Bogotá office and logistics rents rise amid low vacancy

Bogotá has recorded the highest simultaneous increases in rents for high-specification offices and logistics warehouses in the region. According to Cushman & Wakefield MarketBeat reports for the first half of 2026, this trend is driven by limited space availability and exchange rate fluctuations.

The Colombian capital reported a vacancy rate of just 5.4%, significantly lower than other major Latin American cities such as Lima (8.6%), Santiago (8.9%), São Paulo (11.4%), and Mexico City (18.7%). This scarcity of product is creating strategic challenges for companies looking to expand or initiate operations in the region, as early decision-making regarding real estate becomes critical to avoid rising costs and limited options.