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Paseo San Francisco is a neighborhood shopping center in Pueblas historic district at Arroyo de Xonaca 1006, featuring an open-air layout with a central garden and 3,053 square meters of rentable space across two levels. Developed in 2005 by Grupo Arquitech, it provides 919 parking spaces and benefits from proximity to the UNESCO World Heritage site, drawing middle-class locals, tourists, and workers.
Occupancy tracks national 93% average in 2024, with 60 stores in a tenant mix emphasizing fashion, footwear, sports, accessories, services, and dining anchors like Cinemex, El Yak, Subway, Italiannis, and Krispy Kreme. Monthly footfall reaches 100,000, with 2.5-hour dwell time and 25% conversion. In a 3.2 million metro market driven by manufacturing, it positions as a secondary community venue with lower rents at 180 MXN per square meter monthly"20-30% below premiums.
Leasing includes percentage rents, 3-5 year terms, and incentives for food/services amid 7% rent growth and 8% vacancy decline. Advantages encompass steady local traffic and historic synergy; drawbacks involve e-commerce competition, fashion/dining saturation, traffic access issues, and moderate sales per square meter versus larger malls like Angelópolis.
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Hours of Operation
Hours
| Monday | 10:00 AM — 08:00 PM |
| Tuesday | 10:00 AM — 08:00 PM |
| Wednesday | 10:00 AM — 08:00 PM |
| Thursday | 10:00 AM — 08:00 PM |
| Friday | 10:00 AM — 08:00 PM |
| Saturday | 10:00 AM — 08:00 PM |
| Sunday | 10:00 AM — 08:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographic Profile
The 5 km radius includes 500,000 residents with 1.2% growth, average age 28, 3.4 household size, and 12,000 MXN monthly income. Metro 3.2 million population features middle-income young families and professionals in automotive sectors, with 3.1% unemployment and 85 economic index. Annual spending totals 4,500 USD, including 1,200 USD apparel, 2,000 USD food/beverages, 800 USD entertainment, supporting mid-tier retail but vulnerable to volatility in non-essential categories.
Competitive Landscape
Puebla has over 20 venues, with Angelópolis for high-end and Parque Puebla for mass appeal. Paseo San Francisco avoids luxury direct rivalry as a local-focused secondary center but contends with e-commerce 40% penetration, omnichannel 75% usage, and street vendors. Fashion/dining saturation risks limit growth, though 7.1% retail sales rise and 3 malls per 100,000 people indicate viable everyday needs positioning amid fragmented market.
Leasing and Operational Factors
Base rents 180 MXN/sqm/month with sales-tied percentages; 3-5 year terms offer incentives for dining/services. Occupancy above 90%, 4% turnover. Strengths: historic boost to 100,000 monthly footfall, family cinemas, monthly events 30% attendance. Weaknesses: smaller format yields moderate sales, infrastructure aging risks in central area. Accessibility hampered by congestion despite parking; security via CCTV/guards ensures operational quality but requires due diligence on renewals.
Building Details
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City Snapshot
Puebla, PUE
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City Snapshot
Puebla, PUE
Comprehensive market intelligence for retail expansion in this city