening of fast food restaurant chains and projections are that it will continue to increase.
New Real Estate Projects in Costa Rican Pacific
September 2013
There are plans to build a mini-city on the beach in Puntarenas, two mega projects and 6 other smaller works that represent $211 million in investments.
The three largest projects will be developed by local companies in the province of Puntarenas, in the Central and Garabito cantons. "These, together with six other smaller private works, represent investments of over $211 million and the use of more than 164 hectares of land in the next 15 years," noted an article in
More Investment in Property in Costa Rica
February 2013
Industrial parks, shopping centers, office complexes and homes are the new developments announced by real estate groups.
Among the projects for this year include the extension of Avenida Escazú, the opening of Mango Plaza Mall in Alajuela and the inauguration of the fourth office tower El Cedral in Escazú, all scheduled for May. The same company, Portafolio Inmobiliario, is also building two restaurants at the Pez Vela Marina in Quepos and the second phase of Plaza Brasil in Heredia.
Development Hub in Guatemala
January 2013
The boom in housing projects and shopping centers in San Lucas Sacatepequez is attracting new business investments to the area.
The geographic location of the Pan American Highway that runs through the town center, has transformed San Lucas into a 4 km corridor where there are restaurants, shops, furniture stores, convenience centers and five commercial spaces.
real estate
Key entities
Colliers Costa Rica Federico Guardia Fresh MarketAlfredo Atmetlla Automercado Armando Alonso
Costa Rica
real estate boom Real estate growth Real estate development real estate investment Real estate investment property market real estate marketmall investment Real Estate Infrastructure & Construction
Real Estate
Real estate development
property market
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