The retail/commercial sector is displaying resilience and gradual recovery post-pandemic challenges. With easing restrictions, the traditional 2019 buyer has reemerged, adopting new shopping methods. MTS Consulting + Management, a prominent real estate management firm in Latin America, highlights various trends anticipated to gain momentum in the retail sector throughout 2023.

The Medellin office sector market report presents several important aspects that were evidenced during the last quarter of 2022.

According to a recent report, the corporate sector has exhibited signs of recovery with increases in both supply and prices. However, demand still lags significantly, standing at 64% below the average observed in the first quarter of 2020 and 70% compared to 2019 levels.

A recent report highlights El Poblado as the most dynamic corporate sector, commanding 50% of the total inventory in Medellín. Following closely is Las Palmas, constituting 11% and emerging as a hub for class A+ and A projects. The majority of the supply, approximately 64%, is concentrated in Medellín, with the remaining 36% dispersed across other municipalities in the Aburrá Valley.

Amidst challenges in Colombia’s real estate sector, intermediate cities emerge as promising investment hubs. Despite a downturn in housing sales and the nation’s economic complexities, cities like Bucaramanga, Manizales, Pereira, and Ibague are witnessing substantial growth in real estate. This positive trend is attributed to strategic investments in infrastructure and economic development within these urban centers.