The real estate transaction value in the real estate market in Costa Rica was forecast to continuously increase between 2024 and 2029 by in total 0.5 billion U.S. dollars (+25.77 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 2.43 billion U.S. dollars and therefore a new peak in 2029. Find more key insights for the real estate transaction value in countries like Haiti, Mexico, and Argentina.. The Statista Market Insights cover a broad range of additional markets.

Alajuela, Heradia, and Downtown San Jose were Costa Rica's largest industrial and logistics real estate markets. In the first quarter of 2024, Alajuela had about 1.8 million square meters of the total 6.3 million square meters of the country's industrial and logistics real estate inventory. Meanwhile, Heredia was the warehouse market with the expensive rent.

The average asking rent per square meter of warehouse and distribution real estate in Costa Rica was the highest in Heredia in the first quarter of 2024. Alajuela, the market with the most industrial real estate stock, had an average asking rent of 7.3 U.S. dollars per square meter per month.

Alajuela had the highest demand for industrial and logistics real estate across the major markets in Costa Rica in 2022. The net absorption, which measures the amount of space occupied minus the amount of space vacated during the year, was over 101,000 square meters in Alajuela. This was not a surprise, considering that it was also the market with the most inventory in the country.

Less than six percent of Costa Rica's industrial and logistics real estate stock was vacant in the first quarter of 2024, but this share varied widely across different markets. Alajuela, the country's market with the most inventory, had a vacancy rate of about 3.4 percent. In Heredia, the country's market with the highest warehouse rent, about three percent of the space was vacant.

Alajuela accounted for about one third of the total industrial and logistics real estate under construction in Costa Rica in 2023. About 55,900 square meters were under construction in Alajuela throughout the whole year. Heredia, the market with the lowest vacancy rate ranked second to last, with 16,000 square meters of new supply.

The real estate transaction value in the real estate market in the Dominican Republic was forecast to continuously increase between 2024 and 2029 by in total 0.3 billion U.S. dollars (+7.23 percent). After the eleventh consecutive increasing year, the indicator is estimated to reach 4.44 billion U.S. dollars and therefore a new peak in 2029. Notably, the real estate transaction value of the real estate market was continuously increasing over the past years.Find more key insights for the real estate transaction value in countries like Costa Rica, Honduras, and Brazil.. The Statista Market Insights cover a broad range of additional markets.

The real estate transaction value in the real estate market in Brazil was forecast to continuously increase between 2024 and 2029 by in total 10.3 billion U.S. dollars (+20.34 percent). After the eleventh consecutive increasing year, the indicator is estimated to reach 60.94 billion U.S. dollars and therefore a new peak in 2029. Notably, the real estate transaction value of the real estate market was continuously increasing over the past years.Find more key insights for the real estate transaction value in countries like Colombia, Costa Rica, and Nicaragua.. The Statista Market Insights cover a broad range of additional markets.

The real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Canada was forecast to continuously increase between 2024 and 2029 by in total 11.5 billion U.S. dollars (+24.84 percent). After the eleventh consecutive increasing year, the real estate transaction value is estimated to reach 57.79 billion U.S. dollars and therefore a new peak in 2029. Notably, the real estate transaction value of the 'Residential Real Estate Transactions' segment of the real estate market was continuously increasing over the past years.Find further information concerning the real estate transaction value in the real estate market in Costa Rica and the real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in the Netherlands. The Statista Market Insights cover a broad range of additional markets.

Cartago reported the lowest vacancy rate for office real estate in Costa Rica in the second quarter of 2023. The vacancy rate for office real estate in Cartago was less than 13 percent, about seven percent below the average of the observed markets. In Heredia - the submarket with the largest office real estate inventory - about 18.2 percent of offices were vacant. East San Jose and Downtown San Jose had the highest vacancy rates, at over 20 percent.

Tijuana, Mexico, was the industrial and logistics real estate market with the lowest vacancy rate in the Latin American region in 2023. In that year, about 0.4 percent of Guadalajara's inventory was vacant. Rio de Janeiro and Sao Paulo, Brazil were at the other end of the scale, with vacancy rates exceeding 10 percent. San Jose, Costa Rica - the most expensive among the ranked markets - had a vacancy rate of 4.9 percent.