Research

Colombia Flex Space Overview

The expansion of flex space was one of the most prominent trends of the office market in the last quinquennium. In Colombia, the figures are striking: the flex space stock held by the five top players flourished from 13,000 sqm in 2014 to 114,300 sqm in 2019.

Our global team forecasts flex space could reach 30% of quality office stock by 2030. In our region, the share could be even greater, due to idiosyncratic elements favorable to flex space: policy and economic uncertainty push companies to seek flexibility to lower their operational risk.

 

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