Average sales price of office real estate in Colombia 2022-2023, by city

Published by Statista Research Department, Oct 23, 2024

In the second quarter of 2023, Medellín experienced the highest average sales price for office real estate among the major cities of Colombia. The average sales price of an office in Medellín was 10.2 million Colombian pesos per square meter. Interestingly, it also saw the highest rise in office prices as compared to the second quarter of 2022, showing an increase of over 51 percent. Conversely, Barranquilla and Cali exhibited the lowest prices.

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

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Release date

October 2023

Region

Colombia

Survey time period

Q2 2022 and Q2 2023

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