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City Place Curridabat is an upscale mixed-use development in the Curridabat district of San José, Costa Rica, combining retail, office, and residential spaces. Opened in recent years, it spans approximately 50,000 square meters of gross leasable area, positioning itself as a modern hub in one of San José's affluent eastern suburbs. The property benefits from strong accessibility via the General Cañas Highway and local roads, drawing from a growing population of over 70,000 residents in Curridabat, characterized by middle to upper-middle class families, professionals, and expatriates.
Tenant mix includes anchor stores like international fashion brands (e.g., Zara, H&M equivalents), a major supermarket, electronics outlets, and a variety of dining options from fast-casual to upscale restaurants, complemented by entertainment facilities such as a multi-screen cinema.
Market position is competitive within the San José metropolitan retail landscape, where occupancy rates average 92% according to Colliers International reports, supported by Costa Rica's stable economy and tourism recovery post-2020.
Leasing advantages include flexible space configurations from 100 to 5,000 square meters, competitive base rents around $25-35 per square meter monthly, and incentives like rent-free periods for qualifying tenants. However, challenges include seasonal footfall variations, with peaks during holidays and weekends reaching 15,000 daily visitors, but lower mid-week traffic. The area features low vacancy but faces competition from nearby Multiplaza Escazú and Momentum Pinares, emphasizing the need for differentiated retail concepts.
Overall, it offers solid potential for retailers targeting urban professionals, though infrastructure upgrades in surrounding roads could enhance long-term performance.
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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 Accessibility
Curridabat's demographic profile includes a population of about 77,000, with a median household income of $2,500 monthly, higher than the national average, attracting middle-upper class shoppers aged 25-55, including families and young professionals. Accessibility is strong via Route 32 and public transport, with parking for 1,500 vehicles. Footfall estimates at 8,000-12,000 daily, per local market analyses, supported by proximity to residential enclaves and offices, though traffic congestion during peak hours poses minor access risks.
Tenant Mix and Competition
The tenant mix balances lifestyle retail with 60% fashion and accessories, 20% food and beverage, 15% services, and 5% entertainment, anchored by regional chains and international brands. Occupancy stands at 94%, reflecting robust demand in San José's retail sector valued at $1.2 billion annually. Competition from established centers like Multiplaza Curridabat (2 km away) and Plaza del Sol requires unique positioning, such as experiential retail, to capture market share amid 5-7% annual growth in consumer spending.
Lease Terms and Operational Risks
Base rents range from $28-40 per square meter, with triple-net structures common, plus 10-15% annual escalations tied to CPI. Leasing advantages include 3-6 month fit-out periods and marketing support, but risks involve market saturation in apparel categories and potential economic volatility from tourism fluctuations. Aging infrastructure in adjacent areas may impact logistics, while high operational quality with modern HVAC and security enhances appeal for premium tenants.
Building Details
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City Snapshot
San José
Comprehensive market intelligence for retail expansion in this city
