What is the average Class A rent in Bogotá?

Around 110000 COP/sqft/yr ($28 USD) across the broader Class A index. Trophy submarkets like Calle 100 (Chico Norte) command 20–40% above that.

How many months of rent-free are normal in Bogotá?

5 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Bogotá?

The Bogotá Class A market is currently rising. Vacancy is 14.6%, which sets the negotiating context.

Headline Class A rent in Bogotá is around 110000 COP/sqft/yr ($28 USD), with 5 months of typical rent-free on a 5-year term.

Headline Class A rent: 110000 COP/sqft/yr ($28 USD).
Trophy submarket rents (Calle 100 (Chico Norte)) push to roughly COL$130,000/sqm/mo · ≈ $36.2 PSF/yr USD.
Typical concessions on a 5-year deal: 5 months free rent.
Vacancy stands at 14.6% — market trend is rising.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Bogotá Class A office rents and incentives

Headline Class A rent in Bogotá is around 110000 COP/sqft/yr ($28 USD), with 5 months of typical rent-free on a 5-year term.

TL;DR

Headline Class A rent: 110000 COP/sqft/yr ($28 USD).
Trophy submarket rents (Calle 100 (Chico Norte)) push to roughly COL$130,000/sqm/mo · ≈ $36.2 PSF/yr USD.
Typical concessions on a 5-year deal: 5 months free rent.
Vacancy stands at 14.6% — market trend is rising.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Bogotá are quoted in COP per sqft per year. Across the broad Class A index the figure is 110000, but the trophy tier in Calle 100 (Chico Norte) reaches roughly COL$130,000/sqm/mo · ≈ $36.2 PSF/yr USD. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Bogotá concessions on a 5-year Class A lease run to 5 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — 35% Colombian corporate income tax. 19% VAT. ICA municipal tax of 0.4-1.4%. FTZ (Free Trade Zone) regime offers 20% rate plus VAT and customs benefits for qualifying activities.

Where rents land by submarket

Calle 100 (Chico Norte) sits at the top end (~COL$130,000/sqm/mo · ≈ $36.2 PSF/yr USD). Salitre & Connecta Business District clears around COL$95,000/sqm/mo · ≈ $26.5 PSF/yr USD as the prime tier. The full submarket map is on the Bogotá city page.

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%
trophyRent	COL$130,000/sqm/mo · ≈ $36.2 PSF/yr USD
primeRent	COL$95,000/sqm/mo · ≈ $26.5 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Bogotá?: Around 110000 COP/sqft/yr ($28 USD) across the broader Class A index. Trophy submarkets like Calle 100 (Chico Norte) command 20–40% above that.
How many months of rent-free are normal in Bogotá?: 5 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Bogotá?: The Bogotá Class A market is currently rising. Vacancy is 14.6%, which sets the negotiating context.

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

Full sources index · Submit a correction