JLL: Net absorption of office space in San José de Costa Rica to rise in 2015.
According to Jones Lang LaSalle IP’s ‘Office Market Overview’ for Latin America, supply of new office space in San José de Costa Rica should fall from 77,000 square metres in 2014 to 58,000 square metres in 2015. Expected net absorption is expected to rise from 34,000 square metres to 56,000 square metres. This is in the context of an overall vacancy rate of 15.3% across 960,000 square metres of space at the end of 2014. Class A office rents were USD15-24 per square metre per month.
Source : 31 Mar 2015/JLL/San José de Costa Rica/OFF