Coworking grows in Costa Rica as an enhancer of quality offices

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Coworking is emerging as one of the important factors in the development of quality offices– versatility to carry out expansion, scope, profitability and specialized spaces attracts companies towards the format, with the potential to continue growing on national land.

"Coworking companies are going strong in Latin America, where they have become one of the main tenants in the capitals of the region, with a voracious expansion strategy," said Nevardo Arguello, Director of Global Corporate Services at Newmark Knight Frank (NKF).

Proof of this is that, in Costa Rica, WeWork operations will begin at the end of the year. WeWork is a US firm with a presence in 101 cities around the world, in a six-story building with a capacity for 2,000 people in the former Real Cariari.

"We transform buildings into smart spaces through design and technology, fostering creativity, productivity and the connection between people," said Patricio Fuks, CEO for WeWork Latin America.

In this way, it will be the second world firm with a presence in Costa Rica, since Regus currently operates in Plaza Roble, Escazú.

Together with international ones, national proposals arise, above all, in the Greater Metropolitan Area, together with entrepreneurs, real estate developers and even hotels.

For example, the Essential Mind initiative was inaugurated in San Francisco, while Urban Plaza de Lindora opened Laborable and Plaza Tempo Workings, between last January and December.

Price competition between projects is aggressive, according to NFK, and the most attractive sectors in demand are San José Oeste and Heredia.

It is precisely in these areas and in Sabana where projects of class A offices are expected to come into operation in the medium and long term.

“In Costa Rica we have a growth of class A buildings, especially in urban cones in Heredia, as well as the east, west and center of San José (Sabana). The arrival of WeWork has moved the market and some competitors are taking action, moving to the central urban cone and, eventually, towards Heredia, ”said Randall Fernández, Manager of Colliers International.

WHAT ARE CLASS A OFFICES?

Some of the features, according to Colliers International, are the following:

• Available in a variety of locations
• Usual tenants: service companies (with or without free zone)
• Buildings that have security systems, telecommunications, elevators and air conditioning
• Availability of complementary services
• Parking ratio exceeding 130m² leased

PROPOSALS

Coworking spaces are taking the GAM:

• 5DN
• Essentially
• Working
• Regus
• Selina
• Workings

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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