A São Paulo's real estate consultancy opens an office in Colombia

The real estate consultancy SiiLA, founded in São Paulo in 2015, is opening its second office outside the country. The first was in Mexico City in 2018, and the next was in Bogotá, the capital of Colombia. The country has one of the five largest economies in Latin America and has attracted a growing flow of investors in corporate buildings, logistics warehouses and shopping malls.

These markets are precisely what SiiLA will monitor, producing reports with data on the number of leases, rent values, occupancy levels and launches, among other data. The coverage will prioritize the cities of Bogotá, Medellín, Calí, Barranquilla and Cartagena.

Both here and abroad, the dispute is with giants of the suit of CBRE, JLL and Newmark. Even so, the perception is that there is room for a local company to act, using the model of multinationals for Latin America, according to SiiLA CEO Giancarlo Nicastro (ex-Cyrela, Odebrecht and Gafisa). Unlike competitors, SiiLA only monitors the market, not the brokerage service.