JLL: Net absorption of office space in Bogotá to rise in 2015.


According to Jones Lang LaSalle IP’s ‘Office Market Overview’ for Latin America, supply of new office space in Bogotá should rise from 165,000 square metres in 2014 to 247,000 square metres in 2015. Expected net absorption is expected to rise from 105,000 square metres to 190,000 square metres. This is in the context of an overall vacancy rate of 6.1% across 1,801,000 square metres of space at the end of 2014. Class A office rents were USD25-38 per square metre per month.

Source : 31 Mar 2015/JLL/Bogotá/OFF