How has the commercial and residential development of Laureles been?

How has the commercial sector recovered?

Due to the pandemic, several merchants were forced to close their businesses in their rented premises in Laureles. However, in recent months, the area has welcomed new business models that have boosted certain sectors thanks to the different economic activities found there. Nutibara Avenue and Jardín Avenue have even become a “zona rosa” (entertainment district) where people can enjoy the area's commercial and gastronomic diversity. In addition, in recent years, major shopping centers have been built in the area, such as the Unicentro Shopping Center and the Viva Laureles Shopping Center, which have attracted large chain stores and international brands.

In fact, according to data from the Medellín Secretariat of Economic Development, by the end of 2020, Medellín had a business base of 97,534 companies. Of that total, 7,694 were located in Belén and 9,423 in Laureles.

In 2022, the numbers showed a clear improvement thanks to economic recovery strategies and the resilience of the city's entrepreneurs and business owners. Medellín ended the year with 101,698 companies, of which 10,670 are located in Laureles, representing a growth of 1,247 new business ideas. As such, and as indicated by the Medellín Secretariat of Economic Development, “there are more business ventures in Belén and Laureles. The most dynamic sectors are accommodation, gastronomy, and vehicle repair.” This sector has also become a new opportunity for entrepreneurs who want to launch their business idea in a rented space in Laureles.

What has been the residential dynamic of Laureles?

In the mid-20th century, Laureles developed through medium-rise buildings, mostly two stories high, on large lots, creating a very harmonious ensemble. Today, the area has become a very attractive neighborhood to live in due to its excellent location, large green spaces, and peaceful and safe environment. In recent decades, numerous high-end buildings have been constructed in the area, attracting a high-income clientele and generating greater supply and demand for various apartments for rent in Laureles. In addition, urban renewal projects have been carried out in some sectors, significantly improving the quality of life for residents.

Overall, the commercial and residential development of Laureles has been very important for the city, its residents, and visitors, making it one of the most valuable and attractive areas for business and housing. In this sector, you will find multiple options, as Laureles offers a wide variety of spaces according to each person's lifestyle, needs, and tastes.