Colombia. Different platforms for the purchase and lease of new spaces are experiencing a moment of reactivation. After two years of pandemic, where several projects went down, the different real estate companies focus their strategies to meet the diverse needs of the market.
In relation to this, cities like Bogotá experience endless requests to launch new locations that provide safer services, but at the same time have a versatility that allows combining different lines of business under one roof.
Roberto Cáceres, CEO of Colliers, argued that "the measures implemented by the owners and real estate funds, such as the renegotiation of contracts and other financial relief, resulted in rent adjustments and grace periods in the most critical cases. This led to availability rates in the Colombian real estate market being in a relatively positive range according to international standards."
According to market data, the national availability rate is 10.96% in Offices, 7.24% in Industrial and 6.9 1% in Retail. The growth may be due in large part, to the measures executed by the different construction companies have been key.
During 2021, Colliers closed with $32 billion in revenue, showing levels similar to those of 2019. It is worth noting that during the sanitary restrictions the different sales agents reported interest from different sectors to buy real estate or to establish projects thanks to the benefits presented by the different local entities.