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San Jose Costa Rica

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Costa Rica
Last Updated: 25-Oct-2010		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Rent/M2/Year RENT/SF/Year
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) COL 120,960.00 COL 133,056.00 COL 127,008.00 $ 22.03 $ 24.24 $ 20.75 40.0% 10.0%
Class A (Prime) COL 108,324.00 COL 120,960.00 COL 114,648.00 $ 19.73 $ 22.03 $ 18.73 19.0% 10.0%
Class B (Secondary) COL 48,384.00 COL 108,864.00 COL 78,624.00 $ 8.81 $ 19.83 $ 12.85 8.0% 11.0%
 
Suburban Office
New Construction (AAA) COL 96,768.00 COL 133,056.00 COL 114,912.00 $ 17.63 $ 24.24 $ 18.78 45.0% 10.0%
Class A (Prime) COL 96,768.00 COL 157,248.00 COL 127,008.00 $ 17.63 $ 28.64 $ 20.75 10.0% 10.0%
Class B (Secondary) COL 78,624.00 COL 127,008.00 COL 102,816.00 $ 14.32 $ 23.14 $ 16.80 9.0% 11.0%
 
Industrial
Bulk Warehouse COL 12,096.00 COL 48,384.00 COL 30,240.00 $ 2.20 $ 8.81 $ 4.94 11.1% 11.0%
Manufacturing COL 24,192.00 COL 60,480.00 COL 42,336.00 $ 4.41 $ 11.02 $ 6.92 20.4% 11.0%
High Tech / R&D COL 18,144.00 COL 30,240.00 COL 24,192.00 $ 3.31 $ 5.51 $ 3.95 5.5% 11.0%
 
Retail
Downtown COL 60,480.00 COL 133,056.00 COL 96,768.00 $ 11.02 $ 24.24 $ 15.81 10.0% 12.0%
Neigborhood Service Centers COL 60,480.00 COL 169,344.00 COL 114,912.00 $ 11.02 $ 30.85 $ 18.78 4.0% 11.0%
Community Power Center COL 66,528.00 COL 181,440.00 COL 123,984.00 $ 12.12 $ 33.05 $ 20.26 1.0% 11.0%
Regional Malls COL 139,104.00 COL 241,920.00 COL 190,512.00 $ 25.34 $ 44.07 $ 31.13 N/A 10.0%

Development Land Low/ M2 High/ M2 Low/Acre High/Acre
Office in CBD N/A N/A N/A N/A
Land in Office Parks N/A N/A N/A N/A
Land in Industrial Parks N/A N/A N/A N/A
Office/Industrial Land - Non-park N/A N/A N/A N/A
Retail/Commercial Land N/A N/A N/A N/A
Residential N/A N/A N/A N/A

Conversion 510COL = 1 US$


 

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