Vacancy rate of retail real estate in Colombia 2022-2023, by city
Medellín experienced the lowest vacancy rate for retail real estate among the major cities of Colombia in 2023. The vacancy rate for retail facilities in Medellín was 2.1 percent in the second quarter of the year, down from 3.1 percent in the same period in 2022. At the other end of the spectrum was Cali, where the vacancy rate was 10.5 percent.