Average sales price of industrial and logistics real estate in Colombia 2022-2023
In the second quarter of 2023, Medellín experienced the highest average sales price for industrial and logistics real estate among the major cities of Colombia. The average sales price of an industrial space in Medellín was over four million Colombian pesos per square meter. Interestingly, it also saw the highest rise in industrial facility prices as compared to the second quarter of 2022, showing an increase of nearly 20 percent. Bogotá occupied the second position, with industrial and logistics real estate averaging a cost of 2.6 million Colombian pesos per square meter.