Costa Rica MarketBeat Reports

The Costa Rica corporate office market continues to report a slowdown in the dynamism that has historically characterized it, mainly due
to the uncertainty generated by the COVID 19 pandemic. This has been evidenced by negative net absorption figures during
2020.

During Q3 2020 the industrial and logistics market in Costa Rica, traditional submarkets such as Cartago, Alajuela and Heredia continue reporting new inventory under construction, even during the current circumstances. For 2021, a slight and gradual economic recovery is projected as confidence among market players recovers.