According to Jones Lang LaSalle IP’s ‘Office Market Overview’ for Latin America, supply of new office space in Cali should fall from 16,000 square metres in 2014 to 10,000 square metres in 2015. Expected net absorption is expected to remain steady at 15,000 square metres to. This is in the context of an overall vacancy rate of 7.0% across 177,000 square metres of space at the end of 2014. Class A office rents were USD8-15 per square metre per month.

Source : 31 Mar 2015/JLL/Cali/OFF