How long does opening a Bogotá office take?

4–8 months from kickoff to lease execution for a 5,000–25,000 sqft requirement, plus 12–20 weeks of fit-out.

Plan 4–8 months end-to-end: 4 weeks scoping, 6–10 weeks shortlist and tours, 6–10 weeks LOI and lease negotiation, then 12–20 weeks fit-out before first occupancy.

End-to-end timeline: 4–8 months for a 5,000–25,000 sqft requirement.
Engage tenant rep first — never the landlord's listing agent as your only adviser.
Lock the spec and budget before tours, not after.
Negotiate expansion options early in the LOI — they're cheap when nobody is asking.

Bogotá expansion checklist

Plan 4–8 months end-to-end: 4 weeks scoping, 6–10 weeks shortlist and tours, 6–10 weeks LOI and lease negotiation, then 12–20 weeks fit-out">fit-out before first occupancy.

TL;DR

End-to-end timeline: 4–8 months for a 5,000–25,000 sqft requirement.
Engage tenant rep first — never the landlord's listing agent as your only adviser.
Lock the spec and budget before tours, not after.
Negotiate expansion options early in the LOI — they're cheap when nobody is asking.

Pre-search

1. Define occupancy economics in a spreadsheet first. 2. Lock the headcount and work-style assumptions. 3. Use the Office Space Calculator to size the requirement. 4. Identify the corporate entity, signatories, and credit support strategy.

Search and shortlist

5. Engage a tenant-rep broker who has worked Bogotá for 5+ years. 6. Tour 8–12 buildings; shortlist 3–5. 7. Demand a side-by-side that compares all candidates on identical assumptions.

LOI and lease

8. Issue LOI with the full economic package — base rent, free rent, TI, escalations, options. 9. Negotiate to lease in 6–10 weeks. 10. Coordinate with local counsel on regional-specific provisions. Net leases. 5-year terms with renewal options. Free rent of 3-6 months and TI of COP 350,000-700,000/sqm typical.

Fit-out and move-in

11. Run procurement in parallel with lease negotiation where possible. 12. Tie rent commencement to construction completion on heavy fit-outs. 13. Plan a 4-week ramp-up before peak occupancy.

Key facts

city	Bogotá
country	Colombia
region	Americas
classARentLocal	110000 COP/sqft/yr
classARentUsd	$28/sqft/yr
vacancy	14.6%
typicalLeaseYears	5
typicalRentFreeMonths	5
submarkets	5
primeYieldPct	7.8%

Frequently asked questions

How long does opening a Bogotá office take?: 4–8 months from kickoff to lease execution for a 5,000–25,000 sqft requirement, plus 12–20 weeks of fit-out.

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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