Extract from the report:
The office property market is stable with an availability rate of 8.9%, up 1.1% from last quarter, due to the steady inflow of new office centers to the market.
Investment projects to be initiated or already in motion demonstrate that there is more movement in the credit sector and there are several major projects under construction. Banks are more willing to invest, contrary to what was seen 24 months ago where investment was totally paralyzed.
Currently there are approximately 130.000m2 of office projects under construction of which there is an occupancy rate of about 33% and almost 430.000 m2 are in the planning process, which could begin and end in the next three to four years depending on demand.
The office property market shows stability for the second half of 2011 because, despite the entry of a few new office centers, availability rates have remained constant at a level where the creation of inventory goes hand in hand with the growth of the economy.
Over the next 2 years the office market will face a critical period, because never before have so many projects been seen in the same period, this will be the largest m2 entry in the history of the country.
More on this topic
April 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.
December 2010
Despite the crisis, prices remained stable and now a recovery in sales is detected.
The decline in interest rates is a key factor in improving the dynamics of the housing market, allowing operators to look at 2011 with optimism.
Lorena Alvarez's article in Elperiodico.com.gt, reported that Oscar Sequeira, of the Department of Statistics of the Construction Chamber, believes that "the end of the second half of this year could represent a growth of 10 to 20 percent from the first 6 months because in the last quarter there is a greater demand for housing.”
November 2011
According to their press release, Panama’s Superintendency of Banks’ study of the real estate market shows growth in the construction sector.
For the fifth consecutive year, Panama’s Superintendency of Banks circulated a survey among those banks with most lending activity within the construction sector in order to analyze the housing market.
February 2010
The rental market remains dynamic, with supply adjusting to smaller corporate and residential budgets.
With the end of the crisis at sight, real estate agents update their properties, modernizing them, remodeling them and creating new spaces.
Elsalvador.com published 5 articles (in Spanish), analyzing this market from different perspectives:
español
1876
