Bogotá Office Market
- Limited supply is expected in key corridors such as the CBD, due to the low feasibility of new developments given high construction costs and restrictive financial conditions. This will prolong the delivery times for new spaces.
- The scarcity of large, well-located offices will continue to drive selective upward pressure on prices, especially in buildings with good specifications and access to services.
- Occupier decision-making will continue to be marked by financial caution and the pursuit of efficiency, consolidating demand for flexible, well-equipped, and ready-to-occupy (plug & play) spaces.
Bogotá Industrial Market
- The first half of 2025 showed an improvement in the net absorption of industrial spaces, recovering from the negative balances of 2024 and aligning with a moderate rebound in economic growth.
- Sectors such as logistics, e-commerce, and light manufacturing drove demand, with the consolidation of BTS (Build-to-Suit) operations standing out in strategic corridors.
- A positive trend in rental prices is anticipated, supported by the relative scarcity of quality spaces and the resilience of demand in key suburban areas.