Winery case
In the case of the available warehouses in Barranquilla, input costs also increased the rental value of new areas. Collor Colombia’s average of $15,000 to $16,000 per square meter was between $20,000 and $22,000. The offer for the winery market. Those who structure the projects to later offer wineries to the market also make investments hand in hand with demand.
“There is a need for 4,000 meters of warehouse with requirements for docks, wires for fluid operations or something like that, so everything is tailor-made. Building warehouses entails a risk that is very difficult to manage, and industrial parks and their owners avoid having assets for three, four, five or six months without any income or that cannot be placed,” said Germán Rodriguez.
The representative of Colliers Colombia assured that there is indeed a need to increase the supply of offices and warehouses.
“Yes, there is a shortage of office and warehouse products. You look for a winery of 2,000 to 2,500 meters in Barranquilla and you have to wait and see if there is one, or if there is a contract that is about to expire. When you talk to the owner you wonder if he will leave in two or three months so you can move in. We live it day by day because we receive several requests in which they need an office, a warehouse, a commercial space. So we start looking and often we find out that we have to call a fund and do a financial exercise. Look for a custom construction for a warehouse that can work with a specific operation. And then the costs start to rise. and that’s where you start to evaluate whether I go to Barranquilla, I go to Cartagena or the city with an infrastructure like the capital of the Atlantic.
Paola Patinodirector of real estate at Colliers Colombia, specifies that for companies interested in renting offices or warehouses, and not interested in owning assets or properties, when it is appropriate to draw up a contract.
“The former include the property type, location, condition and year of construction, while external factors include macroeconomic aspects such as interest rates, legislation, taxes, market cycle, GDP, inflation and currency risk.
In Colombia, the real estate market moves with different trends, both commercial and residential, allowing companies to remain stable despite the changes and variables mentioned above.”
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
