The Best Locations for Retailers

The latest survey by the real estate company Colliers International, serves as a guide to compare rental prices of commercial premises in the Greater Metropolitan Area of Costa Rica.

Monday, June 18, 2012

Within the large existing supply, average prices per square meter for monthly rental in shopping centers are around $26.25 west of the capital and $22.75 in the east. These two areas are the most in demand, followed by south of San Jose, Cartago, Alajuela and finally Heredia.

There is a difference in prices depending on the type of shopping center, with regional malls or centers having a higher average price, followed by outdoor plazas with an average of 15 stores.

"If you combine this division and the areas, you get interesting results. For example, in large centers, the prices for Cartago (only including Terramall) are very close and even equal to some areas of San Jose. However, the former metropolis also offers the cheapest in terms of medium size", reported

More on this topic

Costa Rica: $5 million for New Shopping Center

November 2013

Grupo Zeta has opened a shopping center in San Jose which has 25 stores and a parking area for 80 cars.

This is the first shopping center by the chain Vivo Plaza and was built on a plot of 3,700 m², near the Instituto Costarricense de Electricidad (ICE) in San Pedro. 80% of the premises have already been occupied and measure from 50 m² to 250 m².

120 Companies After 15 Outlets in Tocumen

August 2011

The opening of 15 retail outlets at Tocumen International Airport in Panama has attracted 120 companies.

Brands interested in being in the new Duty Free areas include Carolina Herrera, Mont Blanc, Cartier, Prada, Armani and Victoria's Secret.

Juan Carlos Pino, manager of Tocumen SA, said this month they will decide on the concession scheme to use for the commercial spaces, adding that in some cases they will put out tenders and in others will be resolved through direct negotiations.

Duty Free Shops at Tocumen to be Awarded Without Tender

March 2012

The Government will select the companies who will have a presence at the North Terminal and the concessions will be granted under the mechanism of an "invitation".

Airport management said the bylaws of the terminal allows these direct contracts, side stepping the mechanisms of PanamáCompra. A shortlist of companies has been made and they have been invited based on their previous experiences.

Real Estate Market in Costa Rica in June 2013

November 2013

2013 has confirmed a trend toward mixed-use projects with spaces for various uses, especially commercial, residential and office space.

The commercial property market has shown an increase in supply of 9.8%, totaling 884,135 m². Among the activities that have contributed the most to the dynamism of this market is the opening of fast food restaurant chains and projections are that it will continue to increase.

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