Average rental cost of office real estate in Colombia 2022-2024, by city

Published by Statista Research Department, Dec 5, 2024

During the second quarter of 2024, Bogotá had the highest average monthly rent for offices among the major cities in Colombia. The average monthly rent in Bogotá was approximately 71,000 Colombian pesos per square meter. In Cali, the average rent of offices reached 56,900 Colombian pesos per square meter, a rise of over three percent from the second quarter of 2023. On the other hand, Barranquilla offered the most affordable offices, at slightly above 54,500 Colombian pesos per square meter.

Average rent of office real estate in Colombia in 2nd quarter 2022, 2023 and 2024 by city (in 1,000 Colombian pesos per square meter) 

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Release date

October 2024

Region

Colombia

Survey time period

Q2 2022, Q2 2023 and Q2 2024

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