Bogota office market report, Q4 2019

  • 2019 marked the end of the supply cycle. We expect production to remain low until 2023.
  • The gap between prices for well-located Prime buildings and Non-Prime assets in decentralized locations was the wideston record. It will continue to widen over the next few years.
  • Rents kept their recovery trend reaching their pre-2014 levels. A tighter supply will continue to push up prices.
  • Flight-to-quality demand regains momentum but this trend is threatened by limited supply in the short term. Flex space operators have kept expanding and will keep on taking office spaces, albeit at a slower pace. Similarly, BPO, Call Center, shared service centers, and Tech companies will keep absorbing office spaces but sluggishly as rents rise, and office space and bilingual talent become more scarce.


Fill out this form to download report

There was an error submitting the form. Please try again.


Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.