Costa Rica: Boom in Construction of Shopping Centers
Monday, January 12, 2015
Projections are that this year about 149 thousand square meters of commercial spaces will be built in different parts of the country, mainly west of the Greater Metropolitan Area.
Some of the upcoming projects include: City Mall in Alajuela, City Place in Santa Ana, e Center in Heredia, and Bamboo Eco Urbano in San Jose, among others. Specialists say that the commercial success of these complexes is largely determined by location, business strategy and brand recognition among consumers. reports that "... Added to the national commercial centers is Puntarenas Ocean Mall, which will become the province's first major shopping center. " The boom in construction of mixed business is evidenced by "... The high levels of dynamism seen in the commercial market, a situation that encourages developers to leave traditional markets, in order to find the best locations and attract the most recognized brands nationwide. "

Francisco Navarro, Manager of Market Research at Colliers International, added, "... The commercial market has shown great dynamism in recent months; development comes on the heels of the high levels of residential development."

Request more information:
Last Name*
Telephone (choose your Country):*

Size of the Company:*
Yes, I want to receive a call from a salesperson*
this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423
More on this topic
Costa Rica: Retail Growing in Malls
May 2015
So far in 2015 12 shopping centers have been opened, in different formats, and by December 36 more projects will have been inaugurated, plus another 30 next year.
The tendency to build small shopping centers, open squares and mixed use areas has been highlighted by industry experts as the main differentiator compared to previous years when the development of large shopping centers predominated.
Costa Rica: $165 million in Real Estate Projects
March 2014
Two business groups in the capital are building two projects that combine residential, commercial and office spaces.
The need to diversify risk when selling various types of real estate, and to meet the demand for residential centers where residents have easy access to shops and services, has led to real estate investors to focus on mixed-use projects, which have "everything in one place. "
Major Real Estate Projects Announced in Costa Rica
February 2014
Shopping centers and hotels in the city and on the coast are part of the new projects planned for this year and 2015.
Four commercial and mixed-use projects are predicted to boost the sector in 2015. These are City Mall, City Place in Santa Ana, Ocean Mall in Puntarenas and Jacó Beach Walk in in Jaco beach. City Mall and City Place are currently under construction and are projected to start operations in the middle of this year.
Commercial Real Estate Market in Costa Rica
February 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.
Key entities
City Mall Alajuela City Place Belén Center Bambú Eco-Urbano Puntarenas Ocean Mall Francisco Navarro Colliers Internacional
Costa Rica
Infrastructure & Construction
Real estate development
real estate investment
Infrastructure & Construction
Daily Update Government PurchasesDownload brochure (only in spanish)Trade Inteligence Subscriber Access NewsletterContact Us MarketDataMexico Español
2008-2022 ©
Trade InteligenceWho we areContact Us