<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="10.0898" data-lng="-84.3476" data-map-catchment-data-value="{&quot;lat&quot;:&quot;10.0898&quot;,&quot;lng&quot;:&quot;-84.3476&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:50000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;10 km radius&quot;,&quot;description&quot;:&quot;Local area around Sarchí town serving immediate residents and day visitors&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;50 km radius&quot;,&quot;description&quot;:&quot;Extended area including San José metro for tourists and regional shoppers&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;50,000 People&quot;,&quot;description&quot;:&quot;Estimated population within primary and secondary areas, focused on Sarchí canton and nearby&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.5&quot;,&quot;description&quot;:&quot;Based on Costa Rica national average growth rate for 2024&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;35.2 Years&quot;,&quot;description&quot;:&quot;National median age for Costa Rica in 2025, applicable to catchment&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.1 People&quot;,&quot;description&quot;:&quot;Average household size in Costa Rica&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of population with tertiary education in Alajuela province&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;9,733 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual median income based on national average of $820 monthly&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;11.2&quot;,&quot;description&quot;:&quot;National unemployment rate for Costa Rica in 2024&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;85 Index (US=100)&quot;,&quot;description&quot;:&quot;Estimated cost of living in Sarchí area relative to US average&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;1,200 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending for catchment area residents&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;199 USD per person&quot;,&quot;description&quot;:&quot;Per capita apparel spending in Costa Rica for 2025&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;2,500 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual grocery spending per capita based on national food consumption&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;200 USD per person&quot;,&quot;description&quot;:&quot;Per capita electronics spending derived from market revenue of $1.02B for 5.1M population&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;500,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated based on tourist popularity of Sarchí artisan market&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;45 Minutes&quot;,&quot;description&quot;:&quot;Average time visitors spend in artisan shops and browsing&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Estimated percentage of visitors making a purchase in souvenir shops&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;1,500 USD per year&quot;,&quot;description&quot;:&quot;Estimated sales performance for small artisan retail spaces&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;80 Stores&quot;,&quot;description&quot;:&quot;Approximate number of souvenir and craft shops in the plaza&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Presence of major artisan workshops like oxcart factories as anchors&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Few direct competitors in artisan crafts within 20km&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Mix of local artisans, souvenirs, and small cafes&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Specialized in traditional Costa Rican crafts like painted oxcarts&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;8,000 sqm&quot;,&quot;description&quot;:&quot;Estimated total leasable space for outdoor mall setup&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;1 Levels&quot;,&quot;description&quot;:&quot;Single-level outdoor plaza&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;10 USD per month&quot;,&quot;description&quot;:&quot;Estimated rent for artisan shop spaces in rural area&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Low vacancy due to high demand from local artisans&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Flexible short-term leases common for seasonal vendors&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;500 sqm&quot;,&quot;description&quot;:&quot;Estimated current available space for new tenants&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct&quot;,&quot;description&quot;:&quot;Located along main route from San José to Sarchí&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good&quot;,&quot;description&quot;:&quot;Bus services from San José connect directly&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;200 Spaces&quot;,&quot;description&quot;:&quot;Estimated parking for visitors and tour buses&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Walkable area with steady foot traffic from tourists&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Growing online craft sales but physical tourism strong&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;Low %&quot;,&quot;description&quot;:&quot;Limited adoption in traditional artisan market&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;85.0&quot;,&quot;description&quot;:&quot;National internet penetration rate in Costa Rica 2024&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Tourist area with minimal reported retail crime&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Basic&quot;,&quot;description&quot;:&quot;Local security presence and community watch&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Frequent&quot;,&quot;description&quot;:&quot;Artisan festivals and craft demonstrations&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;Low %&quot;,&quot;description&quot;:&quot;Minimal formal programs, relies on repeat tourists&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Limited digital displays, mostly traditional signage&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 growth with tourism recovery post-2024&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Opportunities for new craft vendors&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;nan&quot;,&quot;description&quot;:&quot;No major expansion announced, potential for additions&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:7090,&quot;slug&quot;:&quot;plaza-naranjo&quot;,&quot;name&quot;:&quot;Plaza Naranjo&quot;,&quot;lat&quot;:&quot;10.0982117&quot;,&quot;lng&quot;:&quot;-84.3787409&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Naranjo functions as a modest neighborhood commercial center in Condado Naranjo, a residential development within the canton of Naranjo, Alajuela province, Costa Rica. Naranjo, with a district population of approximately 12,000 residents, serves as an agricultural hub renowned for coffee production and flower exports, contributing to a stable local economy. The plaza is positioned to meet everyday needs of nearby communities, featuring a tenant mix centered on convenience retail, including a supermarket, restaurants, banks, health clinics, and sports amenities. This setup appeals to families and workers seeking quick access to essentials without traveling to larger urban centers like Alajuela (25 km away) or San Jose (40 km). In the broader Costa Rican retail landscape, small plazas like this one hold a niche in secondary markets, where urban migration and e-commerce growth challenge traditional formats, yet local demand persists for physical grocery and service outlets. Footfall estimates, based on similar rural centers, range from 600 to 1,200 daily visitors, influenced by weekday routines and weekend family outings. Occupancy levels hover around 80-90%, reflecting community dependence but also occasional vacancies due to economic sensitivities. Rent structures are competitive for small retailers, typically $8-15 per square meter monthly, significantly below metropolitan averages of $20-35 per square meter in malls like Multiplaza Escazu. Accessibility benefits from proximity to Route 3, with on-site parking for 100+ vehicles, though public transit options remain sparse. Leasing advantages encompass low entry barriers, predictable local traffic, and synergies with residential growth in Condado Naranjo, which has expanded with over 500 homes since 2015. Drawbacks include limited draw for non-essential categories, competition from informal markets in Naranjo town center, and exposure to agricultural sector volatility, such as coffee price fluctuations impacting disposable income. Operational quality is adequate for a small-scale venue, with modern facades but potential maintenance needs in an area prone to rainy season disruptions. Overall, it suits budget-conscious lessees focusing on staple goods amid a demographic of middle-lower income households earning $600-1,000 monthly.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Naranjo&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Pharmacy&quot;,&quot;distance&quot;:3.54,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Pharmacy&quot;}},{&quot;id&quot;:7574,&quot;slug&quot;:&quot;plaza-grecia-el-ingenio&quot;,&quot;name&quot;:&quot;Plaza Grecia El Ingenio&quot;,&quot;lat&quot;:&quot;10.0786848&quot;,&quot;lng&quot;:&quot;-84.3173976&quot;,&quot;property_type&quot;:&quot;Community&quot;,&quot;description&quot;:&quot;Plaza Grecia El Ingenio is a modest regional shopping center situated 800 meters north of the Catholic Church in Grecia, Alajuela, Costa Rica, along the road to Sarchí in the 20301 postal code. This property serves as a key retail hub for the local population of approximately 30,000 in this district of the Alajuela province, known for its agricultural economy centered on coffee production and small-scale services. The tenant mix comprises practical outlets including clothing stores, pharmacies, specialty shops for daily essentials, a food court with local and international dining options, and a cinema providing entertainment. As a secondary market destination, it holds a solid position with limited direct competition, attracting steady footfall from residents and occasional tourists drawn to Grecias iconic metal church. Leasing advantages include high occupancy rates of 85-95%, surpassing national averages for similar venues, and rent levels estimated at $15-25 per square meter monthly, offering cost-effective entry for small to medium-sized retailers targeting middle-income consumers. Accessibility is enhanced by its central location on a main roadway, facilitating easy vehicle and pedestrian access, though public transport options are basic. Market factors show Costa Ricas retail sector growing at 6-8% in 2025, supported by stable demographics, but potential drawbacks encompass economic dependence on agriculture, which can fluctuate, and proximity to larger malls in Alajuela city (about 20 km away) that may siphon premium spending. Operational quality is generally positive with well-maintained facilities, though the small scale limits anchor tenant presence and category diversity, posing risks of saturation in basic retail segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Grecia&quot;},&quot;anchor_tenants&quot;:&quot;McDonald’s,KFC,Pizza Hut,CitiCinemas,Scotiabank&quot;,&quot;distance&quot;:3.53,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;McDonald’s,KFC,Pizza Hut,CitiCinemas,Scotiabank&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:7088,&quot;slug&quot;:&quot;centro-comercial-palmares&quot;,&quot;name&quot;:&quot;Centro Comercial Palmares&quot;,&quot;lat&quot;:&quot;10.060727&quot;,&quot;lng&quot;:&quot;-84.4378495&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Palmares is a neighborhood shopping center located in Palmares, Alajuela Province, Costa Rica, approximately 45 km from San Jose and 36 km from Juan Santamaria International Airport. Opened in 2010, it spans 15,000 sq m of gross leasable area across one level, with 300 parking spaces, serving a local canton population of around 31,000 residents primarily engaged in agriculture, small businesses, and services. Anchor tenants include Mas X Menos supermarket and CCM Cinemas, supporting a tenant mix of 25 stores focused on local and national brands in categories such as fashion, personal care, quick-service dining, clothing stores, beauty salons, fast food outlets like Tutti Frutti, small supermarkets, pharmacies, and local eateries. The center functions as a community hub with basic operational quality, including CCTV and security guards in a low-crime area. Daily footfall ranges from 800 to 1,500 visitors, equating to about 20,833 monthly and 250,000 annually, with average dwell time of 60 minutes and 20% conversion rate; sales per sq m estimated at $300-400 annually. Peaks occur during the annual Fiestas de Palmares in January, drawing over 100,000 visitors and increasing sales by 30-50%. Occupancy is stable at 85-90%, with a 5% vacancy rate and low tenant turnover due to community loyalty. Rent levels are moderate at $18-22 per sq m per month, below urban mall averages, with lease terms typically 3-5 years featuring inflation-based escalations and medium flexibility. Available spaces up to 1,000 sq m suit small-format retailers targeting everyday needs. The mid-income demographic, with average household incomes of CRC 450,000-600,000 monthly, drives demand for essentials but limits premium growth. Market position emphasizes convenience and stability in a canton with 0.8% annual population growth and 25% urbanization rate. Leasing advantages include affordable rents, festival-driven traffic, and proximity to central market, though drawbacks involve basic infrastructure needing potential upgrades, seasonal access challenges on secondary roads during rains, over-reliance on basic retail without major entertainment, and economic sensitivity to coffee price fluctuations. Competition from larger properties like City Mall Alajuela, 15 km away with over 10,000 daily visitors, captures significant regional spending, alongside e-commerce and local street vendors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Palmares&quot;},&quot;anchor_tenants&quot;:&quot;Mas X Menos, CCM Cinemas&quot;,&quot;distance&quot;:10.4,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Mas X Menos, CCM Cinemas&quot;}},{&quot;id&quot;:7442,&quot;slug&quot;:&quot;plaza-san-mateo-1&quot;,&quot;name&quot;:&quot;Plaza San Mateo&quot;,&quot;lat&quot;:&quot;9.9938&quot;,&quot;lng&quot;:&quot;-84.2871&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza San Mateo is a neighborhood shopping center in San Mateo, California, situated on the San Francisco Peninsula, about 20 miles south of San Francisco. Covering approximately 60,000 square feet, it was constructed in the late 1970s and last renovated in 2018, featuring surface parking for over 250 vehicles and direct access to El Camino Real and Highway 101. The tenant mix comprises essential retailers including a mid-sized grocery anchor occupying 25,000 square feet, national chains like CVS Pharmacy and Starbucks, alongside local restaurants, a fitness studio, and professional services such as a dental office and bank branch. Occupancy stands at 94 percent, with average base rents between $4.75 and $5.75 per square foot triple net, reflecting the areas stable demand. Daily footfall averages 4,800 visitors, bolstered by its convenience-oriented positioning serving nearby residential communities. The primary trade area includes 45,000 residents within a 3-mile radius, characterized by a median household income of $132,000, a median age of 37, and a diverse population with 35 percent Asian, 25 percent White, 20 percent Hispanic, and growing millennial families due to proximity to tech employment centers in Silicon Valley. Leasing advantages encompass predictable revenue from recession-resistant categories, short lead times for build-outs, and marketing support from property management. However, drawbacks include intense competition from regional malls like Hillsdale Shopping Center (1.5 miles away) with higher footfall of 15 million annually, potential access issues from traffic on El Camino Real during rush hours, and an aging infrastructure requiring ongoing maintenance costs estimated at $0.50 per square foot. Market factors such as e-commerce growth and category saturation in quick-service food (30 percent of tenants) present risks, while strengths lie in the centers operational efficiency and demographic affluence supporting premium pricing for select categories. Retailers should evaluate co-tenancy clauses and percentage rent structures to mitigate vacancy risks in a market with 3.5 percent overall retail vacancy rate per CoStar data.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Mateo&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, pharmacies&quot;,&quot;distance&quot;:12.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, pharmacies&quot;}},{&quot;id&quot;:8274,&quot;slug&quot;:&quot;palmares-plaza&quot;,&quot;name&quot;:&quot;Palmares Plaza&quot;,&quot;lat&quot;:&quot;10.060727&quot;,&quot;lng&quot;:&quot;-84.4378495&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Palmares Plaza, a neighborhood mall in Palmares, Costa Rica, built in 2010, spans 15,000 sq m of gross leasable area on one level with 300 parking spaces. It draws 20,833 monthly visitors, totaling about 250,000 annually, with average stays of 60 minutes. Occupancy is medium with 25 stores, anchored by Mas X Menos supermarket and CCM Cinemas. Rent is low at 22 USD per sq m per month. Tenant mix is medium, centered on essentials, groceries, and entertainment. The local market serves 35,000 residents within 5 km, average age 31, 3.1 persons per household, per capita income 9,600 USD yearly, and 0.8% population growth. It holds a medium market position with low competition and 3% growth potential. Leasing benefits include direct access, solid infrastructure, and 12 yearly marketing events. Risks involve limited family amenities, demand for diverse dining and trendy fashion, potentially affecting certain retail categories amid moderate footfall.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Palmares&quot;},&quot;anchor_tenants&quot;:&quot;Mas X Menos, CCM Cinemas&quot;,&quot;distance&quot;:10.4,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Mas X Menos, CCM Cinemas&quot;}},{&quot;id&quot;:7089,&quot;slug&quot;:&quot;centro-comercial-zarcero&quot;,&quot;name&quot;:&quot;Centro Comercial Zarcero&quot;,&quot;lat&quot;:&quot;10.1864183&quot;,&quot;lng&quot;:&quot;-84.3919794&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Zarcero is a small-scale shopping facility in Zarcero, Alajuela province, Costa Rica, serving a canton population of about 9,500. Positioned centrally near the iconic Zarcero Park with its topiary gardens, it attracts local residents and tourists traveling between San Jose and Arenal Volcano. The property spans approximately 5,000 sqm with 20-25 retail units, featuring a mix of essential services: a local supermarket, pharmacy, hardware store, clothing boutiques, and casual dining options like sodas and bakeries. Tenant mix prioritizes everyday necessities over luxury, with 10% dedicated to tourism souvenirs. Occupancy stands at 88%, supported by steady local demand, though footfall averages 400-800 daily, surging to 1,200 on weekends due to park visitors. Rent levels range from $8-12 per sqm monthly, below national averages for urban centers, offering cost-effective entry for independent retailers. Accessibility via Route 141 provides good road connectivity, with 100 parking spaces, but public transit is sparse. Market factors include agricultural economy driving stable but modest spending, with annual sales per sqm estimated at $2,500-3,500. Advantages encompass low operational costs and loyal community base; drawbacks feature limited expansion, seasonal tourism variability, and competition from informal markets. Suitable for budget retail focusing on locals and transit shoppers, with risks from rural economic shifts.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Zarcero&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores&quot;,&quot;distance&quot;:11.79,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;20&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores&quot;}},{&quot;id&quot;:7091,&quot;slug&quot;:&quot;plaza-atenas&quot;,&quot;name&quot;:&quot;Plaza Atenas&quot;,&quot;lat&quot;:&quot;9.9785&quot;,&quot;lng&quot;:&quot;-84.3738&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza Atenas is a commercial retail complex located in Atenas, Alajuela Province, Costa Rica, approximately 3 minutes drive from the town center. The property spans 5,000 square meters of land with 2,620 square meters of constructed space, featuring 9 commercial units designed primarily for food and beverage operations. It includes 1,080 square meters of parking accommodating 40 vehicles, shared indoor areas, green spaces, a childrens playground, pet park, and public restrooms, all compliant with local law 7600. The complex is fully permitted for commercial use with independent utility meters for each unit. Current leasing is offered at $6,000 per month for the entire property, equating to roughly $2.29 per square meter monthly, which is competitive for the region. Atenas, with a population of about 7,000 in the town proper and 17,000 in the surrounding area, serves a demographic mix of local agricultural workers, coffee farmers, retirees, and a growing expat community attracted by the mild climate and scenic views. The retail market in Atenas is modest, supported by local consumption and some tourism spillover from nearby San Jose, 30 minutes away. Tenant mix potential focuses on casual dining, cafes, and quick-service eateries to leverage high foot traffic from residents and visitors. Advantages include low rent levels, ample parking, and family-friendly amenities that could boost dwell time. However, the small market size limits scalability, and occupancy appears low as the property is listed as fully available. Market reports indicate Costa Ricas retail sector growing at 5-7% annually, but rural areas like Atenas face saturation in basic goods with competition from larger centers in Alajuela and San Jose. Accessibility via Route 3 is straightforward, though public transport is limited. Operational quality is high with modern finishes using materials like cedar wood and stone, but aging infrastructure is not a concern given its recent development status.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Atenas&quot;},&quot;anchor_tenants&quot;:&quot;Atenas Art Gallery, Ōmi Sushi Bar&quot;,&quot;distance&quot;:12.7,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;800&quot;,&quot;anchor_tenants&quot;:&quot;Atenas Art Gallery, Ōmi Sushi Bar&quot;}},{&quot;id&quot;:5638,&quot;slug&quot;:&quot;plaza-san-ramon&quot;,&quot;name&quot;:&quot;Plaza San Ramón&quot;,&quot;lat&quot;:&quot;10.084537&quot;,&quot;lng&quot;:&quot;-84.471522&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza San Ramón is a regional shopping center located in the heart of San Ramón, Alajuela Province, Costa Rica, approximately 47 kilometers northwest of San José and 31 kilometers from Juan Santamaría International Airport. Serving as a key retail hub for the local community, it caters primarily to the canton of San Ramón, which has a population exceeding 86,000 residents, including families, students from the University of Costa Rica campus, and agricultural workers. The tenant mix includes a diverse range of stores such as supermarkets like Mas x Menos, clothing retailers including local and international brands, electronics outlets, a variety of dining options from fast food to local eateries, and entertainment facilities like CCM Cinemas with three screens accommodating 380 people. The center spans several thousand square meters of gross leasable area, though exact figures are not publicly detailed, and operates daily from around 10:00 AM to 8:00 PM or later on weekends. Accessibility is strong via the Pan-American Highway and local roads, with ample free parking available, enhancing convenience for shoppers from surrounding rural areas. Market position is solid as the primary destination for everyday shopping and leisure in the area, benefiting from low competition within a 20-kilometer radius. Occupancy rates are estimated at over 90 percent based on regional retail reports for similar centers in Costa Rica&#39;s Central Valley, reflecting stable demand. Rent levels typically range from 15 to 25 USD per square meter per month for ground-floor spaces, influenced by footfall metrics that see moderate traffic of several thousand visitors weekly, driven by family outings and local events. Leasing advantages include flexible terms for small to medium retailers, community engagement opportunities, and proximity to educational institutions boosting weekday traffic. However, challenges include seasonal fluctuations in visitor numbers due to agricultural cycles and potential saturation in basic retail categories like groceries and apparel amid growing e-commerce penetration in Costa Rica. Overall, the property offers balanced potential for retailers targeting middle-income demographics with household incomes averaging 800-1,200 USD monthly, though infrastructure maintenance and access during rainy seasons pose minor risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Ramón&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado, Banco&quot;,&quot;distance&quot;:13.58,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;6000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado, Banco&quot;}},{&quot;id&quot;:6653,&quot;slug&quot;:&quot;plaza-coyol&quot;,&quot;name&quot;:&quot;Plaza Coyol&quot;,&quot;lat&quot;:&quot;9.99515&quot;,&quot;lng&quot;:&quot;-84.27112&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza Coyol is a compact retail plaza situated within the Coyol Free Zone in Alajuela, Costa Rica, catering mainly to the daily needs of industrial park employees and nearby residents. Positioned adjacent to major manufacturing and logistics facilities, it provides essential shopping and services in a convenient location. The tenant mix features fashion outlets like Forever 21, financial institutions such as BAC Credomatic, and educational entities including the Instituto Tecnologico de Costa Rica. Footfall benefits from the zones workforce, with estimates of 5,000-10,000 daily visitors during weekdays, driven by lunch breaks and after-work shopping. Occupancy stands at approximately 90%, indicative of consistent demand in this employment-centric area. Rent levels range from $15 to $25 per square meter per month, aligning with secondary retail benchmarks in Alajuela. Accessibility is facilitated by Route 1 and internal free zone roads, though public transit is sparse, favoring personal vehicles. The demographic profile includes young professionals aged 25-45 in tech and manufacturing, with supporting middle-income families. Leasing advantages encompass a captive audience from the free zone, low vacancy risks, and proximity to Juan Santamaria International Airport, boosting transient traffic. Drawbacks involve limited entertainment to sustain longer visits, competition from expansive centers like City Mall Alajuela, and vulnerability to industrial sector downturns affecting spending power. Operational quality is functional, with basic infrastructure, but lacks advanced amenities found in prime malls. Market reports highlight Alajuelas growth as a logistics hub, yet saturation in convenience retail poses challenges for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Puerto Madero,Bahía Urbana,Sabrosera&quot;,&quot;distance&quot;:13.45,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Puerto Madero,Bahía Urbana,Sabrosera&quot;}},{&quot;id&quot;:8202,&quot;slug&quot;:&quot;plaza-poas&quot;,&quot;name&quot;:&quot;Plaza Poas&quot;,&quot;lat&quot;:&quot;10.0783&quot;,&quot;lng&quot;:&quot;-84.2463&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Poas is a modest commercial plaza situated in San Pedro de Poas, Alajuela Province, Costa Rica, functioning primarily as a neighborhood business hub. It caters to local residents and occasional tourists drawn to the nearby Poas Volcano National Park. The tenant mix emphasizes service-oriented businesses, including medical offices, insurance agents, spas, general offices, and co-working spaces, with limited traditional retail outlets. The property spans approximately 5,000 square meters, featuring ground-level units suitable for small-scale operations. In the context of Costa Ricas retail market, Plaza Poas holds a niche position serving the Poas cantons population of around 37,000, with San Pedro district accounting for over half. Footfall is estimated at 1,000-2,000 daily visitors, driven by local errands and professional services rather than shopping excursions. Occupancy stands at about 85%, typical for suburban plazas in Alajuela, where average rents range from $10 to $15 per square meter monthly, lower than the $20+ in San Jose malls. Accessibility via Route 126 provides convenient road links to Alajuela city (20 minutes) and San Jose (45 minutes), though public bus service is infrequent. Strengths include a secure environment with 24/7 surveillance and proximity to natural attractions enhancing visibility. Drawbacks encompass modest tenant diversity, potential infrastructure wear from volcanic activity proximity, and competition from larger venues like Plaza Real Alajuela. Market factors such as stable tourism recovery post-pandemic and agricultural employment support consistent demand, but economic volatility in coffee production poses risks to consumer spending. Leasing advantages feature flexible terms and lower entry barriers for emerging retailers targeting middle-income demographics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Pedro De Poás&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores, pharmacy&quot;,&quot;distance&quot;:11.16,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores, pharmacy&quot;}}],&quot;outside&quot;:[{&quot;id&quot;:5603,&quot;slug&quot;:&quot;lincoln-plaza&quot;,&quot;name&quot;:&quot;Lincoln Plaza&quot;,&quot;lat&quot;:&quot;9.9624787&quot;,&quot;lng&quot;:&quot;-84.055793&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Lincoln Plaza is a modern shopping center located in Moravia, northeast of downtown San José, Costa Rica, spanning approximately 50,000 square meters with over 165 retail spaces across multiple levels. Opened in 2016, it serves as a key retail hub in the Central Valley, attracting a mix of local residents and tourists with its blend of international brands like Zara, H\u0026M, and local Costa Rican retailers, alongside a diverse food court offering traditional dishes such as gallo pinto and international cuisine. The tenant mix emphasizes lifestyle, fashion, electronics, and entertainment, including a multiplex cinema, arcade, and laser tag facilities, which enhance dwell time and footfall. Market positionally, it benefits from the recovering Costa Rican retail sector post-pandemic, with leasing activity surging to over 1.4 million square feet in 2025 across San José malls, driven by lifestyle concepts. Occupancy rates are estimated at 85-90%, supported by average rents of $25-30 per square meter monthly, competitive within the mid-tier premium segment. Accessibility via major roads like Route 32 provides advantages for regional draw, though urban traffic poses challenges. Leasing opportunities favor retailers in categories like apparel and dining, with potential for percentage rent structures amid 4-5% annual sales growth in similar properties. Drawbacks include saturation in the fashion sector and competition from upscale venues like Multiplaza Escazú, potentially impacting smaller tenants. Operational quality is high with modern infrastructure, air-conditioned spaces, and EV charging, but aging access roads could require infrastructure upgrades. Demographic profile targets middle to upper-middle income families aged 25-55, with household incomes averaging $1,500-3,000 monthly in the area, contributing to steady visitation of around 6,000-8,000 daily shoppers on weekdays, peaking at 15,000 on weekends.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;CCM Cinemas, Various retail chains including American Eagle, Swarovski&quot;,&quot;distance&quot;:34.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;CCM Cinemas, Various retail chains including American Eagle, Swarovski&quot;}},{&quot;id&quot;:7085,&quot;slug&quot;:&quot;centro-comercial-plaza-la-fortuna&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza La Fortuna&quot;,&quot;lat&quot;:&quot;10.4289&quot;,&quot;lng&quot;:&quot;-84.6434&quot;,&quot;property_type&quot;:&quot;&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza La Fortuna is situated in central La Fortuna de San Carlos, Alajuela Province, Costa Rica, a key tourism hub near Arenal Volcano National Park. The property comprises approximately 23 commercial units, serving both local residents and a high volume of international tourists attracted to adventure sports, hot springs, and nature excursions. Tenant mix includes convenience stores, souvenir shops, casual dining outlets, pharmacies, and service providers like tour agencies, aligning with the areas eco-tourism focus. Footfall benefits from the towns role as a gateway destination, with annual visitor numbers surpassing 500,000, contributing to estimated retail traffic of 1,000-2,000 daily during peak seasons. Occupancy in similar local retail spaces averages 70-80%, supported by year-round tourism though dipping to 60% in rainy months. Rent levels range from $800 to $2,500 monthly for units of 50-150 square meters, competitive within the regions informal market dynamics. Accessibility is strong via Route 142, with proximity to major hotels and public transport, enhancing visibility. However, the plaza faces drawbacks from limited anchor tenants, potential infrastructure wear due to high humidity, and market saturation in low-margin categories like apparel and crafts. Commercial real estate insights note 4-6% annual sales growth, but economic volatility tied to global travel trends introduces risks. Overall, it offers practical leasing for tourism-dependent retailers, balanced against competition from nearby street vendors and larger centers in San Jose.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;La Fortuna&quot;},&quot;anchor_tenants&quot;:&quot;500000&quot;,&quot;distance&quot;:49.69,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;500000&quot;}},{&quot;id&quot;:8005,&quot;slug&quot;:&quot;plaza-de-la-cruz-1&quot;,&quot;name&quot;:&quot;Plaza De La Cruz&quot;,&quot;lat&quot;:&quot;9.9335379&quot;,&quot;lng&quot;:&quot;-84.0769962&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza de la Cruz is a mid-sized neighborhood shopping center in central San José, Costa Rica, established in 2005 with a gross leasable area of approximately 25,000 square meters across two levels. It caters primarily to local residents in the surrounding urban districts, featuring a balanced tenant mix that includes anchor stores such as a major supermarket (40% of space), fashion and apparel outlets (25%), electronics and services (20%), and food and beverage options (15%). The center reports an occupancy rate of 90% as of late 2025, with average base rents ranging from $20 to $30 per square meter monthly, influenced by location premiums near entrances. Footfall averages 6,000 visitors per day, bolstered by its position along key bus routes and on-site parking for 400 vehicles, enhancing accessibility for the middle-class demographic with average household incomes of $1,200-$2,800. Market position is that of a convenience-oriented venue rather than a destination mall, benefiting from low vacancy but facing saturation in the San José retail landscape where larger complexes like Multiplaza draw regional shoppers. Leasing advantages encompass flexible lease terms up to 5 years, shared marketing budgets, and utility inclusions, though drawbacks include moderate sales per square meter at around $8,000 annually due to competition and economic pressures from tourism fluctuations. Operational quality is average, with recent upgrades to HVAC systems but ongoing concerns over parking lot maintenance amid increasing urban density.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, clothing stores&quot;,&quot;distance&quot;:34.35,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, clothing stores&quot;}},{&quot;id&quot;:8347,&quot;slug&quot;:&quot;plaza-los-heroes-1&quot;,&quot;name&quot;:&quot;Plaza Los Héroes&quot;,&quot;lat&quot;:&quot;10.0172&quot;,&quot;lng&quot;:&quot;-84.2128&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Los Héroes is a community-oriented shopping center in Alajuela, Costa Rica, situated in a rapidly developing area close to the Juan Santamaría International Airport and major highways. Spanning about 25,000 square meters, it features around 60 tenants including a supermarket anchor, pharmacies, apparel stores, electronics outlets, and a food court with a mix of local Costa Rican eateries and fast-food chains. The market position targets middle-income locals, benefiting from Alajuelas population growth of 2.5% annually and proximity to residential neighborhoods. Annual footfall reaches approximately 1.5 million visitors, supported by easy accessibility via Route 1 and public transport options. Occupancy rate is 88%, aligning with Costa Ricas retail vacancy average of 7-9% in suburban areas. Rent levels are competitive at $20-32 per square meter monthly, inclusive of some CAM fees, making it attractive for small to medium retailers seeking stable, lower-cost spaces compared to urban San José malls. Leasing advantages include short-term flexibility (3-7 years), promotional support from management, and a diverse tenant mix that drives cross-shopping. However, drawbacks encompass limited high-end brands, potential competition from larger venues like City Mall (5+ million footfall), and occasional infrastructure wear from high humidity. The demographic profile includes families with average incomes of $1,200-2,000 monthly, young professionals commuting to the airport, and seasonal tourist traffic. Operational quality is solid with air-conditioned spaces and security, though parking capacity (500 spots) can strain during weekends. Overall, it offers practical opportunities for everyday retail but requires strategies to counter nearby saturation in basic goods categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores&quot;,&quot;distance&quot;:16.82,&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 supermarket, clothing stores&quot;}},{&quot;id&quot;:6656,&quot;slug&quot;:&quot;plaza-tropicana&quot;,&quot;name&quot;:&quot;Plaza Tropicana&quot;,&quot;lat&quot;:&quot;10.0134704&quot;,&quot;lng&quot;:&quot;-84.2087334&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Tropicana is an open-air shopping plaza located in the Tropicana district of Alajuela, Costa Rica, approximately 5 km from Juan Santamaria International Airport. Spanning about 10,000 sq m, it serves as a community hub with a diverse tenant mix including financial services like Banco Nacional de Costa Rica, electronics retailer iStore, and a multiplex cinema operated by Cinepolis. Dining options feature international cuisines such as Japanese ramen and sushi at Hikari, Italian at select eateries, and urban Costa Rican fare, alongside casual fast-food outlets. Retail spaces cater to everyday needs with pharmacies, clothing stores, and convenience shops. Alajuela&#39;s retail market, part of the greater San Jose metropolitan area, benefits from population growth exceeding 2% annually and proximity to industrial zones and tourism routes. Footfall estimates range from 4,000 to 8,000 daily visitors, driven by local middle-class residents and airport traffic. Occupancy rates hover around 85-90%, per regional commercial reports, with rent levels averaging $18-25 per sq m monthly, offering affordability for small-format retailers. Leasing advantages include short-term flexibility (1-3 years) and promotional support through plaza events. However, challenges arise from competition with larger venues like City Mall Alajuela, which reports over 10 million annual visits, and potential access issues during peak traffic on Route 1. Costa Ricas retail sector projects 2.5% growth in 2025, supported by tourism recovery and stable consumer spending, though e-commerce penetration at 15% impacts physical foot traffic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Banco Nacional, Hikari Ramen&quot;,&quot;distance&quot;:17.41,&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;Banco Nacional, Hikari Ramen&quot;}},{&quot;id&quot;:8271,&quot;slug&quot;:&quot;los-yoses-plaza&quot;,&quot;name&quot;:&quot;Los Yoses Plaza&quot;,&quot;lat&quot;:&quot;9.932&quot;,&quot;lng&quot;:&quot;-84.057&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Los Yoses Plaza, operating as Centro Comercial Los Yoses, is a neighborhood-oriented retail center in the San Pedro district of San José, Costa Rica, covering about 8,000 square meters of gross leasable area over two levels with 200 parking spaces. Positioned adjacent to the University of Costa Rica and high-density residential areas, it offers strong accessibility through major roads like Avenida Central, bus routes, and the nearby San Pedro train station. The tenant mix prioritizes everyday convenience, anchored by Fresh Market supermarket which occupies 40% of the space for groceries and essentials, complemented by La Bomba pharmacy for health products, Spoon cafeteria for quick meals, local boutiques, banks, and services such as dry cleaners, totaling approximately 30 stores with medium density and high diversity in essentials but limited fashion or entertainment options. Occupancy is stable at 88%, slightly below the San José average of 92% amid post-pandemic recovery and 10% citywide vacancy rates, supported by daily footfall of 5,000-7,000 visitors or 500,000 annually from surrounding 50,000 residents and students. In the broader Costa Rican retail market growing at 4-5% annually through 2025 driven by urbanization, this center holds a solid local position against larger competitors like Multiplaza Escazú, benefiting from lower operational costs and reliable local patronage though challenged by e-commerce penetration at 10%. Leasing advantages include moderate rents of 12-18 USD per square meter monthly plus 8-10% for common area maintenance, flexible 3-5 year terms, and prime corner locations for visibility, making it suitable for small-format retailers entering the market with low-risk, steady demand from a youthful demographic where 40% are under 30 years old. However, potential drawbacks encompass seasonal footfall drops of up to 30% during academic breaks, category saturation in groceries and pharmacies, limited parking constraining peak visits, urban traffic congestion raising logistics costs by 15%, and aging common area fixtures despite maintenance efforts.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Fresh Market supermarket&quot;,&quot;distance&quot;:36.34,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Fresh Market supermarket&quot;}},{&quot;id&quot;:7437,&quot;slug&quot;:&quot;plaza-lindora&quot;,&quot;name&quot;:&quot;Plaza Lindora&quot;,&quot;lat&quot;:&quot;9.951411&quot;,&quot;lng&quot;:&quot;-84.1965289&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Lindora is a small commercial plaza in the upscale Lindora district of Santa Ana, Costa Rica, positioned across from AutoMercado supermarket along the Radial Santa Ana road toward the airport. This location provides strong visibility and accessibility via Route 27, linking to downtown San José in about 25 minutes and the Pacific coast. The tenant mix includes service-oriented businesses such as a Curves fitness center, local retail shops, and convenience services, catering to daily needs of nearby residents rather than large-scale shopping. Market position: Lindora is a premium residential and commercial hub with gated communities like Bosques de Lindora and Valle del Sol, featuring high-income demographics including professionals, families, and expats. The area supports robust retail performance due to its self-contained amenities, including gourmet supermarkets, restaurants, and private schools. Footfall benefits from proximity to high-traffic AutoMercado and business districts, though exact metrics are limited; similar Lindora sites report steady pedestrian and vehicular traffic from local commuters. Occupancy in comparable plazas exceeds 85%, driven by demand for convenient locations. Rent levels for ground-floor spaces typically range from $20 to $30 per square meter monthly, offering value compared to larger malls. Leasing advantages encompass low operational costs, stable foot traffic from adjacent grocery anchor, and potential for cross-promotion with nearby services. Drawbacks include limited expansion potential as a strip-style property and vulnerability to economic shifts affecting discretionary spending in a car-dependent suburb. Competition from expansive centers like Momentum Lindora, with cinemas and diverse dining, may divert broader retail traffic, while aging infrastructure in older sections could require maintenance considerations. Overall, it suits niche retailers targeting affluent locals seeking quick, everyday conveniences amid a growing market valued at stable 5-7% annual retail growth in the Central Valley.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santa Ana&quot;},&quot;anchor_tenants&quot;:&quot;Cines, various restaurants and retail stores&quot;,&quot;distance&quot;:22.59,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;17000&quot;,&quot;anchor_tenants&quot;:&quot;Cines, various restaurants and retail stores&quot;}},{&quot;id&quot;:8181,&quot;slug&quot;:&quot;plaza-las-hortensias&quot;,&quot;name&quot;:&quot;Plaza Las Hortensias&quot;,&quot;lat&quot;:&quot;9.948&quot;,&quot;lng&quot;:&quot;-84.056&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Las Hortensias is a small neighborhood commercial plaza located in the Mata de Plátano area of Guadalupe, San José, Costa Rica, approximately 25 meters west and 15 meters north of the AyA tanks. This property serves as a local retail and service hub in a residential district with around 37,000 residents, characterized by middle-class families with average household incomes of $1,000 to $2,000 monthly. The plaza likely features a mix of small-scale tenants including service-oriented businesses such as barbershops, pharmacies, and possibly casual eateries or convenience stores, similar to other neighborhood centers in the area like Centro Comercial Guadalupe nearby. With easy access via Route 32 and public buses, it benefits from moderate footfall of local shoppers seeking everyday essentials, estimated at 1,000 to 3,000 visitors daily based on comparable properties. Occupancy in such small plazas typically exceeds 90%, reflecting steady demand in Costa Ricas growing retail market, which has seen 5-7% annual expansion in shopping space. Rent levels are affordable at around 8-12 USD per square meter per month, making it suitable for startups or local retailers focusing on value-oriented goods. The tenant mix emphasizes practical services over luxury, promoting cross-shopping but limiting high-end opportunities. Market position is community-focused, with advantages in low operational costs and proximity to residential areas, though challenges include competition from larger malls like Mall San Pedro and potential aging infrastructure in older developments. Overall, it offers stable leasing for essential retail categories amid San Josés urban saturation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local retailers, Barber shops&quot;,&quot;distance&quot;:35.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Local retailers, Barber shops&quot;}},{&quot;id&quot;:5624,&quot;slug&quot;:&quot;centro-comercial-guadalupe&quot;,&quot;name&quot;:&quot;Centro Comercial Guadalupe&quot;,&quot;lat&quot;:&quot;9.9416163&quot;,&quot;lng&quot;:&quot;-84.0646978&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Guadalupe, situated in the Guadalupe district of San José, Costa Rica, is a neighborhood shopping center opened in 1973, featuring approximately 20,000 sqm of gross leasable area over 2 levels with 39 stores. It caters to a local population of 37,000 in the district and 150,000 within a 5 km radius, comprising middle-class families with average monthly household incomes of 1,500 USD and an average age of 32 years, 3.1 persons per household. The tenant mix emphasizes essential services, anchored by a supermarket, alongside pharmacy, hardware, fashion and shoe stores, beauty salons, technology outlets, and quick-service eateries such as McDonald&#39;s and Pizza Hut, fostering daily utility and moderate cross-shopping. Occupancy exceeds 95% with a 5% vacancy rate, underpinned by steady footfall of 5,000 to 8,000 visitors daily, equating to 125,000 monthly and 1.5 million annually, with 60-minute average dwell time and 20% conversion rate, generating 5,000 USD per sqm in annual sales. Rent levels range from 10 to 20 USD per sqm per month, providing accessible entry for small to medium retailers in value segments. Accessibility via Route 32, frequent buses, and 150 to 500 parking spaces supports operational flow, while security via CCTV and guards, plus 12 yearly marketing events with 30% attendance, maintain quality. In Costa Rica&#39;s retail market growing 5-7% annually, the center holds a stable community position, though aging infrastructure and competition from larger venues like Multiplaza and City Mall present challenges, limiting appeal to non-essential categories amid 11% unemployment and moderate consumer confidence.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado, McDonald&#39;s, Pizza Hut&quot;,&quot;distance&quot;:35.09,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado, McDonald&#39;s, Pizza Hut&quot;}},{&quot;id&quot;:7545,&quot;slug&quot;:&quot;plaza-rohrmoser&quot;,&quot;name&quot;:&quot;Plaza Rohrmoser&quot;,&quot;lat&quot;:&quot;9.939766&quot;,&quot;lng&quot;:&quot;-84.1214805&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza Rohrmoser is a convenience-oriented shopping center located in the Pavas district of San José, Costa Rica, along Boulevard Ernesto Rohrmoser, approximately 1 km west of the National Stadium. Opened as a mini-mall, it spans a modest footprint catering to local residents with everyday essentials rather than large-scale retail. The property features ample free parking, 24/7 security, and easy access via major routes like Vía 104, making it convenient for quick visits. Tenant mix includes a mini-mart, pharmacies, clothing stores, flower shops, a food court, and fast-food outlets such as McDonald\&quot;s nearby, emphasizing convenience retail over luxury or entertainment anchors. The surrounding Rohrmoser and Pavas areas are established middle-class neighborhoods with growing commercial activity, including industrial zones and residential developments from the 1970s-1980s, attracting a mix of local professionals, families, and some expatriates due to proximity to the city center and airport. Market position is as a neighborhood hub in a stable, maturing submarket; San José\&quot;s retail sector shows moderate growth, with convenience centers like this maintaining steady performance amid economic recovery post-2020. Occupancy levels are typically high for such formats, though exact figures are not publicly detailed; rents average lower than in upscale malls like Multiplaza Escazú, around $15-25 per sqm monthly based on regional reports. Advantages include low competition for daily needs within a 2-3 km radius and strong local footfall from nearby offices and homes, but drawbacks involve limited draw from tourists or broader demographics, potential saturation in convenience categories, and vulnerability to traffic congestion on the boulevard. Overall, it suits retailers targeting everyday consumers in a reliable, low-risk location with operational efficiencies from its compact design.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Pollo Campero, Librería Lehmann, Guasaca Grill&quot;,&quot;distance&quot;:29.86,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;21600&quot;,&quot;anchor_tenants&quot;:&quot;Pollo Campero, Librería Lehmann, Guasaca Grill&quot;}},{&quot;id&quot;:5612,&quot;slug&quot;:&quot;boulevard-bella-vista&quot;,&quot;name&quot;:&quot;Boulevard Bella Vista&quot;,&quot;lat&quot;:&quot;9.9047851&quot;,&quot;lng&quot;:&quot;-84.1445604&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Boulevard Bella Vista is an open-air lifestyle shopping center in Escazú, Costa Rica, an upscale suburb west of San José. Developed by the Aragón family and opened in 2012, it covers about 25,000 square meters of gross leasable area, focusing on a pedestrian-friendly design with green spaces and valet parking. The tenant mix comprises approximately 60 retail stores, including international chains like Zara, Pull\u0026Bear, and local boutiques, alongside 25 dining options ranging from casual eateries to fine dining such as El Chantecler. Entertainment includes a 6-screen Cinépolis cinema and fitness centers. Market position is strong in the affluent Escazú area, serving a demographic of upper-middle-class professionals, expatriates, and families with average household incomes exceeding $60,000 annually. Occupancy rates hover around 94-97% based on commercial real estate reports from 2023, reflecting stable demand. Footfall averages 400,000 to 600,000 monthly visitors, bolstered by proximity to residential communities and office parks. Rent levels are premium at $28-40 per square meter per month, higher than regional averages due to the prime location. Accessibility is facilitated by Route 27 highway connectivity and over 1,000 parking spaces, though traffic congestion during peak hours is a noted issue. Leasing advantages include short-term pop-up opportunities and co-tenancy clauses protecting against anchor vacancies. Sales performance is solid in fashion and food-and-beverage categories, with average sales per square meter at $8,000 annually. However, challenges arise from intense competition with nearby centers like Multiplaza Escazú, which draws similar demographics, and potential infrastructure aging as the property approaches a decade old. Market factors such as Costa Ricas tourism recovery post-pandemic influence performance, with risks from economic slowdowns impacting discretionary spending. Overall, it suits retailers targeting high-end consumers but requires careful evaluation of category saturation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, AutoMercado&quot;,&quot;distance&quot;:30.29,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, AutoMercado&quot;}},{&quot;id&quot;:6256,&quot;slug&quot;:&quot;plaza-los-arcos&quot;,&quot;name&quot;:&quot;Plaza Los Arcos&quot;,&quot;lat&quot;:&quot;9.9739081&quot;,&quot;lng&quot;:&quot;-84.1505494&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Los Arcos is a neighborhood shopping center located in Ulloa, Heredia, Costa Rica, along Vía 1 near the Autopista General Cañas highway. Spanning an estimated area suitable for local retail, it primarily serves the surrounding residential communities in the Cariari and Belén areas, with a focus on convenience-oriented tenants. The tenant mix includes small businesses such as video rentals, medical consults, offices, and potential service providers, emphasizing everyday needs over luxury or entertainment retail. Its market position is as a secondary local hub, benefiting from proximity to larger developments like Plaza Real Cariari, which is about 5 minutes away. Accessibility is a key strength, with direct highway frontage providing easy entry for vehicles from San José, Alajuela, and Heredia; public bus lines connect it to these cities, and it is 15 minutes from Juan Santamaría International Airport and 10 minutes from industrial zones like Intel and Free Zone. Occupancy levels for similar small plazas in Heredia average 85-90%, with footfall estimated at 500-1,000 daily visitors, driven by local traffic rather than regional draw. Rent levels for commercial spaces range from $12-13 per square meter monthly, based on recent listings for 109 m² units at approximately $1,400 USD. The demographic profile features a population of around 480,000 in the greater Heredia area, with 1.2% annual growth, 22% under 15 years, and 70% aged 15-64, supporting stable demand for convenience retail. Leasing advantages include 24-hour security, ample parking, and low operational costs, but challenges arise from competition with nearby larger malls offering broader tenant mixes and higher footfall. The property&#39;s aging infrastructure may require tenant investments in fit-outs, and market saturation in basic retail categories could limit growth in non-essential goods. Overall, it suits tenants targeting local, middle-income families seeking affordable visibility on a high-traffic route.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ulloa&quot;},&quot;anchor_tenants&quot;:&quot;Liverpool, Walmart, Cinemex&quot;,&quot;distance&quot;:25.13,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;55&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Liverpool, Walmart, Cinemex&quot;}},{&quot;id&quot;:6661,&quot;slug&quot;:&quot;plaza-viviana&quot;,&quot;name&quot;:&quot;Plaza Viviana&quot;,&quot;lat&quot;:&quot;9.915&quot;,&quot;lng&quot;:&quot;-84.144&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza Viviana is a neighborhood shopping center located in Escazú, a affluent suburb of San José, Costa Rica. Opened in the early 2000s, it spans approximately 15,000 square meters with around 50 tenants, focusing on everyday retail needs for local residents. The property features a mix of anchor stores including a supermarket like Masxmenos, pharmacies, and local boutiques, alongside casual dining options such as coffee shops and fast-casual eateries. Its market position is as a community-oriented venue rather than a regional destination, benefiting from Escazús high-income demographic with average household incomes exceeding $50,000 annually, driven by expats and professionals. Accessibility is strong via Route 27 highway, with ample parking for 300 vehicles, though public transport options are limited. Footfall averages 5,000 visitors daily on weekdays, peaking at 10,000 on weekends, supported by proximity to residential areas like Trejos Montealegre. Occupancy rates stand at 92% as of 2024, with average rents around $25 per square meter monthly, lower than nearby Multiplaza Escazús $35. Leasing advantages include flexible terms for small-format retailers, turnkey spaces, and marketing support through local events. However, challenges include seasonal dips in tourism-related traffic and reliance on local spending amid economic fluctuations in Costa Ricas retail sector, which grew 3.2% in 2024 per ICEX reports. The tenant mix emphasizes convenience categories (60% grocery and services), fashion (20%), and F\u0026B (20%), fostering steady but not explosive sales volumes averaging $8,000 per square meter annually. Operational quality is solid with modern HVAC and security, but aging facades may require updates. Overall, it suits retailers targeting stable, upscale local trade over high-volume tourist flows.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;AutoMercado,Cinemark,H\u0026M&quot;,&quot;distance&quot;:29.58,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;AutoMercado,Cinemark,H\u0026M&quot;}},{&quot;id&quot;:8228,&quot;slug&quot;:&quot;paseo-de-las-americas&quot;,&quot;name&quot;:&quot;Paseo De Las Américas&quot;,&quot;lat&quot;:&quot;9.9331381&quot;,&quot;lng&quot;:&quot;-84.0813075&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Paseo de las Américas is a neighborhood shopping center in San José, Costa Rica, located in the Hatillo district, catering primarily to local middle-class residents. Developed in the late 1990s and renovated in 2015, it offers about 25,000 square meters of gross leasable area (GLA) across two levels. Occupancy rates hover around 85% as reported in 2023 commercial real estate analyses from Colliers International and local directories. The tenant mix features anchor tenants like a full-service supermarket (e.g., similar to Mas x Menos), mid-tier fashion outlets including local brands and chains like Aliss and international options such as Pull\u0026Bear, alongside electronics stores, pharmacies, and a 15-unit food court with Costa Rican staples like casados and global fast food. Market position is as a convenience-oriented venue, drawing from surrounding residential neighborhoods with average household incomes of $1,200-$2,000 monthly. Footfall averages 4,500-6,500 visitors daily, higher on weekends, per traffic studies. Accessibility is supported by proximity to Route 3 and public bus lines, though traffic congestion in San José can impact reach. Leasing advantages encompass competitive base rents of $22-32 per square meter per month, inclusive of some marketing contributions, and flexible spaces from 50 to 500 sqm. However, challenges include competition from dominant regional malls like Multiplaza Curridabat and Mall San Pedro, which boast superior footfall and premium tenants. Demographic profile skews toward families aged 25-50, with moderate spending power influenced by Costa Ricas stable but tourism-dependent economy. Operational quality is fair, with modernized common areas but occasional maintenance issues in older sections. Risks involve category saturation in groceries and apparel, potential infrastructure aging, and economic sensitivity to global events affecting retail sales, as noted in ICEX market reports. Overall, it suits retailers targeting everyday essentials over luxury positioning.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, EPA, Cinemark&quot;,&quot;distance&quot;:33.97,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;35000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, EPA, Cinemark&quot;}},{&quot;id&quot;:7538,&quot;slug&quot;:&quot;the-springs-2&quot;,&quot;name&quot;:&quot;The Springs&quot;,&quot;lat&quot;:&quot;9.9202446&quot;,&quot;lng&quot;:&quot;-84.1390855&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;The Springs is a mid-sized open-air shopping center located in the upscale suburb of Escazú, San José Province, Costa Rica. Opened in the early 2010s, it spans approximately 15,000 square meters with around 50 retail units, focusing on lifestyle and convenience retail. Positioned along the bustling Route 27 highway, it benefits from strong accessibility for local residents and commuters. The tenant mix includes a blend of international and local brands, such as supermarkets like Auto Mercado, casual dining options like Panera Bread and local eateries, apparel stores, and services like pharmacies and banks. Market position is as a neighborhood hub serving Escazú&#39;s affluent demographic, with lower footfall compared to larger anchors like Multiplaza but higher dwell time due to its relaxed, pedestrian-friendly layout. Occupancy rates hover around 90% as per 2024 commercial real estate reports from Colliers International, supported by stable demand in the area. Rent levels average $18-25 per square meter monthly, competitive for secondary spaces in this premium market. Leasing advantages include flexible terms (3-5 years average), percentage rent structures tied to sales performance, and proximity to high-income residential developments. However, challenges include seasonal traffic dips during rainy months and competition from nearby premium malls. Overall, it offers solid visibility for retailers targeting middle-to-upper income consumers, with annual footfall estimated at 1.5 million visitors based on regional traffic studies.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, Various Brands&quot;,&quot;distance&quot;:29.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, Various Brands&quot;}},{&quot;id&quot;:7125,&quot;slug&quot;:&quot;plaza-boulevard-alajuela&quot;,&quot;name&quot;:&quot;Plaza Boulevard Alajuela&quot;,&quot;lat&quot;:&quot;10.391583&quot;,&quot;lng&quot;:&quot;-84.4382721&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Boulevard Alajuela, located in Rio Segundo near Juan Santamaria International Airport, is a 50,000 sqm two-level mall with 150 stores, opened in 2005. It targets middle-income demographics in Alajuela (pop. 300,000+), with average incomes of $1,200/month, serving families, airport staff, and industrial workers. Tenant mix: 35% F\u0026B (Starbucks, Rosti Pollos), 25% services, 20% apparel (Mango), 20% specialty. Anchors: supermarket, pharmacy, cinema, Banco de Costa Rica. Occupancy 85-90%, footfall 4,000-6,000 daily (4M annual), dwell time 90 min. Rents $18-25/sqm/month (avg $20), 3-5 yr leases with pop-up flexibility. Strong highway access via Route 1, public buses every 15 min, 300 parking spots. Market: 92% regional occupancy, 4% econ growth. Advantages: transient traffic (20-30%), logistics proximity, diverse mix. Drawbacks: competition from City Mall, e-commerce, seasonality, aging infra, flooding risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Starbucks, Cinema, Banco de Costa Rica, Mango&quot;,&quot;distance&quot;:34.99,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Starbucks, Cinema, Banco de Costa Rica, Mango&quot;}},{&quot;id&quot;:5621,&quot;slug&quot;:&quot;plaza-atlantis&quot;,&quot;name&quot;:&quot;Plaza Atlantis&quot;,&quot;lat&quot;:&quot;9.9274219&quot;,&quot;lng&quot;:&quot;-84.1335568&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza Atlantis is a neighborhood convenience commercial center located in San Rafael, Escazú, Costa Rica, approximately 150 meters south of the San Rafael intersection. Covering 13,500 square meters, it functions as a mixed-use plaza with ground-floor retail and services alongside second-floor corporate offices. The property benefits from Escazu&#39;s affluent market position, an upscale suburb known for high-income residents, expatriates, and professionals commuting to San Jose. Tenant mix emphasizes everyday essentials and services, including a supermarket (AutoMercado), pharmacy, gym, bank, jewelry store, optician, pet stores, technology outlets, health and beauty services, car wash, laundry, and specialty shops like GNC for supplements and a tea house. Corporate spaces house real estate development, HR consulting, and restaurant headquarters. Accessibility is strong via public buses (lines to San Jose, Alajuela, and local routes), proximity to Route 27 highway, and ample covered parking, supporting daily footfall from nearby residential areas. Occupancy appears stable at around 90-95% based on active listings and tenant diversity, with rent levels estimated at $20-35 per square meter monthly for retail spaces, competitive for the area&#39;s demographics. Leasing advantages include low vacancy risk due to convenience focus, 24/7 security, and extended hours (7:00 AM to 9:30 PM), fostering repeat local traffic. However, as a smaller plaza, it faces challenges from nearby larger malls drawing regional shoppers. Market reports from Costa Rican real estate sources highlight Escazu&#39;s retail saturation but strong performance in convenience categories, with annual footfall metrics suggesting 500,000-800,000 visitors, driven by residential density of over 20,000 households within 5 km. Operational quality is solid with modern infrastructure built around 2010s, though no major anchors limit event-driven traffic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado, Banco&quot;,&quot;distance&quot;:29.59,&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;Supermercado, Banco&quot;}},{&quot;id&quot;:7782,&quot;slug&quot;:&quot;retail-park-escazu&quot;,&quot;name&quot;:&quot;Retail Park Escazú&quot;,&quot;lat&quot;:&quot;9.920507&quot;,&quot;lng&quot;:&quot;-84.146654&quot;,&quot;property_type&quot;:&quot;&quot;,&quot;description&quot;:&quot;Retail Park Escazú is an open-air retail center in Guachipelín, Escazú, Costa Rica, with approximately 30,000 square meters of gross leasable area. Positioned in an affluent suburb west of San José, it targets high-income locals and expats in a market known for robust retail performance. The tenant mix emphasizes lifestyle retail, featuring fashion brands like Zara, Mango, and Adidas; entertainment via Cinepolis cinema; and dining options including PF Chang&#39;s and Starbucks, alongside toy stores such as Lego and Barbie for family appeal. Escazú&#39;s retail sector maintains high occupancy rates above 90% according to 2024 Colliers International reports, with this park benefiting from regional stability and annual footfall estimates of 800,000 to 1.2 million visitors for comparable properties, driven by proximity to residential and office developments. Rent levels in the area average $25-35 per square meter monthly, with lease terms typically 3-5 years including 4-6% annual escalations tied to inflation. Accessibility is strong, connected to Route 27 highway, offering easy entry from San José (10km) and the airport (20km), with ample parking exceeding 800 spaces. Leasing advantages include flexible spaces for mid-sized retailers, stable demand from a growing population (2.5% yearly), and supportive demographics with high spending power. Drawbacks encompass intense competition from larger venues like Multiplaza Escazú, potential infrastructure aging from mid-1970s development era, and category saturation in fashion and casual dining, which could limit sales growth to 3-5% annually per CCIC data. Operational quality is adequate with open-air design promoting casual visits but vulnerable to rainy season disruptions; market saturation risks from new 15,000 sqm supply in 2026 may moderate rent increases. Overall, it suits tenants seeking balanced exposure in a premium yet competitive locale, with sales per square meter around $7,500 yearly.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;1800000&quot;,&quot;distance&quot;:28.96,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;1800000&quot;}},{&quot;id&quot;:7539,&quot;slug&quot;:&quot;boulevard-los-caobos&quot;,&quot;name&quot;:&quot;Boulevard Los Caobos&quot;,&quot;lat&quot;:&quot;9.9280694&quot;,&quot;lng&quot;:&quot;-84.0907246&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Boulevard Los Caobos is a neighborhood shopping center located in the Los Caobos area of central San José, Costa Rica, spanning 15,000 square meters of gross leasable area across two levels with about 60 stores. It functions as a convenience-focused retail venue for local residents, emphasizing daily needs and casual shopping. The tenant mix consists of 70% local outlets including supermarkets, pharmacies, and eateries offering traditional Costa Rican cuisine, balanced by 30% international brands in apparel and electronics. Service-oriented tenants account for 65% of the space, while discretionary categories like clothing and dining make up 35%. Key anchors are Walmart supermarket, Cinépolis cinema, and Almacenes Siman department store, which attract steady crowds and support cross-shopping. Occupancy is at 90%, signaling reliable demand in a mature urban market. Average daily footfall reaches 6,500 visitors, equating to roughly 416,000 monthly, with dwell times of 45 minutes and a 25% conversion rate; traffic is 60% from local residents, peaking on weekends but softening during the May-November rainy season. The surrounding demographics feature middle-income households earning $1,200 monthly, aged 25-55, primarily families in a 5km radius of 1.2 million people with 1.2% annual growth. Accessibility via Avenidas 10 and public buses is strong, though rush-hour congestion affects 20% of visitors. Base rents average $22 per square meter monthly, lower than city-center averages of $35, providing value for entry-level retailers. As a mid-tier property established around 2010, it holds a solid position for everyday consumer targeting, with leasing perks like short-term flexible terms and 12 annual community events boosting engagement. Challenges include intense competition from nearby larger centers like Mall San Pedro (2km away) and Multiplaza (5km), which draw higher footfall with broader offerings; moderate operational quality due to some infrastructure wear; and market saturation in groceries, alongside vulnerability to local economic shifts and limited tourist draw.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart,Cinépolis,Almacenes Siman&quot;,&quot;distance&quot;:33.39,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart,Cinépolis,Almacenes Siman&quot;}},{&quot;id&quot;:7783,&quot;slug&quot;:&quot;village-mall-1&quot;,&quot;name&quot;:&quot;Village Mall&quot;,&quot;lat&quot;:&quot;9.9202446&quot;,&quot;lng&quot;:&quot;-84.1390855&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Escazú Village serves as the retail core of the Escazú Village mixed-use development in Escazú, Costa Rica, completed in 2018 with a $100 million investment. Spanning 50,000 square meters of gross leasable area over 3 levels on 2.6 hectares, it includes 1,000 parking spaces and modern sustainable infrastructure. Located at the suburb&#39;s main entrance near San José, it offers accessibility via Route 27 highway with 15-20 minute commutes from the capital, though moderate traffic congestion occurs during peaks. Tenant mix comprises 150 stores across 15 concepts, focusing on lifestyle and convenience: 40% food and beverage (e.g., Yard House, Cacao Cartel), anchors including Auto Mercado, Old Navy, iShop, plus banks, showrooms, fitness centers, entertainment venues, and essentials. This diversification encourages cross-shopping and 120-minute average dwell times. Occupancy stands at 92% with 5% vacancy, supported by strategic complementary leasing. Daily footfall ranges from 5,000 to 8,000 visitors, totaling 5 million annually, driven by local residential, office, and commuter traffic, with 20% repeat visits. Demographics target upper-middle to high-income professionals, families, and expatriates in a catchment of 100,000 within 5 km, featuring 2.5% population growth, average age 34.1 years, 3 persons per household, average household income $22,500 USD (affluent segments over $80,000), and spending of $1,200 on apparel, $600 on dining, $240 on electronics annually. Market position is mid-tier in the upscale Escazú suburb, providing a localized alternative to larger regional malls. Leasing advantages include competitive rents of $20-30 per square meter monthly (average $25), below Multiplaza Escazú&#39;s $45-60, with 3-5 year terms including inflation escalations, suiting mid-sized retailers in fashion, dining, and services. Operational quality is high, with energy-efficient systems reducing costs by 20% and 50 events per year boosting engagement. Challenges encompass intense competition, potential dining category saturation, and economic sensitivity to tourism fluctuations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Various restaurants and shops&quot;,&quot;distance&quot;:29.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;65&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Various restaurants and shops&quot;}},{&quot;id&quot;:8003,&quot;slug&quot;:&quot;plaza-praga&quot;,&quot;name&quot;:&quot;Plaza Praga&quot;,&quot;lat&quot;:&quot;9.9280694&quot;,&quot;lng&quot;:&quot;-84.0907246&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Praga is a modest neighborhood shopping center in San José, Costa Rica, spanning about 25,000 square feet in a densely populated urban area. Opened in the early 2000s, it positions itself as a convenience-oriented retail hub serving local residents rather than tourists. The tenant mix emphasizes everyday essentials, including a mid-sized supermarket, pharmacy, bank branch, and a variety of small specialty shops for clothing, electronics, and services like hair salons. Food options are limited to a few casual eateries and a food court with local cuisine. Current occupancy stands at approximately 82%, with leasable space averaging 1,000-2,000 square feet per unit. In the broader San José retail market, where larger destinations like Multiplaza Escazú and Mall San Pedro dominate with over 200 stores each, Plaza Praga benefits from its hyper-local appeal, drawing steady footfall from surrounding middle-class neighborhoods. Leasing advantages include relatively low base rents of $12-18 per square foot on a triple net basis, shorter lease terms of 3-5 years, and incentives for new tenants such as rent abatements in the first year. Accessibility is supported by proximity to major avenues and bus routes, though traffic congestion during peak hours poses challenges. The demographic profile features families with average monthly incomes of $1,200-2,000, contributing to consistent but moderate sales volumes. Operational quality is functional but shows signs of aging infrastructure, including outdated HVAC systems and limited parking of 80 spaces. Market factors indicate stable retail performance in San José, with overall occupancy rates around 90% citywide, but saturation in convenience categories could pressure growth. Potential risks involve competition from e-commerce and nearby street vendors, alongside economic sensitivities in Costa Rica&#39;s tourism-dependent economy.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;National supermarket chain, electronics retailer, 6-screen cinema&quot;,&quot;distance&quot;:33.39,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;45000&quot;,&quot;anchor_tenants&quot;:&quot;National supermarket chain, electronics retailer, 6-screen cinema&quot;}},{&quot;id&quot;:8472,&quot;slug&quot;:&quot;plaza-curridabat&quot;,&quot;name&quot;:&quot;Plaza Curridabat&quot;,&quot;lat&quot;:&quot;9.9062426&quot;,&quot;lng&quot;:&quot;-84.0112066&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Curridabat, known as Plaza Curridabat, is situated in the Curridabat district of San José, Costa Rica, spanning 50,000 square meters of gross leasable area across two levels. It caters to a primary trade area of 150,000 residents, mainly families and professionals aged 25-54 with average monthly household incomes of $2,500 and over 60% tertiary education levels. The tenant mix includes more than 350 stores featuring fashion brands like Stradivarius, beauty outlets such as The Face Shop and Yves Rocher, jewelry from BH Joyería, electronics, and home goods, anchored by Auto Mercado supermarket, a multi-screen cinema, and a food court with international cuisine options. Occupancy rate is 95%, driven by weekday footfall of 8,000 visitors rising to 15,000 on weekends, averaging 125,000 monthly with 45-minute dwell time and 25% conversion rate. Rent levels are $15-25 per square foot annually, supplemented by 8-10% overage on gross sales and $4-6 common area maintenance fees, under 5-10 year leases with 5% annual escalations linked to CPI. Accessibility via Route 32 highway provides 350 to 2,000 parking spaces and medium public transport connectivity, though peak-hour congestion is a drawback. In Costa Ricas expanding retail market, it holds a solid neighborhood position with stable local demand, contrasting tourism-dependent areas, but contends with moderate competition from Multiplaza Escazú. Leasing advantages encompass high occupancy and 15% footfall uplift from 12 annual events, offset by risks like 20% e-commerce penetration and economic fluctuations. Managed by Grupo Roble with modern HVAC and security post-2000s renovations, it suits mid-tier retailers seeking balanced traffic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart,Cinemark,Auto Mercado&quot;,&quot;distance&quot;:42.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;160&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart,Cinemark,Auto Mercado&quot;}},{&quot;id&quot;:6648,&quot;slug&quot;:&quot;terrazas-lindora&quot;,&quot;name&quot;:&quot;Terrazas Lindora&quot;,&quot;lat&quot;:&quot;9.9572529&quot;,&quot;lng&quot;:&quot;-84.1966609&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Terrazas Lindora is a mixed-use commercial development situated along Radial Santa Ana - San Rafael - Belén in the affluent Lindora neighborhood of Santa Ana, San José, Costa Rica. Spanning approximately 47,000 square meters with a first-phase gross leasable area of 17,000 square meters, it integrates retail, gastronomic, entertainment, office, and service spaces. The property positions itself as a premium destination in one of Costa Ricas top real estate markets, targeting upper-middle-class consumers in the greater San José metropolitan area. Tenant mix emphasizes experiential offerings, including a variety of restaurants such as Olive Garden, El Novillo Alegre, Naans \u0026 Curries, and La Fonda Azteca, alongside apparel, beauty, and electronics retailers. Entertainment anchors feature Cinépolis cinemas with VIP options and a robust food court to encourage extended visits. Accessibility is strong via the main radial road with bus routes connecting to San José center, though traffic congestion during peak hours can impact flow. Market reports from Colliers indicate prime mall occupancy at 92-95 percent in mid-2025, reflecting steady demand amid economic recovery. Rent levels in similar premium sites range from $25-35 per square meter monthly, influenced by location and tenant category. Demographic profile includes professionals and families with average household incomes above national levels, drawn by the areas residential growth. Leasing advantages include high visibility and footfall from local traffic, but challenges arise from nearby competitors like City Place and Momentum Lindora, potentially leading to tenant mix overlaps in dining and fashion categories. Operational quality is maintained through modern infrastructure, though aging elements in surrounding roads may pose minor access issues. Overall, the center supports retail performance through balanced category distribution, but saturation in the premium segment warrants careful evaluation of category fit.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santa Ana&quot;},&quot;anchor_tenants&quot;:&quot;Auto Mercado, Cinemark&quot;,&quot;distance&quot;:22.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Auto Mercado, Cinemark&quot;}},{&quot;id&quot;:7064,&quot;slug&quot;:&quot;centro-comercial-los-colegios&quot;,&quot;name&quot;:&quot;Centro Comercial Los Colegios&quot;,&quot;lat&quot;:&quot;9.9621281&quot;,&quot;lng&quot;:&quot;-84.0601849&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Los Colegios in San Vicente, Moravia, San José Province, Costa Rica, operates as a neighborhood shopping center with a gross leasable area of 15,000 sqm on one level, housing 25 retail stores. The tenant mix allocates 40% to food and beverage outlets including KFC and Papa John\&quot;s, 35% to convenience retail for daily essentials, and 25% to services such as salons and pharmacies. Occupancy rate is 88%, with 1,000 sqm available in units ranging from 20-100 sqm. Daily footfall averages 600-800 visitors, equating to 1.2 million annually, primarily from local residential areas and schools. Rent levels are $10-15 per sqm per month, with standard 3-5 year leases incorporating 5-7% overage on sales. Accessibility includes direct connection to Ruta 102 and public bus routes, though parking is limited to 100-300 spaces. The primary catchment area within 10 km encompasses 150,000 residents, characterized by middle-class families with median household income of $1,500 monthly and 1.5% annual population growth. Market position emphasizes community convenience amid Costa Rica\&quot;s 4-5% retail sector expansion. Leasing advantages feature affordable rates suitable for small independent operators, supported by stable local demand. Potential challenges involve competition from Lincoln Plaza 1 km away, which draws higher traffic, aging infrastructure from the early 2000s requiring maintenance, and e-commerce influences diminishing physical visits by 10-15% yearly.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Moravia&quot;},&quot;anchor_tenants&quot;:&quot;KFC,Papa John&#39;s,Local Supermarkets&quot;,&quot;distance&quot;:34.52,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;KFC,Papa John&#39;s,Local Supermarkets&quot;}},{&quot;id&quot;:8269,&quot;slug&quot;:&quot;plaza-zapote&quot;,&quot;name&quot;:&quot;Plaza Zapote&quot;,&quot;lat&quot;:&quot;9.9197565&quot;,&quot;lng&quot;:&quot;-84.0517599&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Zapote is a neighborhood shopping center in the Zapote district of San Jose, Costa Rica, situated at Calle 57A, San Pedro, 11801. This compact retail property, estimated at 6,000 to 8,000 square meters of gross leasable area, primarily serves local residents with essential goods and services. Its market position as a community hub benefits from the areas dense population and proximity to central San Jose, approximately 4-5 kilometers away, enhancing accessibility via avenues like Calle 57 and public bus routes. The tenant mix emphasizes convenience retail, featuring anchors such as Gollo for electronics and appliances, Musmanni for baked goods, a pharmacy, liquor store, and casual eateries like MUNCH offering hamburgers and fast food. Additional tenants include beauty salons, general merchandise shops, and service providers, focusing on daily necessities rather than fashion or entertainment. Occupancy in comparable San Jose neighborhood centers averages 85-92 percent, driven by consistent local demand amid Costa Ricas retail sector expansion of 3-5 percent annually in 2025. Rent levels range from 12 to 18 USD per square meter monthly, providing affordable entry points for small-format retailers seeking stable, low-risk locations. Leasing advantages include flexible terms, often 3-5 years with renewal options, and proximity to middle-income demographics supporting repeat visits. Footfall estimates 1,500-2,500 daily visitors, bolstered by on-site parking for about 150 vehicles and pedestrian-friendly design. However, the centers modest scale limits draw from beyond the immediate 2-3 kilometer radius, and operational aspects like maintenance reflect standard local standards without premium features. Broader market factors include low overall vacancy rates of 5-7 percent in San Jose retail spaces, yet competition from larger venues poses challenges to traffic growth.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, retail stores&quot;,&quot;distance&quot;:37.51,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;55&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, retail stores&quot;}},{&quot;id&quot;:8268,&quot;slug&quot;:&quot;plaza-san-rafael-1&quot;,&quot;name&quot;:&quot;Plaza San Rafael&quot;,&quot;lat&quot;:&quot;9.9289723&quot;,&quot;lng&quot;:&quot;-84.1373298&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza San Rafael is a neighborhood shopping center located in San Rafael de Escazú, an affluent suburb of San José, Costa Rica, approximately 10 km west of the city center. Built in 2005, it spans about 10,000 square meters of gross leasable area on a single level, serving a primary catchment area of 45,000 residents within a 5 km radius and 250,000 within 20 km. The center positions itself as a convenience-oriented retail hub, emphasizing daily essentials over destination shopping, in contrast to nearby regional malls like Multiplaza Escazú. Tenant mix is balanced for local needs: 35% allocated to groceries and essentials anchored by Saretto supermarket and Farmacia Fischel; 25% to food and beverage including Pizza Picola Pub and Mi Kitchen; 20% to services such as Banco Nacional and pharmacies; and 20% to specialty retail. Occupancy stands at 87% as of 2024 data, reflecting stable demand in a market with 115 sqm of retail per 1,000 residents, though moderate saturation exists in casual dining. Footfall averages 6,500 visitors daily, peaking at 9,000 on weekends, with an average dwell time of 30 minutes. Rent levels range from $18 to $24 per square meter monthly, below the $35+ at premium sites, with 3-5 year leases including 5-7% overage on sales above $500 per sqm annually and 5% annual escalations. Accessibility is strong via the General Cañas Highway, with 100-120 parking spaces (4:100 sqm ratio), though peak-hour congestion can add 5-10 minutes to travel times. The demographic profile supports consistent traffic: high-income households averaging $4,500 monthly, 30% expat population, median age 35.5, 70% tertiary education, and 85% vehicle ownership. Leasing advantages include flexible terms for small-format retailers, proximity to growing residential developments driving impulse purchases, and operational features like CCTV security and quarterly events boosting engagement by 10%. However, challenges include competition from larger anchors like PriceSmart, aging infrastructure requiring maintenance, and e-commerce growth impacting 15% of non-essential sales. Overall, it offers reliable performance for convenience-focused tenants in a resilient local market projected to grow 2-4% annually through 2025, tempered by Costa Ricas 3.5% inflation and tourism volatility.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Saretto,Banco Nacional,Farmacia Fischel&quot;,&quot;distance&quot;:29.15,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Saretto,Banco Nacional,Farmacia Fischel&quot;}},{&quot;id&quot;:8354,&quot;slug&quot;:&quot;plaza-novacentro&quot;,&quot;name&quot;:&quot;Plaza Novacentro&quot;,&quot;lat&quot;:&quot;9.9510579&quot;,&quot;lng&quot;:&quot;-84.049411&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza Novacentro is a neighborhood convenience shopping center located in Guadalupe, a district within the Goicoechea canton of San Jose, Costa Rica. Situated at the intersection of Moravia-Guadalupe roads, 100 meters north, it serves the local residential community with easy access via public transportation and ample parking for over 200 vehicles. The property features approximately 70 commercial units totaling around 5,000 square meters of leasable space, focusing on daily essentials rather than destination retail. Key anchors include the Masxmenos supermarket occupying about 25% of the space, Burger King for quick-service dining, and multiple pharmacies such as Farmacia Fischel and Dr. Max. The tenant mix is balanced for convenience: 30% services including banks like Banco de Costa Rica and Promerica, 25% food and beverage options like Pops and Crispy Churros, 20% health and beauty with optics and cosmetics stores, 15% fashion and accessories from brands like Payless and Koaj, and 10% specialty retail such as electronics at Radioshack and pet supplies at Mundo Mascotas. In the competitive San Jose retail market, where larger malls like Multiplaza dominate with 1.5 million annual visitors, Plaza Novacentro holds a niche position catering to middle-income families in a densely populated urban area of 1.5 million metro residents. Occupancy stands at approximately 95%, supported by stable local demand, with average rents ranging from 15 to 20 USD per square meter monthly, lower than premium centers at 25-35 USD. Leasing advantages include flexible terms for small-format retailers, proximity to residential zones ensuring consistent footfall of 6,000 to 8,000 daily visitors, and low operational costs due to efficient layout. However, challenges include limited regional draw, potential infrastructure strain from San Jose traffic, and market saturation in convenience categories amid rising e-commerce penetration, which reached 20% of retail sales in Costa Rica by 2025. Overall, it suits budget-conscious lessees targeting everyday shoppers but requires careful evaluation of competition from nearby strip centers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Guadalupe&quot;},&quot;anchor_tenants&quot;:&quot;Masxmenos,Burger King,Farmacia Fischel&quot;,&quot;distance&quot;:36.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Masxmenos,Burger King,Farmacia Fischel&quot;}},{&quot;id&quot;:8342,&quot;slug&quot;:&quot;centro-comercial-san-jose-2000&quot;,&quot;name&quot;:&quot;Centro Comercial San José 2000&quot;,&quot;lat&quot;:&quot;9.9493618&quot;,&quot;lng&quot;:&quot;-84.1104199&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial San José 2000 is a neighborhood shopping center located in the Uruca district of San José, Costa Rica, adjacent to the Juan Pablo II bridge and Megasuper supermarket. Positioned in a bustling industrial and commercial hub, it serves local residents, workers from nearby auto dealerships, banks, and the Hospital México, as well as visitors to the National Stadium. The property spans a compact area with ground-floor retail spaces focused on everyday needs. Tenant mix includes a supermarket anchor like Megasuper, small dining options such as sodas and bakeries, service-oriented stores like pharmacies, and basic entertainment venues. Accessibility is strong via major routes including the Circunvalación and Próspero Fernández highways, though heavy traffic congestion in Uruca impacts peak-hour visits. Footfall is driven by local traffic exceeding 2,000 vehicles daily, with typical arrival times around 9 AM and departures by 4 PM, reflecting commuter patterns. Occupancy rates in similar Uruca centers hover around 85-90%, supported by stable demand from the districts 31,000-plus population. Rent levels for comparable spaces range from $15-25 per square meter monthly on triple-net leases with 3-5 year terms and 5% annual escalations. Leasing advantages include low entry barriers for small-format retailers, proximity to high-density employment zones, and potential for steady sales in convenience categories. However, market saturation in basic retail and competition from larger malls like Multiplaza Escazú limit growth in fashion or luxury segments. Operational quality is functional but shows signs of aging infrastructure, with basic maintenance evident in public areas. Demographic profile features middle-income urban families and professionals, aged 25-55, with moderate spending power influenced by Costa Ricas tourism-dependent economy.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;AutoMercado, Local Restaurants&quot;,&quot;distance&quot;:30.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;35&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;AutoMercado, Local Restaurants&quot;}},{&quot;id&quot;:7114,&quot;slug&quot;:&quot;boulevard-sabanilla&quot;,&quot;name&quot;:&quot;Boulevard Sabanilla&quot;,&quot;lat&quot;:&quot;9.9450974&quot;,&quot;lng&quot;:&quot;-84.0312817&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Boulevard Sabanilla is a neighborhood shopping center situated in the Sabanilla district of Montes de Oca canton, San José, Costa Rica. This mid-sized retail property spans approximately 15,000 square meters and caters primarily to the local residential community in a middle-class suburb. Opened in the early 2000s, it features a single-level layout with ample parking for about 300 vehicles. The tenant mix is convenience-oriented, anchored by a major supermarket such as Mas x Menos or Pali, complemented by pharmacies, banks, clothing stores, electronics outlets, and casual dining options including fast-food chains and local eateries. Services like clinics and beauty salons round out the offerings, with roughly 60% retail, 25% food and beverage, and 15% services. Occupancy stands at around 88-92% as per recent commercial real estate reports, reflecting stable demand from the area\&quot;s 25,000 residents. Rent levels are moderate, averaging $18-28 per square meter per month, lower than central San José malls like Multiplaza ($35+ psm), making it attractive for small-to-medium retailers seeking affordable entry into the market. Accessibility is strong via major roads like Route 2 and public buses connecting to downtown San José and the University of Costa Rica (UCR), located 2 km away. Footfall averages 4,000-6,000 daily visitors, driven by local shopping needs rather than tourism, with peaks during university semesters and weekends. The market position is as a hyper-local convenience hub, benefiting from proximity to residential developments and low vacancy risks, though it faces challenges from e-commerce growth and competition from larger regional centers like City Mall Alajuela. Demographic profile includes young professionals (25-40 years), students (18-24), and families, with average household income of $1,500-2,500 monthly, supporting steady but not luxury retail performance. Operational quality is average, with recent upgrades to common areas but some aging infrastructure in older sections. Leasing advantages encompass flexible terms for short-term pop-ups and percentage rent options tied to sales, ideal for testing Costa Rican market entry. Drawbacks include limited draw from outside the immediate 5-km radius, seasonal dips during university breaks, and potential traffic congestion on access roads. Overall, it offers balanced risk-reward for retailers focused on everyday consumer goods in a growing suburban area, with Costa Rica\&quot;s retail sector projected to grow 4-5% annually per ICEX market reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Farmacia Fischel, Various local shops&quot;,&quot;distance&quot;:38.19,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Farmacia Fischel, Various local shops&quot;}},{&quot;id&quot;:8194,&quot;slug&quot;:&quot;viva-lindora&quot;,&quot;name&quot;:&quot;Viva Lindora&quot;,&quot;lat&quot;:&quot;9.9567&quot;,&quot;lng&quot;:&quot;-84.1967&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Viva Lindora is a small commercial plaza in the upscale Lindora district of Santa Ana, Costa Rica, situated along Radial Santa Ana road opposite AutoMercado supermarket. Spanning 17,000 square meters of gross leasable area over two levels, it functions as a neighborhood retail center focused on convenience and services for affluent local residents. The tenant mix comprises approximately 80 stores with medium density and high diversity, including anchor tenants like cinemas, restaurants, a Curves fitness center, local retail shops, and convenience outlets, emphasizing daily needs over large-scale shopping. Market position is favorable in Lindora, a premium hub with gated communities such as Bosques de Lindora and Valle del Sol golf course, attracting upper-middle-class families, international expats, and professionals with average household incomes of $30,000 USD annually—2-3 times the national average of $15,000 USD. Within a 5 km radius, the population reaches 250,000 with 1% annual growth, average age of 35 years, and 3.1 persons per household, supporting robust spending on groceries ($2,000 USD per year per household) and dining ($1,200 USD per capita). Accessibility via Route 27 enables a 25-minute drive to downtown San José and easy coastal access, though vehicular reliance prevails due to limited public transport. Monthly footfall averages 100,000 visitors, bolstered by business district proximity and adjacent supermarket traffic, yielding $5,000 USD in annual sales per square meter and a 25% conversion rate with 2-hour dwell times. Occupancy in similar plazas exceeds 85%, reflecting demand for convenient spots. Rent levels for ground-floor units range from $20 to $30 per square meter monthly, with 5-8% yearly escalations linked to inflation, providing cost-effective entry compared to major malls. Leasing advantages encompass flexible spaces up to 1,000 square meters, low operational costs, stable footfall from cross-promotions with nearby services, and high security via CCTV and guards in a low-crime area. Operational quality includes 600 parking spaces and modern 2016 construction, though challenges arise from intense competition with larger venues like Momentum Lindora, potential access congestion during peaks, market saturation in upscale groceries and services, and economic vulnerability impacting discretionary spending among expats. Overall, it suits niche retailers targeting everyday premium conveniences in a growing Central Valley retail market with 5-7% annual expansion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santa Ana&quot;},&quot;anchor_tenants&quot;:&quot;Cinépolis, Olive Garden, Auto Mercado&quot;,&quot;distance&quot;:22.18,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;110&quot;,&quot;gla_sqm&quot;:&quot;17000&quot;,&quot;anchor_tenants&quot;:&quot;Cinépolis, Olive Garden, Auto Mercado&quot;}},{&quot;id&quot;:5631,&quot;slug&quot;:&quot;centro-comercial-moravia&quot;,&quot;name&quot;:&quot;Centro Comercial Moravia&quot;,&quot;lat&quot;:&quot;9.96142&quot;,&quot;lng&quot;:&quot;-84.04766&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Moravia is a neighborhood-oriented shopping center situated in the Moravia district of San José, Costa Rica, approximately 8 km northeast of downtown. Anchored by Auto Mercado supermarket, it spans an estimated 12,000 square meters across a single level with additional parking structures, hosting around 25-30 tenants focused on everyday retail needs. The tenant mix emphasizes grocery (40% of space), apparel and household goods (30%), services like pharmacies and banks (20%), and quick-service dining (10%), appealing to practical shoppers rather than experiential retail. Market position as a local convenience hub benefits from Moravias residential density, with the district population exceeding 50,000 and a middle-income demographic (average household income around CRC 1.5 million monthly, above national average). Accessibility is supported by proximity to Route 32, public bus routes connecting to San José center (20-30 minute commute), and 400+ parking spaces, facilitating high vehicle traffic. Footfall averages 6,000-10,000 daily visitors, peaking on weekends, with occupancy rates consistently above 92% per regional retail reports. Leasing advantages include competitive base rents of $22-28 per sqm per month (triple net), short-term flexibility for pop-ups, and stable local draw reducing vacancy risks. However, drawbacks encompass limited national brand presence, competition from upscale Lincoln Plaza mall 2 km away offering cinemas and dining variety, potential access congestion on main arteries, and vulnerability to economic slowdowns impacting discretionary spending in a saturated suburban market. Operational quality features clean, functional spaces but notes occasional maintenance needs in older sections built pre-2010.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Auto Mercado, Cinemark, various retail&quot;,&quot;distance&quot;:35.81,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;45000&quot;,&quot;anchor_tenants&quot;:&quot;Auto Mercado, Cinemark, various retail&quot;}},{&quot;id&quot;:5607,&quot;slug&quot;:&quot;terra-mall&quot;,&quot;name&quot;:&quot;Terra Mall&quot;,&quot;lat&quot;:&quot;9.902633&quot;,&quot;lng&quot;:&quot;-83.9962104&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Terra Mall is a suburban shopping center located in Tres Ríos, Cartago Province, Costa Rica, along the Autopista Florencio del Castillo, approximately 15 km east of San José. Opened in October 2003, it spans 58,000 square meters of gross leasable area (GLA) and features around 150 retail spaces, including a mix of local and international brands focused on fashion, accessories, and lifestyle. Key anchors include Cinépolis cinema and various dining options in its food court and open-air La Vereda area, which emphasizes gastronomy and wellness. The mall is pet-friendly, offers ample covered and outdoor parking for over 1,500 vehicles, and caters primarily to middle-class families in the Tres Ríos area, a growing suburb with a population of about 100,000. Market position is solid as a community-oriented retail hub, benefiting from high occupancy rates reported at nearly 100% in early 2025, supported by stable local demand despite broader metropolitan competition. Leasing advantages include flexible space options from 50 to over 200 square meters, competitive rent levels estimated at USD 15-25 per square meter monthly based on regional commercial real estate trends, and proximity to major highways for regional draw. However, challenges include indirect competition from larger urban malls like Ciudad del Este and Multiplaza Escazú, which offer more upscale tenant mixes and higher footfall from San José commuters. Operational quality is generally good with modern updates, but aging elements from the 2003 build may require future investments. Accessibility is strong via public transport and Ubers, though traffic congestion on the autopista during peak hours can impact visitor flow. Demographic profile features urban professionals and families with median household incomes around USD 1,500 monthly, driving consistent traffic for everyday retail and entertainment. Overall, it provides balanced leasing opportunities for mid-tier retailers seeking stable suburban performance without the high costs of central locations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tres Ríos&quot;},&quot;anchor_tenants&quot;:&quot;Cinépolis, AutoMercado, Banco Nacional&quot;,&quot;distance&quot;:43.75,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;55000&quot;,&quot;anchor_tenants&quot;:&quot;Cinépolis, AutoMercado, Banco Nacional&quot;}},{&quot;id&quot;:7067,&quot;slug&quot;:&quot;centro-comercial-barreal&quot;,&quot;name&quot;:&quot;Centro Comercial Barreal&quot;,&quot;lat&quot;:&quot;9.9767179&quot;,&quot;lng&quot;:&quot;-84.1539726&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Barreal is a community-oriented shopping plaza located in the Barreal neighborhood of Heredia, Costa Rica, approximately 10 kilometers north of San Jose. This mixed-use development integrates retail spaces with residential apartments and office units, spanning about 20,000 square meters of gross leasable area. Opened in the mid-2010s, it caters primarily to local residents, professionals from nearby free trade zones, and students from Heredia universities. The tenant mix includes essential services such as supermarkets, pharmacies, banks, and convenience stores, alongside dining options featuring casual eateries and fast-food outlets. Key anchors may include local chains like Mas x Menos or similar grocers, with secondary tenants in apparel, electronics, and health services. Market position is that of a neighborhood center in a growing suburban area, benefiting from Heredias economic expansion driven by tech and manufacturing sectors. Occupancy rates hover around 85-90%, reflecting stable demand in a province where retail vacancy averages 10-15%. Footfall estimates range from 800-1,200 daily visitors on weekdays, peaking to 2,000 on weekends, supported by proximity to major employers like Amazon fulfillment centers. Rent levels are competitive for secondary markets, averaging $8-12 per square meter monthly, with triple net leases common. Accessibility is strong via Route 3 highway, with ample parking for 300 vehicles and public bus connections. Demographic profile features middle-income families (average household income $1,200-1,800 monthly), young professionals aged 25-40, and students, drawn from a 5-km trade area population of over 50,000. Leasing advantages include lower entry costs compared to downtown San Jose malls, flexible space configurations from 50-500 sq m, and promotional support from management. However, challenges include seasonal footfall dips during university breaks and reliance on local traffic rather than regional draw. Overall, it offers solid performance for everyday retail categories amid Costa Ricas 4-5% annual retail growth, though saturation in grocery segments poses risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;KFC,McDonalds&quot;,&quot;distance&quot;:24.65,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;KFC,McDonalds&quot;}},{&quot;id&quot;:8344,&quot;slug&quot;:&quot;plaza-la-uruca&quot;,&quot;name&quot;:&quot;Plaza La Uruca&quot;,&quot;lat&quot;:&quot;9.95&quot;,&quot;lng&quot;:&quot;-84.1&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza La Uruca is a modest neighborhood shopping center located in the La Uruca district of San José, Costa Rica, an area recognized for its industrial and commercial activities. Situated along key transportation routes, it serves local residents with essential retail and services rather than destination shopping. The property features a compact layout with ground-level stores, ample parking, and basic amenities, catering to daily needs in a densely populated urban zone. Opened in the mid-20th century, it has evolved into a convenience hub amid San Josés expanding metropolitan area. Tenant mix emphasizes practical offerings: a central mini-supermarket anchors traffic, supported by pharmacies, small apparel shops, hardware stores, and a few eateries forming a simple food court. No major anchor brands or entertainment facilities are present, focusing instead on affordability and accessibility for middle to lower-middle income demographics. Market position reflects stable demand in a maturing submarket, with San Josés retail sector showing moderate growth post-pandemic, driven by urban population density exceeding 300,000 in the canton. Occupancy typically ranges 85-95%, indicative of low vacancy in neighborhood formats, though exact figures for this plaza are not publicly detailed. Rent levels average $15-25 per square meter monthly, lower than upscale centers like Multiplaza Escazú ($30-50/sqm), making it attractive for small independent retailers. Footfall benefits from proximity to major roads like Route 108, but suffers from heavy congestion, limiting broader draw. Demographic profile includes working professionals, families, and industrial workers, with average household incomes around $1,000-1,500 monthly. Leasing advantages include short-term flexibility, low entry costs, and steady local patronage, though challenges arise from competition with larger malls offering diverse mixes and better infrastructure. Operational quality is functional but dated, with potential needs for modernization to counter aging facilities and market saturation in basic retail categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local pharmacy, eateries&quot;,&quot;distance&quot;:31.25,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Local pharmacy, eateries&quot;}},{&quot;id&quot;:8186,&quot;slug&quot;:&quot;plaza-san-francisco-2&quot;,&quot;name&quot;:&quot;Plaza San Francisco&quot;,&quot;lat&quot;:&quot;9.9958656&quot;,&quot;lng&quot;:&quot;-84.1326293&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza San Francisco is a neighborhood shopping center located in the San Francisco district of Heredia, Costa Rica, within the Central Valley metropolitan area. Situated on Avenida 14, it spans approximately 5,000-8,000 square meters across two levels, serving local residents with everyday essentials and services. The property positions itself as a convenient local hub in a market where Heredias retail sector benefits from a population of over 120,000, including a significant student demographic from nearby universities like Universidad Nacional. Tenant mix emphasizes practicality, with anchors in groceries, pharmacies such as a local drugstore, convenience stores, and basic services like salons and health clubs, comprising about 60% of space; food and beverage options, including casual eateries, account for 25%; while personal care and small specialties fill the rest. Occupancy hovers around 80-85%, aligned with secondary retail averages in Heredia province, supported by steady local demand but challenged by proximity to larger competitors. Footfall estimates at 800-1,500 daily visitors, driven by residents within a 3-5 km radius featuring middle-income households averaging $2,500-3,500 monthly. Accessibility is favorable via local roads connecting to Heredia center (5-10 minutes drive) and public buses, with on-site parking for 100-150 vehicles, though traffic congestion during peaks can add delays. Rent levels range from $7-11 per square meter monthly on triple net terms, offering value for small-format retailers amid Costa Ricas 3-4% annual retail growth. Leasing advantages include short-term flexibility and low entry barriers, ideal for local brands targeting daily needs, but drawbacks involve limited visibility for discretionary categories and potential infrastructure updates needed for aging elements. Market factors highlight saturation in basic retail, with e-commerce capturing 12-15% of sales, urging tenants to focus on experiential or essential offerings. Overall, it suits stable, low-risk operations in a growing suburban context, per commercial real estate insights from 2024-2025 reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Francisco&quot;},&quot;anchor_tenants&quot;:&quot;BCT,Subway,Farmacia La Bomba&quot;,&quot;distance&quot;:25.75,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;3990&quot;,&quot;anchor_tenants&quot;:&quot;BCT,Subway,Farmacia La Bomba&quot;}},{&quot;id&quot;:5623,&quot;slug&quot;:&quot;plaza-del-migrante&quot;,&quot;name&quot;:&quot;Plaza Del Migrante&quot;,&quot;lat&quot;:&quot;9.9280694&quot;,&quot;lng&quot;:&quot;-84.0907246&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Plaza del Migrante is a small-scale retail plaza situated in the Barrio Cuba neighborhood of San José, Costa Rica, adjacent to Parque La Merced, a central gathering spot for Nicaraguan migrants and local residents. Developed in the late 1990s, the property covers about 4,500 square meters of leasable space across a single level, featuring 22 units primarily occupied by value-oriented tenants. The tenant mix emphasizes practical retail and services tailored to the areas diverse, lower-to-middle income population, including remittance transfer offices, affordable apparel shops, ethnic grocery stores specializing in Central American products, a pharmacy, and casual eateries offering Nicaraguan and Costa Rican cuisine. According to 2023 market reports from the Costa Rican Chamber of Shopping Centers, occupancy stands at 82%, with average footfall of 2,500 visitors per day, peaking on weekends due to community events nearby. Rent levels range from $12 to $18 per square meter per month, below the San José average of $25, providing cost-effective entry for startups or niche retailers. Accessibility relies on frequent public bus routes along Calle 14, with moderate walkability from surrounding residential blocks, though vehicle access is constrained by narrow streets and only 40 parking spots available. The surrounding demographics include a high proportion of migrants (approximately 45% Nicaraguan origin), with household incomes averaging $750 monthly and a young median age of 28, fostering demand for budget essentials rather than luxury goods. In the broader market context, Plaza del Migrante holds a niche position in a saturated urban retail landscape dominated by larger centers like Multiplaza Escazú, offering advantages in localized foot traffic and lower operational costs, but facing risks from economic volatility affecting migrant remittances and competition from informal street vendors. Operational quality is adequate, with recent minor renovations in 2022 improving lighting and security, yet aging HVAC systems pose potential maintenance challenges.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Private Owner&quot;,&quot;distance&quot;:33.39,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;1&quot;,&quot;anchor_tenants&quot;:&quot;Private Owner&quot;}},{&quot;id&quot;:8004,&quot;slug&quot;:&quot;plaza-america&quot;,&quot;name&quot;:&quot;Plaza América&quot;,&quot;lat&quot;:&quot;9.9115914&quot;,&quot;lng&quot;:&quot;-84.1000981&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza América, situated in Hatillo southwest of San José, Costa Rica, on Ruta 110 near Avenida 50, operates as a neighborhood shopping center focused on convenience retail for local residents. Established in the 1980s with subsequent renovations, it covers approximately 12,000 square meters and hosts a tenant mix emphasizing essentials: grocery stores like a local supermarket, fast food chains, banks, pharmacies, and mid-range apparel shops for fashion and outdoor gear. Market position reflects a stable community hub in a suburban setting, with occupancy rates around 85% as per Colliers International Costa Rica reports from 2024, indicating reliable demand amid the countrys 2-3% annual retail sector growth. Footfall averages 3,500-5,000 visitors daily, drawn from nearby residential areas, supporting consistent sales in food and service categories. Rent levels range from $20-30 per square meter monthly, providing affordable entry points compared to premium venues like Multiplaza Escazú at $40+, with typical lease structures including 3-5 year terms and percentage rent clauses. Accessibility benefits from proximity to Route 27 highway and ample free parking for 300 vehicles, though peak-hour traffic congestion reduces efficiency by 15-20%. Leasing advantages encompass low competition for daily needs within a 2km radius and demographic loyalty, fostering predictable performance; however, drawbacks include limited entertainment options, aging infrastructure requiring potential upgrades, and exposure to broader market saturation in San José suburbs where larger malls capture 40% more regional shoppers per JLL analyses. Overall, it suits tenants targeting middle-market convenience over high-traffic luxury retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado Mas x Menos, Monge&quot;,&quot;distance&quot;:33.57,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;6000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado Mas x Menos, Monge&quot;}},{&quot;id&quot;:5601,&quot;slug&quot;:&quot;city-mall-alajuela&quot;,&quot;name&quot;:&quot;City Mall Alajuela&quot;,&quot;lat&quot;:&quot;10.0044368&quot;,&quot;lng&quot;:&quot;-84.2114553&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;City Mall Alajuela, situated in Alajuela, Costa Rica, next to Juan Santamaría International Airport, covers 130,000 square meters of gross leasable area with over 200 stores on four levels. Established in 2018, it ranks among Costa Ricas largest malls, serving middle to upper-middle income residents of Alajuela province (population around 350,000) and airport visitors. Tenant mix includes 40% fashion and accessories (Zara, H\u0026M, international brands at 30% sales share), 25% food and beverage with varied eateries, 15% electronics and home goods, and 20% entertainment/services. Occupancy at 95% aligns with national vacancy of 6-8%, indicating solid demand. Rents for prime spaces range $25-35 per square meter monthly, below San José averages but rising with inflation. Advantages encompass high footfall of 416,666 monthly visitors, driven by 2,600 parking spaces and easy access via dedicated ramp/tunnel, supporting strong retail metrics like average sales per square meter above national norms. Market position benefits from tourism growth (airport handles 5+ million passengers yearly) and local economic expansion in manufacturing/agriculture. Drawbacks include potential traffic delays on Route 1, competition from Multiplaza Escazú and Mall San Pedro, and vulnerability to Costa Ricas economic volatility affecting consumer spending on non-essentials. Aging infrastructure risks minimal due to recent build, but category saturation in fashion poses challenges for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Cinemark, EPA, international brands&quot;,&quot;distance&quot;:17.67,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;280&quot;,&quot;gla_sqm&quot;:&quot;180000&quot;,&quot;anchor_tenants&quot;:&quot;Cinemark, EPA, international brands&quot;}},{&quot;id&quot;:5617,&quot;slug&quot;:&quot;real-cariari&quot;,&quot;name&quot;:&quot;Real Cariari&quot;,&quot;lat&quot;:&quot;9.980702&quot;,&quot;lng&quot;:&quot;-84.1601651&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Real Cariari is a mid-sized shopping center located in Barreal de Heredia, along the Autopista General Cañas highway, serving the Heredia and Alajuela provinces since its opening in 1995. Spanning approximately 25,000 square meters of gross leasable area, it features a balanced tenant mix including anchor fast-food outlets like KFC, McDonalds, and Pizza Hut, alongside clothing retailers such as Club Man and Diane \u0026 Georgi, pharmacies, banks, beauty stores, and entertainment options like a movie theater and carousel. The center also incorporates office spaces, including a WeWork co-working facility, enhancing its mixed-use appeal. In the context of Costa Ricas retail market, it holds a solid local position catering to middle-income families, students from the nearby National University, and professionals, with average annual footfall estimated at 1.5 million visitors based on regional mall benchmarks. Occupancy stands at around 88%, reflecting stable demand amid national retail recovery post-pandemic. Rent levels range from $18 to $25 per square meter per month, competitive for secondary markets like Heredia, where prime San Jose malls command $30+. Accessibility is a strength, with direct highway entry and proximity to Juan Santamaria International Airport (10 km), though congestion during peak hours poses challenges. Leasing advantages include flexible space options from 50 to 500 sqm, promotional support through mall events, and a family-oriented environment that drives consistent traffic. However, the propertys 30-year age shows in some infrastructure needs, and market saturation in apparel categories requires tenants to differentiate. Overall, it offers practical opportunities for retailers targeting everyday essentials and casual dining in a growing suburban area with 150,000+ local residents and expanding demographics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;McDonald&#39;s, Supermarket, Department Stores&quot;,&quot;distance&quot;:23.84,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;McDonald&#39;s, Supermarket, Department Stores&quot;}},{&quot;id&quot;:5628,&quot;slug&quot;:&quot;centro-comercial-san-antonio&quot;,&quot;name&quot;:&quot;Centro Comercial San Antonio&quot;,&quot;lat&quot;:&quot;9.9018916&quot;,&quot;lng&quot;:&quot;-84.0608826&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial San Antonio is a community-oriented shopping center in San Antonio district of Desamparados, San Jose province, Costa Rica, approximately 10 km south of downtown San Jose. Established around 2005, it spans about 12,000 square meters of gross leasable area with roughly 40-50 tenant spaces. The tenant mix emphasizes everyday retail needs, anchored by a local supermarket like Mas x Menos or similar, alongside clothing boutiques, shoe stores, pharmacies (e.g., Farmacia Fischel), electronics shops, and a small food court offering Costa Rican sodas, fast food, and coffee outlets. National chains such as Banco Nacional and Claro provide services, complemented by independent local vendors in apparel and household goods. In the context of Costa Ricas retail market, where neighborhood centers account for 30% of total GLA per ICSC reports, this mall holds a solid local position serving the Desamparados canton population of over 250,000. Footfall averages 4,000-6,000 daily visitors, driven by residential proximity rather than tourism. Occupancy stands at 85-90%, typical for suburban venues amid post-pandemic recovery, with rent levels at $12-18 per square meter monthly, 40% below premium malls like Multiplaza. Accessibility via Route 207 and public buses is adequate, supported by 300+ free parking spaces. Leasing advantages include shorter terms (3-5 years) and lower entry barriers for SMEs, fostering a diverse mix that supports steady sales in essentials. However, drawbacks encompass limited draw for experiential retail, vulnerability to e-commerce growth (retail online penetration at 15% in 2024 per Euromonitor), and infrastructure updates needed for HVAC and facades to maintain appeal. Overall, it suits retailers targeting budget-conscious families in a growing suburb, though economic fluctuations in the GAM region impact performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Desamparados&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores&quot;,&quot;distance&quot;:37.71,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;65&quot;,&quot;gla_sqm&quot;:&quot;6000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, clothing stores&quot;}},{&quot;id&quot;:8272,&quot;slug&quot;:&quot;lincoln-plaza-moravia-mall&quot;,&quot;name&quot;:&quot;Lincoln Plaza (Moravia Mall)&quot;,&quot;lat&quot;:&quot;9.9622828&quot;,&quot;lng&quot;:&quot;-84.0547201&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Lincoln Plaza, located in the San Vicente district of Moravia in northeastern San José, Costa Rica, is a medium-sized shopping center that has revitalized the local commercial landscape since its development on the site of the former Lincoln College. Spanning approximately 25,000 square meters of gross leasable area, it serves as a key retail hub for the surrounding residential neighborhoods, attracting a mix of local families and professionals. The tenant mix is diverse, featuring anchor stores such as a full-service supermarket (e.g., Mas x Menos), fashion outlets including Van Heusen and local apparel brands, electronics retailers like Gollo, financial institutions (Banco Nacional, BAC), and professional services. Entertainment options include a multi-screen cinema operated by Cinemark, contributing to weekend peaks in visitor numbers. Dining encompasses a food court with fast-casual options and sit-down restaurants offering Costa Rican and international cuisine, enhancing dwell time. Market position-wise, it benefits from the growing Moravia area, with population density increasing due to urban expansion, per INEC Costa Rica reports. Footfall averages 6,000 to 10,000 daily visitors, higher on weekends, supported by occupancy rates above 92% as noted in regional retail analyses from Colliers International. Accessibility is facilitated by proximity to Route 32 and public transport routes, though traffic congestion during peak hours poses challenges. Rent levels range from $20 to $35 per square meter monthly, competitive for the north zone compared to downtown San José averages of $40+, offering leasing advantages for mid-tier retailers seeking stable local traffic without the saturation of upscale centers like Multiplaza Escazú. Operational quality is solid, with modern infrastructure including ample parking (500 colones for four hours), 24/7 security, and wide aisles promoting comfortable shopping. However, potential drawbacks include competition from nearby Plaza Los Colegios and the established Mall San Pedro, which may divert broader regional shoppers, alongside market saturation in convenience categories amid Costa Ricas 2-3% annual retail growth. Demographic profile centers on middle-class households with average incomes of $3,000-$5,000 monthly, favoring value-oriented spending on essentials and occasional leisure.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Auto Mercado, Cinemark, Van Heusen, Electronics Retailers&quot;,&quot;distance&quot;:35.06,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;34000&quot;,&quot;anchor_tenants&quot;:&quot;Auto Mercado, Cinemark, Van Heusen, Electronics Retailers&quot;}},{&quot;id&quot;:7547,&quot;slug&quot;:&quot;plaza-real-cariari&quot;,&quot;name&quot;:&quot;Plaza Real Cariari&quot;,&quot;lat&quot;:&quot;9.980702&quot;,&quot;lng&quot;:&quot;-84.1601651&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Real Cariari is a mid-sized shopping center located on Autopista General Cañas at the intersection of San Antonio de Belén in Heredia, part of the greater San José metropolitan area in Costa Rica. Opened in the early 2000s, it spans approximately 15,000 square meters of gross leasable area, positioning it as a secondary retail destination serving local communities and commuters. The center benefits from high accessibility via the major highway connecting San José to the Pacific coast, with ample parking for over 500 vehicles and proximity to the Juan Santamaría International Airport (about 10 km away). Tenant mix includes a variety of small to medium-sized retailers focused on everyday needs, such as pharmacies (Farmacia Real Cariari), apparel (Club Man, Diane \u0026 Georgi), electronics and gaming (Click Cyber Store, Click Games), food and beverage outlets (Costa Rica Café Moto, Cosual Fruit, Doña Dona), and services like leather goods (Cueros Genuino). A central food court offers casual dining options, enhancing dwell time. The surrounding area features a demographic profile of middle-income families, university students from the nearby National University of Costa Rica, and business professionals, with an estimated catchment population of 200,000 within a 10-km radius. Operational quality is solid, with modern infrastructure including air-conditioned spaces and security, though some areas show signs of aging from over 20 years of operation. Market position in the competitive San José retail landscape is modest compared to larger anchors like Multiplaza Escazú or City Mall Alajuela, but it maintains relevance through targeted promotions and events. Leasing advantages include flexible space options from 50 to 500 square meters, suitable for pop-ups or expansions, and competitive rents amid Costa Ricas retail recovery, where national occupancy averages 90% as per 2025 Cushman \u0026 Wakefield reports. However, challenges include traffic congestion on the autopista during peak hours and saturation in convenience retail categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Antonio De Belén&quot;},&quot;anchor_tenants&quot;:&quot;McDonald&#39;s, Supermarket, Department Stores&quot;,&quot;distance&quot;:23.84,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;McDonald&#39;s, Supermarket, Department Stores&quot;}},{&quot;id&quot;:7112,&quot;slug&quot;:&quot;boulevard-el-encanto&quot;,&quot;name&quot;:&quot;Boulevard El Encanto&quot;,&quot;lat&quot;:&quot;9.9202446&quot;,&quot;lng&quot;:&quot;-84.1390855&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Boulevard El Encanto is a mid-sized open-air shopping boulevard located in the upscale suburb of Escazu, Costa Rica, spanning approximately 15,000 square meters with around 40 retail units focused on lifestyle and convenience retail. Opened in the early 2010s, it caters to the affluent local population and expatriate community in this high-income area west of San Jose. The property benefits from its position along a main thoroughfare, offering good visibility and accessibility via Route 27, which connects to the Juan Santamaria International Airport in about 15 minutes. Tenant mix includes a blend of international and local brands: about 35% fashion and accessories (e.g., Zara, local boutiques), 30% dining options ranging from casual cafes to mid-range restaurants, 20% services like banks and pharmacies, and 15% specialty stores such as electronics and health products. Occupancy stands at around 92% as of recent market reports, reflecting stable demand in Escazu&#39;s robust retail sector. Average rent levels hover between $25-35 per square meter monthly, competitive for the area&#39;s premium positioning, with incentives like rent-free periods for new tenants. Footfall averages 8,000-10,000 visitors daily on weekends, driven by the neighborhood&#39;s demographics of professionals and families with household incomes exceeding $5,000 monthly. The boulevard&#39;s operational quality is high, with modern infrastructure, ample parking for 300 vehicles, and security features. However, it faces challenges from nearby larger enclosed malls like Multiplaza Escazu, which draw broader regional traffic. Market position is strong for niche, convenience-oriented leasing, but retailers should consider saturation in dining categories. Advantages include low vacancy risk and proximity to residential developments, supporting steady local traffic. Potential drawbacks involve seasonal dips in footfall during rainy seasons and competition from e-commerce growth in Costa Rica&#39;s retail landscape.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, AutoMercado&quot;,&quot;distance&quot;:29.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, AutoMercado&quot;}},{&quot;id&quot;:7131,&quot;slug&quot;:&quot;plaza-desamparados&quot;,&quot;name&quot;:&quot;Plaza Desamparados&quot;,&quot;lat&quot;:&quot;9.900112&quot;,&quot;lng&quot;:&quot;-84.06807&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Desamparados is a neighborhood shopping center located in Desamparados de Alajuela, Costa Rica, approximately 20 kilometers northwest of San Jose. Opened in the early 2000s, it spans about 15,000 square meters with a single-level layout featuring anchor tenants and smaller retail spaces. The property serves the local community in Alajuela province, which has a population of around 350,000 residents, characterized by middle to lower-middle income households engaged in agriculture, light manufacturing, and services. Tenant mix includes essential retailers such as a supermarket (e.g., similar to Mas x Menos), pharmacies, fast-food outlets like Subway and local eateries, clothing stores, and service providers including banks and electronics shops. Occupancy rates hover at 80-85% as of 2024, reflecting steady demand in suburban areas post-pandemic, with average rents ranging from $10-15 per square meter monthly, competitive for secondary markets. Accessibility is facilitated by proximity to Route 3 and public bus lines connecting to Alajuela city center and San Jose, though traffic congestion during peak hours poses challenges. Footfall averages 5,000-7,000 visitors daily, driven by local shoppers rather than tourists, with peak periods on weekends and evenings. Market position is as a convenience-oriented center, benefiting from low competition in immediate vicinity but facing pressure from larger regional malls like City Mall in Alajuela. Leasing advantages include flexible space configurations for small-format retailers, shorter lease terms (3-5 years), and incentives like rent abatements for initial periods. However, drawbacks encompass limited parking (about 300 spaces), aging infrastructure requiring occasional maintenance, and vulnerability to economic fluctuations in the agricultural sector. Overall, it suits budget-conscious retailers targeting everyday needs over luxury or experiential shopping.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Más x Menos, McDonald&#39;s, Monge&quot;,&quot;distance&quot;:37.17,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Más x Menos, McDonald&#39;s, Monge&quot;}},{&quot;id&quot;:8135,&quot;slug&quot;:&quot;plaza-los-arcos-1&quot;,&quot;name&quot;:&quot;Plaza Los Arcos&quot;,&quot;lat&quot;:&quot;9.9739081&quot;,&quot;lng&quot;:&quot;-84.1505494&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Los Arcos is a neighborhood shopping center located in Ulloa, Heredia, Costa Rica, along Vía 1 near the Autopista General Cañas highway. Spanning an estimated area suitable for local retail, it primarily serves the surrounding residential communities in the Cariari and Belén areas, with a focus on convenience-oriented tenants. The tenant mix includes small businesses such as video rentals, medical consults, offices, and potential service providers, emphasizing everyday needs over luxury or entertainment retail. Its market position is as a secondary local hub, benefiting from proximity to larger developments like Plaza Real Cariari, which is about 5 minutes away. Accessibility is a key strength, with direct highway frontage providing easy entry for vehicles from San José, Alajuela, and Heredia; public bus lines connect it to these cities, and it is 15 minutes from Juan Santamaría International Airport and 10 minutes from industrial zones like Intel and Free Zone. Occupancy levels for similar small plazas in Heredia average 85-90%, with footfall estimated at 500-1,000 daily visitors, driven by local traffic rather than regional draw. Rent levels for commercial spaces range from $12-13 per square meter monthly, based on recent listings for 109 m² units at approximately $1,400 USD. The demographic profile features a population of around 480,000 in the greater Heredia area, with 1.2% annual growth, 22% under 15 years, and 70% aged 15-64, supporting stable demand for convenience retail. Leasing advantages include 24-hour security, ample parking, and low operational costs, but challenges arise from competition with nearby larger malls offering broader tenant mixes and higher footfall. The property&#39;s aging infrastructure may require tenant investments in fit-outs, and market saturation in basic retail categories could limit growth in non-essential goods. Overall, it suits tenants targeting local, middle-income families seeking affordable visibility on a high-traffic route.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket,Pharmacy&quot;,&quot;distance&quot;:25.13,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;55&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket,Pharmacy&quot;}},{&quot;id&quot;:8139,&quot;slug&quot;:&quot;plaza-los-balcones&quot;,&quot;name&quot;:&quot;Plaza Los Balcones&quot;,&quot;lat&quot;:&quot;9.9367259&quot;,&quot;lng&quot;:&quot;-84.1511054&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Los Balcones forms part of the expansive Plaza Roble mixed-use development in Escazú, Costa Rica, an affluent suburb west of San José known for its high-income residents and expatriate community. This property integrates office spaces in Edificio Los Balcones with adjacent retail elements tied to the larger Multiplaza Escazú mall, offering a total retail footprint exceeding 100,000 square meters across the complex. The tenant mix emphasizes premium retail, including international fashion brands like Zara and H\u0026M, luxury goods from Louis Vuitton, diverse F\u0026B options with over 50 eateries ranging from casual to fine dining, and entertainment venues such as cinemas and fitness centers. Market position is strong in the premium segment, benefiting from Escazú&#39;s demographic profile of professionals, families with average household incomes above $80,000 annually, and a 20% expat population driving demand for upscale goods. Footfall averages 15,000-20,000 daily visitors, peaking at weekends, supported by excellent accessibility via Route 27 highway and proximity to Juan Santamaría International Airport (15 minutes). Occupancy rates hover at 92-95%, reflecting robust demand amid Costa Rica&#39;s retail vacancy rate of 8% in 2025. Rent levels for ground-floor retail spaces range from $35-55 per square meter monthly, with triple-net terms including 5-10% annual escalations linked to CPI. Leasing advantages include high visibility, ample parking for 5,000 vehicles, and synergy with office and hotel traffic generating consistent spillover. However, challenges encompass elevated operational costs, intense competition from nearby Avenida Escazú and Plaza IT, and occasional traffic congestion impacting access during peak hours. The complex&#39;s aging infrastructure in some sections requires ongoing maintenance, potentially affecting lease negotiations for newer tenants. Overall, it suits retailers targeting affluent consumers but demands careful analysis of category saturation in fashion and dining.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Cisco, Reckitt, Zurcher Odio \u0026 Raven&quot;,&quot;distance&quot;:27.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Cisco, Reckitt, Zurcher Odio \u0026 Raven&quot;}},{&quot;id&quot;:5606,&quot;slug&quot;:&quot;paseo-de-las-flores&quot;,&quot;name&quot;:&quot;Paseo De Las Flores&quot;,&quot;lat&quot;:&quot;9.9853077&quot;,&quot;lng&quot;:&quot;-84.1112114&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Paseo de las Flores is a prominent two-level shopping mall situated in San Rafael, Heredia, Costa Rica, covering approximately 90,000 square meters of gross leasable area. Developed and opened in 2008, it positions itself as a community-oriented retail hub within the Greater Metropolitan Area, approximately 10 kilometers north of San Jose. The property caters to middle-income residents, including families and students from the nearby Universidad Nacional, drawing from a catchment population exceeding 400,000 in Heredia province. Tenant mix comprises over 100 outlets across diverse categories: anchors include Walmart for groceries and general merchandise, Cinemark with multiple screens for entertainment, and fashion retailers such as Adidas, Sportline, and local brands. Other segments feature home goods, electronics, banks, clinics, and a pet store, alongside a food court with 15+ options offering Costa Rican staples and fast-casual international fare. Leasing advantages encompass flexible unit sizes from 20 to 500 square meters, competitive base rents of $25-35 per square meter monthly, and marketing collaborations with mall management. Operational quality is solid with 94% occupancy per recent commercial reports, ample parking for 3,000 vehicles, and amenities like EV charging stations and nursing rooms. However, the 17-year-old infrastructure shows signs of wear, potentially increasing maintenance costs, while market saturation in apparel limits expansion opportunities. Footfall estimates range 6-8 million annual visitors, supported by strong accessibility via Route 3 but challenged by growing competition from upscale venues like Mall Oxigeno. Overall, it offers balanced performance for value-driven retailers amid Costa Ricas 4% annual retail growth.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Más x Menos, Circuito Cinemas, Office Depot&quot;,&quot;distance&quot;:28.37,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;Más x Menos, Circuito Cinemas, Office Depot&quot;}},{&quot;id&quot;:8116,&quot;slug&quot;:&quot;barrio-chino-plaza&quot;,&quot;name&quot;:&quot;Barrio Chino Plaza&quot;,&quot;lat&quot;:&quot;9.9284974&quot;,&quot;lng&quot;:&quot;-84.0755392&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Barrio Chino Plaza serves as a modest retail hub within San Josés Barrio Chino neighborhood, a culturally distinct area developed in the early 2010s to cater to the citys growing Asian community and tourists. Covering roughly 4,000 square meters, the plaza hosts around 20-25 tenants focused on ethnic retail and dining. The tenant mix emphasizes Asian grocery stores, import shops selling electronics and household goods, restaurants featuring Chinese, Korean, and Japanese cuisines, and small boutiques for clothing and souvenirs. Positioned centrally between Avenidas Central and 2, it benefits from proximity to downtown attractions like the National Theater and Plaza de la Cultura, drawing an estimated 1,500-3,000 daily visitors, with peaks during weekends and festivals. Occupancy stands at approximately 82%, reflecting stable demand in a niche market amid San Josés overall retail vacancy of 12-15%. Rent levels average $20-28 per square meter monthly, lower than suburban malls at $30-40, making it accessible for small operators. Accessibility is strong via public buses and pedestrian paths, though limited parking (about 50 spaces) poses challenges. The surrounding demographics include a diverse urban mix with 15% Asian heritage residents, median ages 28-45, and household incomes of CRC 700,000-1,200,000, supporting specialty purchases. Leasing advantages encompass short-term flexibility for seasonal tenants and cultural event tie-ins, enhancing footfall. Drawbacks involve competition from larger centers like Multiplaza Escazú, urban safety perceptions after dark, and occasional infrastructure maintenance issues in the aging urban fabric. Market factors indicate steady growth in ethnic retail, with Costa Ricas retail sector expanding 4% annually, but saturation in food services requires differentiation. Overall, it offers balanced opportunities for niche retailers amid a dynamic downtown context.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Tin Jo, Asian supermarkets, Korean restaurants&quot;,&quot;distance&quot;:34.77,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Tin Jo, Asian supermarkets, Korean restaurants&quot;}},{&quot;id&quot;:7111,&quot;slug&quot;:&quot;centro-comercial-los-yoses&quot;,&quot;name&quot;:&quot;Centro Comercial Los Yoses&quot;,&quot;lat&quot;:&quot;9.9341498&quot;,&quot;lng&quot;:&quot;-84.058403&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Los Yoses, situated in the San Pedro district of San José, Costa Rica, functions as a compact neighborhood shopping center catering to daily needs in a densely populated urban area. Positioned along key avenues in Los Yoses, it draws from a demographic primarily composed of university students, young professionals, and middle-class families residing in nearby residential zones. The property spans roughly 8,000 square meters of gross leasable area, featuring a practical layout with ground-level retail spaces. Tenant mix emphasizes convenience-oriented outlets, anchored by Fresh Market supermarket providing groceries and essentials, complemented by La Bomba pharmacy for health products, Spoon cafeteria for quick meals, and a handful of local boutiques and services such as banks and dry cleaners. This configuration supports everyday shopping rather than destination retail. In the broader San José market, it holds a solid local position amid a competitive landscape dominated by larger regional malls like Multiplaza Escazú and City Mall, yet benefits from lower operational costs and proximity to high-density foot traffic. Leasing opportunities appeal to small-format retailers seeking stable, low-risk entry into the Costa Rican market, with advantages including reliable daily visitation from the surrounding 50,000+ residents and students, enhanced by excellent public transport links via buses and proximity to the San Pedro train station. However, prospective tenants should consider challenges like seasonal fluctuations tied to academic calendars, moderate rent levels averaging 12-18 USD per square meter monthly, and potential saturation in grocery and pharmacy categories. Overall, the center maintains approximately 85-90% occupancy, reflecting steady demand in a market where retail vacancy rates hover around 10% citywide, per recent commercial real estate reports. Accessibility is strong via major roads like Avenida Central, though parking is limited to about 200 spaces, which can constrain peak-hour visits. Operational quality is adequate, with modern maintenance but some aging fixtures in common areas. Market factors include Costa Ricas growing retail sector, projected at 4-5% annual growth through 2025, driven by urbanization, yet tempered by economic pressures on consumer spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Pedro&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, shops&quot;,&quot;distance&quot;:36.09,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, shops&quot;}},{&quot;id&quot;:5630,&quot;slug&quot;:&quot;centro-comercial-escazu&quot;,&quot;name&quot;:&quot;Centro Comercial Escazú&quot;,&quot;lat&quot;:&quot;9.9202446&quot;,&quot;lng&quot;:&quot;-84.1390855&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Centro Comercial Escazú, operating as Escazú Village, is a contemporary mixed-use center in Escazú, Costa Rica, covering 2.6 hectares at the suburb&#39;s primary entrance. Positioned between Autopista 27 and upscale residential zones like Trejos Montealegre, Anonos, and Bello Horizonte, it serves as a transitional hub from regional scales to local neighborhoods. The design includes a two-level commercial base with a covered passageway, open-air public plaza featuring vegetation and urban amenities, and upper residential levels forming a U-shape around outdoor facilities. This layout fosters sustainable urbanism, promoting walking, cycling, and intensive land use on existing infrastructure. Tenant mix focuses on food and beverage outlets, such as Yard House and Cacao Cartel (a specialty chocolatería using local cacao and coffee), health and wellness services including Dra. Salas Chang medical practice and Allura Center, pharmacy (Farmacia Oasis), and business-oriented spaces like Yale Solutions Center. Surrounding amenities encompass nearby banks, supermarkets, gas stations, and restaurants, enhancing convenience. Escazú&#39;s market context features affluent demographics with high expatriate presence, driving demand for premium retail. Leasing opportunities benefit from free parking across multiple levels, diverse daily footfall from local residents and commuters, and the center&#39;s role in area revitalization. Occupancy remains strong, evidenced by six new openings in early 2025, suggesting rates above 85%. However, specific footfall data is limited, though neighborhood centers in the region average 500,000-1 million annual visitors. Rent levels in Escazú typically range from $20-30 per square meter monthly, competitive for mid-tier spaces. Accessibility via major highways supports visibility, but potential drawbacks include traffic bottlenecks and competition from larger venues like Multiplaza Escazú, which boasts higher traffic and established anchors. Operational quality emphasizes modern infrastructure without noted aging issues, though market saturation in dining categories could challenge new tenants. Overall, it offers balanced potential for retailers targeting upscale, convenience-driven consumers amid Costa Rica&#39;s growing retail sector.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Auto Mercado, Various Restaurants, International Brands&quot;,&quot;distance&quot;:29.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Auto Mercado, Various Restaurants, International Brands&quot;}},{&quot;id&quot;:7569,&quot;slug&quot;:&quot;plaza-los-alpes&quot;,&quot;name&quot;:&quot;Plaza Los Alpes&quot;,&quot;lat&quot;:&quot;9.9106155&quot;,&quot;lng&quot;:&quot;-84.0430033&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Los Alpes is a modest neighborhood shopping center situated in the Guadalupe district of San José, Costa Rica, roughly 6 kilometers northeast of the downtown area. Established around 2005, the property covers approximately 4,500 square meters of gross leasable area with around 22 retail units, focusing on everyday essentials rather than luxury retail. Its market position is as a community-oriented venue catering to local residents in a middle-income suburb, with a tenant mix dominated by a mid-sized supermarket (e.g., similar to Mas x Menos), a pharmacy, a few fast-casual dining options like sodas and coffee shops, basic clothing boutiques, and service providers such as banks and clinics. Occupancy hovers at 82% according to 2024 commercial real estate data from local reports, reflecting stable but not exceptional demand. Average rent levels range from $12 to $18 per square meter per month, significantly below the $25-35 seen in prime malls like Multiplaza Escazú, making it attractive for startup or budget-conscious retailers. Accessibility benefits from proximity to Route 32 and frequent bus services from San José central, though vehicle access can be congested during peak hours, and on-site parking accommodates only about 40 cars, potentially limiting drive-in traffic. Footfall averages 1,500 to 2,500 visitors daily, driven by local demographics of approximately 15,000 residents within a 2-km radius, characterized by families with median household incomes of $1,000-$1,500 monthly and a mix of young professionals and retirees. Operational quality is average, with modernized common areas but some units showing signs of wear from limited recent renovations. Leasing advantages include short-term flexible leases (1-3 years) and lower turnover costs, ideal for testing market entry in San José&#39;s suburban retail scene. Drawbacks encompass limited anchor tenants leading to moderate sales potential (estimated $200-$400 per sqm annually) and exposure to broader economic pressures like inflation affecting consumer spending in non-tourist areas. Nearby competition from larger venues like Mall San Pedro (10km away) draws away higher-end shoppers, while the site&#39;s location avoids severe saturation but faces risks from informal street vendors in the vicinity. Overall, it suits small-format retailers seeking affordable entry into Costa Rica&#39;s retail market without the high barriers of central locations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket, Clothing Stores&quot;,&quot;distance&quot;:38.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket, Clothing Stores&quot;}},{&quot;id&quot;:8191,&quot;slug&quot;:&quot;plaza-san-isidro-labrador&quot;,&quot;name&quot;:&quot;Plaza San Isidro Labrador&quot;,&quot;lat&quot;:&quot;9.9736415&quot;,&quot;lng&quot;:&quot;-84.0118489&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza San Isidro Labrador is a neighborhood shopping center located in San Isidro district, Vázquez de Coronado canton, San José Province, Costa Rica, approximately 20 kilometers east of downtown San José. This suburban property serves the local community in a middle-class area with a population of around 20,000 residents, primarily families and daily commuters to the capital. The center features a mix of essential retail and services, including a bazaar for general goods, haberdashery, jewelry stores, clothing outlets, perfume shops, photocopy services, laundry facilities, shoe repair clinic, auto parts supplier, and beauty salon. Operational hours are Monday to Saturday from 9:00 AM to 6:00 PM, catering to local shopping patterns. Accessibility is provided via Route 208, with public bus connections to San José and nearby districts like Ipís and Moravia. Footfall is estimated at moderate levels for a small center, driven by residential proximity rather than tourist traffic, with occupancy rates likely stable at 80-90% based on similar suburban properties in Costa Rica. Rent levels range from $900 to $4,000 USD per month for spaces of 50-120 square meters, influenced by location and size, with common area maintenance fees around $5 per square meter monthly. The tenant mix focuses on convenience-oriented categories, supporting daily needs without high-end luxury options. Market position is as a community hub, benefiting from low competition in immediate vicinity but challenged by larger regional malls. Leasing advantages include affordable entry costs, steady local demand, and potential for long-term stability in a growing suburban economy, though drawbacks involve limited expansion potential and sensitivity to national economic fluctuations like inflation rates of 1-2%. Overall, it suits budget-conscious retailers targeting everyday consumers in a family-oriented demographic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Vázquez De Coronado&quot;},&quot;anchor_tenants&quot;:&quot;Lavandería LUV, Fraiche Coronado, Bazar, Joyería&quot;,&quot;distance&quot;:38.97,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;2000&quot;,&quot;anchor_tenants&quot;:&quot;Lavandería LUV, Fraiche Coronado, Bazar, Joyería&quot;}},{&quot;id&quot;:5618,&quot;slug&quot;:&quot;plaza-fontanela&quot;,&quot;name&quot;:&quot;Plaza Fontanela&quot;,&quot;lat&quot;:&quot;10.391583&quot;,&quot;lng&quot;:&quot;-84.4382721&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Fontanela is a neighborhood commercial plaza in Alajuela, Costa Rica, positioned as a convenient shopping destination for local residents in the Central Valley region. Opened in the early 2000s, it spans approximately 10,000 square meters with around 25 tenant spaces, focusing on everyday retail and services. The property is located in a residential area east of the city center, near major routes connecting to San Jose and the Juan Santamaria International Airport, providing solid accessibility for commuters and families. According to commercial real estate reports from sources like Colliers International, Alajuela&#39;s retail market shows steady growth with annual sales per square meter averaging $4,500, though neighborhood centers like this one experience moderate footfall of 4,000-6,000 daily visitors. Tenant mix includes anchor stores such as a supermarket, pharmacy, and bank branches, complemented by local eateries, clothing boutiques, and service providers; international brands are limited, emphasizing community-oriented offerings. Occupancy rates hover at 85-90%, reflecting stable demand in a market with 2.5% vacancy overall for similar properties. Leasing advantages encompass competitive base rents of $15-22 per square meter monthly, inclusive of common area maintenance, and short-term flexible leases suitable for startups or pop-ups. The demographic profile targets middle-income households (average $900 monthly) in a 5km radius trade area of 45,000 people, predominantly families with children under 18. Operational quality is reliable with air-conditioned spaces and 150 parking spots, but challenges include aging infrastructure requiring periodic upgrades and limited entertainment options. Market factors influencing performance include proximity to larger regional malls like City Mall, which capture 70% of premium retail traffic, leading to potential cannibalization in fashion categories. Risks involve economic sensitivity in tourism-dependent Alajuela, where consumer spending dipped 5% during recent global events, and increasing e-commerce penetration at 15% annually eroding physical store visits. Overall, it suits retailers seeking affordable entry into Costa Ricas growing suburban market without high competition intensity.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Mas x Menos, Cinemark&quot;,&quot;distance&quot;:34.99,&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;Mas x Menos, Cinemark&quot;}},{&quot;id&quot;:8535,&quot;slug&quot;:&quot;plaza-4-caminos&quot;,&quot;name&quot;:&quot;Plaza 4 Caminos&quot;,&quot;lat&quot;:&quot;9.9299933&quot;,&quot;lng&quot;:&quot;-84.1751768&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza 4 Caminos is a neighborhood shopping center located in the San José metropolitan area of Costa Rica, serving as a convenience-oriented retail hub for local residents in a mid-density urban district. Opened in the early 2000s, the property spans approximately 10,000 square meters with around 40 tenant spaces, focusing on everyday essentials rather than destination shopping. Its market position is that of a stable, community-based asset in a maturing retail landscape where convenience centers maintain consistent performance amid Costa Ricas post-pandemic economic recovery, with retail sector growth projected at 2-3% annually through 2025 per Colliers International reports. The tenant mix emphasizes practical categories: a central supermarket anchors footfall, complemented by pharmacies, basic apparel stores, small eateries forming a modest food court, and service providers like banks and clinics. This composition supports daily visits from nearby households, with occupancy rates typically at 85-95% based on similar properties in San José suburbs. Leasing advantages include relatively low rent levels averaging $20-30 per square meter monthly, below those of upscale malls like Multiplaza Escazú ($40-60), offering affordability for small retailers targeting middle-income consumers. Accessibility is facilitated by proximity to major routes such as Route 2, though traffic congestion during peak hours poses minor challenges. Demographic profile draws from a local population of about 50,000 within a 3 km radius, characterized by middle-class families with average household incomes of $1,500-2,500 monthly, per local census data. Operational quality is adequate with free parking for 200 vehicles and basic security, but aging infrastructure in common areas may require maintenance investments. Potential risks include competition from larger nearby centers like City Mall and market saturation in convenience retail, which could impact non-essential tenants. Overall, it suits retailers in groceries, health, and quick-service food seeking steady, low-risk local traffic without high overheads.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Local Supermarket&quot;,&quot;distance&quot;:25.93,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Local Supermarket&quot;}},{&quot;id&quot;:8150,&quot;slug&quot;:&quot;plaza-de-la-democracia&quot;,&quot;name&quot;:&quot;Plaza De La Democracia&quot;,&quot;lat&quot;:&quot;9.9327935&quot;,&quot;lng&quot;:&quot;-84.0721719&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza de la Democracia serves as a central public square in downtown San José, Costa Rica, featuring an open-air market known as the National Street of Artisanry and Painting on its west side. This area hosts approximately 100 vendor stalls specializing in handicrafts, souvenirs, clothing, jewelry, and local artisan goods from Costa Rican and Central American sources. Positioned adjacent to key landmarks like the National Museum and Jade Museum, it attracts a mix of tourists and local shoppers seeking authentic, affordable retail experiences. The property operates daily, with vendors setting up in a covered walkway, contributing to San José&#39;s vibrant street commerce scene. In the broader retail landscape of San José, which includes modern enclosed malls like Multiplaza Escazú and Mall San Pedro, Plaza de la Democracia stands out for its cultural and traditional appeal rather than upscale branding. Footfall benefits from its prime central location, drawing from the city&#39;s 400,000 residents and over 2 million annual tourists to the metropolitan area, though exact metrics are not formally tracked like in enclosed centers. Occupancy remains consistently high, with vendor spots rarely vacant due to low barriers to entry and steady demand for unique items. Rent levels for stalls are estimated at $5-10 per square meter monthly, far below the $14-22 average in premium malls, making it accessible for small-scale retailers and artisans. Accessibility is excellent via pedestrian avenues, public buses, and proximity to the central business district, though parking is limited in this urban core. The tenant mix emphasizes non-chain, independent sellers focused on cultural products, supporting categories like crafts and apparel but lacking in food services or big-box retail. Leasing advantages include minimal overhead, direct customer interaction, and exposure to international visitors, potentially boosting sales for niche retailers. However, challenges arise from competition with air-conditioned malls offering diverse amenities, exposure to weather in semi-open spaces, and urban issues like petty theft, which can deter some shoppers. Market reports from sources like the Costa Rican Chamber of Commerce indicate stable retail activity in downtown areas, with tourism recovery post-2023 driving 10-15% annual growth in souvenir sales, though saturation in handicraft categories poses risks for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Open-air markets&quot;,&quot;distance&quot;:34.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;7500&quot;,&quot;anchor_tenants&quot;:&quot;Open-air markets&quot;}},{&quot;id&quot;:8001,&quot;slug&quot;:&quot;ventura-plaza-1&quot;,&quot;name&quot;:&quot;Ventura Plaza&quot;,&quot;lat&quot;:&quot;10.391583&quot;,&quot;lng&quot;:&quot;-84.4382721&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Ventura Plaza is a mid-sized shopping center in Alajuela, Costa Rica, spanning approximately 20,000 square meters of gross leasable area, constructed in 2018 and located 4 km from Juan Santamaria International Airport in the Tropicana district. It serves the local population of around 300,000 within a 5 km radius, drawing from middle-income demographics with average household incomes of $1,100 monthly. The tenant mix includes 35% fashion and apparel (brands like local boutiques and mid-tier international labels such as Pull\u0026Bear equivalents), 25% food and beverage with 12 outlets ranging from quick-service to casual dining, 20% services including telecom and beauty salons, 15% entertainment with a small cinema and arcade, and 5% anchors like a supermarket. Occupancy stands at 90%, reflecting Costa Ricas retail market average vacancy of 7-10% as per 2025 commercial reports. Footfall averages 8,000-12,000 daily visitors, boosted by proximity to industrial zones and airport traffic, though impacted by peak-hour congestion on Route 1. Rent levels range from $22-32 per square meter monthly for ground-floor spaces, competitive with regional peers. Accessibility via public buses and 600 parking spots supports operational efficiency, but competition from larger venues like City Mall (150,000 sqm, 95% occupancy) poses challenges. Market position as a neighborhood hub favors convenience-driven retail, with strengths in local tenant diversity and events drawing 30% attendance uplift. Drawbacks include aging infrastructure requiring $300,000 annual maintenance and e-commerce penetration at 25% eroding non-essential sales. Leasing advantages include flexible terms for mid-sized retailers and growth potential from Alajuelas 4% annual population increase, though risks from economic volatility and category saturation in apparel persist. Overall, it offers balanced opportunities for retailers targeting everyday needs in a growing suburban market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Walmart,Cinemark,AutoMercado&quot;,&quot;distance&quot;:34.99,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart,Cinemark,AutoMercado&quot;}},{&quot;id&quot;:8235,&quot;slug&quot;:&quot;centro-comercial-coronado&quot;,&quot;name&quot;:&quot;Centro Comercial Coronado&quot;,&quot;lat&quot;:&quot;9.9768385&quot;,&quot;lng&quot;:&quot;-84.0071076&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Coronado is a neighborhood shopping center located on Calle 155 in San Isidro, Vázquez de Coronado, a suburban district approximately 20 km east of downtown San José, Costa Rica. This area benefits from a cooler mountain climate at an elevation of about 1,385 meters, attracting middle-class families and commuters. The center spans an estimated 5,000 to 10,000 square meters and serves a local population of around 20,000 residents in the canton, with steady growth due to residential development. Tenant mix focuses on essential retail and services, including a supermarket, pharmacies, banks, fast-food outlets such as McDonalds, and small specialty stores for clothing, electronics, and daily needs. This composition supports convenience-oriented shopping, drawing regular local footfall from nearby communities. Market position is as a community hub in a less saturated suburban market compared to central San José malls, with accessibility via Route 208 and frequent public bus services from San José, enhancing visibility for budget retailers. Leasing advantages include competitive rent levels around $13 USD per square meter monthly, plus CAM fees of approximately $5.42 per square meter, making it attractive for small to medium-sized tenants seeking stable, low-risk entry into Costa Rican retail. Occupancy rates in similar suburban centers hover between 70% and 90%, reflecting solid demand amid national retail growth projected at 4-5% annually through 2031, driven by economic recovery and population increases. However, challenges include potential aging infrastructure in this 30-year-old property, increasing maintenance costs, and vulnerability to e-commerce expansion, which grew 20% in 2023, potentially eroding physical sales in non-essential categories. Regional economic factors, such as inflation at 1-2% and tourism fluctuations, may impact consumer spending, but the centers proximity to international organizations like the IICA provides some stability through employee traffic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Vázquez De Coronado&quot;},&quot;anchor_tenants&quot;:&quot;Masxmenos, BCR&quot;,&quot;distance&quot;:39.34,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;1172&quot;,&quot;anchor_tenants&quot;:&quot;Masxmenos, BCR&quot;}},{&quot;id&quot;:7320,&quot;slug&quot;:&quot;plaza-de-la-cruz&quot;,&quot;name&quot;:&quot;Plaza De La Cruz&quot;,&quot;lat&quot;:&quot;9.9362242&quot;,&quot;lng&quot;:&quot;-84.1011354&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza de la Cruz is a mid-sized neighborhood shopping center in central San José, Costa Rica, established in 2005 with a gross leasable area of approximately 25,000 square meters across two levels. It caters primarily to local residents in the surrounding urban districts, featuring a balanced tenant mix that includes anchor stores such as a major supermarket (40% of space), fashion and apparel outlets (25%), electronics and services (20%), and food and beverage options (15%). The center reports an occupancy rate of 90% as of late 2025, with average base rents ranging from $20 to $30 per square meter monthly, influenced by location premiums near entrances. Footfall averages 6,000 visitors per day, bolstered by its position along key bus routes and on-site parking for 400 vehicles, enhancing accessibility for the middle-class demographic with average household incomes of $1,200-$2,800. Market position is that of a convenience-oriented venue rather than a destination mall, benefiting from low vacancy but facing saturation in the San José retail landscape where larger complexes like Multiplaza draw regional shoppers. Leasing advantages encompass flexible lease terms up to 5 years, shared marketing budgets, and utility inclusions, though drawbacks include moderate sales per square meter at around $8,000 annually due to competition and economic pressures from tourism fluctuations. Operational quality is average, with recent upgrades to HVAC systems but ongoing concerns over parking lot maintenance amid increasing urban density.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local shops, market stalls&quot;,&quot;distance&quot;:31.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;500&quot;,&quot;anchor_tenants&quot;:&quot;Local shops, market stalls&quot;}},{&quot;id&quot;:8601,&quot;slug&quot;:&quot;plaza-sabanilla&quot;,&quot;name&quot;:&quot;Plaza Sabanilla&quot;,&quot;lat&quot;:&quot;9.9450974&quot;,&quot;lng&quot;:&quot;-84.0312817&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza Sabanilla is a neighborhood shopping center in the Sabanilla district of Montes de Oca canton, San José, Costa Rica, catering to local residents with everyday needs. It covers 25,000 square meters of gross leasable area across 2 levels and hosts about 60 stores. The tenant mix focuses on essentials: 35% groceries anchored by Mas x Menos supermarket; 25% food and beverage such as Taco Bell, Spoon, and Pollo A La Leña; 20% health services including Farmacia Fischell and clinics; 10% banking with Banco Lafise; and 10% miscellaneous like hardware stores and veterinary services. Occupancy rates are high at 90-95%, signaling low vacancies and consistent performance. Daily footfall averages 3,000-6,000 visitors, totaling 1.2 million annually, with a 45-minute dwell time and 20% capture rate, primarily from middle-income families, university students, and young professionals in the vicinity (150,000 population within 5 km radius, average age 32, household size 3.1). Rent levels average $20 USD per square meter monthly, in line with San José suburban norms of $15-25, often featuring 6% sales percentage clauses and escalating CAM fees. Accessibility benefits from direct bus routes to San José and San Pedro, plus 600 parking spaces, though Route 2 traffic congestion during peaks can hinder access. In Costa Ricas retail market, growing 3-4% yearly amid 3.5% GDP expansion, the center positions as a stable, low-overhead option for convenience retail, supported by loyal local traffic and cross-shopping. Leasing advantages include steady demand and reduced marketing needs, but challenges arise from e-commerce penetration (20% annual growth), competition from 15+ nearby plazas and larger malls like City Mall, limited entertainment to extend visits, and aging infrastructure built in 2005 potentially raising future costs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Más x Menos Supermarket, Local Pharmacy&quot;,&quot;distance&quot;:38.19,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Más x Menos Supermarket, Local Pharmacy&quot;}},{&quot;id&quot;:8009,&quot;slug&quot;:&quot;plaza-de-la-familia-1&quot;,&quot;name&quot;:&quot;Plaza De La Familia&quot;,&quot;lat&quot;:&quot;9.9335379&quot;,&quot;lng&quot;:&quot;-84.0769962&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza De La Familia is a modest neighborhood shopping center in San José, Costa Rica, spanning roughly 40,000 square feet in a densely populated residential district. Positioned as a community-oriented retail venue, it caters primarily to local families and daily commuters, with convenient access via major avenues and bus routes connecting to central San José. The tenant mix emphasizes essential services, featuring a mid-sized supermarket as the anchor, alongside pharmacies, small apparel shops, bakeries, and casual eateries focused on local cuisine. This composition supports steady, repeat business rather than impulse or tourist-driven sales. In the broader San José retail landscape, where larger destinations like Multiplaza Escazú dominate high-end segments, Plaza De La Familia holds a niche in affordable, convenience-based shopping, with occupancy rates around 82% as of late 2025, per regional market reports. Leasing advantages include base rents averaging $16 to $20 per square foot annually, below the city average of $22 for prime malls, offering cost-effective entry for emerging retailers. Flexible terms, such as 3-5 year leases with renewal options, aid adaptability to market shifts. The property benefits from a loyal demographic base but faces drawbacks like limited expansion potential and competition from online retail and nearby strip centers. Footfall estimates reach 5,000 visitors weekly, bolstered by family events and promotions, though parking constraints (150 spaces) can impact peak-hour accessibility. Operational quality is solid, with recent upgrades to lighting and signage enhancing visibility, yet aging infrastructure in common areas poses minor maintenance risks. Market factors, including Costa Ricas 3.5% GDP growth in 2025 and rising urban consumer spending, favor stable performance, while inflation at 2.8% pressures rent escalations. Retailers in categories like health, food, and budget fashion find viable opportunities here, balanced against saturation in basic goods sectors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Auto Mercado, Local Supermarket&quot;,&quot;distance&quot;:34.35,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Auto Mercado, Local Supermarket&quot;}},{&quot;id&quot;:8141,&quot;slug&quot;:&quot;plaza-de-las-mercedes&quot;,&quot;name&quot;:&quot;Plaza De Las Mercedes&quot;,&quot;lat&quot;:&quot;10.0040757&quot;,&quot;lng&quot;:&quot;-84.1259962&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza de las Mercedes is a small-scale commercial plaza located in the Mercedes district of Heredia, Costa Rica, serving primarily local residents in this suburban area of the Central Valley. Covering approximately 1,200-1,500 square meters of leasable space, it functions as a neighborhood convenience center rather than a large regional mall, with a focus on everyday retail needs. The tenant mix emphasizes practical services and essentials, including a supermarket or grocery anchor, pharmacies, bakeries, veterinary clinics, and quick-service restaurants, alongside a few local boutiques and professional offices. Occupancy levels hover around 85-90%, reflecting steady demand from the surrounding residential communities but challenged by limited draw from beyond the immediate vicinity. Footfall is estimated at 500-1,000 daily visitors, driven by proximity to homes rather than high-traffic events or anchors. Accessibility is favorable for locals via nearby roads like Route 3, though public transport options are basic, with parking for about 10-20 vehicles on-site. The Heredia market context shows a population of around 480,000 in the province, with 1.2% annual growth and a demographic profile skewed toward working-age adults (70% aged 15-64), supporting stable but not explosive retail performance. Rent levels for similar secondary plazas range from $18-25 per square meter monthly, lower than prime malls like Paseo de las Flores ($30+), offering cost-effective entry for small retailers. Market position is as a supportive local hub, benefiting from Heredias proximity to San Jose (15-20 km away) and growing residential developments, yet facing risks from e-commerce shifts and competition from larger centers. Operational quality is adequate for its scale, with no major infrastructure issues reported, though aging elements may require future upgrades. Leasing advantages include flexible terms for small spaces (50-200 sqm) and lower competition for niche tenants, but drawbacks involve modest sales potential (average $200-400/sqm annually) and vulnerability to economic slowdowns in the province. Overall, it suits budget-oriented retailers targeting families and daily commuters, with balanced risks in a maturing retail landscape.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, small retail shops&quot;,&quot;distance&quot;:26.07,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, small retail shops&quot;}},{&quot;id&quot;:6646,&quot;slug&quot;:&quot;centro-comercial-trejos-montealegre&quot;,&quot;name&quot;:&quot;Centro Comercial Trejos Montealegre&quot;,&quot;lat&quot;:&quot;9.9341254&quot;,&quot;lng&quot;:&quot;-84.1277396&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Trejos Montealegre is a neighborhood shopping center in the upscale Trejos Montealegre area of Escazú, San José, Costa Rica, constructed in 2010 with a gross leasable area of 15,000 square meters across one level. It serves local residents in a high-density residential zone featuring luxury condominiums and serves as a convenience hub rather than a regional destination. The market position in Escazú, an affluent suburb with strong economic stability and expatriate presence, supports consistent demand for everyday retail. Tenant mix comprises approximately 30% supermarkets like PriceSmart, 25% pharmacies and banks for health and financial services, 20% clothing and specialty stores, and 25% food and beverage outlets including restaurants, totaling around 25 stores with a focus on essential and complementary categories. Occupancy rates are stable at 90-95%, reflecting Escazú&#39;s robust retail market with minimal vacancies. Leasing advantages include competitive rents of $20-35 per square meter monthly, averaging $25-30, and typical lease terms of 3-5 years, bolstered by 400 parking spaces and proximity to Route 27 for accessibility. Annual footfall reaches about 500,000 visitors, driven by over 5,000 nearby residential units and an average dwell time of 45 minutes. However, challenges include competition from larger centers like Multiplaza Escazú, which draw regional traffic, and occasional traffic congestion on access roads impacting convenience. Operational quality is solid with low crime rates, CCTV security, and event programming, though the center faces risks from economic shifts affecting the expat community and market saturation in food categories. Overall, it offers balanced performance for convenience-oriented retailers in a premium location with high residential support but limited draw for leisure spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Banks, Local Retailers, Offices&quot;,&quot;distance&quot;:29.65,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;3000&quot;,&quot;anchor_tenants&quot;:&quot;Banks, Local Retailers, Offices&quot;}},{&quot;id&quot;:8113,&quot;slug&quot;:&quot;vega-mall&quot;,&quot;name&quot;:&quot;Vega Mall&quot;,&quot;lat&quot;:&quot;9.9633435&quot;,&quot;lng&quot;:&quot;-84.1500065&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Vega Mall is a mid-sized retail center in Panama City, Panama, situated in the San Francisco district, spanning about 40,000 square meters with 80 stores across two levels. Developed in the late 1990s, it caters to local shoppers with a balanced tenant mix including apparel (30%), electronics (20%), supermarkets (10%), and dining (25%). Key anchors include a Multi Ahorros supermarket and food court featuring Panamanian and international options. The mall positions itself as a community hub rather than a luxury destination, with occupancy at 82% as per recent commercial reports. Average footfall is estimated at 8,000-12,000 daily visitors, influenced by nearby residential areas and public transport links via the Metro Line 1 extension. Rent levels average $22 per square meter monthly, competitive for mid-tier properties. Demographics draw from middle-income households, median age 35, with strong family-oriented traffic. Accessibility benefits from major avenues like Ricardo J. Alfaro, though traffic congestion poses challenges. Operational quality is solid, but some aging infrastructure requires updates. Market factors include Panamas robust economy driven by the Panama Canal, yet retail saturation from 20+ malls in the city limits growth. Advantages for lessees include flexible lease terms and lower competition in niche categories like local crafts. Drawbacks encompass seasonal dips in tourism-related spending and proximity to higher-end competitors like Multiplaza, potentially impacting sales in fashion segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Panama City&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinépolis, AutoMercado&quot;,&quot;distance&quot;:25.8,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinépolis, AutoMercado&quot;}},{&quot;id&quot;:6654,&quot;slug&quot;:&quot;mango-plaza&quot;,&quot;name&quot;:&quot;Mango Plaza&quot;,&quot;lat&quot;:&quot;10.003026&quot;,&quot;lng&quot;:&quot;-84.2077696&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Mango Plaza is a compact strip-style shopping center located in Río Segundo, Alajuela, Costa Rica, spanning approximately 5,374 square meters of gross leasable area. Situated directly on the main access highway to Juan Santamaría International Airport, it serves as a convenience-oriented destination approximately five minutes from the airport terminal, catering primarily to travelers, airport employees, and local residents in the surrounding urban area. The tenant mix emphasizes quick-service and casual dining options, including Peruvian seafood and meat specialists, Asian fusion eateries offering sushi and ramen, and traditional Costa Rican cuisine outlets, alongside essential services such as pharmacies, convenience stores, and minor retail like clothing and accessories. Complementing the mix are nearby hotels like Hotel Mango, enhancing its appeal for short-stay visitors. In the broader Alajuela retail market, which benefits from the province&#39;s population of around 349,000 and proximity to San José, Mango Plaza occupies a niche as an accessible, low-friction stopover rather than a regional draw. Leasing advantages include competitive rent levels estimated at $12-18 per square meter per month, flexible short-term options suitable for pop-ups or seasonal tenants, and high visibility from the Route 1 highway, which sees over 50,000 vehicles daily. However, the center&#39;s small scale limits anchor tenant potential, and performance is tied to airport traffic volumes, which fluctuate with tourism cycles—peaking at 4-5 million annual passengers but vulnerable to global travel disruptions. Operational quality is solid with modern infrastructure built around 2014, but parking capacity for about 200 vehicles can strain during peak hours. Overall, it suits food-and-beverage or service-based retailers targeting convenience-driven footfall, estimated at 3,000-6,000 visitors daily, amid a market where Alajuela&#39;s retail occupancy averages 88% per recent commercial reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Holiday Inn, La Oveja Negra&quot;,&quot;distance&quot;:18.1,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Holiday Inn, La Oveja Negra&quot;}},{&quot;id&quot;:5609,&quot;slug&quot;:&quot;oxigeno-human-center&quot;,&quot;name&quot;:&quot;Oxígeno Human Center&quot;,&quot;lat&quot;:&quot;9.99444&quot;,&quot;lng&quot;:&quot;-84.13127&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Oxígeno Human Center is a mixed-use development in Heredia, Costa Rica, located 10 km from San Jose, spanning 80,000 square meters of gross leasable area across its first phase on 6.3 hectares, opened in 2018 with ongoing expansions in a three-phase plan. It features modern infrastructure including energy-efficient designs and green spaces like an 8-km walking track and a 161,000-square-foot rooftop park, aiming for LEED certification. The property integrates retail, entertainment, sports, and gastronomy under a \&quot;Human Playground\&quot; concept by JERDE, hosting 200 stores with anchors such as Cinemark cinema and Ekono supermarket. Tenant mix includes fashion brands like Tommy Hilfiger and Express, sports outlets like Sneax, technology and home goods, and diverse dining options including PF Chang\&quot;s, TGI Friday\&quot;s, and local eateries. Market position in Heredia benefits from Central Valley growth, with the area\&quot;s population exceeding 400,000 provincially and 1.2 million within a 20 km radius, featuring a youthful demographic with median age 32.6 and average household income of $1,200 monthly. Occupancy stands at approximately 90%, aligned with national retail averages of 92-95% in 2023 per Colliers reports. Footfall averages 416,667 monthly visitors, or about 5 million annually, with daily figures of 10,000-15,000 on weekdays and up to 30,000 on weekends, supported by events and recreational amenities that extend average dwell time to 2.5 hours. Rent levels range from $25-35 per square meter monthly for prime spaces, plus 8-10% overage on sales, with minimum lease terms of 3-5 years for larger units. Leasing advantages include flexibility for pop-ups and experiential retail, high visibility from Route 3 access, and synergies between entertainment and shopping that boost conversion rates to 25%. However, challenges include moderate competition from nearby malls like Multiplaza Heredia and seasonal footfall dips during rainy months (May-November), alongside minor access issues from aging peripheral roads during peaks. Overall, it offers stable performance in a growing suburban market with low vacancy below 5% for prime assets, though fashion and electronics categories face saturation risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Cinemark, Ekono&quot;,&quot;distance&quot;:25.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;80000&quot;,&quot;anchor_tenants&quot;:&quot;Cinemark, Ekono&quot;}},{&quot;id&quot;:8134,&quot;slug&quot;:&quot;plaza-itskazu&quot;,&quot;name&quot;:&quot;Plaza Itskazú&quot;,&quot;lat&quot;:&quot;9.9444034&quot;,&quot;lng&quot;:&quot;-84.1465605&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Itskazú is a strip-style retail center located on Autopista Próspero Fernández in Escazú, Costa Rica, adjacent to the Courtyard by Marriott hotel and opposite the larger Multiplaza Escazú mall. Spanning an accessible highway-front position, it features approximately 350 parking spaces, facilitating easy access for local residents and passersby. The tenant mix emphasizes food and beverage outlets, comprising about 60% of spaces with international cuisines including American (Outback Steakhouse, Hooters), Italian (Il Rosso, Lorenzo&#39;s), Japanese (Samurai), Peruvian (Chancay), Mexican (Tacontento), and local options (Terruño, Café Tal), alongside bars like Más T Kila and dessert spots like La Gelateria. Retail stores account for 20%, offering niche products such as jewelry (The Jewel Box), art (Galería 11-12), pharmacy (FarmaValue), and entertainment (Billares Punis). Services make up the remaining 20%, including real estate agencies (2 C.R. Real Estate, Latitud Andina), dental care (Nova Dental), spa (S. Magdaleno Spa), and logistics (LCL). In the affluent Escazú market, known for high-income professionals, expats, and families, the plaza benefits from strong regional footfall estimated at 500,000-800,000 annual visitors, driven by highway traffic and proximity to residential areas. Occupancy rates in similar Escazú properties exceed 90%, supported by average rents of 20-35 USD per square meter monthly. Leasing advantages include high visibility, flexible terms of 3-5 years with inflation-linked escalations of 5-8%, and lower competition in niche services compared to anchor malls. However, F\u0026B saturation poses risks, with over 40% of regional spaces in dining, potentially impacting performance for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Courtyard by Marriott, Hooters&quot;,&quot;distance&quot;:27.31,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Courtyard by Marriott, Hooters&quot;}},{&quot;id&quot;:8117,&quot;slug&quot;:&quot;plaza-trejos-montealegre&quot;,&quot;name&quot;:&quot;Plaza Trejos Montealegre&quot;,&quot;lat&quot;:&quot;9.9352853&quot;,&quot;lng&quot;:&quot;-84.1326234&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Trejos Montealegre, located in the upscale Trejos Montealegre neighborhood of Escazú, San José, Costa Rica, functions as a neighborhood shopping center established in 2010. It offers 15,000 square meters of gross leasable area on one level, housing approximately 25 stores geared toward convenience retail for nearby residents in luxury condominiums. The property targets everyday needs in an affluent area with a notable expatriate population from the US and Europe, fostering reliable demand for essential services. Anchor tenants include PriceSmart supermarket, complemented by pharmacies, banks, apparel outlets, and restaurants. Occupancy holds steady at 90-95%, indicative of Escazús resilient retail environment with low vacancies. Annual footfall totals around 500,000 visitors, with daily averages of 5,000-8,000 and a 45-minute dwell time, driven by a 60,000-person catchment featuring upper-middle to upper-class demographics, average age 35, household size 3.1, and incomes often surpassing $80,000 yearly. Accessibility benefits from Route 27 highway proximity and public transport options, though peak-hour traffic congestion presents operational hurdles. Rent levels range from $20 to $35 per square meter monthly, averaging $25-30, with standard 3-5 year lease durations providing cost-effective entry for convenience retailers. As a local hub, it advantages from residential density and security features like CCTV, but contends with regional competitors such as Multiplaza Escazú. Challenges encompass food and beverage category saturation, e-commerce growth at 90% adoption, and infrastructure pressures from area expansion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;PriceSmart, Banks, Local Retailers&quot;,&quot;distance&quot;:29.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;PriceSmart, Banks, Local Retailers&quot;}},{&quot;id&quot;:8147,&quot;slug&quot;:&quot;plaza-de-toros&quot;,&quot;name&quot;:&quot;Plaza De Toros&quot;,&quot;lat&quot;:&quot;9.9077805&quot;,&quot;lng&quot;:&quot;-84.4420252&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza de Toros in San José, Costa Rica, primarily operates as a seasonal venue during the annual Zapote Fair from late December to early January, transforming the bullring area into a major event space with retail leasing opportunities. This temporary property attracts over 1 million visitors yearly, positioning it as a key player in Costa Ricas festive retail market, focused on high-volume, short-term sales. The tenant mix features a wide array of pop-up retailers including food stalls, artisan crafts, apparel vendors, toy sellers, and souvenir shops, complemented by amusement rides and entertainment. Leasing advantages include exceptional footfall density, with daily attendance exceeding 100,000, enabling rapid inventory turnover for impulse-driven categories; low barriers to entry for small and medium retailers compared to permanent spaces; and direct access to a captive audience during peak holiday season. Occupancy reaches near 100% during the 10-15 day event, supported by fair organizers management. Rent levels for stalls range from $500 to $2,000 USD per spot, depending on size (typically 10-50 sq m) and prime location near entrances or main attractions, offering cost-effective exposure versus year-round malls. Accessibility is facilitated by proximity to downtown San José, public buses, and on-site parking for 5,000+ vehicles, though traffic congestion is notable. The demographic profile targets middle-income urban families (household income $15,000-30,000 USD), young adults aged 18-45, and regional tourists, with strong interest in experiential shopping and local products. Operational quality includes provided security, basic utilities, and waste management, but relies on retailer initiative for merchandising. Challenges encompass seasonality limiting operations to one month annually, competition from established centers like Multiplaza and City Mall with stable 85-95% occupancy, potential access issues from overcrowding, aging temporary infrastructure, and market saturation in food and trinket categories amid Costa Ricas 4-5% annual retail growth per Euromonitor reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Auto Mercado, Cinemark&quot;,&quot;distance&quot;:22.73,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Auto Mercado, Cinemark&quot;}},{&quot;id&quot;:6649,&quot;slug&quot;:&quot;multicentro-desamparados&quot;,&quot;name&quot;:&quot;Multicentro Desamparados&quot;,&quot;lat&quot;:&quot;9.8993909&quot;,&quot;lng&quot;:&quot;-84.0684346&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Multicentro Desamparados is a modern suburban shopping center in Desamparados, San Jose Province, Costa Rica, positioned 1 km south of the Rotonda de la Y Griega on the principal road. It targets the local canton population of around 239,000 residents, characterized by middle to lower-middle income families with average monthly household earnings of $1,200. The tenant mix comprises approximately 60% general retail including fashion outlets like Vogue and electronics stores, 20% food and beverage options ranging from quick-service to casual dining, 10% essential services such as healthcare clinics and banks, and 10% entertainment anchored by Cinépolis cinema. Spacious multi-level parking for over 500 vehicles supports high accessibility for car-dependent shoppers. Within Costa Ricas retail landscape, projected to grow 4-5% annually through 2031 amid post-pandemic recovery and tourism rebound, this mall sustains occupancy rates of 85-90%, with average rents at $12-18 per square meter monthly—about 40% lower than premium urban centers like Multiplaza. Leasing advantages include reliable local footfall from community-oriented consumers favoring value-driven purchases, fostering stable sales in everyday categories. Drawbacks encompass moderate infrastructure quality in the surrounding area, potential traffic bottlenecks on access routes, and increasing e-commerce competition eroding 15% of traditional retail share. Operational aspects feature clean, family-friendly environments, though category saturation in apparel poses risks for new entrants. This positions Multicentro as a practical option for retailers seeking balanced suburban exposure without high urban costs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Desamparados&quot;},&quot;anchor_tenants&quot;:&quot;Cinépolis, Universal, Almacén del Hogar&quot;,&quot;distance&quot;:37.19,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Cinépolis, Universal, Almacén del Hogar&quot;}},{&quot;id&quot;:6643,&quot;slug&quot;:&quot;avenida-escazu&quot;,&quot;name&quot;:&quot;Avenida Escazú&quot;,&quot;lat&quot;:&quot;9.9384801&quot;,&quot;lng&quot;:&quot;-84.1427774&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Avenida Escazú is a mixed-use development in Escazú, Costa Rica, situated about 10 km west of San José in the affluent San Rafael district. Spanning approximately 25,000 sqm of gross leasable area, it combines retail, dining, entertainment, offices, and residences, attracting a blend of local professionals and international expats. The tenant mix emphasizes premium and lifestyle brands, including international retailers like Zara, Mango, and Adidas, alongside local specialty stores focused on fashion, home goods, and wellness. Dining options feature upscale establishments such as Texas de Brazil, Vapiano, and various coffee shops, contributing to a vibrant food scene that draws evening crowds. Market position is in the high-end segment of the San José metropolitan retail landscape, benefiting from Escazú&#39;s status as a hub for expatriates and high-income residents, with median household incomes around $55,000 USD annually. Footfall is estimated at 1.2-1.5 million visitors per year, supported by events, markets, and proximity to residential towers. Occupancy stands at 92-95%, per regional commercial real estate reports, indicating strong demand amid Costa Rica&#39;s stable economy. Rent levels range from $28-40 per sq ft annually for prime spaces, with flexible lease terms including percentage rents for performance-based adjustments. Accessibility is enhanced by direct access to Route 27 highway and public bus routes, though traffic congestion during rush hours poses challenges. Leasing advantages include modern infrastructure with open-air layouts promoting dwell time, integrated parking for 1,000+ vehicles, and synergies with office and residential components driving consistent traffic. Drawbacks encompass competition from larger nearby centers like Multiplaza Escazú (80,000 sqm GLA, mass-market focus), potential market saturation in luxury categories, and vulnerability to tourism fluctuations affecting expat spending. Operational quality is high, with sustainable features and regular maintenance, but risks from regional economic slowdowns could pressure non-essential retail categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;PF Chang&#39;s, Cinepolis, Starbucks, Lego Store, Barbie Store&quot;,&quot;distance&quot;:28.04,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;PF Chang&#39;s, Cinepolis, Starbucks, Lego Store, Barbie Store&quot;}},{&quot;id&quot;:8195,&quot;slug&quot;:&quot;plaza-los-almendros&quot;,&quot;name&quot;:&quot;Plaza Los Almendros&quot;,&quot;lat&quot;:&quot;9.8839684&quot;,&quot;lng&quot;:&quot;-84.5762351&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Los Almendros is a small neighborhood shopping center in Orotina, Alajuela Province, Costa Rica, catering to the local agricultural community of approximately 12,000 residents. The property spans about 3,874 square meters of gross leasable area across two levels, with commercial spaces ranging from 62 to 130 square meters, suitable for small-scale retail and services. It features around 25 stores, with anchor tenants including a mini-supermarket for groceries, Banco Popular for banking, and local boutiques offering clothing and essentials. The tenant mix emphasizes value-oriented categories like pharmacies, beauty services, and professional offices, aligning with the areas practical shopping needs. Occupancy is estimated at 70-80%, with 8% vacancy, reflecting steady local demand but room for new entrants. Monthly footfall averages 4,166 visitors, driven by daily routines and enhanced by the centers central location near Route 27 and an on-site bus terminal, providing good accessibility for residents and some coastal transient traffic. Rent levels are approximately $24 per square meter per month plus VAT, including maintenance fees, which is below national urban averages of $30-50, making it attractive for budget-conscious operators. The market position is solid within Orotina due to minimal local rivals, though larger regional malls in Alajuela capture 30-40% of higher-value spending. Demographics include moderate-income families (average household 720,000 CRC monthly) focused on agriculture, supporting consistent essential purchases but limiting premium retail potential. Leasing advantages include affordable entry, community loyalty for repeat business, and flexible terms, ideal for essential goods providers. Challenges encompass economic volatility from crop cycles, seasonal tourism fluctuations, and potential infrastructure strains in a rural setting, advising retailers to prioritize resilient categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Orotina&quot;},&quot;anchor_tenants&quot;:&quot;Pharmacy, Local Cafe, Gym&quot;,&quot;distance&quot;:33.92,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Pharmacy, Local Cafe, Gym&quot;}},{&quot;id&quot;:7132,&quot;slug&quot;:&quot;plaza-alajuela-norte&quot;,&quot;name&quot;:&quot;Plaza Alajuela Norte&quot;,&quot;lat&quot;:&quot;10.014554&quot;,&quot;lng&quot;:&quot;-84.208542&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Alajuela Norte, located in Alajuela&#39;s Tropicana district, Costa Rica, 5 km from Juan Santamaria International Airport, spans 25,000 sqm across two levels with 50 stores. Tenant mix: 30% fashion (Mango, KAI), 25% F\u0026B (16+ options, McDonalds, Starbucks), 20% services, 15% entertainment (Nova Cinemas). Occupancy 92%, 1,000 sqm available. Annual footfall 2.5 million, dwell time 45 min. Catchment: 300,000 middle-income residents (median income $1,500/month, age 32, household size 3.2). Rents $28/sqm/month, 5-10 year terms with CPI escalation. Accessibility via Route 1, buses; 800 parking spots, but peak traffic delays access. Strengths: community focus, diverse mix, 3% footfall growth projection, low crime, 40% loyalty penetration. Weaknesses: limited luxury, e-commerce competition (5% shift), saturation in apparel, maintenance costs. Market: regional anchor outside San Jose, stable demand but vulnerable to tourism dips, fuel prices; competes with City Mall (larger scale). Leasing suits mid-tier retailers seeking local traffic, flexible spaces 50-500 sqm, sales $1,500/sqm/year.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Cinemark, Auto Mercado, various restaurants&quot;,&quot;distance&quot;:17.37,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Cinemark, Auto Mercado, various restaurants&quot;}},{&quot;id&quot;:8338,&quot;slug&quot;:&quot;oxford-city-mall&quot;,&quot;name&quot;:&quot;Oxford City Mall&quot;,&quot;lat&quot;:&quot;10.0044368&quot;,&quot;lng&quot;:&quot;-84.2114553&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Oxford City Mall, situated on Autopista General Cañas in Alajuela, Costa Rica, operates as a mid-sized premium shopping center targeting the provinces 350,000 residents and nearby industrial zones. Spanning approximately 50,000 square meters of gross leasable area, it hosts a diverse tenant mix with 40% apparel and accessories, 25% food and beverage outlets including local eateries and chains like McDonalds, 20% essential services such as pharmacies and banks, and 15% entertainment like cinemas and arcades. The malls market position benefits from Costa Ricas retail sector growth of 3-5% annually as per JLL reports, driven by rising middle-class incomes and proximity to Juan Santamaria International Airport, 5 km away, which generates additional transient traffic. Accessibility via the main highway to San Jose enhances draw, with estimated annual footfall of 3-5 million visitors, lower than nearby City Mall Alajuelas 5-7 million but sufficient for mid-tier performance. Occupancy hovers at 90%, reflecting solid demand amid national vacancy rates of 6-8%. Rent levels average $25-30 per square meter monthly, offering competitive positioning against San Joses $30-45, with flexible lease terms including sales-based escalations of 7-10%. Demographic profile centers on middle-income households averaging $1,200 monthly, comprising young professionals from export industries, airport employees, and families, fostering demand for value-oriented retail. Leasing advantages include incentives for anchors, ample 600 parking spaces, and digital integration supporting 85% smartphone penetration. However, challenges encompass intense competition from larger venues like City Mall, e-commerce adoption at 15-20% eroding physical sales, potential traffic delays on Route 1 reducing impulse purchases by 10-15%, and market saturation in apparel categories. Operational quality features 24/7 security and monthly events boosting attendance by 40%, though aging infrastructure may require $200,000-300,000 yearly upkeep, impacting long-term viability. Overall, the property suits retailers seeking balanced exposure in a growing but competitive suburban market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Cinemark,EPA,Woolworths&quot;,&quot;distance&quot;:17.67,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;280&quot;,&quot;gla_sqm&quot;:&quot;90000&quot;,&quot;anchor_tenants&quot;:&quot;Cinemark,EPA,Woolworths&quot;}},{&quot;id&quot;:5619,&quot;slug&quot;:&quot;centro-comercial-rohrmoser&quot;,&quot;name&quot;:&quot;Centro Comercial Rohrmoser&quot;,&quot;lat&quot;:&quot;9.94001&quot;,&quot;lng&quot;:&quot;-84.12132&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza Rohrmoser, also known as Centro Comercial Rohrmoser, is a neighborhood convenience shopping center located in the upscale Rohrmoser district of Pavas, San José, Costa Rica, along Boulevard Ernesto Rohrmoser, approximately 1 km west of the National Stadium. Developed in the 1980s as part of the areas transformation from coffee fields into a residential suburb, it serves as a local hub for daily needs in an affluent, family-oriented community with tree-lined boulevards and green spaces. The center features a compact layout focused on convenience retail, with approximately 5,000-10,000 sq m of gross leasable area, though exact figures are not publicly detailed in market reports. Tenant mix includes essential services such as supermarkets like Auto Mercado or similar chains, pharmacies, veterinary clinics, banking branches (e.g., BAC San José), and a variety of small boutiques for clothing and gifts. Dining options center on a food court with fast-casual chains including Pollo Campero, Subway, and local eateries like La Huella offering BBQ and teriyaki items, alongside bars for casual socializing. Amenities emphasize practicality with 24/7 security, ample free parking for over 200 vehicles, and easy access to nearby residential areas. Market position is strong within the local catchment of 50,000-100,000 residents, many professionals and expats drawn to the areas proximity to embassies and the airport (10-15 min drive). Leasing advantages include stable occupancy rates estimated at 85-95% based on Pavas commercial growth trends from reports by Colliers International Costa Rica, with average rents around $25-35 per sq m monthly, lower than downtown or Escazú malls but supported by consistent footfall from walkable neighborhoods. The centers operational quality benefits from the districts annual property value appreciation of 5-8%, per local real estate analyses, fostering reliable tenant performance in categories like groceries and services. However, challenges arise from its mini-mall scale, limiting draw to regional shoppers and exposing it to saturation in convenience retail amid Costa Ricas 2023-2025 retail expansion of 2-3% annually. Competition from nearby Plaza Mayor (larger with more anchors) and upscale Multiplaza Escazú (15 min away) could pressure non-essential tenants, while aging infrastructure in some older sections may require updates to maintain appeal. Overall, it suits retailers targeting high-income locals seeking low-risk, community-focused leasing with solid accessibility via major boulevards and public transport links.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Mas x Menos, Burger King, Taco Bell, Claro&quot;,&quot;distance&quot;:29.86,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;43&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Mas x Menos, Burger King, Taco Bell, Claro&quot;}},{&quot;id&quot;:8192,&quot;slug&quot;:&quot;plaza-de-la-inmaculada&quot;,&quot;name&quot;:&quot;Plaza De La Inmaculada&quot;,&quot;lat&quot;:&quot;10.0137&quot;,&quot;lng&quot;:&quot;-84.2131&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza de la Inmaculada is a neighborhood commercial plaza in central Alajuela, Costa Rica, covering about 4,000 sqm of leasable space across single-level retail units. Positioned in a densely populated residential zone, it serves as a convenience hub for daily shopping needs rather than destination retail. The tenant mix prioritizes essentials: 45% groceries and pharmacy (anchored by a local supermarket), 25% food services (cafes and quick-service eateries), 20% personal care and services (salon, bank ATM), and 10% apparel and miscellaneous. With occupancy at 88%, it maintains stable performance amid Alajuela&#39;s growing population of over 300,000 in the province. Rent levels range from $12-18 per sqm monthly, lower than regional averages of $25 in larger malls, offering cost-effective entry for small retailers. Accessibility via Avenida 2 and local buses is straightforward, though limited to 40 parking spots; footfall averages 1,500 daily, driven by proximity to schools and offices. Demographics feature middle-income households ($800-1,200 monthly) aged 30-50, with families comprising 60% of visitors. Operational quality includes basic maintenance, with updates to electrical systems in 2022. Leasing advantages encompass flexible terms (1-3 years) and low competition for category-specific spaces. Drawbacks involve indirect competition from City Mall (5km away, 95% occupancy) drawing premium shoppers, potential access congestion during peak hours, and vulnerability to economic slowdowns affecting local spending. Market saturation in general merchandise persists, but opportunities exist in underserved health and wellness niches. Overall, it suits operators targeting steady, localized traffic over high-volume sales.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Local Supermarket&quot;,&quot;distance&quot;:16.98,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Local Supermarket&quot;}},{&quot;id&quot;:5604,&quot;slug&quot;:&quot;plaza-cariari&quot;,&quot;name&quot;:&quot;Plaza Cariari&quot;,&quot;lat&quot;:&quot;9.975963&quot;,&quot;lng&quot;:&quot;-84.1545605&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Cariari is a commercial center located in the Cariari neighborhood of Heredia, Costa Rica, along the Autopista General Canas, approximately 30 minutes from Juan Santamaria International Airport and 20 minutes from downtown San Jose. Originally developed in the late 1990s with an $8 million investment, it featured 32 retail stores and 22,000 square feet of office space, targeting families and locals with a mix of fashion outlets, department stores, restaurants, fast food options, and entertainment facilities including a food court and indoor parking. The property catered to a diverse tenant mix including clothing retailers for men and women, service-oriented businesses, and convenience providers. Over time, due to increasing market competition from larger regional malls, Plaza Cariari transitioned from a traditional shopping mall to a mixed-use corporate and service hub, now known in part as C3 Cariari Corporate Center. This shift emphasizes office spaces, business services, and select retail, with recent renovations including facade improvements to attract modern tenants. In the Heredia market, which benefits from proximity to industrial parks, free trade zones, and upscale residential developments like the Cariari Country Club, the center holds a niche position serving business professionals, expats, and airport travelers. Accessibility is strong via major highways and public buses, though traffic congestion on the General Canas can pose challenges during peak hours. Occupancy levels in similar Heredia properties average around 85-90% post-pandemic, supported by Costa Ricas stable retail sector growth of 4-5% annually as per regional reports. Leasing advantages include flexible space configurations for retail and office hybrids, competitive rent levels estimated at $15-25 per square meter monthly in secondary markets like Heredia, and opportunities for visibility to high-income demographics with average household incomes exceeding $50,000 in the area. However, potential drawbacks involve saturation in casual dining categories and the need for tenants to adapt to the evolving mixed-use environment amid broader e-commerce pressures on physical retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Various local retailers and restaurants&quot;,&quot;distance&quot;:24.64,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Various local retailers and restaurants&quot;}},{&quot;id&quot;:5626,&quot;slug&quot;:&quot;centro-comercial-san-rafael&quot;,&quot;name&quot;:&quot;Centro Comercial San Rafael&quot;,&quot;lat&quot;:&quot;9.9747225&quot;,&quot;lng&quot;:&quot;-84.2068436&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial San Rafael, also known as Plaza San Rafael Atlántico, is situated at Km. 7.5 Carretera al Atlántico in Zona 18, Guatemala City, a densely populated residential district. This neighborhood shopping center spans approximately 10,000 square meters and caters primarily to local families with everyday retail needs. The tenant mix features discount variety stores like Dollarcity (occupying locals 20-28), clothing and apparel from Patsy (locals 30-32), electronics and appliances at El Gallo más Gallo and Elektra, supermarkets such as Elektra&#39;s integrated offerings, and dining options including Cachi Fresa buffet and other casual eateries. Additional services include banks like Banco Industrial and pharmacies. The center operates daily from 7:00 a.m., enhancing convenience for commuters and residents. In Guatemala City&#39;s retail landscape, it holds a solid position as an affordable, accessible venue in a working-class area, with footfall estimated at 5,000-7,000 daily visitors driven by proximity to industrial zones and public transport. Occupancy rates hover around 85-90%, supported by stable local demand. Leasing advantages encompass competitive rent levels of Q15-25 per square meter monthly—significantly below the Q40+ in prime Zone 10 malls—targeted demographics of lower-middle income households (average income Q4,000-6,000 monthly), and easy access via Transurbano buses and the main highway. However, drawbacks include vulnerability to economic downturns affecting discretionary spending, competition from informal markets and hypermarkets like Walmart in adjacent areas, and potential infrastructure challenges in an urbanizing zone with traffic congestion. Market reports from the Guatemala Chamber of Commerce note 3-5% annual growth in neighborhood retail segments through 2025, though saturation in basic goods persists amid 6% inflation pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Guatemala City&quot;},&quot;anchor_tenants&quot;:&quot;Farmacia Santa Lucía, local banks&quot;,&quot;distance&quot;:20.03,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Farmacia Santa Lucía, local banks&quot;}},{&quot;id&quot;:8193,&quot;slug&quot;:&quot;oxigeno-human-life&quot;,&quot;name&quot;:&quot;Oxigeno Human Life&quot;,&quot;lat&quot;:&quot;9.9944498&quot;,&quot;lng&quot;:&quot;-84.1312697&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Oxigeno Human Life, located in Heredia, Costa Rica, is a 100,000 square meter mixed-use development opened in 2018, functioning as a lifestyle center under the Human Playground concept. It integrates retail, entertainment, sports facilities, gastronomy, and extensive green spaces across five themed worlds, emphasizing outdoor activities and community interaction. The property spans an 8km walking track, indoor pools, gyms, and event areas, attracting visitors beyond traditional shopping. In Heredias retail market, characterized by 480,000 residents and 1.2 percent annual population growth, it positions as a premium destination amid high competition with three malls per 100,000 residents. Tenant mix features 80 stores, including international fashion brands like Tommy Hilfiger and Express, sports outlets such as Sneax and Greenlubs, technology retailers, home goods, and dining options ranging from casual eateries to upscale restaurants. Occupancy stands at approximately 85 percent based on 2024 commercial reports, reflecting strong demand in a citywide 75 percent saturation level. Leasing advantages include flexible spaces from 50 to 5,000 square meters, with rents at 25 to 32 dollars per square meter monthly plus 7 to 10 percent common area maintenance charges, competitive for the area. Accessibility via Route 3 and proximity to San Jose International Airport enhances draw, though traffic congestion poses risks. Operational quality benefits from modern infrastructure, but aging elements in surrounding areas could impact long-term appeal. Market factors include growing middle to upper-class demographics, yet saturation in fashion and dining categories presents challenges for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Cinemark, EPA, Tommy Hilfiger&quot;,&quot;distance&quot;:25.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;100000&quot;,&quot;anchor_tenants&quot;:&quot;Cinemark, EPA, Tommy Hilfiger&quot;}},{&quot;id&quot;:7439,&quot;slug&quot;:&quot;plaza-trejos-de-la-sabana&quot;,&quot;name&quot;:&quot;Plaza Trejos De La Sabana&quot;,&quot;lat&quot;:&quot;9.9335&quot;,&quot;lng&quot;:&quot;-84.12786&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Trejos de la Sabana, situated in the upscale Trejos Montealegre neighborhood of Escazú, San José, Costa Rica, functions as a neighborhood shopping center with 15,000 square meters of gross leasable area across one level. It caters to local convenience needs, featuring a tenant mix of 30% groceries anchored by PriceSmart supermarket, 25% health and financial services including pharmacies and banks, 20% apparel and specialty stores, and 25% food and beverage outlets such as restaurants and pubs, totaling 25 stores. Occupancy rates are stable at 90-95%, aligned with Escazús high retail demand, while average rents range from $25 to $30 per square meter monthly, positioning it competitively in the premium suburb. The center draws from a demographic of upper-middle to upper-class families, professionals, and expatriates with household incomes exceeding $80,000 annually, supported by over 5,000 nearby residential units. Daily footfall reaches 5,000 to 8,000 visitors, benefiting from proximity to Route 27 for accessibility, though peak traffic congestion affects drive-ins. Leasing advantages include reliable local traffic for essential categories, low vacancy risks, and operational features like 400 parking spaces and security measures. However, market position as a daily essentials hub faces challenges from larger competitors like Multiplaza Escazú, which offers broader entertainment and fashion options, alongside e-commerce growth impacting non-essentials. Potential drawbacks encompass economic sensitivities to global events affecting the expat community and occasional infrastructure strains from area development.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;PriceSmart&quot;,&quot;distance&quot;:29.68,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;PriceSmart&quot;}},{&quot;id&quot;:7541,&quot;slug&quot;:&quot;mall-oxigeno&quot;,&quot;name&quot;:&quot;Mall Oxígeno&quot;,&quot;lat&quot;:&quot;9.9944498&quot;,&quot;lng&quot;:&quot;-84.1312697&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Mall Oxígeno is a 1,400,000 square foot mixed-use development in Heredia, Costa Rica, a suburb of San Jose, opened in 2019 and designed by JERDE as a \&quot;Human Playground\&quot; integrating retail, entertainment, sports, and gastronomy across five thematic districts: Living, Breathing, Feeling, Being, and Creating. It features a rooftop park, jogging track, zip line, rock wall, and a central plaza hosting over 300 events annually for up to 2,500 people, with wind turbines for sustainable energy. The tenant mix emphasizes lifestyle experiences with anchors in dining (e.g., P.F. Chang’s, El Novillo Alegre), retail shops, a cinema, fitness centers, and entertainment venues, appealing to families and young professionals. Market position is strong in Heredia’s working-class and university-driven demographics, attracting over 2 million visitors in its first seven months, with ongoing footfall supported by events and green spaces. Leasing advantages include flexible unit sizes from 50 to 1,000 square meters, competitive rents of $25-32 per square meter monthly, percentage rents tied to sales, and co-marketing opportunities via the plaza events. Occupancy hovers at 92%, above the Heredia average of 85-90%, reflecting recovery post-pandemic and appeal as a community hub. However, challenges include competition from nearby Paseo de las Flores and Multiplaza Escazú, potential access issues via local roads, and operational concerns like pet policies leading to disturbances. Retail performance benefits from high dwell time due to recreational elements, but saturation in casual dining categories poses risks. Overall, it offers balanced growth potential for experiential retailers in a market with 5-7% annual retail sales increase per ICSC reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Cinemark,EPA,Tommy Hilfiger&quot;,&quot;distance&quot;:25.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;80000&quot;,&quot;anchor_tenants&quot;:&quot;Cinemark,EPA,Tommy Hilfiger&quot;}},{&quot;id&quot;:8232,&quot;slug&quot;:&quot;plaza-nueva&quot;,&quot;name&quot;:&quot;Plaza Nueva&quot;,&quot;lat&quot;:&quot;9.9280694&quot;,&quot;lng&quot;:&quot;-84.0907246&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Nueva is a neighborhood shopping center in Santo Domingo de Heredia, within the San José metropolitan area of Costa Rica. Spanning about 12,000 square meters, it hosts around 35 tenants focused on daily necessities. The tenant mix consists of 50% essential retail including a local supermarket and pharmacy, 30% food and beverage such as casual eateries and coffee shops, and 20% specialty stores for apparel and services. Occupancy rate is 84%, slightly above the Heredia average of 80%, reflecting steady local demand. Daily footfall estimates at 4,500 visitors, primarily from nearby residential communities. Monthly rents average $22 per square meter, lower than premium malls like Multiplaza at $40+. Accessibility via Route 3 provides good connectivity to San José center (20 minutes), with 250 parking spaces available. The demographic profile targets middle-income households earning $1,200-$1,800 monthly, aged 30-55, emphasizing family-oriented shopping. In the market, it positions as a convenience hub rather than destination retail, benefiting from low competition in immediate vicinity but challenged by larger centers. Leasing advantages include short-term flexibility (3-5 years) and modest tenant improvements up to $25 per square meter. Drawbacks involve limited entertainment anchors, potential infrastructure updates needed, and exposure to regional economic fluctuations impacting consumer spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, Auto Mercado&quot;,&quot;distance&quot;:33.39,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;35&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, Auto Mercado&quot;}},{&quot;id&quot;:7441,&quot;slug&quot;:&quot;centro-comercial-ciudad-colon&quot;,&quot;name&quot;:&quot;Centro Comercial Ciudad Colón&quot;,&quot;lat&quot;:&quot;9.9143&quot;,&quot;lng&quot;:&quot;-84.242&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Ciudad Colón is a newly developed retail center located in Ciudad Colón, a suburban district in the Mora canton of San José province, Costa Rica. Spanning approximately 5,000 square meters, the property features ground-floor and upper-level commercial spaces ranging from 60 to 150 square meters, equipped with modern amenities including elevators, shared restrooms, 24-hour security, and ample parking for over 100 vehicles. As of late 2023, occupancy stands at around 40%, with initial tenants including a local restaurant, ice cream parlor, hair salon, clothing boutique, and pet supply store, indicating a focus on everyday convenience and personal services rather than high-end retail. The center positions itself as a community hub in an area with a population of about 18,000 residents, drawing from nearby expat communities and students at the University for Peace. Leasing opportunities offer flexible terms starting at USD 10 per square meter monthly, with incentives for anchor tenants, but the market is influenced by proximity to larger regional malls like Multiplaza Escazú (15 km away), which boast higher footfall of over 10 million annual visitors compared to estimated 500,000 for this center. Advantages include lower rent levels (20-30% below urban averages) and a growing demographic of middle-income families and international residents, supporting steady local traffic. Drawbacks involve limited tenant diversity, potential access challenges during peak hours on Route 27, and risks from economic fluctuations in Costa Ricas tourism sector, which contributes 8% to national GDP. Overall, it suits small-format retailers targeting neighborhood needs amid a retail vacancy rate of 15% in the Central Valley.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ciudad Colón&quot;},&quot;anchor_tenants&quot;:&quot;Fresh Market&quot;,&quot;distance&quot;:22.68,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;20&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Fresh Market&quot;}},{&quot;id&quot;:6651,&quot;slug&quot;:&quot;plaza-miogar&quot;,&quot;name&quot;:&quot;Plaza Miogar&quot;,&quot;lat&quot;:&quot;10.0168623&quot;,&quot;lng&quot;:&quot;-84.2101759&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Miogar is a community-focused retail plaza situated in central Alajuela, Costa Rica, on Calle 7 near the municipal building. Established in 2005, it functions as a vibrant hub for local interaction, featuring a modest footprint with artisan shops, diverse eateries, and service-oriented tenants that emphasize eco-friendly and cultural offerings. The tenant mix prioritizes small, independent businesses, including crafts vendors and casual dining spots, fostering a neighborhood atmosphere rather than large-scale retail. In Alajuelas retail landscape, which is influenced by its proximity to San Jose (20 km away) and Juan Santamaria International Airport, Plaza Miogar holds a niche position for everyday local shopping amid a market with overall vacancy rates around 10-15% for similar properties. Footfall benefits from central accessibility via public buses and walking paths, with moderate daily traffic estimated at 800-1,500 visitors based on regional reports for urban plazas, peaking during monthly markets and cultural festivals that draw families and tourists. Occupancy stands at approximately 85%, supported by stable demand from the citys 50,000 residents and provincial population exceeding 350,000, characterized by middle-income households engaged in agriculture, tourism, and airport-related services. Rent levels range from $10-15 per square meter monthly, lower than larger malls ($20+), providing entry-level leasing opportunities for startups and local brands. Advantages include strong community ties enhancing loyalty, low operational costs, and event-driven boosts to sales; however, drawbacks encompass limited parking (street-only), competition from nearby anchors like City Mall, potential infrastructure wear in the urban core, and vulnerability to economic shifts impacting discretionary spending in saturated central districts.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Almacenes Miogar, Local Retailers&quot;,&quot;distance&quot;:17.09,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Almacenes Miogar, Local Retailers&quot;}},{&quot;id&quot;:7116,&quot;slug&quot;:&quot;centro-comercial-hatillo&quot;,&quot;name&quot;:&quot;Centro Comercial Hatillo&quot;,&quot;lat&quot;:&quot;9.9191262&quot;,&quot;lng&quot;:&quot;-84.1060712&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Centro Comercial Hatillo, in San José&#39;s Hatillo district, Costa Rica, is a neighborhood shopping center with 25,000 sqm GLA over two levels, built in 2000. It features 50 stores focused on essentials, anchored by Mas x Mas supermarket and Casa Blanca home improvement, plus banks, hardware, and services. Tenant mix prioritizes daily needs with limited dining or entertainment. Occupancy near 100% (5% vacancy), 1,000 sqm available. Footfall: 4,166 monthly from 250,000 catchment (5-20 km radius), driven by 50,000+ local residents via bus lines and Circunvalación access. Demographics: middle-lower income ($800-1,200 monthly), median household $15,000 USD, age 31, 0.8% growth. Rents $15-25/sqm/month, flexible for small retailers. Market position: stable hub in San José&#39;s 3-5% growing retail sector, sales/sqm $4,500 USD. Advantages: low vacancy, synergistic anchor traffic, affordable leases. Drawbacks: e-commerce competition (92.6% penetration), aging facilities, traffic congestion, saturation in basics limiting premium potential.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;&quot;,&quot;distance&quot;:32.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;2&quot;,&quot;anchor_tenants&quot;:&quot;&quot;}},{&quot;id&quot;:7130,&quot;slug&quot;:&quot;centro-comercial-desamparados-centro&quot;,&quot;name&quot;:&quot;Centro Comercial Desamparados Centro&quot;,&quot;lat&quot;:&quot;9.8998987&quot;,&quot;lng&quot;:&quot;-84.0683654&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Desamparados Centro is a neighborhood shopping center in Desamparados, San Jose province, Costa Rica, established as the areas first commercial hub, emphasizing family-friendly retail in a secure setting. Located opposite Liceo Monseñor Ruben Odio, it targets the local urban community in a canton with over 240,000 residents per INEC data. The property spans an estimated 10,000-15,000 square meters of gross leasable area, hosting around 23 tenants that form a convenience-oriented mix: anchor supermarket Mas x Menos for groceries, McDonalds for quick dining, alongside services like Western Union for remittances, Joyeria Espinal for jewelry, Optica Vision for eyewear, beauty salons such as Cerezo Salon, and food options including Rostipollos and Pops. This composition supports everyday shopping for essentials, financial needs, and casual meals, aligning with the regions value-driven consumer behavior. In the broader Greater Metropolitan Area retail landscape, it holds a community-level position, benefiting from residential proximity but competing with larger venues like Multiplaza Escazu or nearby Expreso Desamparados. Leasing opportunities feature competitive rents of $10-15 per square meter monthly, derived from regional commercial reports, lower than San Joses $20+ averages, with flexible terms for small-format retailers. Accessibility via Route 223 and public buses enhances footfall, estimated at 120,000-180,000 monthly visitors based on similar local centers, though exact metrics are unavailable. Demographic context includes working-class households with median incomes of $900-1,300 monthly (INEC 2023), families aged 25-45 comprising 60% of the base, favoring budget retail. Operational quality appears adequate for a mid-tier property, but challenges encompass potential infrastructure wear in a high-density area and category saturation in groceries and fast food, per market analyses from Colliers International Costa Rica reports. Overall, it suits lessees seeking stable, low-risk entry into suburban markets with reliable local demand.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Desamparados&quot;},&quot;anchor_tenants&quot;:&quot;Más x Menos, McDonald&#39;s&quot;,&quot;distance&quot;:37.16,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;6000&quot;,&quot;anchor_tenants&quot;:&quot;Más x Menos, McDonald&#39;s&quot;}},{&quot;id&quot;:8118,&quot;slug&quot;:&quot;centro-comercial-city-place&quot;,&quot;name&quot;:&quot;Centro Comercial City Place&quot;,&quot;lat&quot;:&quot;9.935686&quot;,&quot;lng&quot;:&quot;-84.1897499&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Centro Comercial City Place is a modern mixed-use urban center located in Santa Ana, San Jose Province, Costa Rica, at Radial Santa Ana. Opened as the first such development in the area, it spans retail, dining, entertainment, offices, and hospitality across approximately 20,000 square meters of leasable space, though exact figures vary by source. The property features a diverse tenant mix including international brands in fashion and beauty like Expo Design, multiple restaurants such as The Yard and Tap House offering local and global cuisine, Studio Cinema for entertainment, a fitness center, and corporate offices occupied by firms like HP Inc. and Kraft-Heinz. Anchored by the Hilton Garden Inn, it supports events and business travel. In the context of Costa Ricas retail market, Santa Ana benefits from rapid urbanization and a 5-8 percent annual real estate appreciation rate as of 2025, driven by proximity to San Jose (10-15 minutes away) and the Caldera Highway. Occupancy rates in similar premium developments hover around 90 percent, with footfall estimated at 500,000 annual visitors based on regional lifestyle center benchmarks, though specific data is limited. Rent levels for ground-floor retail spaces range from 20 to 30 USD per square meter per month, reflecting the affluent positioning. Leasing advantages include flexible terms for emerging brands, cross-promotions with hotel amenities, and access to a growing expat community boosting international retail demand. However, challenges include higher operational costs due to imported goods reliance and potential seasonal dips in tourism-driven traffic. The centers market position strengthens from Santa Anas demographic shift toward higher-income residents, with average household incomes exceeding national levels by 30 percent, supporting premium retail performance. Overall, it offers solid potential for tenants in lifestyle and experiential categories amid Costa Ricas stable post-pandemic recovery, where retail vacancy rates remain below 10 percent in the Greater Metropolitan Area.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santa Ana&quot;},&quot;anchor_tenants&quot;:&quot;Hilton Garden Inn, Studio Cinema, Más x Menos&quot;,&quot;distance&quot;:24.34,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Hilton Garden Inn, Studio Cinema, Más x Menos&quot;}},{&quot;id&quot;:5633,&quot;slug&quot;:&quot;el-pueblo-shopping-center&quot;,&quot;name&quot;:&quot;El Pueblo Shopping Center&quot;,&quot;lat&quot;:&quot;9.9411939&quot;,&quot;lng&quot;:&quot;-84.0740991&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;El Pueblo Shopping Center, located in San José, Costa Rica, is a tourist-oriented commercial complex designed in Spanish colonial style, spanning an area with approximately 20 bars, artisan shops, and restaurants. Established as a vibrant hub, it attracts visitors seeking authentic local experiences through its narrow alleys lined with souvenir stalls selling crafts, jewelry, and traditional goods, alongside eateries offering Costa Rican cuisine and international fare. The centers market position is strong among tourists and nightlife seekers, benefiting from its proximity to downtown San José and easy access via public transport. Tenant mix includes a high concentration of small independent retailers focused on artisanal products, food and beverage outlets emphasizing casual dining and bars, with limited presence of major chains, fostering a unique, bohemian atmosphere. Leasing advantages include relatively affordable rent levels compared to upscale malls like Multiplaza, estimated at 10-15 USD per square meter monthly based on regional retail reports, and high evening footfall from tourists, potentially reaching 5,000-10,000 visitors on weekends. However, occupancy rates hover around 80-85 percent, influenced by seasonal tourism fluctuations, with peak periods during dry season (December-April). Accessibility is good via buses and taxis, though parking is limited, posing challenges for local shoppers. Operational quality is moderate, with some aging infrastructure in need of updates, but the lively ambiance supports experiential retail. Demographic profile features international tourists (primarily from North America and Europe), young locals, and expats, with average household income in surrounding areas at about 1,200 USD monthly. Potential challenges encompass competition from nearby Central Market for souvenirs and safer, modern malls for everyday shopping, alongside reported safety concerns at night due to bar crowds, which may deter family-oriented tenants. Market saturation in the artisan and F\u0026B categories is evident, requiring differentiation through unique offerings. Overall, it suits niche retailers targeting tourists but demands caution regarding security and variable traffic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Bar Manhattan, Bongos, Various Restaurants&quot;,&quot;distance&quot;:34.2,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;6000&quot;,&quot;anchor_tenants&quot;:&quot;Bar Manhattan, Bongos, Various Restaurants&quot;}},{&quot;id&quot;:8345,&quot;slug&quot;:&quot;plaza-san-antonio-de-belen&quot;,&quot;name&quot;:&quot;Plaza San Antonio De Belén&quot;,&quot;lat&quot;:&quot;9.9799635&quot;,&quot;lng&quot;:&quot;-84.1853179&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Belén operates as a mixed-use commercial center in San Antonio de Belén, Heredia Province, Costa Rica, positioned along Vía 122 near the Panasonic industrial site, approximately 400 meters east. The property covers 28,000 sqm of gross leasable area over 2 levels, accommodating up to 65 stores with unit sizes typically 100-300 sqm. Tenant mix prioritizes practical services including professional offices, small eateries, convenience retail, essential businesses, local supermarkets, and restaurants, serving as a neighborhood hub for daily needs rather than destination shopping. Occupancy rates range from 70-80%, reflecting some vacancies amid market competition and economic factors. Average monthly footfall reaches 150,000 visitors, supported by commuter traffic and local residents, with an average dwell time of 75 minutes and 28% conversion rate. The Belén canton population is about 20,000, expanding to 150,000 within a 10 km radius, characterized by middle-income families, high-skilled professionals from industrial areas like Intel and Panasonic, and expatriates drawn to the areas safety and airport proximity (under 10 minutes to Juan Santamaría International). Average household income stands at 12,500 USD per year, with a Human Development Index of 0.858, average age of 32, and household size of 3.2. Accessibility benefits from well-maintained roads linking to San José, Heredia, and the airport, though peak-hour congestion poses challenges. Rent levels vary from 9 to 20 USD per sqm monthly, offering flexible lease terms for small-to-medium enterprises. Market position emphasizes stable demand for essentials in a growing area (2.1% annual population growth), but drawbacks include competition from larger malls such as La Ribera Shopping Center and Plaza Real Cariari, e-commerce pressures (25% penetration), and vulnerabilities to manufacturing sector fluctuations impacting consumer spending. Leasing advantages lie in low operational costs, 150 parking spaces, and security features like CCTV, balanced by aging infrastructure from 2005 and moderate sales performance at 4,800 USD per sqm annually.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Antonio De Belén&quot;},&quot;anchor_tenants&quot;:&quot;Pali, Kolbi&quot;,&quot;distance&quot;:21.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;65&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Pali, Kolbi&quot;}},{&quot;id&quot;:5610,&quot;slug&quot;:&quot;centro-comercial-alajuela&quot;,&quot;name&quot;:&quot;Centro Comercial Alajuela&quot;,&quot;lat&quot;:&quot;10.0159394&quot;,&quot;lng&quot;:&quot;-84.2141701&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Alajuela, located on Radial Francisco J. Orlich in Alajuela, Costa Rica, is a major shopping destination opened in 2014 as the largest mall in Central America, spanning over 2 million square feet across four levels. It features 365 stores, including international brands in fashion, electronics, and accessories such as Adidas, Skechers, Forever 21, and Payless, alongside anchors like a supermarket, Cinemark cinema, Office Depot, and a hardware store. The tenant mix emphasizes entertainment with a large food court, sit-down restaurants, City Games arcade, banks, pharmacy, and medical offices, attracting a diverse range of shoppers. Annual footfall reaches approximately 10 million visitors, driven by its position in the fastest-growing sector of metropolitan San Jose, near Juan Santamaria International Airport. Occupancy stands at around 95%, reflecting strong demand in a market with limited high-end retail options. Leasing advantages include high visibility from improved infrastructure like a dedicated exit ramp and tunnel, ample underground parking, and modern, spacious design that supports robust sales volumes. However, the steep topography poses ongoing access challenges during peak traffic, and competition from nearby Plaza Real Alajuela impacts certain categories like fast-casual dining. Rent levels average $25-35 per square meter per month, competitive for the regions demographics of middle-income families and airport-related traffic. Operational quality is high with clean facilities, but potential saturation in apparel sectors requires careful positioning for new tenants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Walmart,Cinemark,Auto Mercado&quot;,&quot;distance&quot;:16.76,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;150000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart,Cinemark,Auto Mercado&quot;}},{&quot;id&quot;:5613,&quot;slug&quot;:&quot;plaza-los-colegios&quot;,&quot;name&quot;:&quot;Plaza Los Colegios&quot;,&quot;lat&quot;:&quot;9.9621281&quot;,&quot;lng&quot;:&quot;-84.0601849&quot;,&quot;property_type&quot;:&quot;&quot;,&quot;description&quot;:&quot;Plaza Los Colegios is a small neighborhood shopping center situated in San Vicente, Moravia, San José Province, Costa Rica, along Avenida 65 in the Los Colegios area. This compact retail property, with an estimated GLA of under 5,000 square meters, caters primarily to local residents through a tenant mix emphasizing convenience retail, quick-service dining, and basic services. Key tenants include international chains like KFC and Papa John\&quot;s for fast food, alongside local boutiques such as Wappa Fashion and various convenience stores offering everyday essentials. The center positions itself as a community-oriented venue rather than a destination mall, drawing from Moravia\&quot;s population of approximately 67,600, which features a middle-income demographic with average household incomes around CRC 1.5 million monthly (equivalent to about $2,800 USD). This supports consistent demand for affordable shopping and dining options. Leasing advantages encompass relatively low rent levels, typically $10-15 per square meter per month, making it attractive for small independent retailers and startups compared to larger urban malls where rates exceed $25 per square meter. Accessibility is facilitated by proximity to Ruta 102 and public bus routes, though limited parking (around 100 spaces) may constrain peak-hour visits. Operational quality is standard, with no major infrastructure issues reported, but the aging design from the early 2000s could require updates. Market factors include Costa Rica\&quot;s retail sector growth at 4-5% annually, bolstered by urban expansion in the Central Valley; however, challenges arise from nearby competition like Lincoln Plaza, which boasts higher occupancy (95%) and diverse anchors drawing regional footfall. Plaza Los Colegios maintains 85-90% occupancy, with footfall estimated at 500-1,000 daily visitors, sufficient for local trade but vulnerable to economic slowdowns impacting discretionary spending in middle-class areas.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Moravia&quot;},&quot;anchor_tenants&quot;:&quot;500000&quot;,&quot;distance&quot;:34.52,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;500000&quot;}},{&quot;id&quot;:8011,&quot;slug&quot;:&quot;plaza-el-encanto&quot;,&quot;name&quot;:&quot;Plaza El Encanto&quot;,&quot;lat&quot;:&quot;9.9167&quot;,&quot;lng&quot;:&quot;-84.1431&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza El Encanto, located in the upscale suburb of Escazú west of San José, Costa Rica, is a mid-sized open-air shopping boulevard spanning approximately 15,000 square meters with a gross leasable area of 25,000 square meters. It features around 40 retail units across two levels, with flexible spaces from 50 to 500 square meters and ample parking for 300 vehicles. The tenant mix comprises 35% fashion and accessories including Zara and local boutiques, 30% dining from casual cafes to mid-range restaurants, 20% services such as banks and pharmacies, and 15% specialty stores like electronics and health products. Anchor tenants include Walmart, Cinemark, and AutoMercado, emphasizing lifestyle and convenience retail. Occupancy stands at 92%, aligning with Escazú&#39;s low 8% vacancy rate, supported by stable demand in a robust retail sector. Average rent levels range from $25 to $35 per square meter monthly, with common area maintenance fees of $5 per square meter and lease terms of 5-7 years including 5-7% annual escalations and incentives like rent-free periods. Footfall averages 5,000 visitors on weekdays and 8,000-10,000 on weekends, totaling 125,000 monthly and 1.5 million annually, driven by proximity to office parks and residential areas. The market position focuses on niche convenience for affluent locals and expatriates, with high operational quality but facing competition from larger enclosed malls. Leasing advantages include competitive rents below premium centers like Multiplaza Escazú ($45-60 per square meter), flexible terms, and co-tenancy clauses, though challenges involve dining category saturation and e-commerce growth. Accessibility via Route 27 offers 20-minute access to San José and 15 minutes to the airport, enhanced by public transport, yet peak-hour traffic congestion poses risks. Demographic profile features high-income households ($4,500 monthly median) and 20% expatriates, supporting premium categories but vulnerable to economic fluctuations in tech sectors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, AutoMercado&quot;,&quot;distance&quot;:29.53,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, AutoMercado&quot;}},{&quot;id&quot;:8114,&quot;slug&quot;:&quot;plaza-del-peaje&quot;,&quot;name&quot;:&quot;Plaza Del Peaje&quot;,&quot;lat&quot;:&quot;9.9202446&quot;,&quot;lng&quot;:&quot;-84.1390855&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Del Peaje is a compact retail center in Escazú, Costa Rica, positioned next to the Route 27 toll booth, providing high visibility to commuters traveling between San José and western areas. Covering about 4,500 sqm of gross leasable area, the property reports 87% occupancy based on 2025 commercial real estate data from local directories. Tenant mix emphasizes convenience retail, including a mid-sized supermarket, pharmacy, quick-service restaurants, and basic services like auto repair and banking ATMs, serving everyday needs of nearby residents. Escazú functions as a premium suburban market with a demographic of upper-middle-income families and expatriates, where average annual household income exceeds $75,000, driving demand for accessible shopping. Leasing opportunities feature rents of $19-26 per sqm monthly, lower than the district average of $35-50 at larger venues like Multiplaza Escazú, with flexible terms including 3-year minimums and common area maintenance included. Advantages encompass strong highway accessibility and 150 parking spaces, supporting operational efficiency. However, drawbacks involve peak-hour traffic delays at the toll, potentially reducing footfall by 20-30%, alongside competition from established malls offering diverse entertainment and dining. The center operational quality is fair, with some infrastructure dating to the early 2000s requiring updates for energy efficiency. Overall, it suits low-overhead retailers targeting local capture in a growing area with 5% annual population increase.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, AutoMercado, Local Retailers&quot;,&quot;distance&quot;:29.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, AutoMercado, Local Retailers&quot;}},{&quot;id&quot;:8237,&quot;slug&quot;:&quot;plaza-tibas&quot;,&quot;name&quot;:&quot;Plaza Tibás&quot;,&quot;lat&quot;:&quot;9.9622529&quot;,&quot;lng&quot;:&quot;-84.0701938&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Tibás is a neighborhood shopping center located in Tibás, a densely populated district of San José, Costa Rica, approximately 200 meters east of the local fire station on the main street. Spanning a modest size suitable for local retail, it serves the immediate community with everyday shopping needs. The tenant mix includes practical stores such as Tienda Sur for hardware and paints, restaurants like Tumis House offering casual dining, and various small independent retailers focusing on apparel, services, and groceries. Positioned in the heart of Tibás, which has a population exceeding 75,000 residents, the plaza benefits from high local footfall driven by residential density and proximity to public transportation routes. Accessibility is strong via major avenues like Avenida Central and local buses, though parking may be limited during peak hours. Market reports indicate occupancy rates around 85-90% for similar local centers in San José, with average rents ranging from 10-15 colones per square meter per month (approximately $0.02-0.03 USD), making it attractive for small to medium retailers seeking affordable entry into the urban market. The surrounding area features a middle to lower-middle income demographic, with household incomes averaging 500,000-800,000 colones monthly, supporting steady demand for value-oriented retail. Leasing advantages include flexible terms for short-term pop-ups and low overhead costs, though challenges arise from competition with larger regional malls like Multiplaza and potential infrastructure wear in an established urban zone. Overall, it offers stable local performance but limited growth potential beyond neighborhood capture.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;EPA,Burger King,Local Stores&quot;,&quot;distance&quot;:33.52,&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;EPA,Burger King,Local Stores&quot;}},{&quot;id&quot;:8148,&quot;slug&quot;:&quot;plaza-de-la-cultura&quot;,&quot;name&quot;:&quot;Plaza De La Cultura&quot;,&quot;lat&quot;:&quot;9.9335379&quot;,&quot;lng&quot;:&quot;-84.0769962&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza de la Cultura is a central public square in downtown San José, Costa Rica, constructed between 1975 and 1983 atop the Pre-Columbian Gold Museum and Numismatic Museum. Located on Avenida Central in the Catedral district, it serves as a key urban hub for cultural activities, street performances, and social gatherings, drawing significant footfall from locals and tourists. The area features informal retail through street vendors offering crafts, snacks, and souvenirs, complemented by nearby commercial spaces including Multicentro San José for diverse shopping, dining, and entertainment options. Surrounding tenant mix includes specialty stores like Nike for sportswear, Baula Souvenir Shop for handicrafts, Importadora Monge for electronics, and markets such as the Municipal Crafts Market. Market position is strong due to its proximity to landmarks like the National Theater and Metropolitan Cathedral, ensuring high visibility and accessibility via public transport and walking paths. Leasing advantages include exposure to a mixed demographic of urban residents and international visitors, with estimated daily footfall in the thousands during peak hours, particularly late afternoons. Occupancy in adjacent retail areas remains stable at around 85-90% based on central San José commercial trends, with rent levels averaging 15-25 USD per square meter monthly for ground-level spaces. However, challenges include urban congestion, informal vending competition, and potential security concerns in a high-traffic public space. Operational quality is moderate, with good pedestrian access but limited structured parking, influencing retail performance toward experiential and quick-service categories rather than large-format stores. Contextual factors like Costa Ricas tourism recovery post-pandemic boost visitor spending, yet market saturation in souvenirs and crafts may pressure new entrants to differentiate offerings.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Museo del Oro Precolombino,Museo Numismático&quot;,&quot;distance&quot;:34.35,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;Museo del Oro Precolombino,Museo Numismático&quot;}},{&quot;id&quot;:5611,&quot;slug&quot;:&quot;plaza-real-alajuela&quot;,&quot;name&quot;:&quot;Plaza Real Alajuela&quot;,&quot;lat&quot;:&quot;10.0129183&quot;,&quot;lng&quot;:&quot;-84.2073733&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Real Alajuela is a 25,000 sqm gross leasable area shopping center in Alajuela, Costa Rica, constructed in 2015 across four floors with approximately 50 stores. It functions as a regional anchor serving the province&#39;s 350,000 residents, primarily middle-income households. Tenant mix prioritizes everyday needs and leisure: 30% fashion (Mango, KAI), 20% services (Claro telecom, Super Salon), 25% food and beverage (16 outlets including Starbucks, McDonald&#39;s), and 15% entertainment (Nova Cinemas anchor). Occupancy remains at 92%, with 5% vacancy and low turnover, aligning with regional retail averages of 92%. Annual footfall totals 2.5 million, with 4,000-6,000 daily visitors and 45-minute average dwell time; 20% are repeat visits. Rent levels average $28/sqm/month ($25-35 range) for 50-500 sqm spaces under 5-10 year leases with CPI adjustments. Accessibility includes 800 parking spots and 5 km proximity to Juan Santamaria Airport, though Route 1 congestion reduces impulse traffic by 10-15%. Market position leverages local events and airport-related transient visitors, with 3% annual growth potential and 10 planned new tenants. Leasing advantages encompass category balance, flexible terms, and underserved wellness segments, fostering stable performance for essentials-focused retailers amid 90 purchasing power index. Challenges involve apparel saturation, e-commerce erosion (30% adoption), and competition from larger venues like City Mall, which boasts 20% higher footfall due to superior amenities.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Nova Cinemas, Starbucks, McDonald&#39;s&quot;,&quot;distance&quot;:17.57,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Nova Cinemas, Starbucks, McDonald&#39;s&quot;}},{&quot;id&quot;:7128,&quot;slug&quot;:&quot;centro-comercial-el-cruce&quot;,&quot;name&quot;:&quot;Centro Comercial El Cruce&quot;,&quot;lat&quot;:&quot;9.9665435&quot;,&quot;lng&quot;:&quot;-84.0220637&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial El Cruce is a neighborhood shopping center in San Rafael de Escazú, San José, Costa Rica, at the intersection of Autopista Próspero Fernández and Carretera John F. Kennedy. Opened in 2005, it spans 15,000 square meters of gross leasable area across single-level units, targeting convenience-oriented retail. Privately owned, it hosts about 30 stores with a tenant mix focused on fast-casual dining (Perro Loco, Dukes Texan BBQ, Quiznos), wellness services (Mandala Bienestar Y Belleza), and utility tenants (Backline Studios, industrial suppliers). Categories show high density in casual dining and professional services, but medium diversity and saturation in food outlets. Occupancy is 92%, consistent with regional averages over 95%. Monthly footfall averages 62,500 visitors, drawn from a 5 km radius population of 150,000 (0.8% annual growth), featuring affluent households (median income $45,000-$60,000), 25% expatriates, and families aged 25-54. Annual sales per square meter reach $6,500 USD. Rents range $18-28 per square meter monthly for ground-floor spaces ($20-30 average including 10-15% CAM fees), under triple-net leases of 3-5 years with 5-7% escalations and 5-8% percentage rents over thresholds. Accessibility leverages high-traffic highways (15-20 minutes to San José center) and 100 parking spaces for 500,000+ daily vehicles, though public transit is limited. Positioned in upscale Escazú near corporate hubs like Hospital CIMA, it serves local convenience needs but competes with larger centers like Multiplaza Escazú (2 km away). Strengths include low vacancy, stable retention, and competitive rents; drawbacks involve congestion, access issues (tolls, construction), economic risks, and aging utilities. Moderate 2.5% annual growth potential exists amid new supply pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Perro Loco, Local Shops&quot;,&quot;distance&quot;:38.19,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;30&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Perro Loco, Local Shops&quot;}},{&quot;id&quot;:8110,&quot;slug&quot;:&quot;city-mall-2&quot;,&quot;name&quot;:&quot;City Mall&quot;,&quot;lat&quot;:&quot;10.0044368&quot;,&quot;lng&quot;:&quot;-84.2114553&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;City Mall Alajuela, located adjacent to Juan Santamaría International Airport in Alajuela, Costa Rica, spans approximately 130,000 square meters of gross leasable area and opened in 2018. It serves as a regional retail hub with over 200 stores, attracting around 416,666 monthly visitors, or about 14,000 daily, bolstered by proximity to the airport handling over 5 million passengers annually. The tenant mix is diversified: 40% dedicated to fashion and accessories featuring anchors like Zara and H\u0026M, which account for 30% of sales from international brands; 25% to food and beverage with a mix of local and global options; 15% to electronics and home goods; and 20% to entertainment and services, including Cinemark cinemas. Occupancy stands at 95%, reflecting strong demand in a market with national vacancy rates of 6-8%. Prime rents range from $25-35 per square meter monthly, competitive compared to San José averages but influenced by 5-7% annual inflation. The mall targets middle to upper-middle income demographics in Alajuela Province (population ~350,000, median household income ~$25,000 USD), with broader appeal to the 1.85 million in the region, characterized by urban families, professionals, and airport transients. Accessibility is a strength via the Autopista General Cañas highway, though peak-hour traffic on Route 1 can cause delays. Market position benefits from tourism and local manufacturing growth, yet faces challenges from e-commerce penetration (20% shift) and nearby competitors like Multiplaza Escazú. Leasing advantages include medium flexibility for spaces of 500-5,000 sqm and high conversion rates (30%), but risks involve economic volatility impacting discretionary spending and category saturation in fashion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;EPA, Auto Mercado, Cinemark&quot;,&quot;distance&quot;:17.67,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;280&quot;,&quot;gla_sqm&quot;:&quot;130000&quot;,&quot;anchor_tenants&quot;:&quot;EPA, Auto Mercado, Cinemark&quot;}},{&quot;id&quot;:7549,&quot;slug&quot;:&quot;plaza-heredia&quot;,&quot;name&quot;:&quot;Plaza Heredia&quot;,&quot;lat&quot;:&quot;9.9959115&quot;,&quot;lng&quot;:&quot;-84.1121405&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Heredia serves as a neighborhood shopping center in Heredia, Costa Rica, within the Central Valley metropolitan area. Spanning approximately 15,000 square meters, it caters to local residents with a tenant mix focused on convenience retail, including grocery anchors, butcher shops, electronics outlets like Extreme Tech, and specialty stores. Food and beverage occupies about 30% of the space, featuring McDonald&#39;s, sushi venues, and ice cream shops, while essential services and banking fill another 50%. The remaining 20% comprises leisure and personal care options. Positioned as a secondary retail asset, it benefits from Heredia&#39;s 120,000 residents and student population from nearby universities, drawing middle-income families for daily needs. Market reports indicate Costa Rica&#39;s retail sector grew 2.5% in 2023, supporting stable performance here. Occupancy averages 82%, with footfall estimated at 1,000-1,500 daily visitors, lower than regional hubs but consistent for local trade. Leasing advantages include accessible rents of $8-12 per square meter monthly under triple net terms, secure parking for 300+ vehicles, and proximity to public transport routes. Drawbacks encompass competition from larger malls like Oxígeno, occasional infrastructure aging, and parking constraints during peaks, potentially impacting visibility for non-anchor tenants. Overall, it suits retailers targeting everyday essentials in a saturated yet resilient market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;McDonald&#39;s, Sushi Home&quot;,&quot;distance&quot;:27.81,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;McDonald&#39;s, Sushi Home&quot;}},{&quot;id&quot;:6667,&quot;slug&quot;:&quot;plaza-ocotal&quot;,&quot;name&quot;:&quot;Plaza Ocotal&quot;,&quot;lat&quot;:&quot;9.9202446&quot;,&quot;lng&quot;:&quot;-84.1390855&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Ocotal is an open-air shopping center in Escazú, Costa Rica, situated in the upscale western suburb of San José, about 10 km from the city center. Developed in the mid-2000s, it covers approximately 6,000 square meters with 25 tenant spaces, emphasizing convenience retail, dining, and services for local residents. The tenant mix comprises a supermarket anchor (e.g., similar to Mas x Menos), mid-range fashion outlets, pharmacies, banks, and casual restaurants including Costa Rican and international cuisine options like pizza and coffee shops. Escazús position as an affluent enclave with high human development index (0.867 per UN data) supports steady performance, with occupancy at 87% as of recent market reports. Daily footfall estimates range from 2,000 to 4,000 visitors, bolstered by proximity to residential neighborhoods and office parks. Rent levels average $28-35 per square meter monthly, competitive against larger venues like Multiplaza ($45-60), providing entry opportunities for smaller retailers. Accessibility via the Route 27 expressway is favorable, offering 300 free parking spaces, though peak-hour traffic from San José can delay access by 15-20 minutes. Demographics feature upper-middle-class locals and 35% expats, with average household incomes over $6,000 monthly, favoring quality everyday goods. Operational aspects include modern layout but some aging facades needing updates. Leasing benefits encompass lower costs and targeted local traffic, yet challenges arise from intense competition, limited national draw, and occasional infrastructure maintenance issues in a saturated retail market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Auto Mercado, local brands&quot;,&quot;distance&quot;:29.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;55&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Auto Mercado, local brands&quot;}},{&quot;id&quot;:8594,&quot;slug&quot;:&quot;terrazas-de-curridabat&quot;,&quot;name&quot;:&quot;Terrazas De Curridabat&quot;,&quot;lat&quot;:&quot;9.915496&quot;,&quot;lng&quot;:&quot;-84.0357966&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Terrazas de Curridabat is a suburban retail center in Curridabat, San José, Costa Rica, with 18,000 sqm GLA targeting middle to upper-middle income locals. The trade area covers 150,000 residents in a 5km radius, median age 32, household incomes averaging $2,500 monthly, comprising professionals, young families, and expats (15% of population). Tenant mix features 50% fashion and accessories (brands like H\u0026M, local boutiques), 25% food and beverage (quick-service and casual dining), 15% electronics and services (pharmacies, banks), and 10% entertainment (small cinema). Occupancy holds at 88%, aligned with Costa Ricas suburban average, supported by 4-5% annual retail growth through 2031 per market reports. Footfall averages 6,000 daily on weekdays, peaking at 12,000 weekends, driven by residential proximity and 80% vehicle ownership. Rent levels at $15-22 per sqm monthly offer value compared to urban centers ($25+), with flexible leasing for 3-5 year terms. Accessibility via Route 32 is convenient but prone to congestion, impacting 10% of peak traffic. Strengths include synergistic tenant mix enhancing 1.5-hour dwell times and modern facilities with 1,200 parking spots. Drawbacks involve competition from Multiplaza Curridabat (50,000 sqm, higher draws), e-commerce capturing 15% sales, and economic ties to tourism volatility. Operational quality is solid, though minor infrastructure updates needed for elevators and HVAC.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Auto Mercado, Supermarket, Local Brands&quot;,&quot;distance&quot;:39.26,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Auto Mercado, Supermarket, Local Brands&quot;}},{&quot;id&quot;:7548,&quot;slug&quot;:&quot;plaza-escazu-village&quot;,&quot;name&quot;:&quot;Plaza Escazú Village&quot;,&quot;lat&quot;:&quot;9.9343&quot;,&quot;lng&quot;:&quot;-84.12985&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Escazú Village forms the retail core of the Escazú Village mixed-use development in Escazú, Costa Rica, covering 2.6 hectares at the suburb&#39;s main entrance. Completed in 2018 with a $100 million investment, it integrates commercial spaces with residential apartments and an 11-story office tower, fostering a self-contained community environment. The tenant mix emphasizes lifestyle and convenience, featuring banks, showrooms, restaurants, cafes, fitness centers, bars, and entertainment venues, appealing to upscale consumers. In the prosperous Escazú area, known for high development and expatriate presence, the plaza holds a mid-tier market position, benefiting from proximity to San José while offering a localized alternative to larger regional malls. Leasing advantages include competitive rent levels of $20-30 per square meter monthly, significantly below Multiplaza Escazú&#39;s $45-60, enabling accessible entry for emerging retailers in fashion, dining, and services. Accessibility via Route 27 highway ensures 15-20 minute commutes from the capital, supporting estimated daily footfall of 5,000-8,000 visitors driven by residential traffic and local events. Demographic profile targets upper-middle to high-income professionals, families, and expats with household incomes over $80,000 annually, exhibiting strong spending on premium goods. Occupancy stands at approximately 92%, reflecting regional stability, with operational quality highlighted by modern, sustainable design including energy-efficient systems. Potential challenges encompass intense competition from nearby Multiplaza, which boasts higher footfall and anchor tenants, market saturation in dining categories, and vulnerability to Costa Rica&#39;s economic volatility tied to tourism and global trade. Infrastructure remains contemporary without aging issues, though traffic congestion could impact peak-hour accessibility. Overall, the plaza suits retailers seeking balanced exposure in a growing affluent suburb, but requires differentiation to counter established competitors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Auto Mercado, Yard House, Old Navy, iShop&quot;,&quot;distance&quot;:29.45,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Auto Mercado, Yard House, Old Navy, iShop&quot;}},{&quot;id&quot;:8270,&quot;slug&quot;:&quot;city-place-curridabat&quot;,&quot;name&quot;:&quot;City Place Curridabat&quot;,&quot;lat&quot;:&quot;9.935686&quot;,&quot;lng&quot;:&quot;-84.1897499&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;City Place Curridabat is an upscale mixed-use development in the Curridabat district of San José, Costa Rica, combining retail, office, and residential spaces. Opened in recent years, it spans approximately 50,000 square meters of gross leasable area, positioning itself as a modern hub in one of San José&#39;s affluent eastern suburbs. The property benefits from strong accessibility via the General Cañas Highway and local roads, drawing from a growing population of over 70,000 residents in Curridabat, characterized by middle to upper-middle class families, professionals, and expatriates. Tenant mix includes anchor stores like international fashion brands (e.g., Zara, H\u0026M equivalents), a major supermarket, electronics outlets, and a variety of dining options from fast-casual to upscale restaurants, complemented by entertainment facilities such as a multi-screen cinema. Market position is competitive within the San José metropolitan retail landscape, where occupancy rates average 92% according to Colliers International reports, supported by Costa Rica&#39;s stable economy and tourism recovery post-2020. Leasing advantages include flexible space configurations from 100 to 5,000 square meters, competitive base rents around $25-35 per square meter monthly, and incentives like rent-free periods for qualifying tenants. However, challenges include seasonal footfall variations, with peaks during holidays and weekends reaching 15,000 daily visitors, but lower mid-week traffic. The area features low vacancy but faces competition from nearby Multiplaza Escazú and Momentum Pinares, emphasizing the need for differentiated retail concepts. Overall, it offers solid potential for retailers targeting urban professionals, though infrastructure upgrades in surrounding roads could enhance long-term performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, Zara, Auto Mercado&quot;,&quot;distance&quot;:24.34,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, Zara, Auto Mercado&quot;}},{&quot;id&quot;:5627,&quot;slug&quot;:&quot;plaza-hatillo&quot;,&quot;name&quot;:&quot;Plaza Hatillo&quot;,&quot;lat&quot;:&quot;9.9163773&quot;,&quot;lng&quot;:&quot;-84.0979858&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Hatillo is a compact neighborhood shopping center in the Hatillo district of San José, Costa Rica, catering to local residents in a urban setting with around 50,000 inhabitants. Positioned along key local roads, it provides essential retail services with a tenant mix focused on daily necessities, including a supermarket (Mas x Mas), home improvement store (Casa Blanca), bakery, hardware shop, shoe retailer, general bazaar, bank branch, and ATMs. The center occupies approximately 5,000-7,000 sqm, emphasizing convenience over luxury. In the broader San José retail market, which sees annual sales growth of 3-5% per commercial real estate reports, Plaza Hatillo holds a stable position as a community hub with high occupancy rates typical of Costa Rican strip centers at 95-100%. Leasing advantages include affordable rents of $15-25 per sqm monthly, short-term flexibility for small retailers, and consistent footfall from nearby housing and transit routes. Accessibility is strong via public buses and proximity to Circunvalación avenue, though vehicular traffic can be heavy. Drawbacks encompass limited expansion potential, aging facilities in some sections, and competition from e-commerce for non-essential goods. The demographic profile supports value-driven retail, but economic pressures in lower-middle income areas may cap premium pricing. Overall, it suits budget-conscious tenants seeking reliable local traffic without the costs of prime malls.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket&quot;,&quot;distance&quot;:33.45,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket&quot;}},{&quot;id&quot;:7120,&quot;slug&quot;:&quot;plaza-los-reyes&quot;,&quot;name&quot;:&quot;Plaza Los Reyes&quot;,&quot;lat&quot;:&quot;9.9458918&quot;,&quot;lng&quot;:&quot;-84.2740697&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Plaza Los Reyes is a strip-style neighborhood shopping center in the upscale Hacienda Los Reyes gated community in Guacima, Alajuela, Costa Rica, situated 15 minutes from Juan Santamaria International Airport and 25 minutes west of San Jose. Spanning approximately 5,000 square meters of gross leasable area across 16 retail spaces on 2 levels, it functions as a convenience hub for a primary catchment of 5,000 affluent residents in adjacent neighborhoods. The tenant mix prioritizes everyday needs, anchored by Automercado supermarket (40% of space), with supporting tenants including pharmacies, opticians, bakeries, quick-service eateries, and basic apparel outlets, balanced as 50% food and grocery, 30% health and services, and 20% discretionary retail. Occupancy remains steady at 90%, driven by low tenant turnover and interest from national chains establishing local presence. Rents average $18 to $25 per square meter monthly, inclusive of common area maintenance (20% of gross), with typical lease terms of 3-5 years featuring renewal options and annual escalations tied to CPI (3-5%). Footfall is predictable at 2,000-3,000 daily visitors, rising to 4,000 on weekends, yielding 1.2 million annually, though 70% stems from supermarket traffic and external draw is limited to under 20%. In Alajuela&#39;s expanding western corridor, the mall holds a stable market position as a captive convenience center amid residential growth, with sales per square meter estimated at $4,000-6,000 for non-anchor tenants and average dwell time of 90 minutes. Leasing advantages encompass reliable local traffic, proximity to Route 1 for vehicle access, and opportunities for community events boosting engagement, though broader regional appeal is constrained compared to larger centers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Auto Mercado&quot;,&quot;distance&quot;:17.91,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;Auto Mercado&quot;}},{&quot;id&quot;:8355,&quot;slug&quot;:&quot;plaza-city-place&quot;,&quot;name&quot;:&quot;Plaza City Place&quot;,&quot;lat&quot;:&quot;9.935686&quot;,&quot;lng&quot;:&quot;-84.1897499&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza City Place, located in the upscale Lindora district of Santa Ana, Costa Rica, is a mixed-use development combining retail, office, and entertainment spaces totaling approximately 2,500 m². Situated near the Ruta 27 highway, it benefits from strong accessibility to San José and surrounding suburbs, drawing from an affluent demographic of professionals, expats, and families with average household incomes exceeding $50,000 annually in the area. The tenant mix emphasizes lifestyle retail, including a variety of restaurants via the Via Gourmet gastro market, cafes, a cinema, gym, and co-working facilities, fostering a vibrant, community-oriented environment. Occupancy rates stand at around 90%, reflecting robust demand in this premium segment. Annual footfall is estimated at 500,000 visitors, supported by its position in a growing commercial hub. Leasing advantages include competitive rent levels of $20-30 per square meter monthly for ground-floor retail, flexible terms suited for small to medium retailers, and synergies with office traffic for daytime sales. However, the property faces challenges from nearby competitors like Multiplaza Escazú and Plaza Lindora, which offer larger formats and broader anchors, potentially diluting footfall. Market saturation in dining categories and occasional traffic congestion on access routes could impact operational efficiency. Overall, it positions well for niche retailers targeting high-end consumers in a stable, expanding retail market projected to grow 4-6% annually through 2031.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Santa Ana&quot;},&quot;anchor_tenants&quot;:&quot;Hilton Garden Inn, Studio Cinema, Expo Design&quot;,&quot;distance&quot;:24.34,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Hilton Garden Inn, Studio Cinema, Expo Design&quot;}},{&quot;id&quot;:7571,&quot;slug&quot;:&quot;plaza-concepcion&quot;,&quot;name&quot;:&quot;Plaza Concepción&quot;,&quot;lat&quot;:&quot;9.9060735&quot;,&quot;lng&quot;:&quot;-83.9880863&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Concepción is a community-oriented shopping center located in Concepción, Tres Ríos, within the La Unión canton of Cartago Province, Costa Rica. This modest retail property spans approximately 5,000 square meters and serves as a local hub for residents in this suburban area approximately 20 kilometers east of San José. Opened in the early 2010s, it caters primarily to everyday shopping needs with a focus on convenience and affordability. The tenant mix includes a central supermarket anchoring the plaza, alongside home furnishings and decor stores, a variety of small specialty retailers offering clothing, electronics, and household items, and a selection of food and beverage outlets such as Mexican cuisine at Chorys and seafood at T PezQué. Additional services encompass pharmacies, banks, and basic wellness options. In terms of market position, Plaza Concepción benefits from the steady population growth in Tres Ríos, a residential district with expanding middle-income households driven by proximity to the capital and natural attractions like the Turrialba Volcano. The area demographic profile features families with average household incomes around CRC 800,000 monthly, emphasizing value-driven purchases. Occupancy stands at about 85-90% as of late 2024, supported by stable local demand despite broader economic pressures in Costa Rica retail sector, where overall vacancy rates hover at 12% per recent commercial reports. Footfall averages 3,000-4,000 visitors daily on weekdays, peaking to 6,000 on weekends, bolstered by easy access via Route 202 and public transport links. Rent levels are competitive at CRC 8-12 per square meter monthly for ground-floor spaces, lower than urban malls like Multiplaza Escazú, making it attractive for small-to-medium retailers entering the East Valley market. Leasing advantages include flexible terms with options for 3-5 year commitments, shared marketing initiatives, and lower operational costs due to the centers efficient layout and modern utilities. However, challenges include seasonal dips in traffic during rainy periods and limited draw from tourists compared to larger destinations. Overall, it offers balanced opportunities for retailers targeting local loyalty in a market with moderate saturation in convenience categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tres Ríos&quot;},&quot;anchor_tenants&quot;:&quot;Mon Supermarket, Clothing Stores&quot;,&quot;distance&quot;:44.35,&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;Mon Supermarket, Clothing Stores&quot;}},{&quot;id&quot;:7121,&quot;slug&quot;:&quot;plaza-quesada&quot;,&quot;name&quot;:&quot;Plaza Quesada&quot;,&quot;lat&quot;:&quot;10.3402894&quot;,&quot;lng&quot;:&quot;-84.4439535&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Quesada is a compact local shopping center located in the heart of Ciudad Quesada, a residential urbanizacion in Rojales municipality, Alicante province, Spain. Developed in the 1970s as part of the areas growth, it serves the community of approximately 13,000 to 20,000 residents, with a high proportion of international expats including British, Norwegian, and other Europeans, comprising over 70% of the population. The center features a mix of retail tenants such as jewelry stores like Joyeria Hernandez, clothing boutiques, optical shops, coffee shops, and small eateries, alongside nearby supermarkets including Mercadona and Consum. Positioned along the main high street (Avenida Antonio Quesada), it benefits from convenient access via the N-332 coastal road and A-7 motorway, with Alicante Airport 40 km north and Murcia Airport 30 km south. Footfall is driven by local residents and seasonal visitors drawn to the nearby La Marquesa golf course, Aquarama water park, and beaches in Guardamar del Segura (10 minutes drive). Occupancy rates in similar small Costa Blanca centers hover around 85-90%, per regional commercial reports, supported by stable demand from the expat demographic. Leasing advantages include relatively low base rents estimated at 20-40 euros per sqm annually, flexible short-term options suitable for pop-ups, and minimal competition within the immediate neighborhood for everyday retail. However, the centers small scale limits anchor tenants, and performance relies on year-round local traffic rather than high-volume tourism. Market factors include the areas mild Mediterranean climate with 325 sunny days annually, fostering outdoor shopping appeal, but challenges arise from proximity to larger regional malls like Habaneras (5-10 minutes away) which offer broader tenant mixes and higher footfall exceeding 10 million visitors yearly. Overall, it suits niche retailers targeting affluent retirees and families seeking convenience over destination shopping.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Rojales&quot;},&quot;anchor_tenants&quot;:&quot;CCM Cinemas, Payless Shoes, Local Supermarket&quot;,&quot;distance&quot;:29.78,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;CCM Cinemas, Payless Shoes, Local Supermarket&quot;}},{&quot;id&quot;:8346,&quot;slug&quot;:&quot;plaza-krece&quot;,&quot;name&quot;:&quot;Plaza Krece&quot;,&quot;lat&quot;:&quot;9.9280694&quot;,&quot;lng&quot;:&quot;-84.0907246&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Krece is a shopping mall in San José, Costa Rica, with 20,000 square meters of gross leasable area, built in 2005 and owned by Grupo Altamira. It spans two levels and hosts 50 stores, anchored by Walmart, Cinemark, and a supermarket, forming a high-level tenant mix across five concepts focused on retail, dining, and entertainment. Monthly footfall averages 125,000 visitors, with 500,000 total annual visitors and 45-minute average dwell time. The trade area covers 150,000 people, average age 31.3 years, household size 3.0 persons. Accessibility is high, with 800 parking spaces, though infrastructure rates moderate. Competition is high at 3 malls per square kilometer. Average rent stands at 25 USD per square meter, with lease terms of 3-5 years and minimum space of 1,000 square meters. Economic context includes average annual income of 15,000 USD, 8.1 percent inflation, and consumer confidence index of 85. Monthly spending averages 2,000 USD, allocated as 358 USD to fashion, 1,500 USD to dining, and 300 USD to entertainment. Visit motivations: 40 percent shopping, 35 percent dining, 25 percent home decor. The mall hosts 12 events yearly, plans 10 new tenants, and anticipates 5 percent growth. Strengths for leasing include strong anchors driving traffic and sales synergy; drawbacks encompass high competition risking market saturation, moderate infrastructure potentially leading to maintenance issues, low safety perceptions despite 24/7 surveillance, and urban access challenges in San José affecting footfall consistency.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, Supermarket&quot;,&quot;distance&quot;:33.39,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, Supermarket&quot;}},{&quot;id&quot;:8538,&quot;slug&quot;:&quot;plaza-alajuelita&quot;,&quot;name&quot;:&quot;Plaza Alajuelita&quot;,&quot;lat&quot;:&quot;9.90163&quot;,&quot;lng&quot;:&quot;-84.10042&quot;,&quot;property_type&quot;:&quot;Community&quot;,&quot;description&quot;:&quot;Plaza Alajuelita, also known as Centro Comercial El Encuentro Alajuelita, is a recently opened open-air shopping center in the Alajuelita district of San Jose province, Costa Rica, inaugurated in mid-2023. Spanning a compact footprint with approximately 30 retail units, it targets local convenience and family-oriented shopping in a high-density residential area within the Greater Metropolitan Area (GAM). The property features 200 parking spaces, free WiFi, pet-friendly policies, and 24/7 security, enhancing accessibility and appeal for everyday visits. Tenant mix includes a balanced selection of fashion (e.g., Diane \u0026 Geordi, Van Heusen), electronics (RadioShack), supermarkets, dining options, and services, with 80% occupancy at launch indicating strong initial demand. Positioned in a canton with 81,000 residents and growing at 1-2% annually, it serves middle-income households averaging $1,000-1,500 monthly, focusing on active families and young professionals in a zone with limited prior retail infrastructure. Market context shows Costa Ricas retail sector with 92% national occupancy but saturation in urban GAM areas, where small plazas like this fill gaps between large regional malls. Leasing advantages encompass flexible terms for smaller spaces (50-200 sqm), lower rents compared to premium centers ($20-30/sqm/month), and opportunities in underserved categories like wellness and casual dining, supported by projected footfall of 3,000-5,000 daily from local draw. However, challenges include heavy GAM traffic potentially reducing impulse buys by 10-15%, economic sensitivity in Costa Rica (inflation at 4-6% in 2023-2025), and competition from nearby established plazas drawing regional shoppers. Overall, it offers practical entry for mid-tier retailers seeking stable local traffic without high-end positioning risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuelita&quot;},&quot;anchor_tenants&quot;:&quot;Supercompro, McDonald&#39;s, Pizza Hut&quot;,&quot;distance&quot;:34.21,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;7566&quot;,&quot;anchor_tenants&quot;:&quot;Supercompro, McDonald&#39;s, Pizza Hut&quot;}},{&quot;id&quot;:6650,&quot;slug&quot;:&quot;universal-alajuela&quot;,&quot;name&quot;:&quot;Universal Alajuela&quot;,&quot;lat&quot;:&quot;10.0053402&quot;,&quot;lng&quot;:&quot;-84.2109524&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Universal Alajuela operates as a major department store anchor within City Mall Alajuela, Costa Rica&#39;s largest shopping center at over 2 million square feet across four levels. Opened in 2015 in the rapidly expanding metropolitan San Jose area, near Juan Santamaria International Airport, it draws significant footfall from local and tourist traffic. The tenant mix includes over 100 stores featuring international fashion, electronics, dining options, and a 10-screen cinema with 4D technology, complemented by Universal&#39;s 3,349 square meters of space offering apparel, home goods, toys, and beauty products. Occupancy stands at 100%, supported by modern infrastructure, ample underground parking, and accessibility via major highways like Radial Francisco J. Orlich. The surrounding demographics encompass a population of about 150,000 with average household incomes around $2,500, favoring middle-market retail. Leasing advantages encompass high visibility, strong operational quality, and synergistic traffic from anchors, with rent levels typically $25-35 per square meter monthly. Drawbacks include competition from premium malls like Multiplaza Escazu, potential saturation in fashion categories, and peak-hour access congestion impacting performance. Market reports indicate robust regional growth but highlight the need for differentiated offerings amid 10,000-15,000 weekend visitors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Carrion, Aliss, Universal, Cinemark&quot;,&quot;distance&quot;:17.66,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;185000&quot;,&quot;anchor_tenants&quot;:&quot;Carrion, Aliss, Universal, Cinemark&quot;}},{&quot;id&quot;:1731,&quot;slug&quot;:&quot;plaza-del-valle&quot;,&quot;name&quot;:&quot;Plaza Del Valle&quot;,&quot;lat&quot;:&quot;9.9582945&quot;,&quot;lng&quot;:&quot;-84.0778381&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Plaza del Valle is a longstanding neighborhood shopping center in San Juan de Tibás, San José, Costa Rica, operational for over 40 years and recently renovated for $5 million in 2021 by owner Grupo Cuestamoras to modernize facilities and attract new tenants. The property covers about 15,000 square meters with 52 retail spaces, maintaining 100% occupancy as of recent reports from El Financiero, reflecting strong local demand. Tenant mix emphasizes everyday essentials and family-oriented retail: anchor Auto Mercado supermarket occupies a significant portion, complemented by fashion outlets like Benetton and La Riviera, financial services from Banco de Costa Rica and Banco Nacional, telecommunications via Movistar, bookstore Librería Internacional, dining at Pizza Hut, and toy store Toys. This configuration supports convenient one-stop shopping for residents. The mall positions itself as a community hub in the Tibás district, serving a demographic of approximately 80,000 inhabitants, predominantly middle to lower-middle class families with average monthly incomes of $800-$1,200, high residential density, and proximity to employment in manufacturing and services. Accessibility benefits from multiple bus routes and nearness to the Tren Atlántico rail line, though urban traffic can pose challenges. Estimated annual footfall ranges from 600,000 to 900,000 visitors, based on patterns in similar Costa Rican neighborhood centers per commercial real estate analyses. Rent levels are competitive at $18-$25 per square meter per month, lower than regional malls like Multiplaza ($30+), offering cost-effective entry for small to mid-sized retailers. Leasing advantages include stable occupancy, loyal repeat customers from surrounding neighborhoods, and post-renovation improvements in operational quality such as enhanced lighting, air conditioning, and event spaces for promotions. Drawbacks involve limited regional draw compared to larger venues, vulnerability to local economic shifts amid Costa Ricas 4-6% inflation, and competition from e-commerce and nearby plazas like Plaza Tibás. Market context shows the San José retail sector recovering post-pandemic with average occupancies of 85-95%, but saturation with over 50 centers highlights the need for differentiated tenant mixes to sustain performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Private&quot;,&quot;distance&quot;:32.96,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;1&quot;,&quot;anchor_tenants&quot;:&quot;Private&quot;}},{&quot;id&quot;:8539,&quot;slug&quot;:&quot;plaza-moravia&quot;,&quot;name&quot;:&quot;Plaza Moravia&quot;,&quot;lat&quot;:&quot;9.9622&quot;,&quot;lng&quot;:&quot;-84.056&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza Moravia, situated in the Moravia district of San Jose, Costa Rica, about 8 km northeast of downtown, functions as a neighborhood shopping center with approximately 25,000 sqm of gross leasable area over 4 levels, constructed in 2012 and accommodating around 80 stores. The tenant mix prioritizes everyday essentials, comprising 40% grocery space anchored by Auto Mercado (5,000 sqm), 30% apparel and household goods, 20% services including pharmacies and banks, and 10% quick-service dining options like fast-food and coffee shops. Occupancy rate is 94%, surpassing the San Jose metropolitan average of 88%, bolstered by low tenant turnover and consistent local patronage. Daily footfall ranges from 6,000 to 10,000 visitors, equating to about 3 million annually, mainly from nearby middle-class residential zones. Accessibility is facilitated by proximity to Route 32, multiple bus lines, and 1,200 parking spaces, though peak-hour congestion and rainy season delays pose challenges. In the market, it holds a position as a convenience-oriented retail venue within a suburban area featuring a 10 km radius population of 250,000, where median household income exceeds the national average at around CRC 1.5 million monthly. Leasing benefits encompass competitive rates of $20-28 per sqm per month on a triple net structure, with 3-5 year minimum terms and escalations linked to CPI (averaging 3.5%), providing stability for essential retailers; however, additional common area maintenance fees of $5-7 per sqm and inflation risks apply. Strengths lie in the balanced category distribution minimizing internal competition and high repeat visitation at 30%, while weaknesses include sparse national brand representation, intense rivalry from the nearby upscale Lincoln Plaza (2 km distant), and susceptibility to e-commerce growth and economic variability affecting discretionary outlays. Operational aspects feature functional, clean environments, albeit with some pre-2010 infrastructure needing periodic maintenance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Auto Mercado, Cinemark, Van Heusen&quot;,&quot;distance&quot;:34.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;Auto Mercado, Cinemark, Van Heusen&quot;}},{&quot;id&quot;:7779,&quot;slug&quot;:&quot;escazu-village&quot;,&quot;name&quot;:&quot;Escazú Village&quot;,&quot;lat&quot;:&quot;9.933957&quot;,&quot;lng&quot;:&quot;-84.129771&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Escazú Village is a 50,000 square meter gross leasable area retail center located in Escazú, a prosperous suburb of San José, Costa Rica, at the intersection of Autopista 27 and upscale neighborhoods. Opened in 2018 on 2.6 hectares across three levels, it forms part of a mixed-use development integrating residential apartments and an office tower, serving a catchment of 2.5 million in the Central Valleys, with 100,000 residents within 10 km growing at 1.5% annually. The tenant mix features 150 stores in 15 concepts, emphasizing boutique and convenience retail without major department stores: 40% food and beverage including Yard House pub and Cacao Cartel, 30% services like pharmacies and medical offices, and 30% retail anchored by Auto Mercado supermarket. Occupancy holds steady at 92-95%, aligned with regional averages above 95%, supported by planned expansions adding 2,500 square meters and six new tenants in 2025. Average monthly footfall reaches 416,667 visitors, totaling 5 million annually, with 120-minute dwell times and 20% conversion rates, though peak congestion risks a 20% drop. Rents average 25 USD per square meter monthly, ranging 20-30 USD, with 3-5 year leases featuring 4% inflation escalations and 5-7% annual growth potential, offering competitive entry compared to nearby Multiplaza Escazús 45-60 USD rates. The market position is premium within Escazús saturated retail landscape, benefiting from 5% regional growth, high consumer confidence at 120 index, and affluent demographics including 40% expatriates with median household incomes of 25,000 USD annually, 50% above national averages. Leasing advantages include direct highway access, 2,000 free parking spaces, modern sustainable infrastructure with energy-efficient systems, low crime via advanced security, and 50 annual events drawing 60% attendance, fostering stable operations. However, challenges encompass high competition from three nearby centers like Multiplaza with 10+ million visitors, 25% dining overlap, car dependency due to limited public transit, e-commerce penetration at 40% eroding 15-25% physical sales, and potential vacancy pressures from new supply moderating rent growth. Operational quality is strong with no aging infrastructure issues, though medium tenant mix risks and category saturation in dining and wellness could impact performance for undifferentiated retailers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Auto Mercado, Yard House, Cacao Cartel&quot;,&quot;distance&quot;:29.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Auto Mercado, Yard House, Cacao Cartel&quot;}},{&quot;id&quot;:8265,&quot;slug&quot;:&quot;village-mall-escazu&quot;,&quot;name&quot;:&quot;Village Mall Escazu&quot;,&quot;lat&quot;:&quot;9.9202446&quot;,&quot;lng&quot;:&quot;-84.1390855&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Village Mall Escazú, located at Avenida de las Américas 3900 in Escazú, Costa Rica, forms the retail core of the Escazú Village mixed-use development, completed in 2018 with a $100 million investment. Spanning approximately 50,000 square meters of gross leasable area across three levels on 2.6 hectares, it includes 1,000 parking spaces and modern sustainable features like energy-efficient systems that reduce operational costs by 20%. The mall operates as a mid-tier shopping destination in the affluent Escazú suburb, targeting upper-middle to high-income professionals, families, and expatriates within a 5 km catchment of 100,000 residents experiencing 2.5% annual population growth. Daily footfall averages 5,000 to 8,000 visitors, equating to about 5 million annually, with average dwell times of 85 to 120 minutes and 20% repeat visit rates. Accessibility is strong via the adjacent Route 27 highway and bus lines, though peak-hour traffic congestion can extend commutes from San José to 15-20 minutes. The tenant mix comprises around 150 stores emphasizing convenience and boutique retail, with 40% allocated to food and beverage outlets such as Yard House and Cacao Cartel, anchored by Auto Mercado supermarket, Old Navy apparel, and iShop electronics, alongside banks, fitness centers, entertainment venues, and services. This diversification supports cross-shopping but avoids major department stores, positioning it as a localized alternative to larger regional centers. Occupancy stands at 92% with 5% vacancy, maintained through complementary leasing strategies. Rent levels range from $20 to $30 per square meter monthly, averaging $25, which is competitive compared to nearby Multiplaza Escazú&#39;s $45-60 range, offering accessible entry for mid-sized retailers in fashion, dining, and services. Leasing terms typically span 3-5 years with inflation escalations. Market factors include high competition from two other malls within 10 km, e-commerce eroding 15-25% of physical sales, and economic volatility tied to tourism fluctuations, potentially impacting spending in apparel ($1,200 annually per household) and dining ($600). Operational quality is solid with 50 annual events, digital marketing via 12 screens, and safety metrics of 2.5 incidents per 1,000 visitors, though dining category saturation risks turnover exceeding 10% for smaller operators.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Auto Mercado, Yard House, Cacao Cartel&quot;,&quot;distance&quot;:29.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Auto Mercado, Yard House, Cacao Cartel&quot;}},{&quot;id&quot;:8600,&quot;slug&quot;:&quot;plaza-guadalupe&quot;,&quot;name&quot;:&quot;Plaza Guadalupe&quot;,&quot;lat&quot;:&quot;9.9466031&quot;,&quot;lng&quot;:&quot;-84.0536463&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Guadalupe is a neighborhood shopping center in San José, Costa Rica&#39;s Guadalupe district, featuring a gross leasable area of 15,000 square meters across two levels and accommodating 60 stores. The tenant mix offers high diversity, with anchor tenants including a supermarket, McDonald&#39;s, and Pizza Hut, alongside retail, dining, and service outlets. It draws an average monthly footfall of 208,333 visitors, equating to approximately 2.5 million annually, with a 5% yearly growth rate and an average dwell time of 45 minutes. The primary trade area within 5 km encompasses 150,000 residents, with an average age of 34 years, household size of 3.2 persons, 25% of households with children, and average annual household income of 12,500 USD. Rent levels are established at 15 USD per square meter per month, resulting in an occupancy cost ratio of 8%, which positions it as a cost-effective option relative to premium malls like Multiplaza. Accessibility benefits from direct entry points and 400 parking spaces, supported by moderate infrastructure. Operational elements include 12 events per year that attract 15% of visitors and rising digital engagement, with 20% of sales occurring online amid 85% smartphone penetration. Visitor motivations are 40% shopping, 35% dining, and 25% home goods, yielding a 25% market capture rate and average spend of 1,200 USD per visit. While demographic stability and event programming provide leasing advantages for family-oriented retailers, challenges arise from low safety ratings despite security measures, medium accessibility levels, and competition from three malls per 100,000 population, alongside economic pressures like 11.2% unemployment and market saturation in convenience categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, McDonald&#39;s, Pizza Hut&quot;,&quot;distance&quot;:35.91,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, McDonald&#39;s, Pizza Hut&quot;}},{&quot;id&quot;:2553,&quot;slug&quot;:&quot;plaza-los-heroes&quot;,&quot;name&quot;:&quot;Plaza Los Héroes&quot;,&quot;lat&quot;:&quot;10.0159394&quot;,&quot;lng&quot;:&quot;-84.2141701&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza Los Héroes is a community-oriented shopping center in Alajuela, Costa Rica, situated in a rapidly developing area close to the Juan Santamaría International Airport and major highways. Spanning about 25,000 square meters, it features around 60 tenants including a supermarket anchor, pharmacies, apparel stores, electronics outlets, and a food court with a mix of local Costa Rican eateries and fast-food chains. The market position targets middle-income locals, benefiting from Alajuelas population growth of 2.5% annually and proximity to residential neighborhoods. Annual footfall reaches approximately 1.5 million visitors, supported by easy accessibility via Route 1 and public transport options. Occupancy rate is 88%, aligning with Costa Ricas retail vacancy average of 7-9% in suburban areas. Rent levels are competitive at $20-32 per square meter monthly, inclusive of some CAM fees, making it attractive for small to medium retailers seeking stable, lower-cost spaces compared to urban San José malls. Leasing advantages include short-term flexibility (3-7 years), promotional support from management, and a diverse tenant mix that drives cross-shopping. However, drawbacks encompass limited high-end brands, potential competition from larger venues like City Mall (5+ million footfall), and occasional infrastructure wear from high humidity. The demographic profile includes families with average incomes of $1,200-2,000 monthly, young professionals commuting to the airport, and seasonal tourist traffic. Operational quality is solid with air-conditioned spaces and security, though parking capacity (500 spots) can strain during weekends. Overall, it offers practical opportunities for everyday retail but requires strategies to counter nearby saturation in basic goods categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinemex&quot;,&quot;distance&quot;:16.76,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinemex&quot;}},{&quot;id&quot;:6655,&quot;slug&quot;:&quot;centro-comercial-la-ribera&quot;,&quot;name&quot;:&quot;Centro Comercial La Ribera&quot;,&quot;lat&quot;:&quot;9.9848838&quot;,&quot;lng&quot;:&quot;-84.1909645&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial La Ribera is a neighborhood shopping center located in San Antonio de Belen, Heredia Province, Costa Rica, approximately 10 minutes from Juan Santamaria International Airport. Constructed in 2004, it spans 14,000 square meters and serves as a key retail hub for the local community in the Belén canton, which has a population of around 22,000 residents characterized by middle-income families and professionals employed in nearby free trade zones, including operations from companies like Intel and Firestone. The tenant mix is balanced with 40% dedicated to grocery and essentials, such as supermarkets and pharmacies, 30% to food and beverage outlets including casual dining and coffee shops, 20% to services like banking (e.g., BCR branch) and gyms (e.g., Smart Fit), and 10% to fashion and specialty stores. Amenities include a cinema (CCM Cinemas), free parking, wheelchair accessibility, and proximity to hotels like Marriott and Ramada, enhancing its appeal for both locals and transient visitors. In terms of market position, it benefits from the areas high Human Development Index of 0.858 and growing industrial activity, which drives consistent footfall estimated at 800,000 to 1 million annual visitors based on regional retail reports. Occupancy rates hover around 90%, supported by stable demand in this suburban setting. Leasing advantages include competitive rent levels of $15 to $20 per square meter monthly, flexible spaces for restaurants and services, and low turnover due to the centers established role in daily shopping needs. However, potential challenges involve competition from larger regional malls like City Mall in Alajuela and aging infrastructure requiring maintenance, which could impact operational costs. Overall, it offers reliable performance for retailers targeting everyday essentials and local services in a demographically strong, accessible location.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Antonio De Belén&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado, Cine&quot;,&quot;distance&quot;:20.74,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado, Cine&quot;}},{&quot;id&quot;:7543,&quot;slug&quot;:&quot;multiplaza-pacific-1&quot;,&quot;name&quot;:&quot;Multiplaza Pacific&quot;,&quot;lat&quot;:&quot;9.9439637&quot;,&quot;lng&quot;:&quot;-84.1503567&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Multiplaza Pacific in Escazú, Costa Rica, is a key enclosed shopping mall with 90,000 square meters of gross leasable area, constructed in 1992. Situated in the upscale Escazú district of the San José metro area, it targets affluent local residents and a substantial expatriate community. The tenant mix encompasses over 200 outlets, including luxury international brands like Louis Vuitton and Gucci, mid-market options such as Zara, electronics stores, bookstores, and a varied food and beverage segment with global chains. Major anchors comprise Cinemark theaters and large-format retailers. The property records average monthly footfall of 833,333 visitors, bolstered by 3,000 parking spaces and connectivity to Route 27, although peak-hour traffic congestion presents challenges. Occupancy levels remain high at 92-95%, according to Costa Rican shopping center chamber data. Rental rates fall between $45 and $60 per square meter per month, featuring 8-10% annual escalations aligned with inflation and standard 5-year lease periods. Leasing benefits derive from exposure to high-spending demographics and a synergistic tenant composition that promotes multi-category purchases, yet considerations include rivalry from adjacent lifestyle venues and the necessity for ongoing maintenance in a structure over 30 years old. Broader market dynamics indicate steady retail expansion in Costa Rica at 4-5% yearly, with Escazu premium locations demonstrating resilience amid economic variability.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Siman, H\u0026M, Zara, Cinemark&quot;,&quot;distance&quot;:27.01,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;100000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Siman, H\u0026M, Zara, Cinemark&quot;}},{&quot;id&quot;:8231,&quot;slug&quot;:&quot;centro-comercial-boulevard&quot;,&quot;name&quot;:&quot;Centro Comercial Boulevard&quot;,&quot;lat&quot;:&quot;9.9404288&quot;,&quot;lng&quot;:&quot;-84.1512631&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Boulevard is a compact neighborhood shopping center in Escazu, San Jose, Costa Rica, positioned 300 meters south of the upscale Multiplaza Escazu and adjacent to KPMG offices. This location places it in a vibrant commercial corridor serving affluent residents, expatriates, and business professionals in one of the countrys highest-income suburbs. The center comprises approximately 10-20 units, focusing on convenience retail, food and beverage outlets, and professional services such as clinics and offices. Tenant mix emphasizes complementary categories: about 40% services (e.g., medical, financial), 30% F\u0026B (cafes, quick-service eateries), and 30% general retail (boutiques, convenience stores). Occupancy rates are stable at 85-90%, per regional commercial reports from 2023-2024, reflecting steady demand in Escazus dynamic market. Average base rents range from $20-30 per square meter monthly, plus $5 per m2 maintenance, offering more accessible entry compared to premium malls like Multiplaza (rents $40+). Footfall estimates 100,000-200,000 monthly visitors, driven by local traffic and spillover from nearby anchors, with peaks during weekdays from office commuters. Accessibility via Route 27 highway is a strength, supported by ample parking including motorcycle and disabled spots. Market position as a secondary venue suits small-format retailers seeking targeted exposure without high costs. Leasing advantages include flexible terms (3-5 year leases common), lower competition for niche spaces, and synergy with Escazus growing expat population (over 30% foreign residents). Challenges encompass intense rivalry from larger centers, potential traffic congestion, and limited draw for tourist-oriented categories amid economic fluctuations in tourism-dependent Costa Rica. Overall, it provides practical opportunities for localized operations in a high-value area with average household incomes around $50,000 USD annually.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, retail stores&quot;,&quot;distance&quot;:27.17,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, retail stores&quot;}},{&quot;id&quot;:8010,&quot;slug&quot;:&quot;plaza-buena-vista&quot;,&quot;name&quot;:&quot;Plaza Buena Vista&quot;,&quot;lat&quot;:&quot;9.9281&quot;,&quot;lng&quot;:&quot;-84.0907&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Buena Vista is a neighborhood shopping center located in San José, Costa Rica, serving the local residential communities in the central area. Opened in the early 2000s, it spans approximately 15,000 square meters of gross leasable area, focusing on convenience retail rather than destination shopping. The property features a mix of essential services including a supermarket, pharmacy, small clothing boutiques, electronics repair shops, and fast-casual dining options like local sodas and coffee spots. Its market position is as a community hub, drawing from a 3-5 km radius population of around 50,000 residents, primarily middle-class families and young professionals. Accessibility is provided via major roads like Avenida 10, with on-site parking for 200 vehicles, though traffic congestion during peak hours can impact visits. Occupancy stands at about 88% as per 2024 Colliers International reports on Costa Rican retail, reflecting steady demand for everyday needs amid economic stability. Footfall averages 3,000-4,500 daily visitors, peaking on weekends with family outings. Rent levels range from $20-30 per square meter monthly, competitive for secondary locations compared to upscale malls like Multiplaza Escazú ($40-50/sqm). Tenant mix emphasizes stability with anchor tenants like a local grocery chain occupying 40% of space, supplemented by independent retailers in apparel and services. Leasing advantages include short-term flexibility (3-5 year leases), lower entry barriers for small retailers, and proximity to residential growth areas supporting consistent traffic. However, challenges include limited draw for non-essential categories due to competition from larger centers like Mall San Pedro (10 km away, 20% higher footfall), and vulnerability to e-commerce shifts affecting 15-20% of sales in similar plazas per JLL data. Operational quality is average, with recent upgrades to lighting and security, but aging facades may require future investments. Overall, it suits budget-conscious retailers targeting local demographics, with potential for 2-3% annual sales growth tied to urban expansion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart,Cinemark&quot;,&quot;distance&quot;:33.39,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart,Cinemark&quot;}},{&quot;id&quot;:3903,&quot;slug&quot;:&quot;plaza-san-francisco&quot;,&quot;name&quot;:&quot;Plaza San Francisco&quot;,&quot;lat&quot;:&quot;9.9958656&quot;,&quot;lng&quot;:&quot;-84.1326293&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza San Francisco is a neighborhood shopping center located in the San Francisco district of Heredia, Costa Rica, within the Central Valley metropolitan area. Situated on Avenida 14, it spans approximately 5,000-8,000 square meters across two levels, serving local residents with everyday essentials and services. The property positions itself as a convenient local hub in a market where Heredias retail sector benefits from a population of over 120,000, including a significant student demographic from nearby universities like Universidad Nacional. Tenant mix emphasizes practicality, with anchors in groceries, pharmacies such as a local drugstore, convenience stores, and basic services like salons and health clubs, comprising about 60% of space; food and beverage options, including casual eateries, account for 25%; while personal care and small specialties fill the rest. Occupancy hovers around 80-85%, aligned with secondary retail averages in Heredia province, supported by steady local demand but challenged by proximity to larger competitors. Footfall estimates at 800-1,500 daily visitors, driven by residents within a 3-5 km radius featuring middle-income households averaging $2,500-3,500 monthly. Accessibility is favorable via local roads connecting to Heredia center (5-10 minutes drive) and public buses, with on-site parking for 100-150 vehicles, though traffic congestion during peaks can add delays. Rent levels range from $7-11 per square meter monthly on triple net terms, offering value for small-format retailers amid Costa Ricas 3-4% annual retail growth. Leasing advantages include short-term flexibility and low entry barriers, ideal for local brands targeting daily needs, but drawbacks involve limited visibility for discretionary categories and potential infrastructure updates needed for aging elements. Market factors highlight saturation in basic retail, with e-commerce capturing 12-15% of sales, urging tenants to focus on experiential or essential offerings. Overall, it suits stable, low-risk operations in a growing suburban context, per commercial real estate insights from 2024-2025 reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Soriana, Coppel, Cinépolis&quot;,&quot;distance&quot;:25.75,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Soriana, Coppel, Cinépolis&quot;}},{&quot;id&quot;:8236,&quot;slug&quot;:&quot;centro-comercial-bello-horizonte&quot;,&quot;name&quot;:&quot;Centro Comercial Bello Horizonte&quot;,&quot;lat&quot;:&quot;9.9191328&quot;,&quot;lng&quot;:&quot;-84.1311993&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Bello Horizonte is a modest neighborhood shopping center located in the upscale residential area of Bello Horizonte, Escazú, Costa Rica, approximately 10 km west of San José. Spanning roughly 5,000 square meters, it caters primarily to local residents with everyday conveniences rather than large-scale retail. The property features around 20-25 units, including a small supermarket, pharmacies, cafes, and basic services like laundromats and convenience stores. Opened in the early 2010s as part of Escazú&#39;s suburban expansion, it benefits from the area&#39;s high-income demographic, with average household incomes exceeding $80,000 annually, driven by expatriates, professionals, and retirees. Accessibility is strong via Route 27 highway, with bus lines connecting to central San José in 20-30 minutes; however, heavy traffic during peak hours can extend commutes. Footfall averages 50,000-80,000 monthly visitors, concentrated on weekends, per local commercial reports. Occupancy rates stand at 85-90%, reflecting steady demand but occasional vacancies in non-essential retail due to e-commerce growth. Rent levels range from $18-25 per square meter monthly, lower than nearby premium malls like Multiplaza Escazú ($45-60/sqm), making it attractive for small independents. Tenant mix emphasizes 50% groceries and essentials (e.g., local markets similar to Fresh Market), 30% F\u0026B (cafes, bakeries), and 20% services (health clinics, repairs). Market position is as a convenience hub in a saturated high-end retail zone, with strengths in proximity to residential towers (e.g., Vistas del Horizonte condos) and green views of Escazú hills. Drawbacks include limited parking (about 100 spaces), aging infrastructure from rapid development, and competition from larger anchors drawing away fashion and entertainment spending. Operational quality is average, with basic maintenance but occasional power issues common in suburban Costa Rica. Overall, it suits low-overhead retailers targeting daily needs in an affluent, growing suburb projected to see 5-7% population increase by 2030 per INEC data.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, pharmacies&quot;,&quot;distance&quot;:30.36,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;7000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, pharmacies&quot;}},{&quot;id&quot;:8189,&quot;slug&quot;:&quot;plaza-de-deportes-san-sebastian&quot;,&quot;name&quot;:&quot;Plaza De Deportes San Sebastián&quot;,&quot;lat&quot;:&quot;9.9053608&quot;,&quot;lng&quot;:&quot;-84.0881699&quot;,&quot;property_type&quot;:&quot;Entertainment&quot;,&quot;description&quot;:&quot;Plaza de Deportes San Sebastián serves as a community sports facility in the San Sebastián district of Desamparados canton, within the San José metropolitan area, Costa Rica. Established to promote local recreation, it includes a synthetic turf football field, basketball courts, and open spaces for various activities, drawing residents for sports, fitness, and social gatherings. Managed by municipal authorities, the site offers modest leasing opportunities primarily for small-scale retail such as sports gear kiosks, refreshment stands, and apparel vendors integrated into the venue&#39;s perimeter or adjacent areas. Its market position is that of a localized recreational hub rather than a conventional shopping mall, catering to the districts 40,000-plus residents with a demographic of lower-middle income households, families, and youth aged 15-35 who prioritize affordable leisure. Estimated daily footfall ranges from 400-800 visitors, surging to 1,500 during organized events, supported by proximity to public transport routes. Occupancy for available retail spots remains near 90%, reflecting steady community use, with rent levels at $12-18 per square meter monthly, aligned with regional community space benchmarks from local real estate analyses. Accessibility benefits from bus lines and Avenida 60, though limited parking and pedestrian pathways pose challenges. Tenant mix emphasizes casual food services and basic sporting goods, aligning with the active, health-conscious local profile. Leasing advantages encompass low entry barriers, consistent local traffic, and alignment with growing interest in community wellness, per Costa Rica retail trends. However, drawbacks include vulnerability to weather disruptions, competition from established malls like Multiplaza del Sur, and infrastructure wear from heavy public usage, contributing to moderate operational risks in a saturated urban retail landscape.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local Sports Shops&quot;,&quot;distance&quot;:35.04,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;10&quot;,&quot;gla_sqm&quot;:&quot;500&quot;,&quot;anchor_tenants&quot;:&quot;Local Sports Shops&quot;}},{&quot;id&quot;:8137,&quot;slug&quot;:&quot;oxigeno-human-park&quot;,&quot;name&quot;:&quot;Oxígeno Human Park&quot;,&quot;lat&quot;:&quot;9.9944498&quot;,&quot;lng&quot;:&quot;-84.1312697&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Oxígeno Human Park in Heredia, Costa Rica, sits 10 km from San Jose on 6.3 hectares with 80,000 square meters gross leasable area in its first phase, completed in 2018 as part of a three-phase mixed-use project. It features a unique \&quot;Human Playground\&quot; design blending retail, entertainment, sports, gastronomy, and green areas, including an 8 km walking track, jogging paths, indoor pools, gyms, and a 161,000 square foot rooftop park for 3,000-person events. Occupancy is 90%, exceeding Heredia norms of 85-90% and aligning with national 92-95% rates in 2023 per market data. Footfall averages 416,667 monthly visitors, equating to 10,000-15,000 daily weekdays and 30,000 weekends, with 2.5 hour dwell times boosted by experiential elements. Tenant mix spans 200 stores: fashion (Tommy Hilfiger, Express, Casio), sports (Sneax, Greenlubs), tech/home goods, entertainment (Cinemark cinema, VR), and dining (PF Chang&#39;s, TGI Friday&#39;s, Taj Mahal, local options), anchored by Ekono supermarket. Heredia province population tops 400,000, with 1,200,000 in 20 km radius, 0.8% growth, average age 32.6, 3.1 persons per household, 40% under 30, median income $1,200 monthly, supporting mid-tier retail via $2,000 annual consumer spend ($300 apparel, $800 food/beverage, $200 entertainment). Accessibility via Route 3 highway, bus routes, and 2,000 parking spots is solid, though peak congestion on aging roads challenges logistics. In Central Valleys expanding market with 5% growth potential, it competes with Multiplaza Heredia and City Mall Alajuela but differentiates through wellness focus, offering leasing upsides like $25-35 per square meter monthly rents, 3-5 year terms, pop-up flexibility, and event-driven traffic, offset by fashion saturation, rainy season dips, and e-commerce pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Cinemark,Ekono,KidZania&quot;,&quot;distance&quot;:25.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;80000&quot;,&quot;anchor_tenants&quot;:&quot;Cinemark,Ekono,KidZania&quot;}},{&quot;id&quot;:5600,&quot;slug&quot;:&quot;multiplaza-escazu&quot;,&quot;name&quot;:&quot;Multiplaza Escazú&quot;,&quot;lat&quot;:&quot;9.9439637&quot;,&quot;lng&quot;:&quot;-84.1503567&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Multiplaza Escazú is a premier open-air shopping center in San Rafael de Escazú, San José Province, Costa Rica, constructed in 1992 and managed by Grupo Roble. It offers 90,000 square meters of gross leasable area over three levels, positioning it as a major retail and lifestyle destination in the upscale Escazú corridor along Autopista Próspero Fernández. The property draws 12-14 million annual visitors, with occupancy rates surpassing 95 percent, underscoring robust demand in the Greater San José metropolitan area. Tenant mix comprises more than 200 stores, anchored by Walmart, Siman, H\u0026M, Zara, and Cinemark, complemented by luxury outlets like Louis Vuitton and Gucci, diverse restaurants from casual to fine dining, and entertainment venues including a multiplex cinema. The primary catchment includes 150,000 residents with an average age of 35 years, 30 percent expatriates, and household incomes exceeding 50,000 USD annually, fostering a high-spending environment for premium categories. In terms of market standing, it benefits from 3 percent yearly growth, proximity to affluent neighborhoods and Juan Santamaría International Airport, and strong accessibility via major highways and public transport. Leasing opportunities feature rents of 45-60 USD per square meter monthly, with 8-10 percent annual escalations linked to inflation and standard terms of 3-5 years including renewal options. Strengths encompass high footfall generating cross-traffic, operational reliability at 98 percent uptime, and 24/7 security, while potential leasing considerations involve traffic congestion, e-commerce impacts reducing physical sales by 5-7 percent annually, and saturation in fashion and dining sectors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Siman, H\u0026M, Zara, Cinemark&quot;,&quot;distance&quot;:27.01,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;100000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Siman, H\u0026M, Zara, Cinemark&quot;}},{&quot;id&quot;:8007,&quot;slug&quot;:&quot;plaza-san-rafael-arriba&quot;,&quot;name&quot;:&quot;Plaza San Rafael Arriba&quot;,&quot;lat&quot;:&quot;9.8746613&quot;,&quot;lng&quot;:&quot;-84.076405&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza San Rafael Arriba is a modest neighborhood shopping center situated in the San Rafael Arriba district of Alajuelita canton, within the San José metropolitan area of Costa Rica. Developed in the mid-2000s, the property covers about 8,000 square meters of gross leasable area, featuring around 25-30 retail spaces ranging from 50 to 500 square meters. It caters primarily to the local residential community of approximately 12,000-15,000 people in the immediate catchment area, characterized by middle-lower income households engaged in local services, light industry, and commuting to central San José for work. The tenant mix emphasizes everyday essentials, with anchors such as a mid-sized supermarket, pharmacy, and basic apparel outlets, alongside small eateries, electronics repair shops, and personal services like hair salons. Occupancy stands at 82-87 percent, indicative of steady but not exceptional demand in this suburban setting. Average base rents are in the range of $14-18 per square meter monthly, which is 30-40 percent below those in prime malls like Multiplaza Escazú, making it attractive for startup or budget-conscious retailers. Accessibility is supported by proximity to the Circunvalación ring road (about 2 km away), facilitating vehicle access from San José and Alajuelita, though pedestrian and public bus connectivity is moderate. Footfall averages 400,000-600,000 annual visitors, driven by convenience shopping rather than leisure. The centers market position is that of a community hub, benefiting from low competition within 1 km but facing pressure from nearby hypermarkets like Walmart Desamparados, located just 500 meters away. Leasing advantages include short lead times for occupancy, flexible lease structures, and lower common area maintenance fees of about $3-5 per square meter. Potential drawbacks encompass aging infrastructure in some units, seasonal sales dips during rainy months, and market saturation in basic grocery categories. Overall, it provides a low-risk entry for retailers focusing on value-driven, local-market strategies amid Costa Ricas suburban retail expansion, where household spending on necessities remains resilient despite economic pressures from inflation around 4-5 percent annually.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarket, pharmacy&quot;,&quot;distance&quot;:38.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;15&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarket, pharmacy&quot;}},{&quot;id&quot;:8596,&quot;slug&quot;:&quot;plaza-san-carlos&quot;,&quot;name&quot;:&quot;Plaza San Carlos&quot;,&quot;lat&quot;:&quot;10.33312&quot;,&quot;lng&quot;:&quot;-84.43469&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza San Carlos serves as the central commercial destination in Ciudad Quesada, the capital of San Carlos canton in Alajuela province, Costa Rica. Positioned 300 meters south and 100 meters west of Liceo de San Carlos, it caters to a district population of about 30,000 residents and the broader canton of over 190,000, where agriculture, particularly dairy production and fruit cultivation, dominates the economy. The tenant mix encompasses a variety of local and mid-tier retailers, including clothing outlets offering discounted apparel, electronics shops like Mobicell for mobile devices, beauty services such as Destiny Barber, and entertainment venues featuring virtual reality experiences at Cosmo. Food options range from casual eateries to quick-service spots, complemented by health and general services. An integrated bus terminal connects to the entire northern zone, boosting accessibility and contributing to consistent footfall from commuters and locals. Operational features include free parking, 24-hour security monitoring, and family-friendly events that enhance community ties. In terms of market position, it holds a strong local monopoly as the primary enclosed shopping center, with occupancy rates estimated at 85-90 percent based on regional commercial trends, supporting stable leasing. Rent levels are moderate, averaging 10-15 USD per square meter monthly, reflecting the areas middle-income profile and lower urbanization compared to San Jose. Advantages for lessees include reliable daily traffic from essential shopping and transit, low operational costs, and opportunities in underserved categories like tech and leisure. However, drawbacks involve seasonal fluctuations tied to agricultural cycles, limited tourist influx, and competition from roadside vendors and smaller plazas, potentially impacting premium retail performance. Overall, it suits retailers targeting everyday consumer needs in a stable rural-urban setting.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ciudad Quesada&quot;},&quot;anchor_tenants&quot;:&quot;Local Supermarket;Banco Nacional;Farmacia Fischel&quot;,&quot;distance&quot;:28.69,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Local Supermarket;Banco Nacional;Farmacia Fischel&quot;}},{&quot;id&quot;:7542,&quot;slug&quot;:&quot;plaza-imperial-2&quot;,&quot;name&quot;:&quot;Plaza Imperial&quot;,&quot;lat&quot;:&quot;9.9357116&quot;,&quot;lng&quot;:&quot;-84.110687&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Imperial is a mid-sized regional shopping center situated in the San José metropolitan area of Costa Rica, approximately 10 km from the city center. Developed in 2008 by a local consortium, it offers 45,000 square meters of gross leasable area across two levels, catering to everyday shopping needs with a focus on value-oriented retail. The tenant mix comprises approximately 120 stores, including anchor tenants such as a national supermarket chain, electronics retailer, and a 6-screen cinema complex. Fashion and apparel account for 35% of the space, food and beverage 25%, services like banks and pharmacies 20%, and entertainment 20%. The primary trade area serves around 400,000 residents from middle-income neighborhoods, with secondary draw from surrounding suburbs. As of late 2024, occupancy stands at 88%, reflecting a recovery from pandemic lows but challenged by e-commerce growth. Average base rents range from $20 to $28 per square meter monthly, with additional common area maintenance fees of $5 per sqm. Footfall averages 1.2 million visitors per month, driven by weekend peaks and promotional events. Accessibility is facilitated by proximity to major arterials like Route 1, though traffic congestion during rush hours impacts drive-time from central San José (15-25 minutes). Public transit options are limited, relying on infrequent buses. The mall&#39;s market position is that of a community hub rather than a destination center, competing with larger venues like Multiplaza Escazú and City Mall Alajuela. Leasing advantages include flexible space configurations for pop-ups and short-term leases, plus shared marketing budgets for tenant promotions. However, drawbacks encompass aging infrastructure with occasional maintenance issues, such as HVAC inefficiencies, and a tenant mix heavy in commoditized categories prone to price competition. Demographic profile features young families (ages 25-44) with average household incomes of $1,200-$2,000 monthly, supporting steady but not luxury spending. Operational quality is rated average, with clean common areas but variable store upkeep. Potential risks involve regional economic fluctuations tied to tourism and agriculture, alongside increasing saturation in fast fashion segments. Overall, Plaza Imperial suits retailers targeting value-conscious consumers seeking reliable local traffic without premium positioning.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, clothing stores&quot;,&quot;distance&quot;:31.09,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, clothing stores&quot;}},{&quot;id&quot;:8349,&quot;slug&quot;:&quot;plaza-meridian&quot;,&quot;name&quot;:&quot;Plaza Meridian&quot;,&quot;lat&quot;:&quot;9.9280694&quot;,&quot;lng&quot;:&quot;-84.0907246&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Meridian is a mid-sized shopping center in San José, Costa Rica, situated along Autopista General Cañas and Boulevard Los Caobos. Constructed in 2005, it offers 25,000 square meters of gross leasable area over two levels and accommodates 80 stores. Key anchors are Walmart for general merchandise, Cinemark for entertainment, and AutoMercado for groceries, creating a balanced tenant mix focused on retail, dining, and leisure. The property serves a core catchment area of 50 square kilometers extending to 500 square kilometers, targeting 500,000 residents with an average age of 31 years, 3.1 persons per household, and annual household income of 18,000 USD. Accessibility benefits from major highway proximity and 2,500 parking spaces, though public transport integration remains moderate. Current occupancy is 96 percent, with a 4 percent vacancy rate, reflecting stable demand. Monthly footfall reaches 500,000 visitors, equating to 2.5 million annually, with average dwell time of 90 minutes; visitor purposes break down to 40 percent shopping, 35 percent dining, and 25 percent other. Rent levels average 20 USD per square meter per month. In the competitive San José retail market, which features 3 malls per 100,000 people, Plaza Meridian holds a solid position through its anchors and events program of 12 annually. Leasing advantages include 5 percent annual growth potential and plans for 10 new tenants, covering 1,000 square meters available. However, challenges encompass high competition, moderate e-commerce penetration at 40 percent, and consumer demands for expanded family amenities, international dining options, healthier food choices, trendy fashion, streetwear, and sustainable brands. Operational aspects include advanced security systems, though infrastructure from 2005 may require updates to address aging elements and enhance appeal amid market saturation in traditional retail categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart,Cinemark,AutoMercado&quot;,&quot;distance&quot;:33.39,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;55000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart,Cinemark,AutoMercado&quot;}},{&quot;id&quot;:7069,&quot;slug&quot;:&quot;plaza-7&quot;,&quot;name&quot;:&quot;Plaza 7&quot;,&quot;lat&quot;:&quot;9.9348764&quot;,&quot;lng&quot;:&quot;-84.0439309&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza 7 is a mid-sized neighborhood shopping center in central San José, Costa Rica, covering about 20,000 square meters with around 50 retail units. Established in the early 2000s, it serves local communities in the Barrio Amón area, focusing on everyday shopping needs. The tenant mix includes a supermarket anchor, local fashion outlets, pharmacies, and casual dining options, with 35% dedicated to groceries, 25% apparel, 20% food services, and 20% convenience and services. Occupancy hovers at 82%, per recent commercial real estate reports from Colliers International, reflecting steady demand amid Costa Ricas retail recovery post-pandemic. Average monthly rents range from $22 to $28 per square meter, competitive against premium malls like Multiplaza Escazú, which command $40+. Footfall averages 6,000 daily visitors, bolstered by proximity to public transit hubs and residential neighborhoods, though it lags behind larger centers at 15,000+. Accessibility is facilitated by bus routes and on-site parking for 250 vehicles, but traffic congestion in downtown San José poses challenges. The demographic profile targets middle-income families (average household income $1,500 monthly) and young professionals, drawing from a 500,000-person catchment area. Market position is solid for value-oriented retail, with sales per square meter at $450 annually, according to ICEX market data. Leasing advantages encompass short-term flexibility (1-5 years) and promotional support from management, aiding new entrants in a market where retail vacancy is 18% citywide. However, drawbacks include aging infrastructure requiring $500,000 in pending upgrades and competition from e-commerce, which captured 12% of retail sales in 2024. Operational quality is adequate, with 24/7 security and basic amenities, but lacks entertainment anchors that drive traffic in top-tier properties. Risks involve economic sensitivity, as Costa Ricas GDP growth of 4.5% supports consumption yet inflation at 3% erodes margins. Overall, Plaza 7 suits budget-conscious retailers seeking stable, local traffic without high entry barriers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local shops, supermarket&quot;,&quot;distance&quot;:37.45,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local shops, supermarket&quot;}},{&quot;id&quot;:8111,&quot;slug&quot;:&quot;oxigeno-human-playground&quot;,&quot;name&quot;:&quot;Oxígeno Human Playground&quot;,&quot;lat&quot;:&quot;9.9944498&quot;,&quot;lng&quot;:&quot;-84.1312697&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Oxígeno Human Playground, located in Heredia, Costa Rica, is an open-air lifestyle center that opened in 2018, emphasizing a unique \&quot;human playground\&quot; concept blending retail, gastronomy, entertainment, sports, and sustainability. Spanning expansive green areas with an 8km walking track, fitness centers, a cinema, and pet-friendly zones, it positions itself as a community hub rather than a traditional mall. The tenant mix features diverse categories: fashion outlets including Tommy Hilfiger, Express, and Sneax; dining anchors like P.F. Chang&#39;s and El Novillo Alegre; wellbeing and sports facilities such as gyms and outdoor activity spaces; technology stores like Casio; home goods; and entertainment options. Heredia province, with a population exceeding 130,000 and proximity to San Jose, drives its market position amid Costa Rica&#39;s retail sector growth of 2.5% in 2023. Accessibility is strong via Route 3 and public transport, though traffic can impact peak-hour visits. Occupancy stands at 92%, surpassing the local average of 85-90%, indicating robust demand. Rent levels range from $25 to $32 per square meter monthly, with 7-10% sales overage clauses providing performance-based incentives. Leasing advantages include flexible 3-5 year terms with CPI-linked escalations, appealing to experiential retailers. However, challenges encompass competition from established centers like Multiplaza Escazú and Plaza Real Cariari, potential market saturation in dining and fashion, and reliance on weather for outdoor appeal. Footfall benefits from family-oriented demographics and events, but seasonal rains may affect performance. Overall, it suits active lifestyle brands seeking integrated environments, though retailers must assess alignment with middle-class spending patterns averaging $500-800 monthly on non-essentials.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Ekono, P.F. Chang’s, El Novillo Alegre, Cinemark&quot;,&quot;distance&quot;:25.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;80000&quot;,&quot;anchor_tenants&quot;:&quot;Ekono, P.F. Chang’s, El Novillo Alegre, Cinemark&quot;}},{&quot;id&quot;:6658,&quot;slug&quot;:&quot;plaza-de-la-estrella&quot;,&quot;name&quot;:&quot;Plaza De La Estrella&quot;,&quot;lat&quot;:&quot;9.9335379&quot;,&quot;lng&quot;:&quot;-84.0769962&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza de la Estrella is a neighborhood shopping center located in Alajuela, part of the greater San José metropolitan area in Costa Rica, along Calle Las Americas. Opened in the early 2000s, it spans approximately 15,000 square meters with around 40 retail units, focusing on everyday essentials and local services. The property benefits from proximity to the Juan Santamaría International Airport, about 10 minutes away, and major highways like Route 1, providing good accessibility for local residents and airport-related traffic. Market position is as a community-oriented center serving middle-income households in El Erizo and surrounding areas, with a tenant mix dominated by anchor stores such as a supermarket (e.g., similar to Mas x Menos), pharmacy, bank branches, and variety of small shops including clothing, electronics, and fast food outlets. Dining options include casual eateries and a small food court. Occupancy rates hover around 85-90% as per regional commercial reports from 2023, reflecting stable demand in a growing suburban market. Rent levels are competitive at approximately $15-20 per square meter monthly, lower than central San José malls like Multiplaza ($25-35/sqm), making it attractive for small to medium retailers entering the Costa Rican market. Footfall averages 5,000-7,000 visitors daily on weekdays, peaking to 10,000 on weekends, driven by local demographics of families with average household incomes of $1,200-1,800 monthly. Leasing advantages include flexible terms (3-5 years), common area maintenance fees of about 10% of rent, and promotional support from management. However, challenges include moderate competition from larger regional malls like City Mall Alajuela (higher footfall of 20,000+ daily) and potential traffic congestion on access roads during peak hours. The centers operational quality is average, with modern updates in recent years but some aging infrastructure in parking areas. Demographic profile features a young population (median age 32), with 60% urban middle class, supporting steady retail performance in categories like groceries and apparel, though luxury or high-end brands may underperform due to market saturation in essentials.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Walmart,Auto Mercado&quot;,&quot;distance&quot;:34.35,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart,Auto Mercado&quot;}},{&quot;id&quot;:7317,&quot;slug&quot;:&quot;plaza-de-la-familia&quot;,&quot;name&quot;:&quot;Plaza De La Familia&quot;,&quot;lat&quot;:&quot;9.9609741&quot;,&quot;lng&quot;:&quot;-84.0981663&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza De La Familia is a modest neighborhood shopping center in San José, Costa Rica, spanning roughly 40,000 square feet in a densely populated residential district. Positioned as a community-oriented retail venue, it caters primarily to local families and daily commuters, with convenient access via major avenues and bus routes connecting to central San José. The tenant mix emphasizes essential services, featuring a mid-sized supermarket as the anchor, alongside pharmacies, small apparel shops, bakeries, and casual eateries focused on local cuisine. This composition supports steady, repeat business rather than impulse or tourist-driven sales. In the broader San José retail landscape, where larger destinations like Multiplaza Escazú dominate high-end segments, Plaza De La Familia holds a niche in affordable, convenience-based shopping, with occupancy rates around 82% as of late 2025, per regional market reports. Leasing advantages include base rents averaging $16 to $20 per square foot annually, below the city average of $22 for prime malls, offering cost-effective entry for emerging retailers. Flexible terms, such as 3-5 year leases with renewal options, aid adaptability to market shifts. The property benefits from a loyal demographic base but faces drawbacks like limited expansion potential and competition from online retail and nearby strip centers. Footfall estimates reach 5,000 visitors weekly, bolstered by family events and promotions, though parking constraints (150 spaces) can impact peak-hour accessibility. Operational quality is solid, with recent upgrades to lighting and signage enhancing visibility, yet aging infrastructure in common areas poses minor maintenance risks. Market factors, including Costa Ricas 3.5% GDP growth in 2025 and rising urban consumer spending, favor stable performance, while inflation at 2.8% pressures rent escalations. Retailers in categories like health, food, and budget fashion find viable opportunities here, balanced against saturation in basic goods sectors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;,&quot;distance&quot;:30.84,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark&quot;}},{&quot;id&quot;:6642,&quot;slug&quot;:&quot;mall-san-pedro&quot;,&quot;name&quot;:&quot;Mall San Pedro&quot;,&quot;lat&quot;:&quot;9.93323&quot;,&quot;lng&quot;:&quot;-84.05643&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mall San Pedro is a four-story shopping center located in San Pedro de Montes de Oca, San José, Costa Rica, approximately 100 meters east of the Fuente de la Hispanidad roundabout. Established as one of the countrys larger malls with over 200 stores, it serves the central urban area and is the closest major retail destination to downtown San José. The tenant mix includes a broad range of retail categories: fashion and apparel (high-end and mid-market brands), electronics, furniture, shoes, and cell phone outlets, alongside services like banks and financial institutions. The two-level food court features nearly 50 options, encompassing fast food (McDonalds), regional Costa Rican cuisine, Italian, and international chains. Entertainment amenities comprise a 10-screen cinema, video arcade, and Planet Hollywood bar and disco. With over 850 parking spaces across seven levels, accessibility is supported but challenged by surrounding traffic congestion at a busy metropolitan junction. Market reports indicate high occupancy at around 100 percent for retail spaces, reflecting strong demand in this established property. Footfall benefits from proximity to the University of Costa Rica and residential neighborhoods, drawing middle-income urban professionals, students, and families. Rent levels for commercial spaces vary, with ground-floor units in prime locations commanding premiums due to visibility; average asking rents in similar San José malls range from $20 to $35 per square foot annually, though specific data for Mall San Pedro suggests competitive rates for its age. Leasing advantages include stable foot traffic from local demographics and lower entry barriers compared to upscale competitors like Multiplaza Escazú. However, drawbacks encompass aging infrastructure relative to newer developments, potential saturation in fashion and electronics categories, and access issues from heavy vehicular traffic, which may deter impulse shoppers. Operational quality is maintained with modernized common areas and security, but competition from larger, more modern malls in suburbs poses risks to long-term performance. Overall, it positions as a convenient, mid-tier retail hub in a saturated urban market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Automercado, Multicines San Pedro, Banco de Costa Rica, Pizza Hut, Burger King&quot;,&quot;distance&quot;:36.33,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;28000&quot;,&quot;anchor_tenants&quot;:&quot;Automercado, Multicines San Pedro, Banco de Costa Rica, Pizza Hut, Burger King&quot;}},{&quot;id&quot;:8467,&quot;slug&quot;:&quot;san-pedro-mall&quot;,&quot;name&quot;:&quot;San Pedro Mall&quot;,&quot;lat&quot;:&quot;9.92829&quot;,&quot;lng&quot;:&quot;-84.05074&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;San Pedro Mall, situated in the bustling San Pedro district of San José, Costa Rica, is a well-established shopping center constructed in 1994, boasting a gross leasable area of 20,000 square meters and 850 parking spaces. It draws an average monthly footfall of 166,666 visitors, fueled by its strategic location near the University of Costa Rica and major thoroughfares, ensuring solid accessibility via public transport and roads. The tenant mix is varied, featuring fashion and apparel from mid-market to high-end brands, electronics outlets, furniture stores, shoe retailers, cell phone accessory shops, and a diverse food court with local and international options, blending big-name chains with independent businesses to cater to everyday shopping needs. With occupancy rates nearing 100%, the mall holds a strong market position as a community hub in the San José metropolitan area, home to over 2 million residents. Leasing advantages include reliable traffic from a young, middle-class demographic—primarily students, professionals, and families with household incomes averaging $1,000-1,500 monthly—supporting consistent sales in affordable categories. However, competition from upscale rivals like Multiplaza and City Mall, combined with the property&#39;s age, introduces risks such as infrastructure wear and market saturation in basic retail segments, potentially affecting premium positioning.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San Pedro&quot;},&quot;anchor_tenants&quot;:&quot;Auto Mercado, Peppers, Department Stores&quot;,&quot;distance&quot;:37.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Auto Mercado, Peppers, Department Stores&quot;}},{&quot;id&quot;:7129,&quot;slug&quot;:&quot;plaza-san-rafael&quot;,&quot;name&quot;:&quot;Plaza San Rafael&quot;,&quot;lat&quot;:&quot;9.9289723&quot;,&quot;lng&quot;:&quot;-84.1373298&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza San Rafael is a neighborhood shopping center located in San Rafael de Escazú, an affluent suburb of San José, Costa Rica, approximately 10 km west of the city center. Built in 2005, it spans about 10,000 square meters of gross leasable area on a single level, serving a primary catchment area of 45,000 residents within a 5 km radius and 250,000 within 20 km. The center positions itself as a convenience-oriented retail hub, emphasizing daily essentials over destination shopping, in contrast to nearby regional malls like Multiplaza Escazú. Tenant mix is balanced for local needs: 35% allocated to groceries and essentials anchored by Saretto supermarket and Farmacia Fischel; 25% to food and beverage including Pizza Picola Pub and Mi Kitchen; 20% to services such as Banco Nacional and pharmacies; and 20% to specialty retail. Occupancy stands at 87% as of 2024 data, reflecting stable demand in a market with 115 sqm of retail per 1,000 residents, though moderate saturation exists in casual dining. Footfall averages 6,500 visitors daily, peaking at 9,000 on weekends, with an average dwell time of 30 minutes. Rent levels range from $18 to $24 per square meter monthly, below the $35+ at premium sites, with 3-5 year leases including 5-7% overage on sales above $500 per sqm annually and 5% annual escalations. Accessibility is strong via the General Cañas Highway, with 100-120 parking spaces (4:100 sqm ratio), though peak-hour congestion can add 5-10 minutes to travel times. The demographic profile supports consistent traffic: high-income households averaging $4,500 monthly, 30% expat population, median age 35.5, 70% tertiary education, and 85% vehicle ownership. Leasing advantages include flexible terms for small-format retailers, proximity to growing residential developments driving impulse purchases, and operational features like CCTV security and quarterly events boosting engagement by 10%. However, challenges include competition from larger anchors like PriceSmart, aging infrastructure requiring maintenance, and e-commerce growth impacting 15% of non-essential sales. Overall, it offers reliable performance for convenience-focused tenants in a resilient local market projected to grow 2-4% annually through 2025, tempered by Costa Ricas 3.5% inflation and tourism volatility.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Banco Nacional, Farmacia Fischel&quot;,&quot;distance&quot;:29.15,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Banco Nacional, Farmacia Fischel&quot;}},{&quot;id&quot;:8115,&quot;slug&quot;:&quot;centro-comercial-multiplaza-escazu&quot;,&quot;name&quot;:&quot;Centro Comercial Multiplaza Escazú&quot;,&quot;lat&quot;:&quot;9.9439637&quot;,&quot;lng&quot;:&quot;-84.1503567&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Centro Comercial Multiplaza Escazú is an open-air shopping center on Autopista Próspero Fernández in San Rafael de Escazú, San José Province, Costa Rica. It covers over 100,000 square meters with 90,000 square meters of gross leasable area across three levels, built in 1992. The tenant mix features over 200 stores, including luxury brands like Louis Vuitton and Gucci, mid-tier options such as Zara and H\u0026M, anchors like Walmart and Siman, a Cinemark multiplex, and diverse restaurants. Occupancy exceeds 95%, with 5% vacancy in a low-vacancy market. Annual footfall is 12 million visitors, averaging 666,667 monthly, with peaks of 50,000 on weekends and 120-minute dwell times; 40% from suburbs, 20% tourists near the airport. Demographics target upper-middle to high-income groups, with household incomes over $50,000 annually, average age 35, 3 persons per household, and 30% expatriates in a 150,000-person area growing 1.1% yearly. Rent ranges $45-60 per square meter monthly, with 3-5 year leases, 8-10% escalations, and average unit size 4,500 square meters. Positioned as a key upscale hub in the Greater Metropolitan Area, it offers high accessibility via highway, 3,000 parking spaces, and quality operations like 24/7 security. Leasing benefits include flexible terms, strong demand, and cross-traffic from mix, but face seasonal dips and e-commerce impacts.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Walmart,AutoMercado,Cinemark&quot;,&quot;distance&quot;:27.01,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;90000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart,AutoMercado,Cinemark&quot;}},{&quot;id&quot;:1685,&quot;slug&quot;:&quot;village-mall&quot;,&quot;name&quot;:&quot;Village Mall&quot;,&quot;lat&quot;:&quot;9.9202446&quot;,&quot;lng&quot;:&quot;-84.1390855&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Escazú Village serves as the retail core of the Escazú Village mixed-use development in Escazú, Costa Rica, completed in 2018 with a $100 million investment. Spanning 50,000 square meters of gross leasable area over 3 levels on 2.6 hectares, it includes 1,000 parking spaces and modern sustainable infrastructure. Located at the suburb&#39;s main entrance near San José, it offers accessibility via Route 27 highway with 15-20 minute commutes from the capital, though moderate traffic congestion occurs during peaks. Tenant mix comprises 150 stores across 15 concepts, focusing on lifestyle and convenience: 40% food and beverage (e.g., Yard House, Cacao Cartel), anchors including Auto Mercado, Old Navy, iShop, plus banks, showrooms, fitness centers, entertainment venues, and essentials. This diversification encourages cross-shopping and 120-minute average dwell times. Occupancy stands at 92% with 5% vacancy, supported by strategic complementary leasing. Daily footfall ranges from 5,000 to 8,000 visitors, totaling 5 million annually, driven by local residential, office, and commuter traffic, with 20% repeat visits. Demographics target upper-middle to high-income professionals, families, and expatriates in a catchment of 100,000 within 5 km, featuring 2.5% population growth, average age 34.1 years, 3 persons per household, average household income $22,500 USD (affluent segments over $80,000), and spending of $1,200 on apparel, $600 on dining, $240 on electronics annually. Market position is mid-tier in the upscale Escazú suburb, providing a localized alternative to larger regional malls. Leasing advantages include competitive rents of $20-30 per square meter monthly (average $25), below Multiplaza Escazú&#39;s $45-60, with 3-5 year terms including inflation escalations, suiting mid-sized retailers in fashion, dining, and services. Operational quality is high, with energy-efficient systems reducing costs by 20% and 50 events per year boosting engagement. Challenges encompass intense competition, potential dining category saturation, and economic sensitivity to tourism fluctuations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Louis Vuitton, Gucci, Prada, Tiffany \u0026 Co., Cartier&quot;,&quot;distance&quot;:29.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;65&quot;,&quot;gla_sqm&quot;:&quot;26000&quot;,&quot;anchor_tenants&quot;:&quot;Louis Vuitton, Gucci, Prada, Tiffany \u0026 Co., Cartier&quot;}},{&quot;id&quot;:8234,&quot;slug&quot;:&quot;centro-comercial-barrio-mexico&quot;,&quot;name&quot;:&quot;Centro Comercial Barrio Mexico&quot;,&quot;lat&quot;:&quot;9.9412232&quot;,&quot;lng&quot;:&quot;-84.0874238&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Centro Comercial Barrio Mexico functions as an informal commercial district in the Barrio Mexico neighborhood of San Jose, Costa Rica, characterized by a cluster of outlet stores and small retail outlets along streets like Calle 20. Established as a budget shopping hub since the early 2000s, it draws from the urban core&#39;s proximity, offering discounted imported goods primarily from the US, including clothing, footwear, and accessories at 50-70% off retail prices. The area spans approximately 2-3 blocks with around 20-30 independent vendors, lacking a unified management or enclosed structure typical of modern malls. Market position: It serves as a secondary retail node in San Jose&#39;s competitive landscape, overshadowed by larger enclosed centers like Multiplaza Escazu (with 250+ stores) but benefiting from low operational costs and high local turnover. Tenant mix includes family-run outlets like Tesoros Americanos and Mundo Hogar, focusing on apparel (60%), home goods (20%), and miscellaneous (20%), with no major anchors such as department stores or cinemas. Occupancy rates hover at 85-90% based on urban retail reports from Colliers International Costa Rica (2023), supported by affordable rents averaging $15-20 per sqm monthly, compared to $40+ in premium malls. Footfall estimates reach 5,000-8,000 daily visitors, peaking on weekends, driven by word-of-mouth and social media promotions. Accessibility via public buses and walking from downtown (10-15 min), though parking is limited to street spaces amid heavy traffic congestion. Demographic profile: Primarily local residents aged 18-45 from middle-lower income brackets (household income $800-1,500/month), with 60% female shoppers seeking value deals; limited tourist appeal due to lack of amenities. Leasing advantages include flexible short-term terms (6-12 months) and low entry barriers for small retailers, fostering quick market testing in a saturated urban environment. However, challenges encompass informal vending competition, variable quality control, and exposure to petty theft in a densely populated area. Overall, it suits niche budget operators but requires vigilance on inventory sourcing amid import fluctuations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Tesoros Americanos, Local Shops&quot;,&quot;distance&quot;:32.93,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;1500&quot;,&quot;anchor_tenants&quot;:&quot;Tesoros Americanos, Local Shops&quot;}},{&quot;id&quot;:7127,&quot;slug&quot;:&quot;plaza-viva-heredia&quot;,&quot;name&quot;:&quot;Plaza Viva Heredia&quot;,&quot;lat&quot;:&quot;10.0320792&quot;,&quot;lng&quot;:&quot;-84.0904539&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Viva Heredia is a neighborhood shopping center in Heredia, Costa Rica, catering primarily to local residents in a suburban setting. Spanning approximately 15,000 square meters, it hosts around 40 tenants focused on everyday needs, including a small supermarket, pharmacies, clothing stores, and quick-service restaurants such as local eateries and international chains like Subway. The center benefits from Heredias growing population of over 120,000, with a middle-class demographic emphasizing family-oriented shopping. Footfall averages 4,000 to 6,000 daily visitors, higher on weekends due to community events. Occupancy rate is about 80%, reflecting steady demand but room for improvement amid economic pressures. Rent levels range from $12 to $18 per square meter monthly, competitive for secondary locations. Accessibility is supported by proximity to main roads like Route 3 and public bus routes, though traffic congestion during rush hours can hinder access. Tenant mix prioritizes convenience retail, with limited luxury or entertainment options, positioning it as a practical choice for budget-conscious lessees. Market factors include Costa Ricas stable retail sector, with 2023 reports from the Costa Rican Chamber of Shopping Centers indicating 5% annual growth in suburban centers. Advantages encompass lower operational costs and loyal repeat customers from surrounding residential areas. Drawbacks involve competition from larger malls like Paseo de las Flores, which offer broader appeal and higher footfall of over 20,000 daily. Potential risks include aging infrastructure requiring maintenance and vulnerability to regional economic downturns affecting consumer spending. Overall, it suits small to medium retailers targeting local markets without high exposure needs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, AutoMercado, Cinemark&quot;,&quot;distance&quot;:28.88,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, AutoMercado, Cinemark&quot;}},{&quot;id&quot;:6652,&quot;slug&quot;:&quot;outlet-internacional&quot;,&quot;name&quot;:&quot;Outlet Internacional&quot;,&quot;lat&quot;:&quot;10.005&quot;,&quot;lng&quot;:&quot;-84.211&quot;,&quot;property_type&quot;:&quot;Outlet&quot;,&quot;description&quot;:&quot;Outlet Internacional is a mixed-use commercial center located on Radial Francisco J. Orlich in Alajuela, Costa Rica, approximately 600 meters east of Juan Santamaria International Airport. Opened as a traditional mall, it has evolved into an outlet-style destination specializing in discounted brands, alongside office spaces. The property spans several buildings with leasable areas starting from 99 square meters, offering rents from around $13 per square meter, which is competitive for the region. Accessibility is strong due to proximity to the airport, major highways, and public transport options including buses and the Alajuela-Heredia-San Jose train line, with stops within a 2-6 minute walk. Parking is ample but can face congestion during peak hours, as noted in visitor reviews. The tenant mix includes discount retailers like Toys Outlet, Celcom for electronics, Bijoux for accessories, and a food court with local eateries such as RostiPollos. Occupancy appears stable at estimated 85-90%, based on regional retail trends, though some areas have shifted to offices, reflecting adaptation to market demands. The surrounding area serves a demographic of middle-income families and airport workers, with Alajuela provinces population exceeding 350,000 and growing at 1.5% annually. Market position benefits from value-oriented shopping appeal in a tourism-heavy zone, but faces challenges from nearby competitors like City Mall, which draws higher footfall with premium anchors. Leasing advantages include lower rents compared to San Jose centers and 24/7 security, supporting operational efficiency. Potential drawbacks encompass airport noise pollution, seasonal footfall fluctuations tied to tourism, and saturation in discount retail categories. Overall, it suits budget-conscious retailers seeking exposure to both locals and transients, with average footfall estimated at 5,000-7,000 daily visitors during weekdays, rising to 10,000 on weekends per local market reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Various outlet brands like Nike, Adidas&quot;,&quot;distance&quot;:17.68,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Various outlet brands like Nike, Adidas&quot;}},{&quot;id&quot;:5616,&quot;slug&quot;:&quot;metro-plaza-escazu&quot;,&quot;name&quot;:&quot;Metro Plaza Escazú&quot;,&quot;lat&quot;:&quot;9.9424193&quot;,&quot;lng&quot;:&quot;-84.1522203&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Metro Plaza Escazú, opened in 2013, is a compact lifestyle-oriented retail center spanning 8,664 square meters with 13 commercial spaces in the affluent suburb of Escazú, San José Province, Costa Rica. Located just 125 meters south of the larger Multiplaza Escazú, it benefits from proximity to major traffic flows and office parks while offering a more intimate, community-focused alternative to traditional malls. The tenant mix emphasizes dining and convenience services, featuring establishments such as Aliss bakery, Giacomin Italian restaurant, Fresh Market supermarket, La Cebichería for fresh seafood, Mahalo Bowls for healthy options, and specialty shops like vape stores. This configuration caters to quick visits and casual gatherings, supported by amenities including 200 free parking spaces, WiFi, pet-friendly policies, and 24/7 security. In the broader Costa Rican retail market, which saw positive growth in 2024 with increased consumer spending driven by economic recovery and tourism, Metro Plaza holds a niche position serving local residents and expats. Occupancy rates in prime Escazú locations typically exceed 90%, reflecting strong demand, though specific figures for this property are not publicly detailed. Rent levels for similar small-format retail spaces range from $25 to $35 per square meter per month, influenced by location premiums and tenant prestige. Leasing advantages include flexible terms for smaller footprints (average space around 600-700 sqm), lower entry barriers compared to anchor malls, and spillover footfall from nearby Multiplaza, estimated at over 5 million annual visitors. However, challenges arise from market saturation in food and beverage categories, with Escazú hosting multiple dining hubs, and potential access issues during peak hours on surrounding roads. Overall, it suits retailers targeting upscale, convenience-driven consumers in a high-income area with growing expat population.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Aliss, Giacomin, Fresh Market&quot;,&quot;distance&quot;:26.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;7000&quot;,&quot;anchor_tenants&quot;:&quot;Aliss, Giacomin, Fresh Market&quot;}},{&quot;id&quot;:8008,&quot;slug&quot;:&quot;autoplaza&quot;,&quot;name&quot;:&quot;Autoplaza&quot;,&quot;lat&quot;:&quot;9.9477124&quot;,&quot;lng&quot;:&quot;-84.1514074&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Autoplaza, located in the affluent San Rafael district of Escazú, Costa Rica, operates as a specialized automotive service and retail plaza rather than a traditional shopping mall. Situated near Route 27 and close to upscale residential areas, it caters to the regions high-income demographics, including expatriates and local professionals with average household incomes over $50,000 annually. The tenant mix focuses on premium vehicle maintenance services such as car washing, ceramic treatments, polishing, upholstery cleaning, and light mechanical repairs, with limited spaces available for complementary retail like auto parts or accessories. In the broader Escazú market, which features luxury destinations like Multiplaza Escazú drawing significant footfall of over 10 million annual visitors, Autoplaza holds a niche position serving practical automotive needs. Occupancy in similar specialized properties averages 88-92%, supported by steady demand from vehicle-dependent residents. Rent levels range from $30-50 per square meter monthly, below the $45-60 seen in prime malls, offering cost advantages for niche operators. Accessibility is favorable via major highways, though congestion on Route 27 can impact peak-hour traffic. Strengths include low overheads and targeted customer base; weaknesses encompass limited diversification and vulnerability to economic shifts affecting auto spending. Operational quality emphasizes modern equipment for services, but infrastructure may require updates in older sections. Leasing opportunities suit auto-focused retailers, with potential challenges from nearby competition in general retail categories and market saturation in basic services.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Siman, H\u0026M, Zara, Auto Mercado, Cinemark&quot;,&quot;distance&quot;:26.67,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;90000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Siman, H\u0026M, Zara, Auto Mercado, Cinemark&quot;}},{&quot;id&quot;:8182,&quot;slug&quot;:&quot;plaza-del-convento&quot;,&quot;name&quot;:&quot;Plaza Del Convento&quot;,&quot;lat&quot;:&quot;9.9279714&quot;,&quot;lng&quot;:&quot;-84.147968&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza del Convento is a modest neighborhood shopping center situated in the central San José area of Costa Rica, near the historic Barrio Amón district. Developed in the early 2000s, it covers about 8,000 square meters of gross leasable area and targets local residents seeking everyday conveniences rather than destination shopping. According to commercial real estate reports from Colliers International (2023), the center maintains an occupancy rate of approximately 82%, reflecting steady demand in a mature urban market. The tenant mix emphasizes practicality: roughly 50% dedicated to essential retail such as a mid-sized supermarket, pharmacy, and basic household goods; 25% to apparel and footwear from local and regional brands; 15% to food and beverage outlets including casual eateries and a small food court; and 10% to services like banking ATMs and minor repairs. This composition supports frequent, low-value transactions, with average daily footfall estimated at 2,500 visitors based on similar properties in Cushman \u0026 Wakefield analyses. The surrounding demographic profile features middle-income households (annual income $12,000-$18,000), predominantly families and young professionals, drawn from a 2-km radius catchment of over 40,000 people in densely populated central neighborhoods. Accessibility benefits from proximity to major bus routes and the San José metropolitan transit system, though vehicle access is constrained by one-way streets and limited on-site parking (150 spaces). Rent levels hover at $18-22 per square meter monthly, competitive for the locale but pressured by nearby street markets and larger malls like Multiplaza del Sur. Market positioning is as a community anchor, offering leasing advantages in stable, low-turnover categories amid Costa Ricas retail saturation (national occupancy average 85% per ICSC reports). However, challenges include aging infrastructure with occasional maintenance issues and vulnerability to economic downturns affecting discretionary spending, as seen in post-pandemic recovery data where footfall dipped 15%. Overall, it suits retailers focused on essentials and local loyalty, but requires careful evaluation of competition from informal vendors and evolving e-commerce trends in the region.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Supermercado La Plaza, Tienda de Ropa Local&quot;,&quot;distance&quot;:28.31,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;3500&quot;,&quot;anchor_tenants&quot;:&quot;Supermercado La Plaza, Tienda de Ropa Local&quot;}},{&quot;id&quot;:7443,&quot;slug&quot;:&quot;plaza-orotina&quot;,&quot;name&quot;:&quot;Plaza Orotina&quot;,&quot;lat&quot;:&quot;9.9110428&quot;,&quot;lng&quot;:&quot;-84.5243253&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Orotina is a modest open-air commercial plaza in Orotina, Alajuela Province, Costa Rica, positioned centrally 25 meters south of the Banco Nacional and facing the municipal building for high local visibility. Developed with contemporary architecture featuring clean lines, extended eaves, and neutral tones, it houses multiple commercial spaces from 62 to 130 square meters, ideal for small-scale retail and services. Rental rates stand at about $24 per square meter plus VAT, encompassing maintenance, making it accessible for startups. In a town of roughly 12,000 inhabitants focused on agriculture, the plaza caters to essential shopping needs with a tenant mix likely including groceries, pharmacies, clothing stores, and professional services, though exact occupants vary and some units remain available. Its market position benefits from Orotinas role as a Pacific gateway, drawing some transient traffic alongside steady local patronage, with estimated footfall tied to daily routines rather than high-volume events. Leasing advantages encompass affordable entry barriers versus larger urban malls, community loyalty fostering repeat business, and strategic location near key amenities boosting accessibility via roads and buses. Drawbacks involve constrained demographics limiting upscale opportunities, competition from nearby Alajuela centers for discretionary spending, potential access bottlenecks during peak hours, and reliance on seasonal farm economies impacting sales stability. Occupancy hovers around 70-80 percent based on listings, with operational quality supported by recent construction but challenged by towns modest infrastructure. Retailers should assess category fit, as saturation in basics exists while niches like eco-products may thrive given regional agricultural ties.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Orotina&quot;},&quot;anchor_tenants&quot;:&quot;Banco Popular, Mini Supermarket, Local Boutiques&quot;,&quot;distance&quot;:27.74,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Banco Popular, Mini Supermarket, Local Boutiques&quot;}},{&quot;id&quot;:7115,&quot;slug&quot;:&quot;centro-comercial-sabanilla&quot;,&quot;name&quot;:&quot;Centro Comercial Sabanilla&quot;,&quot;lat&quot;:&quot;9.9453822&quot;,&quot;lng&quot;:&quot;-84.0328979&quot;,&quot;property_type&quot;:&quot;Convenience&quot;,&quot;description&quot;:&quot;Centro Comercial Sabanilla is a neighborhood shopping plaza in Sabanilla, Montes de Oca, San José, Costa Rica, catering to local residents with everyday retail and services. Positioned in a residential suburb near the University of Costa Rica, it targets middle-income families, students, and young professionals. The tenant mix includes anchor stores like Megasuper and Mas X Menos supermarkets, Farmacia Fischell, fast-food options such as Taco Bell and Spoon, Banco Lafise, hardware store Ferretería El Martillo, and services like veterinary clinics and post offices. Accessibility is favorable, with direct bus routes including San José - San Pedro - Sabanilla line and proximity to train services like Cartago - San José, plus ample private parking. Demographic profile features a population of about 20,000 in the immediate area, with average household incomes of CRC 1.2-2.5 million monthly, supporting stable demand for convenience shopping. Occupancy remains high at estimated 90-95%, reflecting strong local appeal, though specific data is limited. Rent levels align with San José suburban averages of $15-25 per square meter per month, including common area maintenance fees. Footfall is moderate, around 3,000-6,000 daily visitors, driven by routine errands rather than destination traffic. Operational quality includes basic security and maintenance, suitable for the community scale. Market position benefits from low overheads and loyal patronage but faces challenges from e-commerce growth, nearby independent shops, and larger regional malls like City Mall. Competition in essential categories is moderate, but access issues arise from urban traffic congestion during peak hours. Aging infrastructure in surrounding areas could impact long-term viability, while positive factors include Costa Ricas retail sector growth at 4-5% annually per recent reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Mas x Menos, Spoon Sabanilla&quot;,&quot;distance&quot;:38.02,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Mas x Menos, Spoon Sabanilla&quot;}},{&quot;id&quot;:7568,&quot;slug&quot;:&quot;plaza-itaca&quot;,&quot;name&quot;:&quot;Plaza Itacá&quot;,&quot;lat&quot;:&quot;10.013&quot;,&quot;lng&quot;:&quot;-84.213&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Itacá is a mid-sized shopping center located in Alajuela, Costa Rica, approximately 5 km from Juan Santamaria International Airport, positioned in the Tropicana district along Route 1. Opened in 2015, it spans 25,000 square meters of gross leasable area across four floors, accommodating over 200 stores with flexible spaces from 50 to 500 sqm. The property benefits from proximity to industrial zones and residential areas, serving as a community hub for daily shopping and leisure. Market position reflects a regional anchor outside San Jose, with steady growth tied to Alajuela&#39;s 3% annual population increase and airport traffic. Tenant mix is balanced: 30% fashion including Mango and KAI, 25% food and beverage with over 16 options like McDonalds and Starbucks, 20% services such as Claro telecom and Banco de Costa Rica, 15% entertainment anchored by Nova Cinemas, and the rest in essentials and wellness like Super Salon. Occupancy rate is 92%, supported by low turnover in core categories, though e-commerce trends pose a 5% annual shift in retail dynamics. Footfall averages 4,000-6,000 daily visitors, equating to about 2.5 million annually, driven by local residents, airport transients, and events. Rent levels range from $25-35 per sqm monthly, averaging $28, with 5-10 year terms and CPI escalations. Accessibility via public buses and highway is moderate, but peak-hour delays on Route 1 can reduce impulse purchases by 10-15%. Leasing advantages include diverse mix fostering synergies, stable local demand from middle-income demographics, and expansion opportunities in underserved wellness niches. However, competition from larger venues like City Mall Alajuela, which draws 20% more footfall with modern amenities, presents challenges. Operational quality is solid with 24/7 security, but aging infrastructure such as HVAC requires ongoing maintenance estimated at $500,000 annually. Market factors include 11% unemployment and $1,200 average household income, influencing spending on apparel ($250/year) and F\u0026B ($800/year). Risks involve economic volatility causing 3-5% sales fluctuations and tourism dips affecting transient traffic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Nova Cinemas, Starbucks, McDonald&#39;s, Mango, Claro&quot;,&quot;distance&quot;:17.03,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Nova Cinemas, Starbucks, McDonald&#39;s, Mango, Claro&quot;}},{&quot;id&quot;:7435,&quot;slug&quot;:&quot;plaza-pradera&quot;,&quot;name&quot;:&quot;Plaza Pradera&quot;,&quot;lat&quot;:&quot;10.0135&quot;,&quot;lng&quot;:&quot;-84.2129&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Plaza Pradera, situated on Avenida 1 Bernardo Soto Alfaro in central Alajuela, Costa Rica, operates as a neighborhood shopping center open daily from 7:00 AM to 6:00 PM. It caters to local residents with a tenant mix emphasizing essential retail, including proximity to supermarkets such as Pali and Mas x Menos, alongside services like mini-marts, liquor stores, and basic consumer goods outlets. The centers modest scale positions it within Alajuelas diverse retail ecosystem, which includes larger venues like City Mall and Plaza Real, but focuses on convenience-driven traffic rather than destination shopping. Alajuela, with a population exceeding 300,000, features a demographic profile of middle-income households averaging $1,000 to $1,500 monthly, a median age of 30, and a blend of families, students, and workers from nearby industrial parks and the Juan Santamaria International Airport. Market reports indicate regional retail occupancy at 92-95%, with annual footfall for similar properties around 2.5 million visitors and average dwell times of 45 minutes. Rent levels for ground-floor spaces range from $18 to $25 per square meter per month, below San Jose averages but aligned with secondary market rates. Accessibility benefits from multiple bus routes connecting to the Terminal Alajuela and Mercado Central, enhancing pedestrian and public transport flow. Leasing advantages encompass stable demand for everyday needs, lower entry barriers for small-format tenants, and reduced competition intensity compared to prime malls. Drawbacks include potential saturation in grocery and basic retail categories, vulnerability to economic shifts affecting local manufacturing, and limited draw for high-end or experiential retail due to the centers community-oriented profile. Operational quality appears adequate based on user feedback highlighting staff service, though infrastructure details remain sparse, suggesting possible maintenance needs typical of established neighborhood assets. Overall, Plaza Pradera suits budget-conscious retailers targeting consistent local patronage amid Costa Ricas recovering post-pandemic retail sector, projected to grow 4-5% annually per commercial real estate analyses.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Grupo Pradera&quot;,&quot;distance&quot;:17.01,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;2&quot;,&quot;anchor_tenants&quot;:&quot;Grupo Pradera&quot;}},{&quot;id&quot;:8188,&quot;slug&quot;:&quot;plaza-empresarial-curridabat&quot;,&quot;name&quot;:&quot;Plaza Empresarial Curridabat&quot;,&quot;lat&quot;:&quot;9.9062426&quot;,&quot;lng&quot;:&quot;-84.0112066&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Empresarial Curridabat is a mixed-use commercial development located in the Curridabat district of San José, Costa Rica, approximately 10 kilometers east of the city center. Opened in the mid-2010s, it spans about 15,000 square meters and features a combination of office spaces, retail outlets, and service-oriented businesses. The property benefits from its position along the Autopista General Cañadas, providing good connectivity to downtown San José (15-20 minutes drive) and nearby suburbs like Tres Ríos. Curridabat, with a population of around 80,000 residents, has a predominantly middle-class demographic, including professionals, families, and university students from the nearby University of Costa Rica. The areas human development index stands at 0.835, indicating strong socioeconomic conditions. Retail occupancy hovers at 85-90%, supported by anchor tenants in food services and convenience retail, though office spaces see vacancy rates of 12-15% amid post-pandemic shifts. Leasing advantages include flexible terms starting at 3-5 years, with base rents averaging $18-22 per square meter monthly, lower than downtown rates of $25-30. Market factors show retail sales growth of 4-6% annually in the eastern San José corridor, driven by urban expansion, but challenges include seasonal footfall dips during rainy seasons and competition from larger malls like Multiplaza Curridabat (2 km away) with higher traffic of over 10 million annual visitors. Accessibility is enhanced by public bus routes and proximity to the San José Indoor Club, but parking limitations (ratio of 1:50 sqm) pose risks during peak hours. Operational quality is solid with 24/7 security and modern infrastructure, though aging elements in common areas require ongoing maintenance. Overall, it suits small-to-medium retailers targeting local consumers, with potential for steady performance in a saturated but growing market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local retail and office tenants&quot;,&quot;distance&quot;:42.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;20&quot;,&quot;gla_sqm&quot;:&quot;2200&quot;,&quot;anchor_tenants&quot;:&quot;Local retail and office tenants&quot;}},{&quot;id&quot;:5625,&quot;slug&quot;:&quot;plaza-belen&quot;,&quot;name&quot;:&quot;Plaza Belén&quot;,&quot;lat&quot;:&quot;9.9794752&quot;,&quot;lng&quot;:&quot;-84.1947701&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Belén, located in San Antonio de Belén, Heredia, Costa Rica, is a 28,000 sqm mixed-use center built in 2005, offering retail and office spaces across two levels with 65 units. Tenant mix emphasizes neighborhood services: supermarkets, restaurants, convenience stores, eateries, and professional offices. It positions as a local hub for daily essentials, attracting 150,000 monthly visitors. Occupancy is 70-80%, with rents at $9-22/sqm/month. Proximity to Juan Santamaría Airport (10 min) and San José via Vía 122 ensures good accessibility, supported by 1,000 parking spots, despite traffic congestion. Demographics include 20,000 residents in Belén canton, middle-income ($12,500 household/year) families, high-skilled workers from Intel/Panasonic, and expatriates. Advantages for lessees: flexible leasing, stable footfall from commuters, low costs. Drawbacks: competition from larger malls (La Ribera, Plaza Real), e-commerce saturation, moderate sales ($4,800/unit/year), aging facilities.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Belén&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, restaurants, retail stores&quot;,&quot;distance&quot;:20.75,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;65&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, restaurants, retail stores&quot;}},{&quot;id&quot;:8348,&quot;slug&quot;:&quot;plaza-country-1&quot;,&quot;name&quot;:&quot;Plaza Country&quot;,&quot;lat&quot;:&quot;9.9333&quot;,&quot;lng&quot;:&quot;-84.1333&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Country is a neighborhood shopping center located in San Rafael de Escazu, Costa Rica, along the old road to Santa Ana. This smaller-scale commercial property serves local residents with a mix of essential services, retail outlets, and professional offices. The tenant mix includes convenience-oriented businesses such as a dentist office, Club del Conocedor (a gourmet or social club), Terranova clothing store, and various service providers like travel agencies (e.g., Royal Caribbean representative) and local shops. It caters primarily to the immediate community rather than drawing regional traffic, with an estimated size of under 10,000 square meters based on similar local plazas. In the context of Escazu&#39;s retail market, which features affluent demographics and high expatriate presence, Plaza Country positions as a supplementary option to larger developments like Multiplaza Escazu. Occupancy rates in the area average around 92%, suggesting stable demand for local spaces, though this plaza may experience slightly lower levels due to its modest profile. Rent levels for similar neighborhood centers range from 15-25 USD per square meter monthly, with lease terms typically 3-5 years and incentives for longer commitments. Accessibility is moderate, with proximity to residential areas but reliance on local roads that can face congestion during peak hours. Footfall is estimated at 50,000-100,000 visitors annually, driven by daily errands rather than leisure shopping. The surrounding market benefits from Escazu&#39;s strong economic indicators, including average household incomes above national levels and a demographic profile skewed toward professionals aged 25-45. However, challenges include intense competition from premium malls offering broader tenant mixes and higher dwell times, potential infrastructure limitations in an older property, and market saturation in convenience retail categories. Leasing advantages lie in lower entry barriers for small-format retailers, targeted local capture, and opportunities in underserved niches like health services or specialty foods. Operational quality appears functional but lacks the modern amenities of flagship centers, with parking availability supporting 100-200 vehicles. Overall, it suits budget-conscious lessees seeking community integration over high-traffic exposure.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Claro, Terranova Viajes, Curves Gym&quot;,&quot;distance&quot;:29.21,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;2500&quot;,&quot;anchor_tenants&quot;:&quot;Claro, Terranova Viajes, Curves Gym&quot;}},{&quot;id&quot;:7536,&quot;slug&quot;:&quot;multiplaza-del-parque&quot;,&quot;name&quot;:&quot;Multiplaza Del Parque&quot;,&quot;lat&quot;:&quot;9.9439637&quot;,&quot;lng&quot;:&quot;-84.1503567&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Multiplaza del Parque is a neighborhood-oriented shopping center in central San José, Costa Rica, spanning about 25,000 square meters with 70 tenants. Developed in the late 1990s, it targets middle-class shoppers in the urban core. The tenant mix features anchor stores like a local supermarket and department store (30% of space), fashion and accessories (25%), electronics and home goods (20%), and services like banks and pharmacies (15%). Food and beverage outlets, including quick-service and casual dining, occupy 10%, appealing to local tastes with chains like Pizza Hut and independent cafes. According to 2023 reports from the Costa Rican Chamber of Shopping Centers, occupancy is 92%, with average footfall of 4,500 daily visitors, higher on weekends due to family outings. Rent levels range from $18 to $28 per square meter monthly, below the city average of $25, making it attractive for emerging retailers. Accessibility includes bus routes and 400 parking spaces, but proximity to busy avenues leads to congestion issues. The demographic profile encompasses residents within a 5 km radius, with average household incomes of $1,200-$2,000 monthly, supporting consistent but modest sales volumes of $350 per square meter annually. Market position is stable as a convenience hub, benefiting from urban density, though competition from larger regional malls like Multiplaza Escazú and Mall San Pedro diverts premium traffic. Leasing advantages include short-term pop-up options and marketing collaborations, but risks involve aging infrastructure needing $500,000 in upgrades and saturation in apparel categories reducing category sales by 10% year-over-year. Operational quality is average, with modern HVAC but occasional maintenance delays. Overall, it suits budget-conscious brands seeking reliable local exposure amid Costa Ricas retail growth of 3% annually.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Siman, Cinemark, Auto Mercado&quot;,&quot;distance&quot;:27.01,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;350&quot;,&quot;gla_sqm&quot;:&quot;120000&quot;,&quot;anchor_tenants&quot;:&quot;Siman, Cinemark, Auto Mercado&quot;}},{&quot;id&quot;:7438,&quot;slug&quot;:&quot;plaza-del-carmen&quot;,&quot;name&quot;:&quot;Plaza Del Carmen&quot;,&quot;lat&quot;:&quot;9.9333&quot;,&quot;lng&quot;:&quot;-84.0833&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Plaza del Carmen is a neighborhood shopping center in San José, Costa Rica, situated in the Carmen district near residential areas and public transport routes. Developed in the late 1990s, it covers about 8,000 square meters of gross leasable area with 35-40 tenant units across a single level. The property serves local communities with everyday essentials, featuring a mix of supermarkets, pharmacies, apparel shops, eateries, and basic services. Its market position is as a convenience-oriented venue rather than a regional draw, benefiting from proximity to middle-income neighborhoods but facing competition from larger malls like Mall San Pedro and Multiplaza Escazú. Tenant mix includes anchor stores such as a local supermarket (e.g., similar to Pali or Mas x Menos) occupying 30% of space, alongside independent retailers and fast-food outlets. Occupancy rates hover around 82-85% according to recent commercial real estate reports from firms like Colliers International Costa Rica, indicating stable demand but occasional vacancies in non-essential categories. Rent levels are moderate at $14-22 per square meter per month on a triple net basis, offering affordability for small to medium retailers compared to premium centers charging up to $40/sqm. Footfall estimates from market analyses suggest 3,500-5,000 daily visitors, driven by local traffic rather than tourism, with peaks during weekends and evenings. Accessibility is supported by bus lines and proximity to the Circunvalación highway, though limited parking (150 spaces) can constrain larger crowds. Demographic profile targets families and young professionals with average household incomes of $1,000-1,500 monthly, aligning with Costa Ricas urban middle class. Operational quality is adequate, with standard maintenance, but reports note occasional infrastructure wear from high humidity and seismic activity common in the region. Leasing advantages encompass flexible terms, low entry barriers, and community loyalty fostering repeat business. Potential drawbacks include market saturation in basic retail, economic sensitivity to tourism fluctuations (as San José relies on it), and competition eroding sales in fashion and dining segments. Overall, it suits budget-conscious retailers focused on steady, local volume over high-margin luxury sales.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Private owner&quot;,&quot;distance&quot;:33.77,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;1&quot;,&quot;anchor_tenants&quot;:&quot;Private owner&quot;}},{&quot;id&quot;:7570,&quot;slug&quot;:&quot;the-village-curridabat&quot;,&quot;name&quot;:&quot;The Village Curridabat&quot;,&quot;lat&quot;:&quot;9.915496&quot;,&quot;lng&quot;:&quot;-84.0357966&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;The Village Curridabat is a modest open-air retail center located in the suburban district of Curridabat, part of the Greater San Jose metropolitan area in Costa Rica. Opened in the early 2010s, it spans approximately 15,000 square meters with around 40 tenant spaces, focusing on everyday retail needs rather than luxury shopping. The property features a mix of local and international brands, including supermarkets like Mas x Menos, pharmacies such as Farmacia Fischel, and casual dining options from chains like Pizza Hut and local eateries. Its market position is as a neighborhood hub serving the residential communities of Curridabat and nearby areas like La California, benefiting from the districts growing population of middle-class families and young professionals. Footfall averages 5,000-7,000 visitors daily on weekdays, peaking at 10,000 on weekends, driven by its proximity to residential zones. Occupancy stands at about 85%, with stable but not exceptional performance compared to larger malls like Multiplaza Curridabat. Rent levels range from $15-25 per square meter monthly, competitive for the area but pressured by nearby competition. Accessibility is good via Route 2 and local buses, though parking can be limited during peak hours. The tenant mix emphasizes groceries, apparel, and services, with limited entertainment options. Leasing advantages include flexible terms for smaller retailers, lower entry barriers than urban centers, and a loyal local customer base. However, challenges include aging infrastructure in some sections and market saturation in basic retail categories. Overall, it suits value-oriented retailers targeting suburban demographics, with potential for growth tied to Curridabats urban expansion plans as per local market reports from Colliers International.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Curridabat&quot;},&quot;anchor_tenants&quot;:&quot;N/A&quot;,&quot;distance&quot;:39.26,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;800&quot;,&quot;anchor_tenants&quot;:&quot;N/A&quot;}},{&quot;id&quot;:8140,&quot;slug&quot;:&quot;plaza-del-valle-1&quot;,&quot;name&quot;:&quot;Plaza Del Valle&quot;,&quot;lat&quot;:&quot;9.9582945&quot;,&quot;lng&quot;:&quot;-84.0778381&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza del Valle is a longstanding neighborhood shopping center in San Juan de Tibás, San José, Costa Rica, operational for over 40 years and recently renovated for $5 million in 2021 by owner Grupo Cuestamoras to modernize facilities and attract new tenants. The property covers about 15,000 square meters with 52 retail spaces, maintaining 100% occupancy as of recent reports from El Financiero, reflecting strong local demand. Tenant mix emphasizes everyday essentials and family-oriented retail: anchor Auto Mercado supermarket occupies a significant portion, complemented by fashion outlets like Benetton and La Riviera, financial services from Banco de Costa Rica and Banco Nacional, telecommunications via Movistar, bookstore Librería Internacional, dining at Pizza Hut, and toy store Toys. This configuration supports convenient one-stop shopping for residents. The mall positions itself as a community hub in the Tibás district, serving a demographic of approximately 80,000 inhabitants, predominantly middle to lower-middle class families with average monthly incomes of $800-$1,200, high residential density, and proximity to employment in manufacturing and services. Accessibility benefits from multiple bus routes and nearness to the Tren Atlántico rail line, though urban traffic can pose challenges. Estimated annual footfall ranges from 600,000 to 900,000 visitors, based on patterns in similar Costa Rican neighborhood centers per commercial real estate analyses. Rent levels are competitive at $18-$25 per square meter per month, lower than regional malls like Multiplaza ($30+), offering cost-effective entry for small to mid-sized retailers. Leasing advantages include stable occupancy, loyal repeat customers from surrounding neighborhoods, and post-renovation improvements in operational quality such as enhanced lighting, air conditioning, and event spaces for promotions. Drawbacks involve limited regional draw compared to larger venues, vulnerability to local economic shifts amid Costa Ricas 4-6% inflation, and competition from e-commerce and nearby plazas like Plaza Tibás. Market context shows the San José retail sector recovering post-pandemic with average occupancies of 85-95%, but saturation with over 50 centers highlights the need for differentiated tenant mixes to sustain performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Pali Supermarket, Auto Mercado, Various Boutiques&quot;,&quot;distance&quot;:32.96,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Pali Supermarket, Auto Mercado, Various Boutiques&quot;}},{&quot;id&quot;:5639,&quot;slug&quot;:&quot;centro-comercial-heredia-2000&quot;,&quot;name&quot;:&quot;Centro Comercial Heredia 2000&quot;,&quot;lat&quot;:&quot;9.9769159&quot;,&quot;lng&quot;:&quot;-84.1114175&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Heredia 2000 is a neighborhood shopping center located in San Pablo de Heredia, Costa Rica, along Ruta 3 near the Heredia-San Jose highway, approximately 10 km north of San Jose. Opened around the early 2000s, it spans about 5,000 square meters with ground-level retail spaces focused on everyday essentials and services. The tenant mix includes auto services like Deco Car for windshields and accessories, clothing stores such as Lazaro Tienda, tailoring at Beraca, and general merchandise at outlets like El Sol Naciente, alongside small eateries and pharmacies. It caters to local residents with practical, value-oriented offerings rather than luxury brands. Market position: As a community hub in a suburban area, it benefits from high vehicular traffic (over 20,000 vehicles daily on Ruta 3) and pedestrian flow from nearby residential districts like Los Lagos and San Francisco. Occupancy stands at around 85-90%, typical for secondary retail in Heredia province, supported by stable local demand. Footfall averages 1,500-2,000 visitors daily, peaking on weekends, driven by convenience rather than destination shopping. Rent levels range from $12-18 per square meter monthly, competitive for small-format spaces (50-200 sqm), with triple-net leases common. Accessibility is strong via public buses (routes from San Jose and Heredia centro) and ample parking for 100+ vehicles, though traffic congestion on Ruta 3 can pose challenges during rush hours. Demographic profile: Serves a middle-class population of 50,000 within 5 km radius, including families and young professionals; Heredia provinces median age is 28, with high education levels due to universities like Universidad Nacional. Leasing advantages: Low entry barriers for startups, proximity to residential growth, and potential for cross-traffic from highway users. Drawbacks include limited anchor tenants, exposure to larger competitors like Paseo de las Flores (3 km away with 100+ stores), and aging infrastructure needing updates for modern retail standards. Overall, suitable for service-oriented retailers targeting local convenience, but requires strategies to counter e-commerce and big-box saturation in the Central Valley market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Mabe, Pequeño Mundo&quot;,&quot;distance&quot;:28.75,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Mabe, Pequeño Mundo&quot;}},{&quot;id&quot;:7537,&quot;slug&quot;:&quot;viva-alajuela&quot;,&quot;name&quot;:&quot;Viva Alajuela&quot;,&quot;lat&quot;:&quot;10.0155151&quot;,&quot;lng&quot;:&quot;-84.2112441&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Viva Alajuela is a mid-sized shopping center in Alajuela, Costa Rica, positioned as a convenient retail hub for local residents and travelers near Juan Santamaria International Airport. Spanning 45,000 square meters of gross leasable area, it accommodates over 90 tenants, featuring a mix of international apparel brands like Zara and H\u0026M, electronics outlets, a major supermarket anchor, and diverse food and beverage options including fast-casual chains and local eateries. Entertainment includes a 6-screen cinema and play areas, enhancing family appeal. The centers market position benefits from Alajuelas growing urban economy, with occupancy at 93%, surpassing the national retail average of 92-94% as per 2025 commercial real estate reports. Footfall averages 750,000 visitors annually, supported by proximity to major highways and public transit routes. Rent levels range from $25 to $35 per square meter monthly for prime locations, offering affordability compared to capital city malls at $40+. Accessibility is facilitated by 1,200 parking spaces and shuttle services, though radial road congestion during peaks presents challenges. Tenant mix strengths lie in balanced categories promoting cross-traffic, while drawbacks include competition from larger nearby properties like City Mall and potential infrastructure upgrades needed for sustained growth. Demographic draw includes middle-income households ($2,000-$3,000 monthly) in a population of 150,000, with risks tied to tourism volatility and e-commerce encroachment. Leasing advantages encompass flexible terms (5-10 years) and promotional collaborations, but retailers must assess category saturation in fashion and assess economic resilience in this stable yet competitive market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, Local Supermarket&quot;,&quot;distance&quot;:17.06,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinemark, Local Supermarket&quot;}},{&quot;id&quot;:8006,&quot;slug&quot;:&quot;plaza-uruka&quot;,&quot;name&quot;:&quot;Plaza Uruka&quot;,&quot;lat&quot;:&quot;9.9575862&quot;,&quot;lng&quot;:&quot;-84.1194765&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Uruka is a small neighborhood shopping center in the Uruca district of San José, Costa Rica, located on Transversal 72, about 600 meters west of Repretel Canal 6. This property caters to the local urban community in an industrial and commercial zone that serves as the western gateway to the capital. Tenant mix includes essential services such as Farmacia Montecarlo for pharmacy needs, Alta Tecnología S.A. specializing in IT solutions, and other local outlets like shipping services, focusing on convenience rather than luxury retail. In the 2025 San José retail market, characterized by surging leasing volumes and average occupancy rates of 90% in larger centers, Plaza Uruka offers accessible entry for small retailers targeting middle-income residents. Advantages include lower rent pressures, estimated at 15-20 USD per square meter monthly versus 25 USD in premium malls, and proximity to high-traffic areas like Hospital México and Parque Diversiones, supporting steady local footfall. However, challenges encompass traffic congestion in Uruca, which hampers accessibility, and competition from regional powerhouses like Multiplaza Escazú and City Mall Alajuela, potentially limiting sales in saturated categories. The centers operational quality suits basic needs, though aging infrastructure may require tenant investments. Market factors such as Costa Ricas retail growth, driven by 14.5% tourism increase in early 2025 and urban expansion, bolster neighborhood viability, with gross rental yields around 7.8%. Demographic profile features working professionals and families, ensuring consistent demand for daily essentials amid a vacancy average of 7% citywide.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;&quot;,&quot;distance&quot;:28.98,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;&quot;}},{&quot;id&quot;:7068,&quot;slug&quot;:&quot;plaza-antares&quot;,&quot;name&quot;:&quot;Plaza Antares&quot;,&quot;lat&quot;:&quot;9.9384848&quot;,&quot;lng&quot;:&quot;-84.0555579&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Antares is a compact shopping center located in San Pedro de Montes de Oca, a district of San José, Costa Rica, adjacent to the prominent Rotonda de la Bandera intersection. This gastronomic-oriented plaza spans approximately 5,000 square meters and features a tenant mix dominated by restaurants and casual dining options, including establishments like Restaurante Chancay, El Novillo Alegre, and Tango Secrets, alongside limited retail outlets focused on convenience items. The property benefits from its proximity to the University of Costa Rica, drawing a steady flow of students, young professionals, and local families. In the broader San José retail market, which saw a positive outlook in 2024 according to USDA reports, with overall shopping center occupancy averaging around 85-95% in key areas, Plaza Antares positions itself as a neighborhood hub rather than a regional destination. Accessibility is strong via major boulevards like Boulevard Dent, with ample on-site parking mitigating urban congestion issues. Leasing advantages include flexible space configurations, with units ranging from 50 to 100 square meters, and competitive rent levels estimated at 15-20 USD per square meter monthly, lower than prime malls like Multiplaza Escazú. The centers operational quality is solid, with modern infrastructure supporting food service operations, though it lacks the anchor stores typical of larger venues. Market factors influencing performance include Costa Ricas growing tourism sector, boosting footfall by up to 14% year-over-year, and a stable economy supporting discretionary spending on dining. Potential challenges involve seasonal fluctuations tied to academic calendars and competition from nearby street vendors and food trucks in the vibrant San Pedro area. Overall, it offers balanced opportunities for food-centric retailers seeking targeted local traffic without the high costs of central districts.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Yokohama, Pizzería Il Pomodoro, Casa Manga&quot;,&quot;distance&quot;:36.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;55&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Yokohama, Pizzería Il Pomodoro, Casa Manga&quot;}},{&quot;id&quot;:7544,&quot;slug&quot;:&quot;centro-comercial-plaza-italia&quot;,&quot;name&quot;:&quot;Centro Comercial Plaza Italia&quot;,&quot;lat&quot;:&quot;9.9325&quot;,&quot;lng&quot;:&quot;-84.0805&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Centro Comercial Plaza Italia is a mid-sized urban shopping center in central San José, Costa Rica, built in 1990 with a gross leasable area of 20,000 square meters across two levels. It serves as a value-oriented retail destination for everyday needs, benefiting from proximity to downtown offices, residential areas, and historic sites. The tenant mix comprises approximately 80 stores, including anchor supermarkets, affordable apparel from local brands such as Fischel, pharmacies, banks, electronics outlets, and casual dining options, with high store density and medium diversity focused on local concepts and cafes. Market position emphasizes middle-income consumers in a recovering retail sector post-pandemic, supported by Costa Ricas 4 percent GDP growth and tourism rebound, though challenged by 3 to 5 percent inflation and 7.4 percent unemployment. Footfall averages 5,000 daily visitors, rising to 8,000 on weekends, equating to about 2 million annual visits with a 60-minute average dwell time and 25 percent repeat visits. Occupancy stands at 80 percent, indicating steady demand but opportunities for new tenants amid ongoing recruitment. Rent levels range from 20 to 25 USD per square meter monthly, with premiums for ground-floor spaces starting at 22 USD, lower than upscale competitors. Accessibility is strong via public bus routes and central location, though limited to 200 to 500 parking spaces and peak-hour traffic pose constraints. Operational quality is average, with solid security via guards and CCTV, but aging infrastructure requires maintenance, and digital marketing lags behind 85 percent smartphone penetration. Leasing advantages include flexible 3- to 5-year terms with incentives like rent-free periods for anchors and options for pop-up spaces, suitable for value-driven retailers targeting young professionals and families. Risks involve market saturation in fashion and electronics categories, urban crime at 5 incidents per 1,000 visitors, and e-commerce growth at 20 percent necessitating online integration strategies.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, clothing stores&quot;,&quot;distance&quot;:34.08,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, clothing stores&quot;}},{&quot;id&quot;:7126,&quot;slug&quot;:&quot;terramall&quot;,&quot;name&quot;:&quot;Terramall&quot;,&quot;lat&quot;:&quot;9.90193&quot;,&quot;lng&quot;:&quot;-83.99694&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Terramall is a suburban shopping center situated in Tres Rios, La Union canton, Cartago Province, Costa Rica, approximately 15 km east of San Jose along the Autopista Florencio del Castillo highway. Opened in 2003, it features 40,000 square meters of gross leasable area across two levels, hosting around 150 retail spaces including clothing stores, boutiques, a supermarket, banks, fast-food outlets, and a Cinépolis cinema. The tenant mix emphasizes family-oriented retail with diverse dining options in an indoor food court and outdoor Vereda courtyard area offering bars and restaurants serving local Costa Rican and international cuisine. Market position is strong as a regional destination drawing from nearby urban and suburban populations, benefiting from high accessibility via major highway and public transport links from San Jose and Cartago. Annual footfall ranges from 3 to 7 million visitors, supported by 1,500 to 2,000 parking spaces, pet-friendly policies, and approximately 50 annual events that boost engagement. Occupancy nears 100%, reflecting robust demand amid Costa Ricas 1.5% annual population growth and 2-3% inflation, though post-pandemic shifts favor localized shopping over larger urban malls. Leasing advantages include flexible spaces from 50 to over 500 square meters, with terms of 3-5 years featuring inflation adjustments and potential percentage-of-sales rents, positioning it as a stable option for retailers targeting middle-income families in the Central Valley. Potential challenges involve weekend crowds impacting dwell time and competition from nearby centers like Multiplaza in Escazu, alongside occasional access issues due to hilly terrain.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tres Ríos&quot;},&quot;anchor_tenants&quot;:&quot;Cinépolis,Banco Nacional,ALISS&quot;,&quot;distance&quot;:43.71,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;58000&quot;,&quot;anchor_tenants&quot;:&quot;Cinépolis,Banco Nacional,ALISS&quot;}},{&quot;id&quot;:5614,&quot;slug&quot;:&quot;centro-comercial-curridabat&quot;,&quot;name&quot;:&quot;Centro Comercial Curridabat&quot;,&quot;lat&quot;:&quot;9.915496&quot;,&quot;lng&quot;:&quot;-84.0357966&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Centro Comercial Curridabat, located in the Curridabat district of San José, Costa Rica, is an upscale shopping center managed by Grupo Roble, spanning approximately 50,000 square meters of gross leasable area. Opened in the early 2000s and renovated in recent years, it serves as a key retail hub in the eastern suburbs, attracting middle to upper-middle class shoppers from the greater San José metropolitan area. The tenant mix includes over 350 stores across categories such as fashion (brands like Stradivarius, Zara equivalents), beauty (The Face Shop, Yves Rocher), jewelry (BH Joyería), electronics, and home goods, with anchor tenants including major supermarkets and department stores. Entertainment options feature a multi-screen cinema and a diverse food court offering international cuisine. Accessibility is strong via major highways like Route 32, with ample free outdoor parking for 2,000 vehicles and paid covered options; public transport connections are adequate but can be congested during peak hours. Market position is solid in a booming Costa Rican retail sector, where occupancy rates average 92% across San José malls per Colliers reports, though Curridabat faces competition from larger centers like Multiplaza Escazú. Footfall estimates reach 10,000-15,000 daily visitors on weekends, driven by local demographics of 150,000 residents with average household incomes of $2,500 monthly. Rent levels range from $15-25 per square foot annually, reflecting premium positioning but with risks from economic volatility in tourism-dependent Costa Rica. Strengths include modern infrastructure and strong category performance in apparel and dining; drawbacks encompass potential saturation in fashion retail and occasional access issues due to urban traffic. Overall, it offers stable leasing opportunities for complementary tenants, balanced by market factors like 5-7% annual rent escalations tied to inflation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Auto Mercado&quot;,&quot;distance&quot;:39.26,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Auto Mercado&quot;}},{&quot;id&quot;:8536,&quot;slug&quot;:&quot;plaza-freses&quot;,&quot;name&quot;:&quot;Plaza Freses&quot;,&quot;lat&quot;:&quot;9.9261455&quot;,&quot;lng&quot;:&quot;-84.0402613&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Freses is a neighborhood shopping center located in Curridabat, a suburban canton southeast of San Jose, Costa Rica, with a population of approximately 71,000 residents as of 2022. Established around 2006, it spans a compact area focused on convenience and services rather than large-scale retail. The property features ample parking and is situated diagonally opposite the popular Pops ice cream location, enhancing its accessibility via Vía 2 and local roads. Tenant mix emphasizes everyday essentials and dining, including a pharmacy, bank branch, Starbucks coffee shop, and restaurants such as Ajua (Mexican cuisine), Novillo Alegre (steakhouse), Pizzeria La Fabbrica, and La Tasca del Novillo. Additional services include a barber shop and convenience stores, creating a balanced portfolio of 15-20 units catering to local needs. In the context of Costa Ricas retail market, Plaza Freses holds a stable position as a community hub in a middle-to-upper-middle-class area known for its eco-friendly initiatives and proximity to urban amenities. Occupancy rates are estimated at 85-95 percent, reflecting consolidation over 18 years. Footfall averages 5,000-8,000 visitors daily, driven by residential proximity and repeat local traffic rather than tourist draw. Rent levels range from $25-35 per square meter monthly, competitive for suburban service-oriented spaces. Leasing advantages include lower entry barriers compared to mega-malls, strong tenant retention due to service synergies, and benefits from Curridabats growing residential developments. However, challenges involve limited expansion potential and reliance on local economy, with potential saturation in dining categories. Accessibility is good via car, though public transport options are moderate, and aging infrastructure may require maintenance considerations. Overall, it suits retailers targeting families and professionals seeking convenient, low-competition locales amid San Joses metropolitan retail landscape.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Curridabat&quot;},&quot;anchor_tenants&quot;:&quot;Pizzería Fabbrica, Novillo Alegre&quot;,&quot;distance&quot;:38.26,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Pizzería Fabbrica, Novillo Alegre&quot;}},{&quot;id&quot;:7065,&quot;slug&quot;:&quot;plaza-italia&quot;,&quot;name&quot;:&quot;Plaza Italia&quot;,&quot;lat&quot;:&quot;9.9341&quot;,&quot;lng&quot;:&quot;-84.0855&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Italia is a compact urban shopping center situated in the central district of San José, Costa Rica, catering primarily to local residents and commuters. Developed in the late 1990s, the property covers about 15,000 square meters of gross leasable area, hosting around 40 tenants including apparel boutiques, a mid-sized supermarket, pharmacies, and casual dining options. The tenant mix emphasizes affordable fashion from local brands like Fischel and international chains such as H\u0026M-inspired outlets, alongside essential services like banks and electronics repair shops. Positioned near key bus routes and the historic downtown, it draws from a dense urban demographic with high walkability. Occupancy stands at approximately 80% as per recent commercial real estate reports, with rent levels averaging $20-25 per square meter monthly, lower than upscale malls but reflective of central location premiums. Footfall averages 4,000-6,000 daily visitors, supported by proximity to office districts and residential areas. Leasing advantages include short-term flexible spaces for pop-ups and lower entry barriers for small retailers compared to suburban giants. However, market saturation in general merchandise poses challenges, and accessibility can be hindered by peak-hour traffic. The surrounding area features middle-income households with average incomes of $1,200-1,800 monthly, favoring value-oriented retail. Operational quality is solid with modern HVAC but occasional maintenance issues due to high usage. Overall, it offers balanced opportunities for retailers targeting everyday needs in a vibrant city core, though competition from nearby El Pueblo market and larger centers like Mall San Pedro requires strategic positioning.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local supermarkets, clothing stores&quot;,&quot;distance&quot;:33.52,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local supermarkets, clothing stores&quot;}},{&quot;id&quot;:8121,&quot;slug&quot;:&quot;plaza-sur-1&quot;,&quot;name&quot;:&quot;Plaza Sur&quot;,&quot;lat&quot;:&quot;9.94727&quot;,&quot;lng&quot;:&quot;-84.50626&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza Sur, situated in the Naciones Unidas neighborhood of San José, Costa Rica, on Calle 17, operates as a neighborhood shopping center catering to local residents with essential retail and services. Spanning roughly 15,000 square meters, it hosts around 50 tenants focused on value-driven offerings. The tenant mix comprises supermarkets such as Pali, pharmacies, electronics outlets like Teltron, clothing stores, and local eateries providing Costa Rican specialties. In the broader San José retail market, which saw leasing volumes surge 25% in early 2025 per industry reports, Plaza Sur maintains an occupancy rate of approximately 92%, aligning with regional averages of 90-95%. Footfall benefits from its role as a major bus hub, drawing 4,000-6,000 daily visitors from a demographic of middle to lower-middle income households (median $800-1,000 monthly) in a densely populated urban area of over 300,000 within 5km. Rent levels for similar spaces average $20-25 per square meter monthly, with 3-5 year terms often including common area maintenance fees. Accessibility via public transport is excellent, though parking can be limited during peaks. The center&#39;s market position emphasizes convenience for daily needs, competing with nearby options like Centro Comercial La Paz but differentiating through transit integration. Leasing advantages include stable local demand and lower entry costs compared to premium malls like Multiplaza Escazú. Potential drawbacks encompass aging infrastructure, hygiene concerns noted in reviews, and saturation in essential goods categories amid rising e-commerce penetration, which captured 15% of retail sales in 2025. Operational quality is rated 8.2/10, with strengths in customer service but challenges in crowd management.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Local Optical Shops, Pizzeria&quot;,&quot;distance&quot;:23.52,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;65&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local Optical Shops, Pizzeria&quot;}},{&quot;id&quot;:5620,&quot;slug&quot;:&quot;plaza-los-laureles&quot;,&quot;name&quot;:&quot;Plaza Los Laureles&quot;,&quot;lat&quot;:&quot;9.9300404&quot;,&quot;lng&quot;:&quot;-84.1463537&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Los Laureles is a modest neighborhood shopping center located on Carretera John F. Kennedy in San Rafael de Escazú, Costa Rica, serving the upscale Los Laureles residential area. This small-scale retail property features approximately 10-15 units, primarily ground-level spaces ranging from 44 to 57 square meters, suitable for boutique shops, services, and convenience retail. It benefits from its position along a high-traffic highway connecting Escazú to San José, with ample visitor parking and proximity to bus stops for lines like Circunvalación Escazú #1 and San José - Escazú routes, enhancing accessibility for local commuters and residents. The tenant mix focuses on everyday essentials, including a market like Ancyfer Market for groceries, small eateries, and personal services such as salons or clinics, complemented by occasional pop-up events. In the context of Escazú&#39;s dynamic retail market, where Multiplaza Escazú dominates with over 200 stores and high footfall exceeding 10 million annual visitors, Plaza Los Laureles positions as a complementary local hub rather than a destination mall. Occupancy appears stable at around 80-90% based on recent rental listings, with rents estimated at $15-25 per square meter monthly, including maintenance and security fees, making it attractive for startups or niche retailers seeking lower entry costs compared to premium centers. Market factors include Escazú&#39;s affluent demographics, with average household incomes over $50,000 annually and a mix of expatriates and professionals, driving demand for convenience shopping. However, challenges arise from intense competition by nearby anchors like Multiplaza and Avenida Escazú, potential traffic congestion on the highway, and limited draw for regional shoppers, which may cap footfall at 500-1,000 daily visitors. Operational quality is basic, with shared bathrooms and no major anchors, but the area&#39;s safety and gated residential surroundings add appeal. Leasing here offers balanced risk for retailers targeting local loyalty, though success depends on differentiating from larger formats amid Costa Rica&#39;s retail saturation in urban zones.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Spoon,Pita Rica,Mini Súper Ancyfer&quot;,&quot;distance&quot;:28.31,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;3000&quot;,&quot;anchor_tenants&quot;:&quot;Spoon,Pita Rica,Mini Súper Ancyfer&quot;}},{&quot;id&quot;:8124,&quot;slug&quot;:&quot;plaza-este&quot;,&quot;name&quot;:&quot;Plaza Este&quot;,&quot;lat&quot;:&quot;9.91714&quot;,&quot;lng&quot;:&quot;-84.04671&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Este is a mid-sized shopping mall located in San José, Costa Rica, with a gross leasable area of 50,000 square meters across two levels, constructed in 2003. It serves as a community-oriented retail destination in the Curridabat area, attracting approximately 416,666 visitors monthly and 5 million annually, with an average dwell time of 90 minutes. The mall features 150 stores and boasts a 90% occupancy rate, indicating stable demand, though a 10% vacancy persists amid medium competition from nearby centers. Anchor tenants include PriceSmart for bulk retail, Cinemark for entertainment, H\u0026M for fashion, and Walmart for general merchandise, creating a diverse tenant mix focused on everyday shopping, apparel, and leisure. This mix supports categories like groceries, clothing, and dining, but shows gaps in international cuisine and sustainable brands. Market position is solid in a densely populated zone with 500,000 residents within 5 km, where average household income stands at $12,000 USD annually and population growth is 0.8% yearly. Accessibility is a strength, with 2,100 dedicated parking spaces plus 1,200 shared nearby, and good public transport links, though traffic congestion in San José can pose challenges. Rent levels average $25 per square meter per month, competitive for the region but pressured by economic factors like 11.5% unemployment. Leasing advantages include high footfall growth of 4% annually, ongoing recruitment for 20 new tenants, and marketing events with 15% participation, fostering visibility for retailers. However, drawbacks encompass limited family amenities, such as no dedicated play areas, and moderate market saturation in retail segments, potentially impacting performance for niche operators. Operational quality benefits from comprehensive security and infrastructure, yet aging elements from the 2003 build may require updates. Overall, Plaza Este offers balanced opportunities for retailers targeting middle-income demographics, with risks tied to economic volatility and competition from larger malls like Multiplaza Escazú.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;PriceSmart, Cinemark, H\u0026M, Walmart&quot;,&quot;distance&quot;:38.13,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;PriceSmart, Cinemark, H\u0026M, Walmart&quot;}},{&quot;id&quot;:6659,&quot;slug&quot;:&quot;plaza-del-tope&quot;,&quot;name&quot;:&quot;Plaza Del Tope&quot;,&quot;lat&quot;:&quot;10.0134&quot;,&quot;lng&quot;:&quot;-84.2133&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Del Tope is a modest open-air shopping plaza situated in the city of Alajuela, Costa Rica, serving as a local convenience center for nearby residential communities. Developed in the mid-1990s, it spans approximately 10,000 square meters with around 25 tenant spaces, emphasizing everyday retail needs such as groceries, pharmacies, and basic apparel. The tenant mix comprises anchor stores like a mid-sized supermarket and pharmacy, complemented by local eateries, clothing boutiques, and service providers including banks and repair shops. Occupancy stands at about 80-85 percent, reflecting steady demand in a market where larger regional malls like City Mall dominate destination shopping. Annual footfall estimates reach 250,000 visitors, primarily local residents, supported by its central location near major roads connecting to San Jose International Airport, just 5 kilometers away. Rent levels average $18-22 per square meter monthly, lower than premium centers, offering cost-effective entry for small to medium retailers. Leasing advantages include flexible terms with short notice periods and opportunities for pop-up spaces, but drawbacks involve limited marketing support and exposure to weather elements due to the open design. The plaza holds a niche position in Alajuelas growing retail landscape, where the province population exceeds 350,000 and retail sales grew 4 percent annually per recent CRE reports. Accessibility via public buses and ample on-site parking for 150 vehicles enhances convenience, though competition from nearby Plaza Real and e-commerce trends pose risks. Demographic profile features middle-income households earning $1,200-2,000 monthly, with a focus on families seeking quick, affordable shopping. Operational quality is functional but shows signs of aging infrastructure, with occasional maintenance delays noted in tenant feedback. Overall, it suits retailers targeting local loyalty over high-traffic volume, amidst a market with 92 percent urban retail occupancy but increasing saturation in convenience categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, AutoMercado, Cinema&quot;,&quot;distance&quot;:16.98,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, AutoMercado, Cinema&quot;}},{&quot;id&quot;:7434,&quot;slug&quot;:&quot;plaza-tempo&quot;,&quot;name&quot;:&quot;Plaza Tempo&quot;,&quot;lat&quot;:&quot;9.9399755&quot;,&quot;lng&quot;:&quot;-84.1454134&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Tempo is a mixed-use retail and office complex located in San Rafael de Escazu, Costa Rica, adjacent to PriceSmart and directly fronting the Prospero Fernandez highway, approximately 150 meters from Avenida Medica. Developed by Portafolio Inmobiliario, it emphasizes work-life balance for employees and visitors, featuring commercial spaces, offices, and extensive gastronomic offerings. The centerpiece is El Mestizo, Costa Ricas first gastronomic market, housing over 25 avant-garde dining options focused on cultural and sustainable culinary experiences, with 100 percent organic waste treatment. Tenant mix includes categories such as kiosks, hotels, commerce, restaurants, offices, and stores, supporting around 1,600 captive jobs from nearby offices. Amenities enhance accessibility with 1,000 indoor parking spaces, pet-friendly policies, four free EV charging stations, bicycle parking, free Wi-Fi, and outdoor seating areas. In the Escazu market, known for upscale demographics including high-income locals and expatriates, Plaza Tempo positions as a lifestyle hub rather than a traditional mall, benefiting from proximity to medical facilities and major highways connecting to San Jose. Regional retail reports indicate Escazu properties maintain occupancy rates above 90 percent in 2025, driven by population growth and tourism recovery, though specific metrics for Plaza Tempo are not publicly detailed. Advantages include sustainability credentials, earning the Ecological Blue Flag with three white stars, and strong F\u0026B focus appealing to younger professionals. Potential drawbacks involve competition from larger anchors like Multiplaza Escazu, which draws broader footfall, and reliance on highway traffic that may face congestion during peak hours. Overall, it suits niche retailers in food, services, and lifestyle categories seeking integrated office-retail synergy in a growing suburban market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;El Mestizo, PriceSmart (adjacent)&quot;,&quot;distance&quot;:27.71,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;El Mestizo, PriceSmart (adjacent)&quot;}},{&quot;id&quot;:7440,&quot;slug&quot;:&quot;plaza-del-recuerdo&quot;,&quot;name&quot;:&quot;Plaza Del Recuerdo&quot;,&quot;lat&quot;:&quot;9.9341&quot;,&quot;lng&quot;:&quot;-84.0512&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Plaza del Recuerdo is a mid-sized neighborhood shopping center in central San José, Costa Rica, catering to local residents since its opening in the late 1990s. Covering about 15,000 square meters of gross leasable area, it hosts around 60 tenants, including a major supermarket anchor, pharmacies, clothing outlets, and quick-service eateries. The tenant mix balances convenience retail (45%), fashion and accessories (25%), services (20%), and food and beverage (10%), appealing to everyday shopping needs. Current occupancy hovers at 88%, aligning with the San José metropolitan average of 82-95% as per 2024 retail reports, indicating stable demand amid economic recovery. Rent levels range from $20 to $30 per square meter monthly, positioning it as affordable for small-to-medium retailers compared to premium malls like Multiplaza at $35+. Daily footfall estimates 6,000-8,000 visitors, driven by proximity to high-density residential zones and major bus lines along Avenida Central. The demographic profile features middle-income households (average $1,100 monthly income) aged 25-55, with a focus on families in the 200,000-person catchment area. Accessibility is strong via public transport, though vehicle access faces congestion; on-site parking accommodates 250 cars. Operational quality is adequate but reports note occasional maintenance issues in common areas. Market factors include robust local economy growth at 4.5% GDP, yet challenges from e-commerce rise and competition from 20+ nearby centers contribute to category saturation in apparel. Leasing advantages lie in lower entry barriers and loyal neighborhood traffic, supporting consistent sales volumes of $150-200 per sqm annually.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;San José&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinema&quot;,&quot;distance&quot;:36.79,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinema&quot;}},{&quot;id&quot;:8185,&quot;slug&quot;:&quot;plaza-central-heredia&quot;,&quot;name&quot;:&quot;Plaza Central Heredia&quot;,&quot;lat&quot;:&quot;9.9981413&quot;,&quot;lng&quot;:&quot;-84.1197643&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Central Heredia serves as a neighborhood shopping center in Heredia, Costa Rica, within the Central Valley metropolitan area, near Route 3 for bus access and short drives from San Jose suburbs. Covering 20,000 sqm across two levels with 60 stores, its tenant mix emphasizes convenience: 50% essential services like groceries and banking, 30% food and beverage including McDonalds and sushi options, and 20% leisure and specialty retail such as electronics. Anchors provide stability in a diverse setup. Occupancy is 82%, slightly below the 85% provincial average, with vacancies noted in fashion amid stable demand. Footfall averages 1,000-1,500 daily visitors, or 1.2 million annually, driven by local traffic and 45-minute dwell times. Rents range $8-12 per sqm monthly on triple net terms, with 20% escalations, offering value for mid-tier tenants. Heredias 120,000 residents form a young, middle-class demographic (average age 32, household income $1,200/month), boosted by universities, supporting spending on essentials ($1,200/year groceries) and dining ($250/year). As a secondary asset in a 2.5% growing retail market, it positions well for daily needs but faces saturation. Leasing advantages include affordable rates, 500 parking spaces, and event marketing, ideal for family-oriented retailers, though e-commerce (20% penetration) poses risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Heredia&quot;},&quot;anchor_tenants&quot;:&quot;Farmacia, Veterinario, Por Media Calle Restaurants&quot;,&quot;distance&quot;:26.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;3000&quot;,&quot;anchor_tenants&quot;:&quot;Farmacia, Veterinario, Por Media Calle Restaurants&quot;}},{&quot;id&quot;:8534,&quot;slug&quot;:&quot;mall-internacional&quot;,&quot;name&quot;:&quot;Mall Internacional&quot;,&quot;lat&quot;:&quot;10.0068378&quot;,&quot;lng&quot;:&quot;-84.2123648&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mall Internacional is a mid-sized shopping center in Alajuela, Costa Rica, situated on Radial Francisco J. Orlich, approximately 5 km from Juan Santamaria International Airport. Opened prior to 2012, it spans about 20,000-30,000 square meters of gross leasable area, featuring a mix of local and select international retailers, food and beverage outlets, and services. The tenant composition includes value-oriented apparel stores, electronics shops, supermarkets, and casual dining options, with anchors like a local grocery chain and cinema that historically drew families. Occupancy rates stand at 80-85 percent as of recent market assessments, below the provincial average of 92 percent due to competition from nearby City Mall. Footfall averages 2,000-4,000 daily visitors, peaking on weekends with local residents, supported by 500 parking spaces and proximity to major highways. Rents range from $15-25 per square meter monthly, competitive for secondary spaces in a market where prime locations command $25-35. Accessibility is strong via Route 1, but traffic congestion during peak hours can deter impulse visits. The surrounding demographic profile includes 300,000 residents within a 5 km radius, with middle-income households averaging $1,200 monthly, median age of 32, and a mix of young professionals, industrial workers from nearby zones, and airport-related staff. Market position is as a community-oriented venue in a saturated retail landscape with 3 malls per 100,000 people, emphasizing affordable essentials over luxury. Leasing advantages include flexible terms for smaller tenants (50-200 sqm), lower entry costs compared to dominant centers, and potential for events to boost dwell time. However, challenges encompass aging infrastructure requiring ongoing maintenance, category saturation in apparel, and e-commerce pressures reducing physical sales by 20-30 percent in similar venues. Operational quality is adequate with 24/7 security, but lacks the modern amenities of newer competitors, impacting long-term viability. Regional retail growth is projected at 3-4 percent annually through 2030, driven by population increases, yet economic volatility tied to tourism and exports poses risks to performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Alajuela&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Cinema, Supermarket&quot;,&quot;distance&quot;:17.45,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Cinema, Supermarket&quot;}},{&quot;id&quot;:8341,&quot;slug&quot;:&quot;plaza-el-roble&quot;,&quot;name&quot;:&quot;Plaza El Roble&quot;,&quot;lat&quot;:&quot;9.9341472&quot;,&quot;lng&quot;:&quot;-84.1355391&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza El Roble in Escazú, Costa Rica, forms part of the Plaza Roble mixed-use complex, centering on the Multiplaza Escazú shopping center. Covering 90,000 square meters of gross leasable area across three levels, it hosts over 200 stores with a diverse tenant mix: international luxury brands like Louis Vuitton, Gucci, and Zara; mid-tier options such as H\u0026M; anchors including Walmart and Siman; varied dining from casual to upscale; a Cinemark multiplex cinema; and essentials like supermarkets and pharmacies. As a leading upscale retail venue in the Greater San José area, it records 12-14 million annual visitors and sustains occupancy above 95%. The catchment area encompasses 150,000 residents with 1.1% yearly growth, targeting upper-middle to high-income households averaging over $6,000 monthly, including 30-35% expatriates. Accessibility via Autopista Próspero Fernández is strong, though peak traffic congestion affects flow. Leasing advantages feature $45-60 per square meter monthly rents, 3-5 year terms with renewals, high visibility in a low-vacancy market, modern energy-efficient facilities, and 24/7 security. Tenant mix diversity drives cross-traffic, but challenges include e-commerce eroding 5-7% of sales annually, saturation in fashion and dining, seasonal rainy dips in footfall, and elevated utility costs due to climate variability.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Escazú&quot;},&quot;anchor_tenants&quot;:&quot;Walmart, Siman, H\u0026M, Zara, Cinemark&quot;,&quot;distance&quot;:28.96,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;90000&quot;,&quot;anchor_tenants&quot;:&quot;Walmart, Siman, H\u0026M, Zara, Cinemark&quot;}}]}" data-map-update-url-value="/malls/plaza-de-la-artesania" id="mall-map-wrapper"><div data-city="Sarchí" data-current-mall="true" data-id="plaza-de-la-artesania" data-lat="10.0898" data-lng="-84.3476" data-map-target="mall" data-name="Plaza De La Artesanía" 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 radius</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">50 km radius</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">50,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.5</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">9,733 USD per year</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">11.2</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">85 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">1,200 USD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">199 USD per person</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">2,500 USD per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">200 USD per person</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">500,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">45 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">15.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">1,500 USD 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">80 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">Low</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">Medium</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">8,000 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">1 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">10 USD 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">Direct</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Good</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">200 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High</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">Medium</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">Low %</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">85.0</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</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Basic</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">Frequent</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">Low %</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Low</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">Medium</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">nan</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>