Piantini tops the list of most in-demand areas, followed by Serrallés, Naco, Los Prados and Bella Vista.
SANTO DOMINGO – Demand for corporate office has grown in the country, driven by changes in the real estate market. The Santo Domingo market, for example, is undergoing a transformation, with less available inventory, more active demand, and a growing preference for sustainable spaces.
This is the view of Indhira Desangles, the veteran advisor to foreign investors, with more than 20 years dedicated to the marketing of corporate and commercial properties.
According to the specialist, the total inventory exceeds 300,000 square meters in the National District, but most of the projects delivered in the last three years have already been sold. The remaining spaces on the market are primarily properties being resold or rented, previously acquired as investments.
Currently, there are very few new offices available, both for sale and for rent, says the expert, after stressing that there are practically no complete corporate buildings on offer, and that only a few isolated opportunities are seen in older properties.
That's why, in the exclusive Piantini district, office space costs up to $6,000 per square meter. "In Piantini, we've already seen sales and resales exceeding $5,000 and $6,000 per square meter ," Desangles noted.
He opined that these prices reflect a high-value market, driven by the scarcity of new spaces and the increase in demand.
New development opportunities
Given this situation, Indhira Desangles sees a growth opportunity in the development of small offices between 30 and 100 square meters aimed at local investors and companies.
He said that developers are diversifying their offerings towards more affordable units, starting at approximately US$200,000, to larger corporate spaces that reach prices above US$4,000 and US$5,000 per square meter.
What the investor is looking for
Desangles explained that “The city is no longer in a stage of excess of options, but in one of strategic decisions. Today the key is efficiency, sustainability and location,” he asserts.
Regarding occupancy trends, he points out that many multinational companies are adopting hybrid work models and seeking ready-to-operate spaces. “These companies are leaving behind large, traditional offices and prioritizing modern, efficient, and adaptable spaces,” he noted.
Location preference
Regarding location, he stated that Piantini tops the list of most sought-after areas, followed by Serrallés, Naco, Los Prados, and Bella Vista. conversion of residential buildings has become well-established , taking advantage of their proximity to main roads.
Finally, Desangles reported that parking has become a key factor. “In a country where mobility depends on private vehicles, parking is a competitive asset ,” he said.
He explained that the ideal standard would be one space for every 30 square meters, but in most buildings one is offered for every 20, which creates logistical challenges.
