Last year gave us a more favorable outlook on the country’s economy. Large, medium, and small industries in our city helped generate greater economic movement and prevented stagnation as seen in previous months. The gradual return to normality and the celebration of many festivities allowed merchants to resume their activities normally, thanks to the demand for their products and services.

For this reason, the performance of several properties is expected to return to the levels of return they typically had prior to 2020. Below, we share some data provided by La Lonja de Propiedad Raíz de Medellín y Antioquia in last year’s reports.

According to the study conducted, warehouses for rent in Medellín and other areas of the Aburrá Valley showed significant growth in supply for both leasing and sale, with profitability rates close to 0.49%. It should be noted that this varies depending on the area and its location.

Likewise, it is important to consider that rental fees for commercial properties that experienced reductions in 2020 have begun to return to normal values, indicating that profitability in this type of property tends to improve.

Regarding retail spaces for rent in Medellín located in large shopping malls, the average net profitability rate is 0.33% per month. For retail spaces located in shopping centers with stronger commercial tenants, profitability reaches 0.38%.

Net profitability was also calculated for retail spaces for rent in Medellín located in commercial malls. The results were slightly higher than those identified in large shopping centers, due to lower management fees and tax burdens.

As for street-front retail spaces for rent, these were found to offer better profitability than properties located within condominium developments. For used residential properties, a sample of 140,000 homes in Medellín, Envigado, and Sabaneta (socioeconomic strata 4, 5, and 6) showed a contraction of nearly 30%.

They also analyzed the behavior of residential properties in certain areas of the city during the first quarter of last year. This includes apartments for sale in El Poblado, houses for sale in Sabaneta, and other properties located in the Aburrá Valley with the same purpose. The analysis considered sales composition, supply, average time on the market, and price rotation indicators.

These are some of the sectors we have selected to share with you.

These are some of the analyses carried out by La Lonja de Propiedad Raíz de Medellín y Antioquia. We hope this information is of interest and contributes to the preservation of your assets. It is important to stay up to date with market trends and to ensure your properties are managed by a real estate company that provides security and transparency in its processes.

As one of the first real estate companies in Medellín, we have protected the assets of every client who has placed their trust in us. We are currently managing more than 3,864 properties, which is how we have become a real estate company that guarantees proper property management and sales.