Costa Rica: Office Market in September 2016
Friday, November 11, 2016
At the close of the quarter, there was an increase in the total inventory with the new supply of 53,067 square meters of rentable offices.
From a report by Colliers Costa Rica "Office Property Market September 2016":

The office property market in recent quarters has demonstrated a positive picture regarding new supply, as developers are starting projects to meet demand. Gross absorptions also look healthy and the vacancy rate of office space is slowly showing a decrease in its percentage.  

Supply. At the close of the quarter, there was an increase in the total inventory with the new supply of 53,067 square meters of rentable office area.  A total of eight properties were built, where six are Class A and represents 80.10%. The remaining properties are Class B representing 19.90%.  This latter type of property (Class B) has had a significant increase in its supply for the sector of Alajuela and south of the capital.  

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Key entities
Colliers Costa Rica
Costa Rica
Real Estate
Real Estate
office building
offices for rent
property market
real estate market data
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