Vacancy declined from 4.6% at year-end 2025 to 3.7% in 1H 2026, a 0.9 p.p. decrease, amid no new supply and positive net absorption of 7,700 sqm.
19 August 2026
Insight
19 August 2026
Office Report Medellin 1H 2026
Categories:
Authors
Rodrigo Torres
Melissa Margfoy
- Net absorption was concentrated in the CBD, particularly in Norte Poblado, which recorded approximately 5,200 sqm and accounts for the largest availability of Prime office space in the market.
- Average rents maintained their upward trend: Prime reached COP 96,700/sqm/month (+3.9% vs. 2025), while Non-Prime reached COP 87,500/sqm/month (+4.5%), amid constrained supply conditions.