Vacancy decreased from 17.9% in 2024 to 17.3% at the close of 2025, driven by move-outs in Class B buildings and downsizing among existing tenants
Insight
06 February 2026
Office insight San Jose Costa Rica - 2H 2025
Categories:
Demand was concentrated on Shared Service Centers, with space requirements ranging from 100 to 500 workstations and preference for locations near operational hubs and specialized talent pools, prioritizing quality over cost considerations. Developer caution amid persistent vacancy levels resulted in a historic low of only 16,600 sqm of new inventory delivery during 2025, marking the century's weakest production despite minimum 60% pre-leasing requirements.