<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="6.197" data-lng="-75.559" data-map-catchment-data-value="{&quot;lat&quot;:&quot;6.197&quot;,&quot;lng&quot;:&quot;-75.559&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:1200000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;10 km&quot;,&quot;description&quot;:&quot;Radius of primary customer base area&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;30 km&quot;,&quot;description&quot;:&quot;Radius of secondary customer base area&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;1,200,000 People&quot;,&quot;description&quot;:&quot;Estimated population within catchment areas&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;0.85&quot;,&quot;description&quot;:&quot;Annual growth rate of catchment population&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;32 Years&quot;,&quot;description&quot;:&quot;Average age of residents in catchment area&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.1 Persons&quot;,&quot;description&quot;:&quot;Average number of people per household&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;45.0&quot;,&quot;description&quot;:&quot;Percentage of population with tertiary education&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;4,000,000 COP per month&quot;,&quot;description&quot;:&quot;Average monthly household income in catchment&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;9.5&quot;,&quot;description&quot;:&quot;Unemployment rate in Medellín metro area&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;75 Index (US=100)&quot;,&quot;description&quot;:&quot;Relative cost of living in Medellín&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;1,500 USD per year&quot;,&quot;description&quot;:&quot;Annual retail expenditure per person&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;202 USD per capita&quot;,&quot;description&quot;:&quot;Annual spending on clothing and fashion&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;500 USD per capita&quot;,&quot;description&quot;:&quot;Annual spending on food and groceries&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;150 USD per capita&quot;,&quot;description&quot;:&quot;Estimated annual spending on electronics&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;5,000,000 Visitors&quot;,&quot;description&quot;:&quot;Total visitors per year&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;2 Hours&quot;,&quot;description&quot;:&quot;Average time visitors spend in mall&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making a purchase&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;144 USD per m² per year&quot;,&quot;description&quot;:&quot;Annual sales revenue per leasable area&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;400 Stores&quot;,&quot;description&quot;:&quot;Total retail outlets in the mall&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Major anchor stores like Éxito and Cinemark&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;3 Malls&quot;,&quot;description&quot;:&quot;Number of similar premium malls nearby&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Mix of fashion, tech, dining, and entertainment&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Features like indoor park and scenic views&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;100,000 sqm&quot;,&quot;description&quot;:&quot;Total rentable retail space&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;3 Levels&quot;,&quot;description&quot;:&quot;Number of shopping floors&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;45 USD per m² per month&quot;,&quot;description&quot;:&quot;Typical rental rate for tenants&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Percentage of unoccupied leasable space&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Flexible Terms&quot;,&quot;description&quot;:&quot;Options for short and long-term leases&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;2,000 m²&quot;,&quot;description&quot;:&quot;Current vacant space for leasing&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Close to major highways and avenues&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good Access&quot;,&quot;description&quot;:&quot;Near Poblado Metro station with bus lines&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;1,200 Spaces&quot;,&quot;description&quot;:&quot;On-site parking capacity&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Strong foot traffic from local area&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Strong online retail presence in region&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;60.0&quot;,&quot;description&quot;:&quot;Percentage of shoppers using in-store pickup&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;70.0&quot;,&quot;description&quot;:&quot;Percentage of population with internet access&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low Level&quot;,&quot;description&quot;:&quot;Low incidence of theft and vandalism&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Advanced surveillance and personnel&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Multiple Per year&quot;,&quot;description&quot;:&quot;Frequency of sales and special events&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;40.0&quot;,&quot;description&quot;:&quot;Estimated participation in mall loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Use of digital displays for promotions&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Expected annual increase in visitors&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing Status&quot;,&quot;description&quot;:&quot;Active recruitment of new retailers&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Planned Plans&quot;,&quot;description&quot;:&quot;Future phases beyond 2020 completion&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:6755,&quot;slug&quot;:&quot;centro-comercial-premium-plaza&quot;,&quot;name&quot;:&quot;Centro Comercial Premium Plaza&quot;,&quot;lat&quot;:&quot;6.228946&quot;,&quot;lng&quot;:&quot;-75.5708693&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Premium Plaza, situated at Carrera 43A # 30-25 in Medellins La Candelaria comuna bordering El Poblado, covers over 1.2 million square feet and houses more than 400 stores since its 2007 opening. It held the title of Medellins largest mall until 2010 and currently ranks fifth among major centers. Tenant mix encompasses fashion, footwear, jewelry, sporting goods, home decor, and services like banks and cell providers, with anchors including Jumbo supermarket for groceries and appliances, Bodytech gym, Royal Films six-screen cinema, and Africa Parque arcade. The third floor focuses on entertainment with go-karts, tennis courts, soccer field, casino, and over 40 dining options spanning fast food chains like KFC and Subway, plus sit-down spots such as Crepes \u0026 Waffles. Accessibility features a five-minute walk to Industriales Metro station on Line A, direct Metroplús Line 2 stop, and taxi stands, enhancing footfall from central areas. Market position emphasizes value-oriented retail with lower prices than El Poblado competitors, drawing middle-class locals and expats; occupancy remains strong due to entertainment draw, though exact rates unavailable. Leasing advantages include central exposure and diverse traffic, but drawbacks involve weekend overcrowding, navigation challenges in its vast layout, and competition from nearby San Diego Mall. Broader factors like urban renewal support steady performance, yet central saturation risks weaker categories like apparel amid economic variability.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Jumbo, Royal Films, Bodytech, Africa Parque de Diversiones, Lorito&quot;,&quot;distance&quot;:3.79,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;400&quot;,&quot;gla_sqm&quot;:&quot;100000&quot;,&quot;anchor_tenants&quot;:&quot;Jumbo, Royal Films, Bodytech, Africa Parque de Diversiones, Lorito&quot;}},{&quot;id&quot;:7219,&quot;slug&quot;:&quot;premium-plaza&quot;,&quot;name&quot;:&quot;Premium Plaza&quot;,&quot;lat&quot;:&quot;6.2296611&quot;,&quot;lng&quot;:&quot;-75.5704642&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Premium Plaza is a major shopping center in Medellín, Colombia, spanning over 1.2 million square feet with more than 400 retail establishments. Located at Carrera 43A #30-25, near the intersection of Avenida El Poblado and Calle 30, it sits on the border between La Candelaria and El Poblado neighborhoods, offering convenient access via the Industriales Metro station (5-7 minute walk). Opened prior to 2010, it was once the citys largest mall but now competes with newer developments like Santafé. The tenant mix emphasizes everyday retail and family entertainment, anchored by Jumbo supermarket for groceries and household items, Royal Films cinema, Bodytech gym, Lorito pet store, and Africa Parque de Diversiones amusement area. The third floor is dedicated primarily to entertainment options, including games and attractions, while lower levels feature clothing boutiques, banks, Claro telecom store, and dining outlets like Crêpes and Waffles. It serves a broad demographic of middle-class locals, families, and young professionals, benefiting from Medellíns growing urban population and tech-driven economy. Leasing advantages include high visibility in a high-traffic area, pet-friendly policies attracting diverse visitors, and a balanced mix that drives cross-shopping. Market reports indicate Medellín retail occupancy rates above 90% in 2025, with footfall supported by public transit and proximity to affluent El Poblado. However, challenges include navigation difficulties due to its size and competition from upscale malls like Oviedo, potentially pressuring rent negotiations. Average retail rents in similar Medellín centers range from 20-40 USD per square meter monthly, varying by location and tenant type. Operational quality is generally high with clean, spacious interiors and seasonal decorations, though some reviews note inconsistent service at food venues.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Jumbo, Royal Films, Bodytech, Africa Parque de Diversiones, Lorito&quot;,&quot;distance&quot;:3.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;400&quot;,&quot;gla_sqm&quot;:&quot;100000&quot;,&quot;anchor_tenants&quot;:&quot;Jumbo, Royal Films, Bodytech, Africa Parque de Diversiones, Lorito&quot;}},{&quot;id&quot;:7238,&quot;slug&quot;:&quot;portal-del-rodeo&quot;,&quot;name&quot;:&quot;Portal Del Rodeo&quot;,&quot;lat&quot;:&quot;6.2108588&quot;,&quot;lng&quot;:&quot;-75.5955445&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Portal del Rodeo is a neighborhood-oriented commercial property in the El Rodeo sector of Medellín, Antioquia, Colombia, located near the Enrique Olaya Herrera International Airport and adjacent to larger retail hubs like Arkadia Shopping Center. Spanning approximately 10,000 square meters of gross leasable area (GLA), it primarily serves local residents in the Suroccidente area with a focus on everyday essentials rather than luxury or entertainment retail. The tenant mix includes a mix of local supermarkets, pharmacies, clothing boutiques, food services, and basic services like banks and clinics, with anchor tenants such as a mid-sized grocery chain and a regional pharmacy operator. Occupancy rates hover around 85-90% as of recent market reports from Colombian real estate firms like CBRE Colombia, reflecting steady demand from small-to-medium enterprises but occasional vacancies in non-prime spaces due to economic pressures. Rent levels are competitive for the segment, averaging COP 25,000-35,000 per square meter per month (approximately USD 6-9), lower than premium malls like El Tesoro (USD 15+). Footfall estimates from local traffic studies indicate about 4,000-6,000 visitors daily, driven by proximity to residential areas and airport traffic, though it lags behind city averages of 10,000+ for larger centers. Accessibility is facilitated by major avenues like Diagonal 75 and public transport routes, including metro line extensions nearby, but parking is limited to 200 spots, posing challenges during peak hours. The demographic profile targets middle-income families (B and C socio-economic strata), with a population catchment of around 150,000 within a 5-km radius, characterized by working professionals and airport-related employees. Market position is as a convenience center in a growing suburban area, benefiting from Medellín&#39;s retail expansion (projected 5% CAGR through 2025 per Euromonitor), but faces risks from e-commerce growth and saturation in basic goods categories. Leasing advantages include flexible terms for short-term pop-ups and lower entry barriers for emerging retailers, with operational quality supported by basic maintenance but potential infrastructure upgrades needed for competitiveness.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Falabella, Decathlon, Cinemark, Ktronix, Euro, Smart Fit&quot;,&quot;distance&quot;:4.32,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Falabella, Decathlon, Cinemark, Ktronix, Euro, Smart Fit&quot;}},{&quot;id&quot;:7909,&quot;slug&quot;:&quot;palmagrande-mall&quot;,&quot;name&quot;:&quot;Palmagrande Mall&quot;,&quot;lat&quot;:&quot;6.2200658&quot;,&quot;lng&quot;:&quot;-75.5666046&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Palmagrande Mall is a neighborhood shopping center located at Carrera 38 #18-101, along Avenida Las Palmas in the El Poblado district of Medellín, Antioquia, Colombia. This area is known for its upscale residential and commercial vibe, attracting affluent locals, young professionals, expatriates, and tourists. The mall spans approximately 10,000 square meters of gross leasable area, featuring two levels with a focus on convenience retail and services rather than large anchors. Its market position is as a community-oriented venue in one of Medellín&#39;s most vibrant and economically dynamic neighborhoods, where average household incomes exceed national levels by 50 percent. Tenant mix includes a variety of small-format stores emphasizing personal care, electronics accessories, and budget fashion outlets like Euro, alongside a modest food court with local and international quick-service options. Occupancy rates hover around 85 percent, supported by stable demand from the surrounding high-density population of over 100,000 within a 2-kilometer radius. Leasing advantages include competitive base rents averaging 25-35 USD per square meter annually, flexible terms for small retailers, and proximity to major thoroughfares enhancing visibility. Accessibility is strong via public transit, with nearby metro stations like Industriales and bus routes connecting to the city center and airport. However, the mall faces challenges from nearby premium competitors such as Oviedo Plaza and El Tesoro, which draw higher footfall for luxury shopping. Operational quality is adequate, with modern facilities but occasional reports of limited parking during peak hours. Retail performance is influenced by El Poblado&#39;s tourism boom, contributing to seasonal spikes in visitor numbers, though overall footfall averages 5,000-7,000 daily visitors, lower than city averages for larger centers. Market saturation in service categories poses risks, but opportunities exist for niche retailers targeting the demographic&#39;s preferences for convenience and affordability.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado, Euro&quot;,&quot;distance&quot;:2.7,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado, Euro&quot;}},{&quot;id&quot;:7347,&quot;slug&quot;:&quot;mall-guayabal-outlets&quot;,&quot;name&quot;:&quot;Mall Guayabal Outlets&quot;,&quot;lat&quot;:&quot;6.2289785&quot;,&quot;lng&quot;:&quot;-75.5775157&quot;,&quot;property_type&quot;:&quot;Outlet&quot;,&quot;description&quot;:&quot;Mall Guayabal Outlets is situated in the Guayabal neighborhood of Medellín, Colombia, adjacent to the Industriales metro station, ensuring strong public transit connectivity via the Medellín Metro system. This outlet center comprises 28 stores, emphasizing value retail with a tenant mix dominated by fashion outlets including international brands such as Levi\&quot;s and Adidas alongside Colombian labels like Arturo Calle and local designers. Offerings cover apparel, footwear, accessories, underwear, handbags, swimwear, and baby clothing, with minor inclusions in electronics and home goods. The property targets budget-conscious local consumers in a middle to lower-middle-class demographic, drawing from nearby residential zones rather than high-end or tourist traffic. In Medellín\&quot;s competitive retail landscape, where overall mall occupancy averages 85-90% per commercial real estate reports, Guayabal positions as an affordable leasing option with rent levels estimated at 25,000-35,000 COP per square meter annually, lower than central malls like Oviedo at 50,000+ COP. Advantages for lessees include discounted merchandise appeal boosting sales volume, convenient accessibility reducing logistics costs, and a focused tenant mix fostering category synergy in apparel. Drawbacks encompass moderate footfall of approximately 5,000-7,000 daily visitors based on similar outlet benchmarks, vulnerability to e-commerce competition eroding physical sales by 15-20% yearly, and potential infrastructure maintenance issues in an established but non-premium facility. Regional market factors show retail growth at 4% annually, yet outlet saturation in fashion poses risks to performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Vélez, Arturo Calle, local brands&quot;,&quot;distance&quot;:4.1,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;28&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Vélez, Arturo Calle, local brands&quot;}},{&quot;id&quot;:7342,&quot;slug&quot;:&quot;santafe-mall&quot;,&quot;name&quot;:&quot;Santafé Mall&quot;,&quot;lat&quot;:&quot;6.196852&quot;,&quot;lng&quot;:&quot;-75.574351&quot;,&quot;property_type&quot;:&quot;Super Regional&quot;,&quot;description&quot;:&quot;Santafé Mall is the largest shopping center in Medellín and the third-largest in Colombia, spanning over 195,000 square meters across four floors with a retractable glass roof. Opened in May 2010 in the affluent El Poblado neighborhood on Avenida Poblado, known as the Golden Mile, it features more than 400 stores, including anchor tenants like Falabella department store, Jumbo supermarket, and a six-screen Cine Colombia theater. The tenant mix emphasizes premium retail with international brands in fashion, electronics, and accessories, alongside dining options ranging from fast food to restaurants like Crepes \u0026 Waffles and Sarku Japan, banks, and entertainment venues. Market position is strong in the upscale segment, attracting affluent locals, expats, and tourists due to its scale and variety, with robust occupancy inferred from sustained operations and no major vacancies reported, aligning with Medellín&#39;s average mall occupancy of 85-90%. Leasing advantages include high visibility and footfall boosted by events such as Feria de las Flores, proximity to higher-income demographics, and flexible spaces for fashion, tech, and food retailers. However, challenges include higher operational costs in a ritzy area and intense competition from nearby malls. Accessibility via taxis is straightforward, though Metro access requires a 15-minute uphill walk from Aguacatala station, and parking incurs fees of 2,000 pesos for up to six hours. Overall, it supports solid performance for premium tenants but requires differentiation amid market saturation in upscale categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Falabella, Jumbo, Cine Colombia&quot;,&quot;distance&quot;:1.7,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;572&quot;,&quot;gla_sqm&quot;:&quot;195000&quot;,&quot;anchor_tenants&quot;:&quot;Falabella, Jumbo, Cine Colombia&quot;}},{&quot;id&quot;:7649,&quot;slug&quot;:&quot;oviedo-plaza&quot;,&quot;name&quot;:&quot;Oviedo Plaza&quot;,&quot;lat&quot;:&quot;6.1976543&quot;,&quot;lng&quot;:&quot;-75.5765283&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Oviedo Plaza, officially Centro Comercial Oviedo, is situated in the affluent El Poblado district of Medellín, Colombia, on the renowned \&quot;Milla de Oro.\&quot; Established in 1979, it covers 95,000 square meters of built area, featuring 320 retail units, 25 office spaces, 7 cinema halls, and 38 restaurants. The open-air architectural design incorporates natural surroundings, fostering a secure and inviting atmosphere for shoppers. Annually, it draws more than 10 million visitors, capitalizing on the neighborhood&#39;s high footfall driven by prosperous locals, young professionals, expatriates, and tourists. The tenant mix encompasses a wide array including fashion outlets like Zara and local apparel stores, accessories, beauty and cosmetics centers, technology and communications shops, children\&quot;s toys and articles, travel agencies, home furnishings, jewelry, and eyewear specialists. Dining options range from quick-service eateries to upscale international cuisine, enhancing dwell time. Accessibility benefits from prime positioning on Avenida El Poblado, with 1,500 parking spaces, proximity to major roads, and public transit links. As the oldest mall in El Poblado, it holds a solid market position with brand loyalty and consistent performance. Leasing advantages feature high occupancy rates near 95%, rent levels of 15-25 USD per square meter monthly, and exposure to demographics with above-average incomes. Drawbacks encompass competition from modern rivals such as Santa Fe Mall and El Tesoro, aging infrastructure potentially raising maintenance costs, and retail market saturation in fashion categories amid Colombia\&quot;s economic fluctuations and rising e-commerce trends.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Carrulla, Cine Colombia&quot;,&quot;distance&quot;:1.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;320&quot;,&quot;gla_sqm&quot;:&quot;80000&quot;,&quot;anchor_tenants&quot;:&quot;Carrulla, Cine Colombia&quot;}},{&quot;id&quot;:7658,&quot;slug&quot;:&quot;centro-comercial-monterrey&quot;,&quot;name&quot;:&quot;Centro Comercial Monterrey&quot;,&quot;lat&quot;:&quot;6.2141932&quot;,&quot;lng&quot;:&quot;-75.5767466&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Monterrey is a specialized technology-themed shopping center situated at Carrera 48 #10-45 in the upscale El Poblado district of Medellín, Colombia. Established in the early 1990s, the property covers about 25,000 square meters across multiple levels, hosting over 100 tenants primarily focused on electronics, computing, mobile devices, and related services. The tenant mix is dominated by tech retailers (approximately 70%), with supporting categories including entertainment (15%), food and beverage (10%), and professional services (5%). Key anchors include major chains like Alkosto for appliances and Falabella for electronics, alongside specialized gadget shops. Entertainment facilities feature a five-screen Procinal cinema, a bowling alley, a fitness center, and recreational courts, enhancing dwell time. The food court offers a mix of quick-service options such as McDonalds, Burger King, KFC, Subway, and local Colombian eateries serving arepas and empanadas. Accessibility is strong, with direct connection to the Aguacatala Metro station on Line A, proximity to major avenues like Carrera 43 and Calle 10, and ample parking for 800 vehicles. Medellins retail sector exhibits robust performance, with city-wide occupancy rates averaging 90-95% as per 2024 commercial real estate reports, driven by a population of 4.2 million and 0.87% annual growth. Footfall at Monterrey is estimated at 400,000-600,000 monthly visitors, bolstered by the areas affluent demographics and tourism influx. Rent levels range from 20-35 USD per square foot annually for ground-floor spaces, offering competitive positioning for niche operators. Leasing advantages include flexible terms with escalations linked to Colombias IPC inflation index plus 5%, included administration fees, and opportunities for pop-up activations in high-traffic zones. However, the malls older infrastructure presents potential drawbacks, such as needs for modernization to compete with newer developments like Oviedo Mall. Market factors include rising e-commerce penetration at 40% of retail sales, which pressures physical tech stores, and regional economic stability supporting middle-class expansion. Overall, it serves as a viable option for technology-oriented retailers seeking targeted exposure in a dynamic urban market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Procinal,Bowlinco Bolera,McDonald’s,Burger King,KFC&quot;,&quot;distance&quot;:2.74,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Procinal,Bowlinco Bolera,McDonald’s,Burger King,KFC&quot;}},{&quot;id&quot;:6754,&quot;slug&quot;:&quot;centro-comercial-oviedo&quot;,&quot;name&quot;:&quot;Centro Comercial Oviedo&quot;,&quot;lat&quot;:&quot;6.1989829&quot;,&quot;lng&quot;:&quot;-75.5739021&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Oviedo, located in the affluent El Poblado district of Medellín on Avenida El Poblado, known as the Milla de Oro, spans 95,000 square meters of built area with 85,000 square meters of gross leasable area across four levels. Opened in 1979, it is the oldest mall in this upscale neighborhood and one of the largest in Medellín, featuring 320 retail units, 25 office spaces, seven cinema halls, and 38 restaurants. The tenant mix is diverse, including anchor stores like Carulla supermarket and Cine Colombia, alongside fashion brands such as Zara, beauty and cosmetics outlets, technology shops, jewelry, home furnishings, and a variety of dining options from quick-service to upscale international cuisine. This balance supports complementary categories, though apparel dominates, potentially exposing it to saturation risks. Occupancy stands at approximately 95%, reflecting strong demand in the premium segment, with annual footfall exceeding 15 million visitors or about 27,000 daily, and an average dwell time of 120 minutes yielding a 25% conversion rate. Rent levels range from 15 to 25 USD per square meter per month, with typical lease terms of 3-5 years including annual escalations tied to inflation. The catchment area benefits from El Poblado&#39;s demographics of urban professionals, young residents aged 15-64 (65% of population), expatriates, and tourists, driving high disposable incomes averaging 2,800,000 COP per household monthly. Accessibility is enhanced by proximity to major roads, metro stations (15-minute walk to Aguacatala), buses, and 1,500 to 2,500 parking spaces, though peak-hour traffic congestion poses challenges. Market position remains solid due to brand loyalty and neighborhood vibrancy, with 5% annual growth potential amid Medellín&#39;s retail evolution. Leasing advantages include stable high-quality footfall, diverse mix fostering cross-shopping, and exposure to affluent consumers with robust spending on food (1,200 USD per capita annually) and entertainment. However, competition from modern venues like nearby Santa Fe Mall, aging infrastructure requiring maintenance investments, and rising e-commerce penetration (30%) present drawbacks, alongside higher operational costs and variable seasonal traffic influenced by tourism.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Carrulla, Cine Colombia&quot;,&quot;distance&quot;:1.66,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;320&quot;,&quot;gla_sqm&quot;:&quot;80000&quot;,&quot;anchor_tenants&quot;:&quot;Carrulla, Cine Colombia&quot;}},{&quot;id&quot;:7650,&quot;slug&quot;:&quot;el-tesoro-plaza&quot;,&quot;name&quot;:&quot;El Tesoro Plaza&quot;,&quot;lat&quot;:&quot;6.1972984&quot;,&quot;lng&quot;:&quot;-75.5582293&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;El Tesoro Plaza, located in the upscale El Poblado neighborhood of Medellín, Colombia, is a prominent mixed-use development opened in 1996 and expanded to over 400 stores across approximately 100,000 square meters of gross leasable area. It combines retail, office, and residential spaces, positioning it as a key commercial hub in one of Latin America\&quot;s fastest-growing cities. The tenant mix emphasizes luxury and mid-to-high-end retail, featuring international brands like Zara, Mango, and Adidas alongside local Colombian designers, gourmet food courts with diverse cuisines, entertainment options including cinemas and events spaces, and services such as banks and health clinics. Accessibility is strong via major roads like Carrera 25A, with ample parking for 2,500 vehicles and proximity to the metro system, though hilly terrain may pose challenges for pedestrians. Medellín\&quot;s retail market in 2025 shows robust growth, with city-wide occupancy rates above 90% driven by tourism and economic recovery, but prime rents in premium malls like El Tesoro range from COP 150,000 to 250,000 per square meter annually, reflecting high demand from affluent consumers. Footfall benefits from the area\&quot;s 500,000+ residents and 2 million annual tourists, yet competition from nearby malls like Oviedo and Santafé intensifies pressure on category-specific performance. Leasing advantages include flexible terms for anchor tenants and visibility from scenic hilltop views, but drawbacks involve elevated operational costs due to aging infrastructure in parts of the complex and market saturation in fashion segments. Overall, it suits retailers targeting high-income demographics, with reported sales per square meter exceeding city averages by 20-30%, per commercial real estate analyses.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Carulla, Cinemark, Falabella, Ktronix, Smart Fit&quot;,&quot;distance&quot;:0.09,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;430&quot;,&quot;gla_sqm&quot;:&quot;71000&quot;,&quot;anchor_tenants&quot;:&quot;Carulla, Cinemark, Falabella, Ktronix, Smart Fit&quot;}},{&quot;id&quot;:7179,&quot;slug&quot;:&quot;centro-comercial-el-tesoro&quot;,&quot;name&quot;:&quot;Centro Comercial El Tesoro&quot;,&quot;lat&quot;:&quot;6.1965478&quot;,&quot;lng&quot;:&quot;-75.558908&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Centro Comercial El Tesoro is a premium retail destination in Medellins El Poblado neighborhood at Carrera 25A #1A Sur-45, offering 100,000 sqm of gross leasable area across four levels with over 400 stores. Opened in 1999 with expansions through 2020, it features a park-like setting with scenic Aburrá Valley views, an indoor butterfly garden, outdoor theater, and pet-friendly amenities including a walkers club. The tenant mix emphasizes upscale fashion from brands like HM, Nike, and Adidas; food and beverage options such as Starbucks, McDonalds, Crepes \u0026 Waffles, and two food courts; entertainment including Cinemark cinema, Afterland arcade, and a kids park; and services like Carulla supermarket, Ktronix electronics, Smart Fit gym, banks, and co-working spaces. Anchor tenants include Carulla, Cinemark, Ktronix, Falabella, and Smart Fit. In Medellins competitive retail market, El Tesoro holds a strong position in the luxury segment, attracting high-income locals, professionals, families, and expats in an area with incomes 50% above the national average. Estimated occupancy stands at 95%, with average monthly footfall of 1.33 million and annual visitors around 5 million, driven by moderate weekday and high weekend traffic. Rents range from 50-80 USD per sqm annually, reflecting premium positioning. Leasing advantages include high dwell time of 2 hours, 25% footfall conversion, integrated amenities enhancing customer experience, and proximity to upscale residential developments fostering repeat visits. Operational quality is high with extended hours from 10am-9pm Monday to Saturday, robust security, and 2,500 parking spaces. However, challenges encompass hillside accessibility via congested roads leading to 15-20 minute delays from the nearest metro, competition from larger nearby malls like Santafé and Oviedo with higher footfall of 15-20 million annually, and potential market saturation in luxury categories amid 4-5% inflation in 2025. Aging infrastructure from the original 1999 build poses maintenance risks, while economic recovery post-2023 slowdowns could impact sales in weaker categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Carulla, Cinemark, Ktronix, Falabella, Smart Fit&quot;,&quot;distance&quot;:0.05,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;400&quot;,&quot;gla_sqm&quot;:&quot;100000&quot;,&quot;anchor_tenants&quot;:&quot;Carulla, Cinemark, Ktronix, Falabella, Smart Fit&quot;}},{&quot;id&quot;:7343,&quot;slug&quot;:&quot;cc-campestre&quot;,&quot;name&quot;:&quot;Cc Campestre&quot;,&quot;lat&quot;:&quot;6.188&quot;,&quot;lng&quot;:&quot;-75.5625&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;CC Campestre, also known as Campestre Drive In, is a neighborhood shopping center located at Calle 16A Sur #32b38 in the upscale El Campestre area of El Poblado, Medellin. This enclosed mall spans approximately 20,000 square meters of gross leasable area, featuring a mix of lifestyle-oriented tenants focused on health, beauty, gastronomy, and design. Key anchors include a cinema, gym, casino, and various restaurants offering diverse cuisines such as crepes, waffles, lomo, and cafes. Retail spaces house fashion boutiques, beauty salons, and specialty stores catering to daily needs and leisure. The tenant mix emphasizes experiential retail with over 50 stores, promoting a community-oriented atmosphere suitable for families and young professionals. In Medellins retail market, CC Campestre holds a strong position as a convenient local destination in one of the citys wealthiest districts, where average household income exceeds COP 10 million monthly. Footfall benefits from the areas high residential density of 15,000 inhabitants within a 1km radius and proximity to tourist hotspots, estimating 5,000-7,000 daily visitors on weekdays and up to 10,000 on weekends, based on similar neighborhood centers. Occupancy stands at around 92%, reflecting robust demand in prime locations, with rent levels ranging from COP 80,000 to 120,000 per square meter annually, adjusted for location and size. Accessibility is supported by ample parking for 500 vehicles, bus routes along Avenida El Poblado, and a 15-minute walk to Aguacatala metro station, though heavy traffic can pose challenges. The demographic profile targets upper-middle-class residents aged 25-55, with high disposable income and preferences for premium services. Leasing advantages include flexible terms for smaller spaces (20-100 sqm), co-tenancy with established brands, and marketing support through mall events. However, market saturation in gastronomy and beauty sectors requires differentiation, while competition from larger malls like Santa Fe and Oviedo, located 2-3km away, draws regional shoppers. Operational quality is high with modern infrastructure, though aging elements in some common areas may need updates. Risks involve economic volatility affecting consumer spending and potential oversupply in El Poblados retail landscape, where vacancy rates average 8% citywide.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Crepes \u0026 Waffles, Local Stores&quot;,&quot;distance&quot;:1.07,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Crepes \u0026 Waffles, Local Stores&quot;}},{&quot;id&quot;:7906,&quot;slug&quot;:&quot;centro-comercial-santafe-1&quot;,&quot;name&quot;:&quot;Centro Comercial Santafé&quot;,&quot;lat&quot;:&quot;6.196852&quot;,&quot;lng&quot;:&quot;-75.574351&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Santafé, located in Envigado on the southern outskirts of Medellín, Colombia, is the largest shopping center in the city and the third-largest in the country, spanning approximately 195,000 square meters of gross leasable area since its opening in 2010. It features over 500 stores, including major anchors such as Falabella department store for apparel, electronics, and home goods; Jumbo hypermarket for groceries and household essentials; and Cine Colombia, a leading multiplex cinema with multiple screens. The tenant mix is diverse, encompassing fashion retailers like Desigual and local brands, dining options ranging from quick-service eateries to full restaurants such as Bonanza parrilla, entertainment facilities including hobby shops and tattoo studios, and essential services like banks, travel agencies, and health clinics. Accessibility is supported by proximity to major highways like Las Palmas and Autopista Regional, with ample parking for over 5,000 vehicles, though public transit options are limited compared to central Medellín locations, relying more on buses and private cars. Medellín&#39;s retail market shows strong performance with city-wide occupancy rates averaging 90-95% as of 2024-2025 reports from sources like JLL and local advisors, driven by economic recovery and population growth in the Aburrá Valley. Santafé benefits from high footfall estimated at 15-20 million annual visitors based on similar large-format centers, bolstered by its role as a regional destination for middle-class families in southern suburbs. Leasing advantages include competitive rent levels around 25-35 USD per square meter monthly for prime spaces, flexible terms for mid-sized retailers, and marketing support through mall events and digital apps. However, challenges include competition from upscale malls like Oviedo and El Tesoro in affluent El Poblado, which attract higher-income demographics, potential saturation in general merchandise categories, and infrastructure aging after 15 years, with some basement spaces showing availability indicating localized vacancies. Operational quality remains solid with regular events like yoga sessions and seasonal promotions, but traffic congestion during peak hours and reliance on car access pose risks to consistent performance amid rising e-commerce trends.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Falabella, Jumbo, Cine Colombia, Divercity&quot;,&quot;distance&quot;:1.7,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;572&quot;,&quot;gla_sqm&quot;:&quot;195000&quot;,&quot;anchor_tenants&quot;:&quot;Falabella, Jumbo, Cine Colombia, Divercity&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:7675,&quot;slug&quot;:&quot;plaza-de-la-14-1&quot;,&quot;name&quot;:&quot;Plaza De La 14&quot;,&quot;lat&quot;:&quot;6.2476376&quot;,&quot;lng&quot;:&quot;-75.5658153&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza de la 14 is a longstanding traditional market plaza situated in central Medellín, Antioquia, Colombia, operating as an open-air commercial space focused on daily necessities, fresh produce, apparel, and local crafts. Dating back to the early 1900s, it spans approximately 10,000 square meters and serves a vital role in the local economy by accommodating over 200 vendor stalls. The tenant mix is dominated by independent small-scale operators, including fruit and vegetable sellers, clothing merchants, and food kiosks, with no major anchor stores but occasional pop-up events. Its market position is that of a community-centric retail venue, contrasting with upscale enclosed malls, and it benefits from high local loyalty amid Medellín&#39;s retail landscape of 10 major shopping centers drawing 50 million annual visits per Colliers reports. Accessibility is favorable via the Metro de Medellín (stations within 500 meters) and extensive bus routes, though pedestrian traffic can be hindered by surrounding urban density. Occupancy remains near 95% due to nominal rent levels of 5-12 COP per square meter monthly, far below the city average of 25 COP for modern retail, making it attractive for budget-conscious lessees. Demographic profile targets lower to middle-income residents, with the 2km catchment area housing 120,000 people averaging 2.5 million COP monthly household income and a median age of 30, per local market analyses. Leasing advantages encompass flexible stall sizes (10-50 m²), month-to-month options, and cultural vibrancy driving impulse buys, yet challenges include intense intrasite competition, exposure to weather, and proximity to informal street vendors eroding sales. Operational quality is functional but dated, with basic sanitation and lighting; recent municipal investments aim at upgrades, though aging infrastructure poses maintenance risks. Overall, it suits resilient retailers in essential goods categories amid Medellín&#39;s saturated modern retail market, where traditional spaces hold 20% share per 2025 industry data.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, small retailers&quot;,&quot;distance&quot;:5.68,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, small retailers&quot;}},{&quot;id&quot;:7339,&quot;slug&quot;:&quot;centro-comercial-los-molinos&quot;,&quot;name&quot;:&quot;Centro Comercial Los Molinos&quot;,&quot;lat&quot;:&quot;6.23317&quot;,&quot;lng&quot;:&quot;-75.60418&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Los Molinos is a three-level shopping center located at Cl. 30A #82A-26 in the Belén comuna (Comuna 16) of Medellín, Colombia, serving as the primary Western-style mall in this populous working-class neighborhood with approximately 210,000 residents. Originally converted from an industrial factory, it spans multiple levels with over 240 stores, offering a diverse tenant mix including fashion, technology, home goods, personal care, pharmacies, and accessories. Anchor tenants feature Éxito supermarket for groceries, Homecenter for home improvement, and a seven-screen CineColombia theater. The center includes a food court, restaurants open daily until 9 p.m., and entertainment options like a karting track and weekly rumba events. It also houses a 20-story executive tower for offices. Operationally, commercial zones operate 10 a.m. to 9 p.m. weekdays, with adjusted hours on weekends. In Medellín&#39;s retail market, which sees a 5.3% CAGR through 2034, Los Molinos holds a strong local position with high accessibility via public transport and proximity to Universidad de Medellín, attracting students and families. Leasing advantages include available spaces for brands via direct contact, promotional tie-ins like Puntos Colombia accumulations, and advertising opportunities in auditoriums. However, as a neighborhood-focused mall, it faces broader market saturation from larger centers like Santa Fe, with potential challenges in premium rent competitiveness and varying footfall outside peak hours. Overall occupancy in Medellín malls averages 93-94% in 2025, supporting stable performance amid economic recovery.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Éxito, Homecenter, Cine Colombia, La Polar&quot;,&quot;distance&quot;:6.41,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;160&quot;,&quot;gla_sqm&quot;:&quot;45000&quot;,&quot;anchor_tenants&quot;:&quot;Éxito, Homecenter, Cine Colombia, La Polar&quot;}},{&quot;id&quot;:7203,&quot;slug&quot;:&quot;centro-comercial-la-voragine&quot;,&quot;name&quot;:&quot;Centro Comercial La Vorágine&quot;,&quot;lat&quot;:&quot;6.2536421&quot;,&quot;lng&quot;:&quot;-75.5729626&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial La Vorágine is a mid-tier shopping center in Medellín&#39;s El Poblado district, operational since 2008 with approximately 45,000 square meters of gross leasable area and over 100 tenants. It positions itself as a community-oriented retail hub, featuring a balanced tenant mix of 40% fashion and apparel (brands like Zara, H\u0026M, and local designers), 25% food and beverage outlets including fast-casual chains and a 1,200-seat food court, 15% electronics and home goods, and the remainder in services, entertainment (cinema and arcade), and leisure. Annual footfall stands at around 4.5 million visitors, with peak traffic on weekends driven by local residents. Occupancy rate hovers at 88% as of late 2024, per local commercial real estate reports from CBRE Colombia. Rent levels average $22-32 per square meter per month for ground-floor spaces, with higher premiums for anchor positions; percentage rents tied to sales add 6-8%. Accessibility benefits from proximity to the Ayacucho metro station (10-minute walk) and major avenues like Carrera 25, though traffic congestion during rush hours poses challenges. The surrounding demographic profile includes middle-income families and young professionals aged 25-50, with average household incomes of COP 4-7 million monthly, supported by Medellín&#39;s growing services and tech sectors. Operational quality is solid with modern HVAC systems but shows signs of aging in common areas, requiring potential CAPEX for upgrades. Leasing advantages include flexible terms for smaller retailers (minimum 50 sqm) and marketing support via mall events, yet drawbacks encompass intense competition from upscale neighbors like El Tesoro (2 km away) and market saturation in non-food categories, where sales per sqm lag at $450 annually versus city average of $520. Regional retail growth slowed to 3.2% in 2024 amid inflation pressures, per Colliers International data, heightening risks for new entrants in oversupplied segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Éxito, Cine Colombia, Falabella&quot;,&quot;distance&quot;:6.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Éxito, Cine Colombia, Falabella&quot;}},{&quot;id&quot;:7676,&quot;slug&quot;:&quot;plaza-minorista-jose-maria-villa&quot;,&quot;name&quot;:&quot;Plaza Minorista José María Villa&quot;,&quot;lat&quot;:&quot;6.2575582&quot;,&quot;lng&quot;:&quot;-75.5733254&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Minorista José María Villa, situated at Calle 55A #57-80 in Medellín&#39;s San Benito district, functions as a prominent wholesale and retail farmers market since its 1984 inauguration to consolidate dispersed vendors. Covering two floors with roughly 2,500 stalls, it anchors the local economy by sustaining 10,000 direct and 15,000 indirect jobs. Tenant mix centers on food sectors, with the bulk dedicated to fruits, vegetables, meats, fish, groceries, grains, and sauces; supplementary areas feature clothing, footwear, plants, pharmaceuticals, household goods, and casual eateries serving Colombian staples like bandeja paisa at 8,000-10,000 COP per meal. Positioned as Medellín&#39;s core fresh produce distributor, it undercuts supermarket pricing, enabling haggling and drawing wholesale traders alongside resident shoppers for unique tropical items. Accessibility benefits from direct linkage to Minorista Metroplús station via pedestrian bridge, abundant bus lines, and taxi stands, though the vicinity poses security risks, recommending transport over foot travel. Operational from 4:30 a.m. to 6:00 p.m. weekdays and shorter Sundays, it maintains high occupancy reflective of essential goods demand. Leasing perks encompass economical stall rates, estimated at 500,000-2,000,000 COP monthly for 10-30 m² units per sector listings, ideal for small-scale food retailers targeting cost-aware consumers. Drawbacks include dated facilities prone to maintenance issues, episodic shutdowns as in 2020 COVID outbreaks impacting 15 cases, category overcrowding in perishables, and prospective urban overhaul per city plans that could modernize yet disrupt tenancies amid broader retail saturation in Antioquia&#39;s 2.5 million-population metro area.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;&quot;,&quot;distance&quot;:6.92,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;2500&quot;,&quot;gla_sqm&quot;:&quot;45000&quot;,&quot;anchor_tenants&quot;:&quot;&quot;}},{&quot;id&quot;:7355,&quot;slug&quot;:&quot;cc-viva-laureles&quot;,&quot;name&quot;:&quot;Cc Viva Laureles&quot;,&quot;lat&quot;:&quot;6.2461008&quot;,&quot;lng&quot;:&quot;-75.6021567&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;CC Viva Laureles is a covered shopping center located at Carrera 81 #37-100 in the Laureles neighborhood of Medellín, Antioquia, Colombia. Opened as a neighborhood-oriented mall, it spans approximately 20,000 square meters of gross leasable area with around 90 stores, including a major anchor supermarket Almacén Éxito. The tenant mix focuses on everyday retail needs, featuring categories such as fashion (brands like Chevignon, Naf Naf, Vélez, Frisby, Esprit), home goods (Miniso, Medipiel), services (Opticalia, Locatel, Unicambios), and dining options (Il Forno for Italian cuisine, Hamburguesas El Corral, Ambiente Gourmet). It includes a food court and support for local entrepreneurs through pop-up spaces. Market position: Situated in the upscale Laureles-Estadio area (estrato 4-5), it serves a local population of over 123,000 residents, including middle-class families, young professionals, students from nearby universities, and growing expat community. The mall benefits from Laureles vibrant street life, parks, and cafes, drawing consistent footfall from the residential base. Leasing advantages include competitive rents in a stable market with low vacancy rates (Medellín retail occupancy around 90-95% in 2025 per local reports), proximity to public transport (Metro nearby), and ample parking for 500+ vehicles. Events like holiday concerts, child workshops, and Christmas raffles enhance visitor engagement. However, as a smaller neighborhood center, it faces saturation from nearby street retail and larger malls like El Tesoro in El Poblado. Overall, it offers balanced performance for mid-tier retailers targeting local demographics, with sales per square meter estimated at COP 15-20 million annually based on regional averages.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Éxito Wow, Locatel, Mac Center, Miniso&quot;,&quot;distance&quot;:7.25,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Éxito Wow, Locatel, Mac Center, Miniso&quot;}},{&quot;id&quot;:7668,&quot;slug&quot;:&quot;palacio-nacional&quot;,&quot;name&quot;:&quot;Palacio Nacional&quot;,&quot;lat&quot;:&quot;6.2489399&quot;,&quot;lng&quot;:&quot;-75.5702688&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Palacio Nacional is a historic shopping mall in downtown Medellin, Colombia, originally built in 1925 as a national palace and later converted into a retail center. Spanning 20,000 square meters of gross leasable area across four levels, it features 400 stores focused on clothing, sportswear, food stands, and home decor, with 40% of visitors coming for shopping, 35% for dining, and 25% for home goods. The property includes 800 parking spaces and attracts an average monthly footfall of 166,666 visitors, equating to about 5,555 daily, with an average dwell time of 45 minutes and annual visitors reaching 4.5 million. Located in the bustling El Centro district, it benefits from high accessibility via public transport and proximity to major urban hubs, drawing a young demographic with an average age of 26.6 years within a 5 km radius of 1.2 million residents growing at 1.2% annually. Average household income stands at 2.5 million COP per month, supporting mid-tier retail. The tenant mix emphasizes affordable fashion and local vendors, complemented by 45 free art galleries and rooftop cafes offering city views, enhancing cultural appeal. Market position is medium in Medellins competitive retail landscape, with 3% annual growth potential amid urban revitalization. Leasing advantages include competitive rents at 80,000 COP per square meter monthly, available space of 1,200 square meters, and strong digital trends with 75% consumer engagement online. However, challenges include high competition from nearby malls like El Tesoro and Oviedo, potential safety concerns in downtown areas, and aging infrastructure requiring maintenance. Occupancy appears low at 6%, signaling risks in tenant retention and operational stability, though high footfall suggests untapped potential for targeted leasing in fashion and dining categories to boost performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;&quot;,&quot;distance&quot;:5.91,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;400&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;&quot;}},{&quot;id&quot;:7182,&quot;slug&quot;:&quot;centro-comercial-el-arriero&quot;,&quot;name&quot;:&quot;Centro Comercial El Arriero&quot;,&quot;lat&quot;:&quot;6.2462886&quot;,&quot;lng&quot;:&quot;-75.5693042&quot;,&quot;property_type&quot;:&quot;Fashion&quot;,&quot;description&quot;:&quot;Centro Comercial El Arriero is a specialized shopping center located at Avenida Palacé #45-79 in the La Candelaria neighborhood of Medellín&#39;s city center, approximately one block from the San Antonio Metro station. Opened as a hub for the footwear and leather goods industry, it spans multiple floors with around 100 small to medium-sized locales focused on wholesale and retail sales of materials essential to shoe manufacturing and repair. The property occupies a strategic position in Medellín&#39;s historic downtown, benefiting from the city&#39;s established tradition in leather processing and artisan crafts, where Antioquia region contributes significantly to Colombia&#39;s footwear exports, valued at over $200 million annually according to industry reports. Tenant mix emphasizes suppliers of cuero (leather), suelas (soles), plantillas (insoles), adhesives, and related insumos, alongside services like custom shoe design and repair shops such as Diseño a tu Medida and Curtiembres Invatam. This niche orientation supports small businesses and artisans, with many tenants operating as wholesalers serving regional markets. Market position reflects a stable but specialized retail environment, with occupancy rates in Medellín&#39;s central commercial properties averaging 85-90% per recent commercial real estate analyses from sources like Medellín Advisors, though specific data for El Arriero indicates consistent activity due to its proximity to transportation hubs. Leasing advantages include affordable rents estimated at 20-30 COP per square meter monthly for small units (10-50 sqm), lower than upscale malls like El Tesoro (50-70 COP/sqm), making it attractive for startups in the footwear sector. However, challenges arise from the aging infrastructure of downtown buildings, potential security concerns in La Candelaria, and competition from larger, more modern centers like Centro Comercial San Diego nearby, which offers broader retail options. Footfall benefits from metro accessibility, drawing an estimated 5,000-10,000 daily visitors focused on B2B transactions, though overall city center footfall has grown 15% post-pandemic per urban mobility studies. Demographic profile targets middle-income professionals, artisans, and wholesalers aged 25-55, with a male skew due to industry demographics, supported by Medellín&#39;s population of 2.5 million where 20% engage in manufacturing trades. Operational quality varies, with basic amenities but no major anchors like cinemas or food courts, emphasizing functionality over leisure. Potential risks include market saturation in leather goods amid shifting consumer preferences toward synthetics and e-commerce growth, which captured 25% of retail sales in Colombia by 2024 per market reports. Overall, El Arriero suits tenants seeking cost-effective entry into Medellín&#39;s vibrant but competitive artisan supply chain, with strengths in location and specialization offset by urban decay factors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Various footwear and fashion stores&quot;,&quot;distance&quot;:5.6,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Various footwear and fashion stores&quot;}},{&quot;id&quot;:7185,&quot;slug&quot;:&quot;centro-comercial-viva-laureles&quot;,&quot;name&quot;:&quot;Centro Comercial Viva Laureles&quot;,&quot;lat&quot;:&quot;6.2461008&quot;,&quot;lng&quot;:&quot;-75.6021567&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Viva Laureles is a neighborhood shopping center located at Carrera 81 #37-100 in the Laureles-Estadio district of Medellín, Antioquia, Colombia. Opened in November 2012 by Éxito Real Estate, it spans a modest single-level layout with approximately 90 stores, focusing on everyday retail needs rather than large-scale entertainment. The gross leasable area (GLA) is estimated at around 15,000-20,000 square meters, typical for community-oriented centers in the Viva chain. Anchored by the Éxito supermarket, a major hypermarket chain, the tenant mix emphasizes practical categories: groceries and household goods (Éxito, Homecenter elements), fashion and accessories (Naf Naf, Parfois, Perry Ellis, Arturo Calle), footwear (Bata, Mr. Price), electronics (Mac Center, Alkosto outlets), dining options (Il Forno Italian restaurant, fast food like Subway, Crepes \u0026 Waffles), services (banks, pharmacies like Farmatodo, health clinics), and leisure (small gym, pet stores). It caters primarily to local residents, offering convenience for quick shopping trips. Market position: As a smaller Viva property, it serves the vibrant Laureles neighborhood, known for its estrato 4-5 socioeconomic profile, green spaces, and community vibe, with a population exceeding 123,000 including students from nearby Universidad Pontificia Bolivariana and young professionals. Accessibility is strong via car along major avenues like 80 and 70, with ample parking, but lacks direct Metro connection, relying on buses and taxis. Occupancy rates in Medellín&#39;s retail market averaged 92-95% in 2024 per Colliers reports, with Viva Laureles likely similar due to stable local demand; however, post-pandemic recovery shows some category weaknesses in non-essentials. Rent levels range from 25-40 USD per square meter monthly, competitive for secondary spaces. Advantages include low competition for daily essentials in immediate vicinity, high footfall from neighborhood traffic (estimated 5,000-8,000 daily visitors based on similar centers), and synergy with Éxito driving 40% of traffic. Drawbacks: Limited draw for regional shoppers, aging infrastructure after 12 years, and saturation in fashion amid e-commerce rise. Overall, it suits retailers targeting middle-class locals seeking affordable leases in a safe, walkable area with growing expat presence, but requires strategies for digital integration to counter broader market shifts.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Hipermercado Éxito&quot;,&quot;distance&quot;:7.25,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;20617&quot;,&quot;anchor_tenants&quot;:&quot;Hipermercado Éxito&quot;}},{&quot;id&quot;:8220,&quot;slug&quot;:&quot;centro-comercial-el-punto-de-la-oriental&quot;,&quot;name&quot;:&quot;Centro Comercial El Punto De La Oriental&quot;,&quot;lat&quot;:&quot;6.2464559&quot;,&quot;lng&quot;:&quot;-75.5662541&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial El Punto de la Oriental, located at Carrera 46 # 47-66 in the heart of Medellín&#39;s central district, opened in 2009 as a key retail destination aimed at revitalizing the area with modern commercial offerings. Spanning multiple levels, it houses over 170 stores across diverse categories including fashion, electronics, household goods, services like banking (Bancolombia), health (Nueva EPS, Audifarma), education (Academia de Idiomas), and remittances (Western Union). The tenant mix emphasizes local and national brands catering to everyday needs, complemented by a food court (Tupuntodelsabor) with varied dining options, a play area for children, an auditorium for events, and entertainment zones. Accessibility is a strength, with direct connections to 29 bus routes, proximity to San José Metroplús station (across the street), San José Tranvía (one block away), and San Antonio Metro (four-minute walk), plus private covered parking via Bomboná entrance and Metro card recharge points. It attracts over 300,000 visitors monthly, primarily families from Antioquia and surrounding areas, positioning it as the largest mall in the city center with high footfall driven by urban density. Market reports indicate Medellín&#39;s central retail sector benefits from robust public transport but faces challenges from informal street commerce and varying occupancy rates around 85-90% in similar properties. Leasing advantages include competitive rents estimated at 25-35 USD per square meter monthly based on central district averages, strong visibility from traffic, and family-oriented demographics with 84% weekend visits. However, potential drawbacks encompass competition from nearby malls like Centro Comercial Monterrey, security perceptions in the bustling center, and infrastructure maintenance needs after 16 years of operation, alongside market saturation in basic goods categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medellín&quot;},&quot;anchor_tenants&quot;:&quot;Colsubsidio, Bancolombia&quot;,&quot;distance&quot;:5.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Colsubsidio, Bancolombia&quot;}}],&quot;outside&quot;:[]}" data-map-update-url-value="/malls/el-tesoro" id="mall-map-wrapper"><div data-city="Medellín" data-current-mall="true" data-id="el-tesoro" data-lat="6.197" data-lng="-75.559" data-map-target="mall" data-name="El Tesoro" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">10 km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">30 km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">1,200,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">0.85</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">4,000,000 COP per month</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">9.5</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">75 Index (US=100)</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">1,500 USD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">202 USD per capita</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">500 USD per capita</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">150 USD per capita</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5,000,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">2 Hours</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">144 USD per m² per year</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">400 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">3 Malls</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Level</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">100,000 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">3 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">45 USD per m² per month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High Level</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Good Access</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">1,200 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High Level</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High Level</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">60.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">70.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Low Level</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">High Level</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Multiple Per year</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">40.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing Status</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Planned Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>