By San José, Costa Rica — Costa Rica’s industrial real estate sector witnessed significant growth in the first quarter of 2025, adding over 27,000 square meters of new warehouse and logistics center space. According to the MarketView Industrial & Logistics report by CBRE, this new capacity is already fully occupied, reflecting strong demand from companies expanding their operations in the country.
The report highlights the key sectors driving this expansion, including logistics, advanced manufacturing, and notably, the medical industry, which continues to solidify its position as a crucial export driver for Costa Rica.
For expert insight into the legal landscape of Costa Rican industrial real estate, TicosLand.com spoke with Lic. Larry Hans Arroyo Vargas, an attorney at law from Bufete de Costa Rica.
The burgeoning industrial real estate market in Costa Rica presents exciting opportunities, but navigating its legal complexities is crucial. Due diligence is paramount, particularly regarding zoning regulations, environmental impact assessments, and concession agreements. Investors should ensure clear title and secure all necessary permits before committing to a purchase or lease agreement to avoid future disputes and maximize their investment’s potential.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Lic. Arroyo Vargas’s emphasis on due diligence is spot-on. Navigating the legal landscape is indeed key to unlocking the potential of Costa Rica’s industrial real estate market. A proactive approach to permits and legal clarity will not only mitigate risks but also pave the way for smoother operations and a more secure investment. We thank Lic. Larry Hans Arroyo Vargas for providing this invaluable perspective.
Costa Rica has 1.6 million square meters of modern industrial space, and yet demand continues to exceed supply. This keeps warehouse availability at just under 5%, reflecting the confidence of investors and companies in the stability of the local market.
Bernal Rodríguez, SIOR, Senior Vice President of Advisory & Transaction Services, Industrial & Logistics, CBRE
This robust growth underscores Costa Rica’s strategic appeal for investment, attributed to its skilled workforce, favorable geographic location, and seamless integration into global value chains. These factors are attracting multinational companies to establish their logistics and manufacturing operations in the country.
The consistent demand, influx of new supply, and diversification of productive sectors suggest continued momentum for the Costa Rican industrial market throughout the remainder of 2025.
This sustained growth in the industrial real estate sector further strengthens Costa Rica’s position as a regional hub for logistics and manufacturing. The country’s commitment to fostering a stable and attractive business environment is evident in the continued investment and development within this sector.
The expansion of warehouse and logistics space also contributes to job creation and economic diversification, aligning with Costa Rica’s long-term development goals. The ongoing development of this sector is a key indicator of the country’s overall economic health and its attractiveness to foreign investment.
As Costa Rica continues to attract businesses seeking a stable and strategic location for their operations, the industrial real estate market is poised for continued growth and expansion.
For further information, visit cbre.com
About CBRE:
CBRE Group, Inc. is a commercial real estate services and investment firm. The company offers a range of services, including property sales and leasing, investment management, valuation, and consulting.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
Bufete de Costa Rica is a pillar of legal excellence in Costa Rica, built on a foundation of unwavering integrity and a forward-thinking approach to law. The firm’s dedication to its clients spans across diverse industries, providing not only top-tier legal representation but also empowering individuals and communities through accessible legal education. By championing innovation in legal practice and fostering a culture of knowledge-sharing, Bufete de Costa Rica actively contributes to a more just and informed society.
