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Centro Comercial Tela is a neighborhood shopping center in Tela, Atlántida department, Honduras, a coastal town with approximately 40,000 urban residents and over 110,000 in the municipality. Established in 2020, it offers 6,000 square meters of gross leasable area and 100 parking spaces, catering to local and tourist needs in a market characterized by moderate growth and tourism influence. Anchor tenants Supermercado La Colonia and Paiz dominate the mix, focusing on groceries and essentials, which account for significant traffic.
Average monthly footfall reaches 16,666 visitors, with 40% for shopping, 35% for dining, and 25% for home decor, reflecting practical usage patterns. Tela's demographics feature a young population, 29.6% under 15 and 64.4% aged 15-64, alongside seasonal tourists drawn to beaches, supporting demand for family and trendy retail.
Rent levels average 5 USD per square meter monthly, making it accessible for small retailers amid Honduras' developing economy. The mall holds a solid local position with limited direct competition, benefiting from modern infrastructure and highway access via CA-13.
Leasing advantages include stable anchor-driven traffic and expansion potential in underrepresented categories like fashion and diverse dining. However, drawbacks encompass underdeveloped tenant diversity, reliance on seasonal tourism, and regional challenges such as economic poverty affecting 60% of the population, potentially limiting spending.
Operational quality appears adequate for a new property, but enhancements in amenities like children's areas could improve dwell time and performance metrics.
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Hours of Operation
Hours
| Monday | 10:00 AM — 09:00 PM |
| Tuesday | 10:00 AM — 09:00 PM |
| Wednesday | 10:00 AM — 09:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Footfall
Tela's urban population of 40,000, with 64.4% in working ages and 29.6% youth, drives consistent demand for everyday retail and family products. Monthly footfall of 16,666 supports moderate activity, bolstered by anchors and tourism peaks, yet off-season dips pose variability. This profile suits retailers in groceries, apparel, and leisure, but requires strategies to engage tourists and locals amid a 1.6% annual growth rate, ensuring balanced performance without over-reliance on high seasons.
Tenant Mix and Occupancy
The tenant mix centers on supermarket anchors like La Colonia and Paiz, emphasizing essentials but lacking breadth in fashion, international dining, and entertainment. Occupancy data is unavailable, though recent construction suggests strong rates near anchors. Opportunities for trendy streetwear and family zones address consumer needs, potentially increasing conversion. Weaknesses include category imbalances risking low dwell time; diversification could mitigate saturation in groceries while enhancing overall appeal for medium-sized leases.
Market Position and Risks
In Honduras' retail sector, with growing marketplace traffic, Centro Comercial Tela benefits from low local competition and affordable 5 USD/sqm rents, plus good accessibility via major highways. Strengths encompass modern 2020 build and tourist proximity, aiding sales per square meter. Risks involve economic factors like 60% poverty impacting disposable income, infrastructure limitations in the region, and tourism seasonality affecting occupancy. Balanced leasing to include diverse categories is essential to counter potential market saturation and sustain long-term viability.
Building Details
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City Snapshot
Tela
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Popular in Honduras
Top retail destinations across Honduras.
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City Snapshot
Tela
Comprehensive market intelligence for retail expansion in this city