Saturday 18 September 2021

Costa Rica Commercial Real Estate Inventory Grew In September 2016

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Terrazas Lindora
Terrazas Lindora

Q COSTA RICA NEWS – The total inventory of square metres of commercial property use grew by 15.04% in the last twelve months, according to a report (in Spanish) by Colliers Costa Rica.

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The report says that over the past year, the entry on the market of commercial property such as City Mall, and Expreso Desamparados and some Lifestyle Centre buildings, have marked a commercial turning point, which has generated negative and positive results, respectively.

On the supply side, the increase consists largely in property of the Regional Centre type, however the entry of the mixed use such as Terrazas Lindora is also part of it, as well as the development of existing projects in stages. The increase is 156,787 m2.

Source: Centralamericandata.com, Colliers Costa Rica

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