Brand Fit Snapshot
Best for:
Not ideal if:
Similar properties you might like:
Quick assessment - takes 30 seconds
City Plaza Limón serves as a key retail destination in Limón, Costa Rica's primary Caribbean port city with a population of approximately 63,000 residents. Opened in the early 2000s, the mall spans about 15,000 square meters across one level, featuring around 40 tenants focused on everyday essentials and local preferences. The tenant mix includes a central supermarket (Pali or similar), fast-food outlets like Burger King and local sodas offering Caribbean-inspired cuisine, apparel stores with affordable brands, electronics shops, and services such as pharmacies and banks.
Market position reflects Limón's role as a regional hub for the province's 350,000 inhabitants, bolstered by cruise ship tourism averaging 200,000 visitors annually, though footfall peaks seasonally at 5,000-7,000 daily visitors during high season.
Occupancy rates hover at 85-90%, supported by stable local demand despite economic challenges in the banana and port sectors.
Rent levels range from $12-18 per square meter monthly, competitive for secondary markets compared to San José's $25-40.
Accessibility is strong via Route 32, with ample parking for 300 vehicles, but public transport options are limited.
Leasing advantages include flexible terms for small-format retailers (50-200 sqm spaces) and proximity to the port for logistics. However, drawbacks encompass moderate footfall outside tourist periods, competition from informal markets, and infrastructure vulnerabilities from tropical weather.
Demographic profile: middle-to-low income ($500-800 monthly household), diverse ethnic mix (Afro-Caribbean, indigenous, mestizo), with 40% under 25 years old driving youth-oriented retail.
Operational quality is adequate, with air-conditioned common areas and basic maintenance, though aging elements like flooring show wear. Risks involve regional unemployment at 12% and occasional flooding impacting access.
Interested in this property?
Choose how you'd like to proceed
Advertise at this property?
Reach high-intent shoppers across digital screens, atria, and experiential placements.
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
Limón's population of 63,000 features a young, diverse demographic with 40% under 25, influenced by Afro-Caribbean heritage and port worker families, average household income $600 monthly. Footfall averages 4,000 daily, surging to 8,000 during cruise seasons (December-April), driven by tourism and local shopping needs, but dips in rainy season affect consistency. This supports retailers targeting budget-conscious consumers in essentials and casual dining, though limited high-end spending potential constrains luxury categories.
Competition and Market Saturation
Primary competition includes Plaza Moín (nearby with cinemas and more entertainment) and informal street markets offering lower prices, leading to saturation in groceries and apparel. Larger malls in San José draw premium brands, but City Plaza Limón holds 60% local market share for convenience retail. Risks from economic slowdowns in agriculture (20% of GDP) and port disruptions; opportunities in underserved categories like health and beauty amid 15% annual growth in provincial retail sales per ICEX reports.
Lease Terms and Operational Risks
Leases typically 3-5 years with escalation clauses at 5-7% annually, minimum rents $12/sqm plus 8-10% turnover percentage, favoring anchor tenants. Advantages for lessees include build-out allowances up to $50/sqm and marketing support. Challenges: aging infrastructure (built 2005) risks maintenance costs, access issues from traffic congestion on Route 32, and security concerns in urban Limón (crime index 55/100). Overall, suitable for resilient operators in value retail, with ROI potential of 8-12% based on regional benchmarks.
Building Details
Detailed Market Analytics
City Snapshot
Limón
Comprehensive market intelligence for retail expansion in this city
Other Retail Destinations in Limón
Discover more shopping centers in Limón.
Popular in Costa Rica
Top retail destinations across Costa Rica.
Interested in this property?
Choose how you'd like to proceed
Advertise at this property?
Reach high-intent shoppers across digital screens, atria, and experiential placements.
City Snapshot
Limón
Comprehensive market intelligence for retail expansion in this city
