Bogotá, Colombia - 2023
Market Survey
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
JLL is the trade name of, and a registered trademark of, Jones Lang LaSalle Incorporated.

We help maximize the value of your real estate decisions so you can achieve your ambitions, however bold and challenging they may be.
A Company
Fortune 500
With presence in +80 countries
R.E. Professionals
JLL employees
Full Service Office
Key Markets
Bogotá - Medelllín - Cali - Barranquilla -Bucaramanga
Global presence
Colombia overview
• The International Property Awards named JLL as the best Property Consultant in Central and South America for five consecutive years 2012 – 2017.
• JLL is the only commercial real estate service company to achieve Platinum status as a LEED+C Verified Provider ID
• Argentina, Colombia, Chile and Mexico awarded by The International Property Awards alternately as best Advisor or best Real Estate Property Consultant for five consecutive years 2012 – 2017.
• Latin America JLL No. 1 Real Estate Advisor and Consultant at the Euromoney Real Estate Awards 2016.
• The World's Most Ethical Company by Ethisphere for nine consecutive years 2008 – 2016.
• JLL one of the most admired in the world by FORTUNE 500 magazine in 2008, 2015 and 2017.
• ENERGY STAR Partner of the Year, Sustained Excellence 2013-2016.
• Fortune 500: 2015, 2016, 2017
Awards and Recognitions
Customized solutions
We have extensive experience in the region while understanding that "there are no universal solutions". We understand the unique needs and characteristics of each company and its culture and translate them into a tailored strategy.
100% JLL inc.
Unlike franchises or joint ventures with a local brokerage firm.
Integral service
We work together with a team of multidisciplinary professionals 100% in House and we propose an integrated solution that includes all the services of the real estate process on its different fronts.
Good practices
Recognized for ten consecutive years as the most ethical real estate services company in the world.
Long term relationships
We work collaboratively with our clients and establish long-term relationships, continuously delivering results and being their strategic partners.
Transactional approach
Our transactional approach is based on consulting, guaranteeing full market coverage, as well as the reduction of conflicts of interest.
Why JLL?
Our presence at a regional level is added as an advantage to provide clients with the necessary cultural understanding, typical and characteristic of the different countries of Latin America, together with in-depth knowledge of trends and best practices at a global level.
We are global and local

Proyect Management

Facilities Management

Portfolio Management / Workplace
Our Services
Corporate Solutions
Exclusive representation and advisory for real estate strategic decisions.
Analysis and implementation through global integrated services.
Optimized search for commercial properties to lease or buy.
Analysis of alternatives, negotiation process and closure.
Asset Services
Landlord representation for commercial strategies creation and implementation.
Consulting & Valuation
Real estate consulting and market research.
Project Structuring, feasibilities and valuation.
Capital Markets
Representation of institutional and private investors.
Strategic processes to buy / sell assets.
Transaction Services
Bogotá Office Market Overview
Peaking market
Falling market
Rising market
Bottoming market
$45,000 - $60,000 m²/ month
2,744,514 m²
12.2 %
Q4, 2022 Total Stock
89,049 m²
Q4, 2022 Vacancy rate
Q4,2022 Net Absorption
$68,000 – $100,000 m² / month
USD $14,5 – 21,4 m²/ month | Rents CBD – Prime
$62,000 - $75,000 m²/ month
USD 13.2 – 16 m²/ month | Rents CBD - Non Prime
54,000 - $68,000 m²/ month
USD 11.5-14.5 m²/ month | Rents Decentralized - Prime
USD $9.6 – 12.8 m²/ month
Rents Decentralized – Non Prime
Non prime
Bogotá Submarkets
Santa Bárbara: An extensive high-income area that is located between Calle 100 and Calle 127.

Calle 100: A primary commercial corridor with several large-scale properties.

Chicó: A high-income area located between Calle 90 and 100. Much of the stock here is composed of smaller buildings with small floorplates, due to high density and zoning laws that restrict building height.

Andino/Nogal: A high-income area anchored by three shopping malls: Andino, Retiro, and Atlantis.

Avenida Chile: The city's financial district, located along and around Calle 72.
Salitre: It includes the area on Avenida El Dorado (Calle26), from Avenida Ciudad de Cali to the NQS. Salitre contains some large-scale, high-quality properties, with large plants and reasonable rents.

El Dorado: A submarket that is seeing rapid growth. Located near El Dorado International Airport, this submarket has several large-scale developments that offer efficiency and economy.

Centro Internacional: Bogotá's old downtown where the oldest buildings can be found; consists mostly of older Class B and C properties that are poorly maintained and have many landlords due to a Strata Title ownership structure.

Others: Any other building that is not in any of the above sub-markets is considered in this category.
Navigation tips in the Market Survey
To view a table with the characteristics of each alternative, click on the round icons located in the map.
To return to the complete comparative table of all the alternatives, click on any sector of the map.
CAM: Common area maintenance
*Estimated figures