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.