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.

How is this segment performing nationally?

According to the Metrocuadrado website, demand for small apartments continues to grow in the country. In the first nine months of 2025, an average of 7,500 units between 20 and 50 m² were listed each month, demonstrating that this format is consolidating its place in the market.

In turn, a study by Valora Analitik reveals that 83.3% of young people between the ages of 18 and 28 want to own their own home, although only 9.8% have already achieved this. This context drives the search for more accessible alternatives, such as an apartment for sale in Medellín or other major cities. In the last decade, more than 10,500 homes smaller than 30 m² have been built in Colombia, a figure that reflects how size takes a back seat when location and functionality make the difference.

What do buyers and renters value in these apartments?

Smart design and functionality: Modular spaces, vertical storage, and furniture that serves more than one purpose. Currently, small apartments make the most of every space. Terrace, coworking space, gym, pet areas, and integrated laundry facilities. Households with pets are becoming increasingly common, and their well-being is a priority.