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Centro Comercial Atlantis Plaza is located in the upscale Chapinero neighborhood of Bogotá, Colombia, specifically within the vibrant Zona Rosa district at Calle 81 #13-05. Constructed starting in 1999 and opened in 2000, the mall features 32,715 square meters of built area, positioning it as a mid-sized retail destination in a city with over 20 major shopping centers. Ownership is associated with entities like PEI, which reported 100% occupancy in 2024 sustainability reports, reflecting strong leasing demand amid Bogotá's retail market growth of 4-6% annually in recent years.
The tenant mix comprises approximately 80 stores across categories including fashion (e.g., international brands like Zara, local designers), accessories, electronics, and lifestyle outlets, alongside a robust food and beverage segment with over 20 eateries ranging from fast-casual to fine dining options such as CUERDO. Entertainment is anchored by a multi-screen cinema, contributing to dwell time.
Accessibility is favorable with proximity to TransMilenio stations, major avenues, and nearby hotels, drawing footfall estimated at 1.5-2 million visitors yearly based on similar properties in the area. Demographically, it targets affluent young professionals (ages 25-44), high-income households (average >10 million COP monthly), expatriates, and tourists, supported by the district's economic vibrancy.
Leasing advantages include competitive rents averaging 150,000-200,000 COP per square meter monthly, high visibility in a high-traffic zone, and management initiatives like events and renovations (last major update in 2019) to enhance appeal. However, the market faces saturation in premium retail, with potential risks from economic volatility in Colombia and competition from larger venues like Unicentro (GLA 140,000 m²).
Operational quality is generally modern but reviews highlight occasional security concerns and a perception of limited store variety compared to mega-malls, which could affect tenant performance in weaker categories like non-essential goods.
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Hours of Operation
Hours
| Monday | 10:30 AM — 08:00 PM |
| Tuesday | 10:30 AM — 08:00 PM |
| Wednesday | 10:30 AM — 08:00 PM |
| Thursday | 10:30 AM — 09:00 PM |
| Friday | 10:30 AM — 09:00 PM |
| Saturday | 10:30 AM — 09:00 PM |
| Sunday | 12:00 PM — 07:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Target Market
Zona Rosas demographics feature a young, affluent population with over 60% aged 25-44, household incomes exceeding 10 million COP monthly, and a blend of local professionals, expatriates, and tourists drawn to the areas nightlife and business hubs. This supports strong sales in fashion and dining, with average spend per visitor around 200,000 COP, but requires tenants to cater to trendy, upscale preferences; saturation in luxury segments may challenge niche brands seeking differentiation.
Competition and Market Factors
Atlantis Plaza competes with nearby powerhouses like Centro Andino and El Retiro, which boast higher occupancy anchors and footfall exceeding 3 million annually, leading to potential spillover but also direct rivalry for premium tenants. Bogotás retail market shows 95% overall occupancy, yet Zona Rosa saturation in fashion (40% of space) pressures rents; external factors like inflation (7-9% in 2024) and urban traffic congestion could reduce accessibility, impacting performance for non-destination retailers.
Lease Terms and Operational Quality
With 100% occupancy per 2024 reports, leasing is competitive at 150,000-250,000 COP per m² monthly including CAM fees, offering flexible terms for mid-tier spaces (50-200 m²). Infrastructure, aged 25 years, benefits from 2019 renovations but faces risks of maintenance issues; operational strengths include 24/7 security and event programming boosting footfall by 20% during peaks, though visitor feedback notes inconsistent service and pet policy enforcement, potentially elevating risks for family-oriented tenants.
Building Details
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Bogotá
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City Snapshot
Bogotá
Comprehensive market intelligence for retail expansion in this city
