Research

Bogota Office Report, H2 2023

The production of new office spaces in Bogota reached its 13-year nadir.

March 14, 2024

The limited expansion of inventory can be attributed to myriad factors. The uncertainty surrounding the demand for office space in light of hybrid and remote work discouraged the initiation of new projects.

Additionally, the combination of high interest rates and inflation has further hindered the profitability of such projects.

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Guatemala Office Insight 1H 2024

Total vacancy stands at 13.5%, down from 20.8% in 2023, mainly driven by absorption in prime locations and high-quality buildings.

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In the first half of 2024, the market showed an uptick in demand backed by flight-to-quality movements in complexes with robust amenities, the arrival of new companies and consolidation of operations into a single site.