For institutional fund strategies, Calle 100 (Chico Norte) carries the strongest investor flag in Bogotá, with prime yields around 7.8%.

  • Trophy submarket (Calle 100 (Chico Norte)) carries the strongest investor flag.
  • Prime yield: 7.8%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Bogotá office fund strategy and flag

For institutional fund strategies, Calle 100 (Chico Norte) carries the strongest investor flag in Bogotá, with prime yields around 7.8%.

TL;DR

  • Trophy submarket (Calle 100 (Chico Norte)) carries the strongest investor flag.
  • Prime yield: 7.8%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Where core funds buy

Core capital concentrates in trophy stock with long-WAULT income. In Bogotá, that's Calle 100 (Chico Norte) and assets like BD Bacatá, Atrio Norte Tower 1.

Where value-add looks

Value-add capital looks at secondary Class A and convertible Class B with repositioning angle. The trophy/secondary cap-rate spread has widened post-2022, which has reopened the value-add basis for repositioning plays.

Key facts

cityBogotá
countryColombia
regionAmericas
classARentLocal110000 COP/sqft/yr
classARentUsd$28/sqft/yr
vacancy14.6%
typicalLeaseYears5
typicalRentFreeMonths5
submarkets5
primeYieldPct7.8%
primeYield7.8%
trophyAnchorCalle 100 (Chico Norte)

Frequently asked questions

Where do core funds buy in Bogotá?
Trophy submarket — Calle 100 (Chico Norte) — and the most defensible long-WAULT assets within it.

Editorial provenance

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

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