Page 299 - B2B All Year Round Vol.8

Available facilities for industrial developments in Free Trade

Zones and industrial parks

Sale price, USD/m2 Rent price, USD/m2
City Location Minimum Maximum
Average Average
cost cost
Industrial park class A+ N.D. $ 5,8 $ 5,8 $ 5,9
Industrial park class A $ 638,5 $ 2,8 $ 4,1 $ 5,7
Bogotá
Cost of sale Industrial park class B $ 559,1 $ 2,2 $ 3,5 $ 5,6
and rental of Free Trade Zone $ 619,8 $ 3,3 $ 5,2 $ 7,3
N.D.
warehouses as Industrial park class A+ $ 857,9 $ 5,0 $ 5,5 $ 6,1
Industrial park class A
$ 3,8
$ 5,9
$ 4,9
of December Medellín Industrial park class B N.D. $ 3,7 $ 4,0 $ 4,5
2019 Free Trade Zone N.D. $ 3,0 $ 3,0 $ 3,0
Industrial park class A+ N.D. $ 4,4 $ 4,7 $ 5,3
Industrial park class A $ 571,3 $ 3,9 $ 4,3 $ 4,7
Barranquilla
Industrial park class B N.D. $ 3,7 $ 4,2 $ 4,3
Free Trade Zone $ 685,7 $ 4,6 $ 5,5 $ 5,8
Industrial park class A N.D. $ 4,6 $ 4,6 $ 4,6
Cali Industrial park class B $ 338,5 $ 2,7 $ 3,0 $ 3,7

Free Trade Zone N.D. N.D. N.D. N.D. Source: Colliers International, 2020
Industrial park class A+: They have a logistical work orientation, wide access roads, parking for trucks, security, innovative access control systems,
wastewater treatment plant and different services such as restaurants, nursing, scales, among others. The warehouses have a free height of 11.5 meters
minimum, resistance of floors of 4 Ton / m² or more and several loading docks.

Industrial park class A: They are located near main access roads. The warehouses have triple height, high resistance of floors and other additional
services. They have a significant area compared to the market average.

Industrial park class B: Construction time over 15 years, located on secondary access roads, single or double height in storage and limited additional
services. Generally, they have an area below the market average.
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Free Trade Zone: Territory with tax benefits for the development of productive activities.