Average rent for industrial and logistics real estate in Colombia 2022-2023, by city
During the second quarter of 2023, Medellín exhibited the highest average monthly rent for industrial and logistics real estate among the major cities in Colombia. The average monthly rent in Medellín was 22,000 Colombian pesos per square meter. In Cali, the average rent for industrial and logistics properties was 15.6,000 Colombian pesos per square meter, down over 37 percent from the second quarter of 2022. The city of Barranquilla, boasted the most affordable industrial and distribution facilities, with a monthly rent of just 15,000 Colombian pesos per square meter.