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Colombia

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

Market Research provided by NAI Colombia Correa
Last Updated: 11-Nov-2010
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 60,000.00 COP 75,000.00 COP 67,500.00 $ 35.95 $ 44.94 $ 36.28 8.0% 9.0%
Class A (Prime) COP 40,000.00 COP 55,000.00 COP 47,500.00 $ 23.97 $ 32.96 $ 25.53 10.0% 9.0%
Class B (Secondary) COP 30,000.00 COP 38,000.00 COP 34,000.00 $ 17.98 $ 22.77 $ 18.27 15.0% 8.0%
 
Suburban Office
New Construction (AAA) COP 18,000.00 COP 25,000.00 COP 21,500.00 $ 10.79 $ 14.98 $ 11.56 N/A 9.0%
Class A (Prime) N/A N/A N/A N/A N/A N/A N/A 9.0%
Class B (Secondary) N/A N/A N/A N/A N/A N/A N/A 8.0%
 
Industrial
Bulk Warehouse COP 10,000.00 COP 18,000.00 COP 14,000.00 $ 5.99 $ 10.79 $ 7.52 15.0% 9.0%
Manufacturing N/A N/A N/A N/A N/A N/A N/A 9.0%
High Tech / R&D N/A N/A N/A N/A N/A N/A N/A 9.0%
 
Retail
Downtown COP 120,000.00 COP 200,000.00 COP 160,000.00 $ 71.91 $ 119.84 $ 86.00 5.0% 10.0%
Neigborhood Service Centers COP 30,000.00 COP 75,000.00 COP 52,500.00 $ 17.98 $ 44.94 $ 28.22 N/A 9.0%
Community Power Center COP 15,000.00 COP 22,000.00 COP 18,500.00 $ 8.99 $ 13.18 $ 9.94 N/A 9.0%
Regional Malls COP 20,000.00 COP 30,000.00 COP 25,000.00 $ 11.98 $ 17.98 $ 13.44 N/A 9.0%

Development Land Low/ M2 High/ M2 Low/Acre High/Acre
Office in CBD N/A N/A N/A N/A
Land in Office Parks N/A N/A N/A N/A
Land in Industrial Parks N/A N/A N/A N/A
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 N/A N/A N/A N/A

Conversion 1860.50COP = 1 US$


 

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