Costa Rica: Office and Store Prices in Mini Cities
Wednesday, August 14, 2013
Rent an office in a standard office building costs around $17.38 per square foot, whereas in a mixed-use development the price rises to $23.
This was revealed by a study by the real estate company Colliers International, who also explained that "when it comes to mixed use commercial premises, the average price recorded by the company reaches up to $28, whereas in other commercial centers the figure drops to $18.17 ", reported Elfinancierocr.com.

"The premises are sold before completion of the projects. Although they exceed average prices, tenants receive benefits. Users have offices close to all amenities such as restaurants, banks, hotels and convenience stores. Meanwhile, the commercial tenants have a captive market, " said Danny Quiros, manager at Colliers intelligence.

Within these projects, 42% was absorbed by corporate offices, while 32% was used for establishing medical clinics, these are followed by law firms, architects and universities. Additionally, in the commercial foodservice industry 22% of what is available in this market has been used, while 17% is occupied by food franchises.

The concentration of mini cities, mainly in the west of San Jose, has been driven by a rise in business hotels, an increased workforce, along with the construction of the road to Caldera.
Source:elfinancierocr.com
Source:elfinancierocr.com
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