Why are small apartments generating greater demand in Colombia?

Today's families are not as large as they used to be. In cities such as Bogotá and Medellín, more and more people are living alone, as couples, or with their pets. This dynamic is changing what is considered “ideal housing” and is making room for smaller, well-located, modern, and functional units. Here we explain why small apartments are generating greater demand in Colombia.
Why are small apartments generating greater demand?
In Colombia, single-person households and couples without children have grown significantly, which is reflected in the demand for more compact spaces. Among new home buyers, young professionals, many between the ages of 25 and 35, are looking to live close to work, with good mobility, green spaces, and entertainment options. For them, the value is not in having more square footage, but in enjoying a better location. Economic factors also play a role. The increase in price per square meter and construction costs has led many to opt for smaller units, which offer more affordable down payments, rents, or loans.
In addition, new work and personal dynamics such as teleworking, mobility, and the rise of households with pets have changed housing needs. As a result, residential projects are adapting to offer versatile, comfortable, and well-equipped spaces. From a market perspective, small apartments are also attractive to investors and developers. They allow for better use of urban land while responding to a growing demand for rental apartments.




