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High-End Flagship StoresDesigner BoutiquesPremium Dining & LifestyleDepartment Store AnchorsMixed-Use & Office Traffic

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Plaza Carso is a key mixed-use development in Nuevo Polanco, Miguel Hidalgo borough, Mexico City, featuring 48,090 square meters of retail space integrated into a 1.25 million square meter complex that encompasses office towers, residential units, and cultural venues like Museo Soumaya, Museo Jumex, and Teatro Telcel. Developed by Grupo Carso and opened in 2014 at a cost of 800 million to 1.4 billion USD, it targets upscale retail positioning amid affluent surroundings.

The tenant mix comprises about 70 stores across categories: fashion with brands like Adolfo Dominguez, BCBG, Nike, and former anchor Saks Fifth Avenue; beauty including Inglot and Crabtree Evelyn; dining options such as P.F. Chang's, Vapiano, and a food court with Subway, Burger King, and Sushi Itto; cafes like Starbucks and Coffee City; tech outlets including Apple Store and Telcel; plus entertainment via Cinepolis theaters.

Anchors Sanborns and Cinepolis drive traffic.

Market position leverages proximity to Polanco's elite residential and corporate areas, fostering high footfall from cultural attractions that draw over 2 million visitors annually.

Leasing advantages encompass modern design by Ricardo Legorreta, strong visibility, and synergy with offices and residences boosting dwell time, though elevated rents and regional competition necessitate careful evaluation. Occupancy hovers near 95 percent, with accessibility via metro and parking supporting operational quality, yet traffic and economic fluctuations pose risks.

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Hours of Operation

Hours

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Monday09:00 AM — 11:00 PM
Tuesday09:00 AM — 11:00 PM
Wednesday09:00 AM — 11:00 PM
Thursday09:00 AM — 11:00 PM
Friday09:00 AM — 11:00 PM
Saturday09:00 AM — 11:00 PM
Sunday09:00 AM — 11:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

C. Lago Zurich 245, Mexico City, Mexico

Insights

Demographic Profile

Nuevo Polanco hosts an affluent demographic of professionals, executives, and expatriates, with average household incomes exceeding 500,000 MXN yearly, significantly above Mexico Citys 200,000 MXN median. This upper-middle to high-income group, aged 25-55, favors luxury fashion, gourmet dining, and cultural pursuits, aligning with Plazas tenant mix. Families and young urbanites contribute to weekend surges, while business proximity ensures consistent weekday visits from office workers, enhancing retail sales potential across categories like apparel and accessories.

Accessibility and Footfall

Reachable by Polanco and San Joaquin metro stations on Line 7, plus major routes like Avenida Reforma and Paseo de la Reforma, Plaza Carso offers 3,000 underground parking spaces to accommodate car-dependent shoppers. Footfall is amplified by cultural draws, with Museo Soumaya attracting 1-2 million visitors yearly, generating spillover to retail zones; overall estimates surpass 5 million annual visitors. Events and seasonal promotions further elevate traffic, though rush-hour congestion on surrounding avenues can hinder access, impacting peak performance for time-sensitive retail operations.

Market Factors and Risks

Plaza Carso maintains high occupancy around 95 percent, with prime rent levels at 40-70 USD per square foot annually, premium pricing justified by location and quality. Strengths lie in balanced tenant mix mitigating category weaknesses and integrated attractions countering saturation in luxury retail. However, competition from nearby Antara and Santa Fe malls intensifies pressure on footfall capture, while Mexico Citys economic volatility and access bottlenecks during events pose risks. No notable infrastructure aging, but market reports highlight need for adaptive leasing terms to sustain performance amid shifting consumer trends.

Building Details

Property Type
Mixed-Use
Gross Leasable Area
40,000
Year Built
2014
Parking Spaces
2000
Average Monthly Footfall
833,333
Owner
Grupo Carso
Anchor Tenants
Liverpool, Cinépolis, Palacio de Hierro

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
10 km
Catchment area population
2,500,000 People
Population growth rate
1.5 %
Median age
35 Years
Household size
3.2 Persons
Education level (tertiary)
50.0 %

Median household income
50,000 MXN per month
Unemployment rate
3.5 %
Cost of living index
120 Index (100=average)

Retail spending per capita
15,000 MXN per year
Spending on apparel
4,500 MXN per year
Spending on groceries
5,000 MXN per year
Spending on electronics
3,000 MXN per year

Annual foot traffic
10,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
20,000 MXN per year

Number of retail stores
100 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
Medium Density
Tenant diversity
High Diversity
Unique Concepts
Museums and theaters integrated Concepts

Gross Leasable Area
40,000 sqm
Number of Levels
2 Levels
Average rent per square meter
1,000 MXN per month
Vacancy rate
5.0 %
Lease term flexibility
Medium Flexibility
Available retail space
2,000 Square meters

Proximity to main roads
Direct Access
Public transport access
High Access
Parking spaces
2,000 Spaces
Pedestrian traffic
High Traffic

E-commerce competition
High Competition
Click-and-collect adoption
40.0 %
Internet penetration
83.0 %

Retail crime rate
Low Rate
Security measures
Advanced Measures

Promotional events
Frequent Events
Loyalty program penetration
30.0 %
Digital signage presence
High Presence

Projected foot traffic growth
5.0 %
New tenant pipeline
Ongoing Pipeline
Mall expansion plans
Integrated Plans
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Mexico City, CMX

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