June 2022
Bogota, Colombia
Bogotá Market Overview
Office Market Overview
Maps
Local Market Practices
Peaking market
Falling market
Rising market
Bottoming market
Market Overview
Bogota's office market
Rents Decentralized – Non Prime
USD $10.5 – $15.3 m²/ month
$40,000 - $58.000 m²/ month
Rents Decentralized - Prime
USD $15 – $19.7 m²/ month
$57,000 - $75,000 m²/ month
Rents CBD – Non Prime
USD $14.5 – $17.9 m²/ month
$55,000 - $68,000 m²/ month
Rents CBD – Prime
USD $17.1 – $23.7 m²/ month
COP $65,000 – $90,000 m²/ month
Q4, 2021 Total Stock
2,746.237 m²
Q4, 2021 Vacancy rate
14.4 %
Q4, 2021 Net Absorption
28,150 m²
Market Trend
1
2022
Tenant favorable
2
2023
Tenant favorable
3
2024
Neutral
4
2025
Neutral
Market Overview
Bogota's office submarkets
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.
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.
Competitors Map
Local Market Practices Traditional Offices
Colombia
Contact
JLL Colombia
+57 1 744 1410
Jean-Baptiste Wettling
Director
JLL Colombia

Jean.Wettling@am.jll.com
Cindy Suarez
VP Work Dynamics
JLL Colombia

Cindy.suarez@am.jll.com
Natalia Ruiz
Consultant
JLL Colombia

Natalia.ruiz@am.jll.com