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Remote work and companies' relocations increase office vacancy in Costa Rica

Colliers study detected a space availability rate of 15.15%, in the first quarter of 2021, twice the figures seen in the same period of 2020

Our quarterly study, "Real Estate Market Outlook" (Panorama de Mercado), reveals that office vacancy has a rate of 15.15%, above the 10% expected for a healthy market. "The reduction of office space, company relocations to other office centers and the implementation of remote work are some of the factors that explain why the rate has doubled compared to the same period of the previous year ”, explains Bertha Mora, Market Research Manager, who leads our study.

To read the full publication (in the local newspaper, La Nación), click here.

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