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While Medellin’s prime office market has mirrored Colombia’s economic growth over the past few years, it has not received the level of investment that Bogota has. Most companies prefer to have their primary office in Bogota to access its large labor pool and consumer market, as well as to take advantage of its centralized location and status as a primary financial and logistical hub. That said, Medellin has found a niche as a lower-cost alternative for back office and administrative operations, and therefore has also experienced significant growth and investment recently.
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Friday, July 27, 2012