Average sales price of retail real estate in Colombia 2022-2024, by city

Published by Statista Research Department, Dec 5, 2024

In the second quarter of 2024, Medellín 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 Medellín was 20.06 million Colombian pesos per square meter. Interestingly, it also saw the highest rise in retail facility prices as compared to the second quarter of 2023, showing an increase of 20 percent. Bogotá occupied the second position, with retail real estate costing an average of 15.4 million Colombian pesos per square meter, showing a decrease of 12 percent compared to 2023.

Average sales price 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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