Competitive costs in Valle del Cauca
Last update: 12/09/2022
The region has competitive costs in real estate, human capital, utilities and logistics, which make it an attractive destination to host multiple business operations. This stems from the abundance of qualified human talent, availability of locations and its robust infrastructure network.
Valle del Cauca and its capital, Cali, have a wide range of real estate offerings: from offices to warehouses, industrial parks and land for crops that fit the needs of companies seeking to establish their operations here.
The region has the lowest costs for warehouse rentals, with savings of 30% on average, compared to the main industrial hubs in LATAM. The average cost per square meter m2 for warehouses for sale in industrial parks is USD$555. The average value per square meter m2 of land for sale in industrial parks is USD$106.
The supply of office spaces in the city is distributed across strategic areas with access to public transportation, centers of great influence and commercial premises, and with ample availability of human capital.
In the market for arable land, Valle del Cauca has an average price per hectare of USD $8,000, mostly located in the north and center of the department. It is one of the regions with the greatest potential for agricultural expansion in the country, having 708,950 hectares of land suitable for cultivation and currently more than 360,000 hectares available for agricultural expansion.