Costa Rica: Retail Growing in Malls
Friday, May 15, 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.

Francisco Navarro, manager of Market Intelligence at Colliers, explained that "... 'The mall model has changed, construction in this format has decreased and now they are concentrating on remodeling. Open shopping squares are those that have been in constant development '.

"... 2015 is projected to be a promising year for the commercial sector due to the opening of several projects within the greater metropolitan area and beyond. One of the openings that is drawing the most attention is that of the City Mall in Alajuela, which will be the largest mall in country and the Central American region built in one stage. "

In 2016 "...Real estate firms report that, to date that ... there will be 30 new projects starting operations. Among them is Terrazas de Lindora, whose opening was planned for this year, but will now be in May 2016. This project will have commercial spaces ranging from 60 to 400 m². "

Source: Nacion.com
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Source: Nacion.com
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Colliers Costa Rica Francisco Navarro
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Costa Rica
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mall construction corporate center retail Real estate development Infrastructure & ConstructionRetail
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