Average rental cost of office real estate in Colombia 2022-2023, by city
During the second quarter of 2023, Bogotá had the highest average monthly rent for offices among the major cities in Colombia. The average monthly rent in Bogotá was approximately 68,000 Colombian pesos per square meter. In Cali, the average rent of offices reached 55,400 Colombian pesos per square meter, a rise of over 27 percent from the second quarter of 2022. On the other hand, Barranquilla offered the most affordable offices, at slightly above 50,000 Colombian pesos per square meter.