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CC Suba, situated in the Suba locality of northern Bogotá, Colombia, is a premium retail center established in 1995 with a gross leasable area of 25,000 square meters across three levels and approximately 100 stores. It holds a solid market position in a densely populated area, serving middle to upper-middle class residents. The tenant mix is high-quality, featuring anchor tenants like local supermarkets, clothing stores, and Homecenter, complemented by international brands, which supports diverse retail categories including fashion, home goods, and dining.
Annual footfall reaches 4.5 million visitors, averaging 208,333 monthly, with 40% for shopping, 35% for dining, and 25% for home decor; average dwell time is 60 minutes, indicating moderate engagement.
Accessibility is a strength, with direct access, high infrastructure, and 800 parking spaces, facilitating ease of reach via public transport and roads in the northern suburbs. Surrounding demographics include a 1.5 million population, average age of 32, household size of 3.1, monthly income of 2.5 million COP, but challenges like 10.5% unemployment and 28% home ownership rate may impact spending power.
Rent is 100,000 COP per month, with annual sales per square meter at 5 million COP, reflecting sustainable but not premium pricing.
Leasing advantages encompass 1,000 square meters of available space and a balanced mix that attracts families and young adults seeking trendy fashion and amenities. However, drawbacks include high competition density of 3 malls per square kilometer, 10% tenant mix risk, 25% e-commerce penetration eroding physical sales, and operational issues like 15 safety incidents per 1,000 visitors. Medium growth potential at 5% annually is tempered by market saturation in northern Bogotá and aging infrastructure relative to newer developments.
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Hours of Operation
Hours
| Monday | 08:00 AM — 09:00 PM |
| Tuesday | 08:00 AM — 09:00 PM |
| Wednesday | 08:00 AM — 09:00 PM |
| Thursday | 08:00 AM — 09:00 PM |
| Friday | 08:00 AM — 09:00 PM |
| Saturday | 08:00 AM — 09:00 PM |
| Sunday | 08:00 AM — 09:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Consumer Profile
The catchment area for CC Suba encompasses 1.5 million residents in northern Bogotá, with an average age of 32 years, household size of 3.1 persons, and average monthly income of 2.5 million COP. Population growth is steady at 1.2% annually, but economic vulnerabilities include a 10.5% unemployment rate and low 28% home ownership, potentially constraining discretionary spending on apparel (250 USD/year) and dining (200 USD/year). Visitor profiles highlight young adults desiring affordable, trendy fashion and sustainable brands, while families seek child-friendly zones and diverse international cuisine, influencing tenant mix needs for enhanced engagement and repeat visits.
Competition and Market Saturation
CC Suba operates in a competitive northern Bogotá market with a density of 3 malls per square kilometer, including nearby centers like BIMA, leading to overlap in middle-class demographics and categories like fashion and home goods. E-commerce accounts for 10% of retail sales with 25% online penetration and 70% mobile usage, pressuring physical footfall and requiring digital integration. While 5% annual growth potential exists, saturation risks weaker categories and necessitates differentiation through events and marketing to maintain 4.5 million annual visitors amid broader retail shifts in Colombia.
Lease Terms and Operational Quality
Leasing at CC Suba offers 1,000 square meters available in a 25,000 square meter GLA property, with rents at 100,000 COP per month and sales performance of 5 million COP per square meter annually, providing balanced returns for mid-tier retailers. High accessibility via direct roads and 800 parking spaces supports logistics, but medium leasing activity and 10% tenant mix risk highlight vacancies in underperforming areas. Operational challenges include 15 safety incidents per 1,000 visitors despite CCTV and guards, and aging 1995 infrastructure may require investments; strengths lie in high tenant diversity and weekly events boosting dwell time to 60 minutes.
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Bogotá
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