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Colombia

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Colombia
Last Updated: 1-Feb-2008
Market Overview
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Market Research

* Click on each category for a detailed definition.

RENT/M2/MONTH RENT/SF/YEAR
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) COP 45,000.00 COP 57,000.00 COP 51,000.00 $ 24.68 $ 31.26 $ 25.09 5.0% N/A
Class A (Prime) COP 35,000.00 COP 42,000.00 COP 35,000.00 $ 19.19 $ 23.03 $ 17.22 10.0% N/A
Class B (Secondary) COP 20,000.00 COP 25,000.00 COP 22,500.00 $ 10.97 $ 13.71 $ 11.07 15.0% N/A
 
Suburban Office
New Construction (AAA) N/A N/A N/A N/A N/A N/A N/A N/A
Class A (Prime) N/A N/A N/A N/A N/A N/A N/A N/A
Class B (Secondary) N/A N/A N/A N/A N/A N/A N/A N/A
 
Industrial
Bulk Warehouse COP 10,000.00 COP 15,000.00 COP 12,500.00 $ 5.48 $ 8.23 $ 6.15 N/A N/A
Manufacturing COP 7,000.00 COP 10,000.00 COP 7,000.00 $ 3.84 $ 5.48 $ 3.44 N/A N/A
High Tech / R&D N/A N/A N/A N/A N/A N/A N/A N/A
 
Retail
Downtown COP 35,000.00 COP 52,000.00 COP 43,500.00 $ 19.19 $ 28.52 $ 21.40 15.0% N/A
Neigborhood Service Centers COP 69,000.00 COP 85,000.00 COP 77,000.00 $ 37.84 $ 46.61 $ 37.88 5.0% N/A
Community Power Center N/A N/A N/A N/A N/A N/A N/A N/A
Regional Malls N/A N/A N/A N/A N/A N/A N/A N/A

Development Land Low/ M2 High/ M2 Low/SF High/SF
Office in CBD (per buildable M2/SF) COP 70,867.00 COP 88,708.00 $ 3.24 $ 4.05
Land in Office Parks N/A N/A N/A N/A
Land in Industrial Parks COP 31,965.00 COP 35,434.00 $ 1.46 $ 1.62
Office/Industrial Land - Non-park N/A N/A N/A N/A
Retail/Commercial Land N/A N/A N/A N/A
Residential COP 35,434.00 COP 53,274.00 $ 1.62 $ 2.43

Conversion 2033COP = 1 US$


 

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