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." "
Source: Nacion.com
Source: Nacion.com
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Goods
real estate
Key entities
Colliers Costa Rica Federico Guardia Fresh MarketAlfredo Atmetlla Automercado Armando Alonso
Countries
Costa Rica
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