Office Space Market Recovers in Costa Rica
Tuesday, April 26, 2011
Vacancy rates for office real estate have stabilized, staying below 10%, which indicates that there is no oversupply.
The data comes from a summary of Costa Rica's office space real estate market for the last quarter of 2010 by NAI Costa Rica.

Supply increased slightly from 849,500 m2 to 856,500 m2 while vacancy rates dropped from 9.9% to 8.5%, due to increased occupancy in UltraPark II, Torre Mercedes and Forum I.

Prices remained stable in the quarter.
 
More on this topic
Co-Working: Business Increases
February 2020
Almost a year after starting operations in Costa Rica with its first building, the American WeWork, dedicated to the rental of shared work spaces, announced that it plans to invest in two more properties in the next two years.
In April 2019 it was announced that
WeWork would have its first location in the C3 project (formerly Real Cariari), San José, in a 6-story building with capacity for 2,000 people
. After having concluded the adaptation works, Microsoft, its first client in the country, is already operating in the building.
Over-supply in the Real Estate Market?
November 2017
Reports state that the available supply of office space in square meters in Panama City grew from 18% in July of last year, to 21% in the same month in 2017.
A study reported on by Elcapitalfinanciero.com indicates a sustained increase in the available supply of office space in the Panamanian capital, which went from 1,669,189 square meters in July last year, to 1,629,504 in the second half of this year. 
Costa Rica: Office Market in September 2016
November 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":
Costa Rica: Real Estate Office Market
November 2011
An NAI Costa Rica Report for the third quarter 2011, gives analysis categorised by supply, demand and prices, and an evaluation of new projects.
Extract from the report:
Countries
Costa Rica
Insight
Real Estate
RELACIONADO
Real Estate
office building
property market
offices for rent
real estate market data
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