Average sales price of retail real estate in Colombia 2022-2023, by city
In the second quarter of 2023, Bogotá experienced the highest average sales price for retail real estate among the major cities of Colombia. The average sales price of a retail property in Bogotá was 17.5 million Colombian pesos per square meter. Interestingly, it also saw the highest rise in retail facility prices as compared to the second quarter of 2022, showing an increase of over 12 percent. Medellín occupied the second position, with retail real estate costing an average of 16.7 million Colombian pesos per square meter.