Understanding Real Estate Obsolescence
As businesses expand and industry needs shift, aging properties can lose their competitive edge. Factors contributing to real estate obsolescence include:
🔹 Changing Workplace Dynamics – With remote and hybrid work models reshaping office demand, older office spaces must adapt to remain relevant.
🔹 Technological Advancements – Smart buildings, energy efficiency, and sustainability certifications are now essential to meet modern corporate requirements.
🔹 Shifting Tenant Preferences – Companies increasingly seek flexible, amenity-rich spaces that align with workforce expectations.

Costa Rica’s Response to Real Estate Transformation
In response to these challenges, redevelopment, repositioning, and adaptive reuse have become critical strategies in Costa Rica’s corporate office market. Cushman & Wakefield | AB Advisory is at the forefront of this transformation, guiding property owners and investors in:
🏢 Revitalizing Aging Assets – Implementing upgrades, retrofits, and repurposing strategies to extend property lifecycles.
📈 Analyzing Market Gaps – Identifying emerging tenant needs to reposition properties effectively.
♻️ Driving Sustainability Initiatives – Enhancing energy efficiency, reducing carbon footprints, and obtaining LEED certifications.

Reinventing Spaces for the Future
The corporate real estate sector in Costa Rica is poised for reinvention. Whether it’s modernizing existing buildings or transforming underutilized spaces, there are vast opportunities for investors willing to embrace change.

At Cushman & Wakefield | AB Advisory, we help you maximize the value of your assets through strategic real estate planning and data-backed solutions.

🔑 Our method is the key to unlocking your property’s potential. Let’s build the future of real estate together!