Average rental costs for retail real estate in Colombia 2022-2024, by city

Published by Statista Research Department, Dec 5, 2024

Bogotá had the highest average monthly rent for retail real estate among the major cities in Colombia in 2024. In the second quarter of the year, the average monthly rent was approximately 109,700 Colombian pesos per square meter, that was 3,000 Colombian pesos in average less than in 2023. Medellín followed closely, with an average monthly rent of over 105,800 Colombian pesos per square meter. Out of the four markets under observation, Medellín and Cali were the only ones where rents increased between the second quarter of 2023 and the second quarter of 2024.

Average rent of retail 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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