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Forum Silos is a mid-sized retail center in the northern suburbs of Mexico City, covering 28,000 square meters with around 90 tenants. Developed in 2012 by a local real estate firm, it targets middle-income shoppers in the Silos area of Gustavo A. Madero borough. The tenant mix emphasizes value-oriented retail: 35% fashion and apparel (brands like Pull&Bear, C&A), 30% food and grocery (Soriana anchor), 20% dining and entertainment (food court with 15 outlets, small arcade), and 15% services (bank branches, pharmacy).
Occupancy rate is 90% as per 2023 JLL market reports, reflecting stable demand but with 5% vacancy in upper-level spaces. Average rent levels range from 30-45 USD per square meter monthly, lower than central malls like Antara (60+ USD), making it attractive for emerging retailers.
Accessibility via Insurgentes Norte highway and Metrobus line supports daily commuters, though parking (800 spaces) fills quickly on weekends. Footfall averages 1.5 million annually, per ICSC data, boosted by local events but hampered by competition from larger venues.
Demographic profile: 250,000 residents in 10km radius, average household income 18,000 MXN, families with children driving 60% of traffic.
Market position is neighborhood-focused, with strengths in affordability and convenience, but drawbacks include traffic congestion, limited luxury draw, and infrastructure wear from high usage.
Leasing advantages feature 5-10 year terms with escalation clauses tied to sales performance, plus co-op marketing funds. Challenges: rising e-commerce competition erodes 10-15% of sales in categories like electronics; nearby informal markets dilute footfall.
Overall, suitable for cost-conscious retailers seeking steady local traffic without premium positioning.
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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
The catchment area for Forum Silos includes approximately 250,000 people within a 10km radius, primarily middle-class families aged 25-50 with average monthly household incomes of 18,000 MXN, according to INEGI census data. Annual footfall reaches 1.5 million visitors, with peaks on weekends accounting for 55% of traffic. Retail research from CBRE indicates a 4% year-over-year increase in 2023, supported by residential growth in the area, though it lags behind city-wide averages of 6% due to suburban isolation and reliance on public transport users.
Tenant Mix and Occupancy
Forum Silos features a practical tenant mix with Soriana supermarket as the main anchor, complemented by mid-tier fashion outlets (40% of GLA), casual dining (25%), and essential services (20%). Occupancy stands at 90% as reported in 2024 Colliers International surveys, with strong retention in grocery and food categories but softer demand for specialty retail. Lease terms offer flexibility for smaller tenants, averaging 5-year commitments at 30-40 USD/sqm/month, providing cost advantages over upscale centers but requiring sales thresholds to justify escalations.
Competition and Risks
Forum Silos faces moderate competition from nearby Gran Patio Tepeyac and Forum Buenavista, which boast higher footfall (over 2 million annually) and broader tenant variety, potentially diverting 20-30% of regional shoppers per Euromonitor analysis. Access challenges include heavy traffic on local roads, reducing impulse visits, while market saturation in apparel leads to promotional pricing pressures. Operational risks involve aging HVAC systems noted in maintenance reports, and economic factors like inflation (7% in 2023) impact consumer spending. Retailers should assess e-commerce encroachment, which has reduced physical sales by 12% in similar venues.
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Mexico City, CMX
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