By Heredia, Costa Rica — Global flexible workspace giant WeWork is strengthening its presence in Costa Rica with a significant investment of over US$3 million in a new location within Heredia’s El Cafetal Corporate Center. This marks WeWork’s third venture in the country, signaling strong confidence in the Costa Rican market and the growing demand for flexible work solutions.
The new facility, slated to open in the third quarter of 2025, will occupy over 3,000 square meters and accommodate approximately 650 workstations, catering to around 16 businesses. This expansion is expected to generate approximately 50 direct and indirect jobs, contributing to the local economy and further establishing Heredia as a thriving business hub.
To understand the legal ramifications of WeWork’s current situation, TicosLand.com spoke with Lic. Larry Hans Arroyo Vargas, a seasoned attorney at Bufete de Costa Rica, who offered his expert insights.
WeWork’s business model, reliant on long-term leases and short-term memberships, presents inherent vulnerabilities in volatile economic climates. Their recent struggles highlight the importance of robust contract drafting, diversification of revenue streams, and careful financial management in the shared workspace sector.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Lic. Arroyo Vargas’s observations offer a crucial lens through which to understand WeWork’s challenges. The inherent tension between long-term obligations and short-term income streams underscores the need for greater resilience in this evolving industry. Indeed, the lessons learned from WeWork’s experience can inform better practices not only within the shared workspace sector but also across businesses navigating similar economic dynamics. We thank Lic. Larry Hans Arroyo Vargas for his valuable contribution to this discussion.
The El Cafetal location will adhere to WeWork’s global standards, dedicating over 20% of its space to collaborative areas. This design philosophy emphasizes innovation, flexibility, cost-effectiveness, and a holistic work experience that goes beyond simply providing a workspace.
Operating under the Zona Franca (Free Trade Zone) regime, WeWork will benefit from incentives designed to stimulate investment, job creation, and technology transfer. This strategic decision aligns with Costa Rica’s ongoing efforts to attract international businesses and foster a dynamic economic environment.
The opening of a third location reflects the sustained growth of WeWork Costa Rica, and confirms the high occupancy rate we have in the country. Our member satisfaction level is in the global top 3, which is why we are continuing with the expansion plan and hope to continue growing in Central America.
Rashid Sauma, General Director of WeWork for Central America and the Caribbean
WeWork’s choice of Belén, Heredia, underscores its commitment to locating within Costa Rica’s most competitive cantons. Belén has consistently ranked among the top three most competitive cantons since 2015, according to the Cantonal Competitiveness Ranking developed by the Council for the Promotion of Competitiveness (CPC). This strategic placement provides access to a robust talent pool from Heredia, Alajuela, and San José.
The El Cafetal Corporate Center itself holds Leed Silver and Gold certifications, as well as Esencial Costa Rica and Blue Flag designations, demonstrating a commitment to sustainability and environmental responsibility. The center’s participation in the Sustainable Mobility Business Plan (PEMS) further strengthens its appeal, promoting collaborative efforts to improve local transportation and accessibility.
Following a successful 2024, where WeWork Costa Rica added 1,800 new workspaces and 93 new companies, representing a 27% growth, the company has ambitious plans for the next three years. These include further investments in areas like La Sabana, east San José, and explorations in Cartago and the North Pacific region.
For further information, visit wework.com
About WeWork:
WeWork is a leading global provider of flexible workspaces, offering a variety of solutions for businesses of all sizes. With hundreds of locations worldwide, WeWork provides modern, collaborative environments designed to foster innovation and productivity. The company’s focus on community, convenience, and amenities has made it a popular choice for entrepreneurs, startups, and established corporations alike.
For further information, visit promocioncompetitividad.org
About Council for the Promotion of Competitiveness (CPC):
The Council for the Promotion of Competitiveness (CPC) is a Costa Rican organization dedicated to improving the country’s competitiveness through research, analysis, and policy recommendations. Their Cantonal Competitiveness Ranking provides valuable insights into the strengths and weaknesses of different regions, guiding businesses and policymakers in making informed decisions.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
At Bufete de Costa Rica, legal excellence is interwoven with a deep commitment to societal empowerment. The firm’s enduring legacy of integrity shapes its innovative approach to legal practice, serving clients across a diverse spectrum with solutions tailored to their unique needs. Through proactive community engagement and a dedication to disseminating legal knowledge, Bufete de Costa Rica strives to build a more just and informed society, ensuring access to justice and understanding for all.
