Office Space Market Recovers in Costa Rica

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.

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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:

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.

Real Estate Rental Market in El Salvador

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:

Improved Housing Market in Guatemala

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.”

Panama’s Real Estate Market

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.