Companies like Distribuidora Dipo, Durman Esquivel, Importer Monge, Walmart and Group Constenla have invested in their own logistics centers, because of the low supply of logistics parks in the country.
"According to real estate firm Colliers International in Costa Rica there are only two projects that meet the requirements to qualify within these types of properties, but both have high occupancy levels", reported Elfinancierocr.com.
The projects referred to by the real estate firm are the industrial park Hacienda San Rafael in Desamparados and Parque Condal en Tibás.
With strong preference for the vicinity of Tocumen Airport, in 2012 Panama's logistics industry totaled $200 million in investment in new facilities.
Capital.com.pa reports that "according to the Industrial Market Report prepared by the firm CBRE Global Research and Consulting for 2012, the increase of logistics parks and booming growth for such projects, especially with Class A facilities, has allowed those building to improve product delivery and offer advantageous prices for companies on the look out in these areas. "
It has been estimated that there are 80 million square meters of space in unmet demand for use as warehouses, industrial buildings and Office-warehouses by logistics companies.
In response to this lack of supply identified by Colliers International new projects have appeared west of the capital, near the logistics centers of companies which distribute their products nationwide.
International experts say that Panama needs more logistics parks on the Pacific coast in order to fully exploit all the country's advantages.
Given its excellent maritime infrastructure, Panama could get more growth in the logistics industry if it had logistics parks near ports in the Pacific, said Casey Chroust, senior vice president of operations for the Retail Industry Leaders Association (RILA), an association of the major U.S. retailers.
In Costa Rica the industrial zone in El Coyol, because of its location, has become a development hub which is constrained by lack of infrastructure.
"The opening of the intersection between the highways, the expansion and improvement of the stretch of road going from El Coyol to the Airport, as well as support form the ICE to improve power distribution infrastructure in the area have all contributed to an acceleration of growth, and as a response to this important developments such as the Coyol Free Zone, Grupo Monge, Laica, Gollo, Walmart, Durman Esquivel and a significant number of other companies have moved to the area," explained Carlos Wong in his article in Elfinancierocr.com .
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