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Armenia Insightsas of Oct 2026
Population size
300 K People
Household size
3.2 People
Median household income
1,200,000 COP/month
Cost of living index
65 (Bogota=100)
Retail sales per capita
5,000,000 COP/year
Disposable income
800,000 COP/month per capita
Existing retail mix
Mixed nan
Number of competitors
150 stores
Market saturation
Medium nan
Presence of anchor tenants
Yes nan
Foot traffic from nearby businesses
High nan
Rent costs
2,500,000 COP/month for 100sqm
Property values
800,000,000 COP/hectare
Zoning laws
Commercial zones allowed nan
Business permits
Standard process nan
Availability of retail space
Moderate nan
Proximity to major roads
High nan
Public transportation access
Good nan
Parking availability
Adequate nan
Pedestrian traffic
High in center nan
Vehicle traffic
Moderate nan
Commute times
25 minutes average
Work patterns
9-5 office, flexible tourism nan
Shopping preferences
Value-oriented with local brands nan
Brand affinity
Local coffee and apparel nan
Consumer loyalty
High to familiar stores nan
Entertainment and leisure trends
Coffee tours and parks nan
Crime statistics
Moderate nan
Shoplifting rates
Low to medium nan
Public safety measures
Police patrols and CCTV nan
Tourist spending
1,500,000 COP/visitor average
Tourist footfall
500,000 visitors/year
Major local events
Coffee festivals nan
Seasonal attractions
Wax palm hikes, holidays nan
Total retail space
500,000 sqm
Retail space per capita
1.66 sqm/person
Sustainable retail demand
High nan
Major upcoming retail projects
New coffee-themed mall nan
Consumer spending patterns
Weekly grocery, monthly apparel nan
Top mall shopping preferences
Centro Comercial Viva nan
Key drivers for mall visits
Entertainment and dining nan
Number of existing malls
3 nan
Total retail footfall
2,000,000 visits
Retail market gaps
Premium electronics, international brands nan
Trade area population
500,000 people
Retail potential in catchment area
High nan
Preferred mall layouts
Open-air with green spaces nan
Public transport access
Bus terminals connected nan
Walkability score
65 (out of 100)
Road infrastructure & car access
Good highways nan
Parking capacity in comparable malls
1,000 spaces
Surrounding land use & future developments
Mixed residential-commercial nan
Retail Destinations in Armenia
Browse 3 retail destinations in Armenia, Colombia. Explore retail leasing opportunities, space availability, and market analytics on Occupi.
Armenia at a Glance
- Total Properties3
- CountryColombia
