San Jose's office market shows signs of recovery with a 14.4% vacancy rate—down from 17.3% in 2024 and the first time below 16% since pre-pandemic.
Insight
Office Insight, San Jose, Costa Rica – 2025
The San Jose office market has reached pre-pandemic vacancy levels. Underlying this recovery is a clear bifurcation between premium and secondary assets, with multinational companies and their shared service centers (SSC) driving market dynamics through their requirements for skilled talent.