The Coliving Boom in Colombia. Lucrative opportunities for your touristic property.
Updated: Oct 27, 2023
Review:
The housing modality known as Coliving offers solid stable income opportunities in Colombia, especially in the top 3 cities with the highest demand in the country for this type of housing. Medellin, Cartagena and Bogota. Owners of apartment buildings, boutique hotels, hostels and guesthouses can take advantage of this trend by leasing their properties to coliving companies, which offer great long-term stable income, consistent occupancy and professional management.
Find out how these cities offer an environment conducive to the growth of coliving and how owners of these types of properties can capitalize on these advantages
The concept of coliving is gaining popularity around the world, and Colombia's coliving boom and opportunities are no exception. Before exploring the benefits of investing in this type of shared housing in the country's most in-demand cities, it is important to understand what this real estate revolution is and what it is all about
¿What is Coliving?
Coliving is an innovative way of living that combines elements of shared housing and community. In essence, it is a living space designed to provide residents with not only a place to live, but also a social and collaborative environment where they can interact, work and grow together.
Co-living spaces typically offer a variety of services and amenities, such as well-designed common areas, shared workspaces, events, social activities, and a focus on lease flexibility. This makes it an attractive option for a wide range of people, from young professionals and students to digital nomads and long-term travelers.
Now that we understand the essence of coliving, let's explore the benefits of investing in this type of housing in the cities of Medellín, Cartagena, and Bogotá, and see how owners of apartment buildings, boutique hotels, hostels, and guesthouses can capitalize on this trend by leasing their properties to global coliving companies on a long-term basis.
Medellin: A booming city for coliving
Medellín, known as the city of eternal spring, has undergone a remarkable transformation in recent decades. Its pleasant climate, stunning scenery and growing business scene make it attractive to both locals and expatriates. This creates a constant demand for flexible housing, and coliving has become an ideal solution.
The benefits to landlords in Medellín are clear. By renting their properties to coliving companies, apartment owners can enjoy long-term, stable income without having to worry about individual tenants. In addition, these companies often take care of maintenance and management, reducing the burden on landlords. In a city that attracts a steady stream of professionals and entrepreneurs, coliving offers a safe and profitable investment for both apartment buildings and hostels.
Cartagena: Tourism and Coliving in Symbiosis
With its rich history, colonial architecture and stunning beaches, Cartagena is one of Colombia's most popular tourist destinations. This has led to a boom in boutique hotels, hostels and inns, but there is also a growing demand for more affordable and flexible accommodation for long-term visitors, students and professionals seeking an authentic experience.
Owners of boutique hotels, inns and bed and breakfasts can capitalize on this trend by leasing their properties to co-living companies. This allows them to make the most of their assets year-round, even in the off-season. Coliving also offers a way to diversify revenue and keep occupancy high. In addition, by partnering with reputable coliving companies, owners can ensure professional management and guest satisfaction.
Bogota: A Business Hub for Coliving
Bogota, the capital of Colombia, is a major business and technology hub in Latin America. The city attracts professionals from all over the world looking for work and entrepreneurial opportunities. Living in Bogota has become an attractive option for those seeking a comfortable and affordable housing solution.
For owners of apartment buildings, boutique hotels, hostels and guesthouses in Bogota, renting to coliving companies can provide a steady and stable income. Demand for this type of accommodation is high, and coliving companies often sign long-term contracts. This guarantees an income stream and minimizes vacancies. In addition, professional property management by coliving companies relieves owners of many of the day-to-day responsibilities.
Conclusions: Opportunities for Coliving in Colombia
Coliving is consolidating as a booming housing modality in Colombia, especially in the cities of Medellin, Cartagena and Bogota. This trend offers a number of advantages for owners of apartment buildings, boutique hotels, inns and hostels, as well as for investors looking for a safe and profitable long-term investment.
In Medellín, the city of eternal spring, the demand for flexible housing is growing steadily, and owners can enjoy a stable income by renting their properties to coliving companies.
The same is true in Cartagena, one of Colombia's most popular tourist destinations, where owners of boutique hotels, guesthouses and hostels can diversify their income and maintain high occupancy rates.
Bogota, as a business and technology hub, attracts professionals from around the world, and coliving has become an attractive option for those seeking comfortable and flexible accommodations, inviting owners of boutique hotels and other hospitality properties to enter into leases with coliving companies and enjoy stable, long-term income.
Opportunities for Property Owners in Medellín, Bogotá and Cartagena
If you own apartment buildings, boutique hotels, hostels or guesthouses in the following locations: Medellín (Poblado, Laureles), Bogotá (Usaquén, Chapinero), Cartagena (Centro histórico, Getsemaní) and are interested in taking advantage of the coliving trend, here is an exciting opportunity:
Offer your property on a 5 year lease to one of our clients. The property would have an ideal but not mandatory minimum of 20 units or rooms. Each with a private bathroom and adequate furnishings. Make sure you have quality amenities, services and connectivity for a turnkey operation where the client is responsible for operational management.
Contact me for more details so we can evaluate your property to present to our clients.
Alejandro Betancourt
Email: alejandrobroker.co@gmail.com
Whatsapp: +57 313 3387060
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