Bogotá ($28/sqft, 14.6% vacancy) and Miami ($78/sqft, 11.8% vacancy) compete on different axes: Bogotá on rent and tax and Miami on talent depth.
Bogotá ($28/sqft, 14.6% vacancy) and Miami ($78/sqft, 11.8% vacancy) compete on different axes: Bogotá on rent and tax and Miami on talent depth.
| Metric | Bogotá | Miami |
|---|---|---|
| Region | Americas | Americas |
| Country | Colombia | United States |
| Class A rent (USD/sqft/yr) | $28 | $78 |
| Class A rent (local) | 110000 COP | 78 USD |
| Vacancy | 14.6% | 11.8% |
| Trend | rising | rising |
| Prime yield | 7.8% | 5.4% |
| Premium flex / seat / month (USD) | $320 | $920 |
| Submarkets covered | 5 | 5 |
| Corporate tax | 35% | 21% |
| Metric | Bogotá | Miami |
|---|---|---|
| Typical term | 5 yrs | 7 yrs |
| Typical rent-free | 5 mos | 9 mos |
| Lease norms | Net leases. 5-year terms with renewal options. Free rent of 3-6 months and TI of COP 350,000-700,000/sqm typical. | Modified-gross structures dominate; 7-10 year terms are common. Free rent of 6-12 months and TI of $80-$140/sqft typical on a 10-year deal. Personal guarantees common for sub-investment-grade tenants. |
| Tax note | 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. | 21% federal corporate income tax; no Florida state corporate income tax for most pass-through structures. Florida assesses a 5.5% corporate income tax on C-corps. No personal income tax. |
| Metric | Bogotá | Miami |
|---|---|---|
| Talent index (0–100) | 76 | 78 |
| Talent note | Deep banking, oil services, and BPO talent. Strong English fluency in international corporate. Strong feed from Universidad de los Andes, Universidad Nacional, Pontificia Javeriana. | Strong bilingual (Spanish-English) finance and legal talent. Deep Latin American banking, asset management, and family-office concentrations. Tech talent is shallower than NY/SF but growing rapidly. |
Bogotá: TransMilenio BRT (12 lines, the world's largest BRT system). Bogotá Metro Line 1 under construction (target 2028). El Dorado International Airport (BOG) bus-served.
Miami: Metromover (free downtown), Metrorail to Brickell and Government Center, Brightline regional rail, MIA Mover from Miami International Airport. Brickell and Downtown are walkable; Wynwood and Coral Gables remain car-dependent.
Bogotá is the cheaper Class A market on a USD basis.
Miami has the deeper talent index (78/100 vs 76/100).
Miami has the lower headline corporate tax (21% vs 35%). Local incentives can change the effective rate materially.
Bogotá typical term is 5 years with 5 months free; Miami runs 7 years with 9 months free.
Bogotá: TransMilenio BRT (12 lines, the world's largest BRT system). Bogotá Metro Line 1 under construction (target 2028). El Dorado International Airport (BOG) bus-served. Miami: Metromover (free downtown), Metrorail to Brickell and Government Center, Brightline regional rail, MIA Mover from Miami International Airport. Brickell and Downtown are walkable; Wynwood and Coral Gables remain car-dependent.
Score Bogotá, Miami and up to two more markets side-by-side on Class A rent, vacancy, talent, corporate tax, and premium flex pricing — all in USD.
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.