Medellin remains the Latin American market with the lowest availability, with a vacancy rate of 4.7% in the first half of 2025 despite the opening of an office building in the second half of last year.
- The annual 15% increase in rents demonstrates the pressure generated by the shortage of available spaces. The limited supply has driven a sustained adjustment in prices, both in Prime and Non-Prime assets.
- In the first half of 2025, no production was registered nor are there any assets currently under construction, which will push rents upward and restrict the entry of new users with large-scale demands for modern and competitive spaces.