Market Fundamentals
- The net absorption for the first quarter is 14,129 sqm, an increase of 2,600 sqm compared to the same period in 2023.
- Prices continue to rise. The rental price closed at COP $78,200 and the sale price at COP $12,431,000.
- High-specification construction projects remain scarce.
Actual Conditions
- In 2024, availability will continue to decrease, especially in the CBD (Central Business District), where the highest demand exists.
- Due to the scarcity in the construction of high-specification spaces, it is anticipated that absorption in 2024 will remain at levels comparable to those of 2023.
- Prices will continue to increase, a trend that will be primarily observed in the CBD area. In contrast, peripheral corridors are beginning to experience a decrease.