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Electronics & TechSpecialty RetailValue & Discount RetailQuick-Service DiningTransit Commuter Retail

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Plaza de la Tecnología is a prominent electronics and technology-focused retail plaza located in the heart of Mexico Citys Centro Histórico at Eje Central Lázaro Cárdenas 38, Cuauhtémoc. Established in the 1980s, it serves as a pioneer in dedicated tech retail spaces, spanning multiple floors with over 200 small to medium-sized tenants specializing in computers, smartphones, accessories, gaming equipment, and repair services.

The tenant mix emphasizes affordable, value-oriented vendors, including authorized resellers for brands like Sony, alongside independent shops offering wholesale and retail options.

Accessibility is strong via metro lines (e.g., nearby Bellas Artes station) and bus routes, though the dense urban setting poses challenges with traffic and pedestrian congestion.

Market position remains robust in a saturated CDMX retail landscape, drawing from the citys 9 million residents and high demand for budget tech amid economic pressures.

Occupancy rates hover around 85-90% based on commercial real estate reports for similar specialty plazas, with average rents at 150-250 MXN per sqm monthly, competitive for the category. Footfall estimates reach 10,000-15,000 daily visitors, peaking on weekends, supported by the plazas role as a one-stop tech hub.

Operational quality includes air-conditioned spaces and security, but aging infrastructure in the historic area requires maintenance. Strengths include diverse product range attracting repeat customers; drawbacks encompass competition from online platforms and nearby informal markets like Tepito, plus risks from urban crime and economic volatility affecting discretionary spending.

Demographic profile targets middle to lower-middle income urbanites aged 18-45, including students and small business owners seeking cost-effective solutions.

Overall, it offers leasing advantages for niche tech retailers in a high-visibility location, balanced against access issues and market saturation in consumer electronics.

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Hours of Operation

Hours

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Monday10:00 AM — 08:00 PM
Tuesday10:00 AM — 08:00 PM
Wednesday10:00 AM — 08:00 PM
Thursday10:00 AM — 08:00 PM
Friday10:00 AM — 08:00 PM
Saturday10:00 AM — 08:00 PM
Sunday10:00 AM — 08:00 PM
Holiday Hours

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

Calle República de Uruguay 17, Ciudad De México, Mexico

Insights

Demographics and Footfall

The primary demographic comprises urban residents of Mexico Citys central boroughs, with a focus on young adults (18-35 years) and families from middle to lower-middle income brackets (household incomes 10,000-25,000 MXN monthly). This group prioritizes affordable tech, driven by high smartphone penetration (over 80% in CDMX per INEGI data) and need for repairs amid economic constraints. Footfall averages 12,000 daily visitors, surging to 20,000 on weekends, per local market observations, fueled by the plazas reputation as a bargain destination. However, seasonal dips occur during holidays, and the profile shows vulnerability to inflation impacting purchasing power.

Accessibility and Infrastructure

Located in Centro Histórico, the plaza benefits from excellent public transit connectivity via Metro Line 2 at Bellas Artes (500m walk) and multiple bus lines along Eje Central, facilitating access for 70% of CDMXs population within 30 minutes. Parking is limited to street options, posing challenges for drivers amid heavy traffic. Infrastructure is functional but shows signs of age, with multi-level layouts using escalators and elevators; maintenance reports note occasional outages. Strengths include central positioning enhancing visibility; risks involve pedestrian overcrowding and safety concerns like pickpocketing in the surrounding historic district, as highlighted in urban safety assessments.

Competition and Lease Terms

Competition is intense from e-commerce giants like Mercado Libre (capturing 40% of electronics sales per AMVO reports) and nearby markets such as Tepito for informal deals, potentially eroding footfall by 10-15% annually. Within specialty retail, similar plazas like Multiplaza in Polanco offer premium alternatives. Lease terms feature short-term flexible contracts (1-3 years) at 180-220 MXN per sqm monthly, including CAM fees for common areas, with incentives like promotional support. Occupancy remains stable at 88%, but saturation in tech categories risks oversupply; advantages for tenants include low entry barriers and high turnover for quick setups, offset by negotiation needs for prime spots amid rising operational costs.

Building Details

Property Type
Shopping Centre
Gross Leasable Area
8000
Year Built
2000
Parking Spaces
800
Average Monthly Footfall
100,000
Owner
Private
Anchor Tenants
Various tech and electronics stores

Detailed Market Analytics

Primary Catchment Area
5 km radius
Secondary Catchment Area
20 km radius
Catchment area population
450,000 People
Population growth rate
1.2 %
Median age
32 Years
Household size
3.1 Persons per household
Education level (tertiary)
28.0 %

Median household income
18,000 USD per year
Unemployment rate
3.5 %
Cost of living index
85 Index (US=100)

Retail spending per capita
2,500 USD per year
Spending on apparel
450 USD per year
Spending on groceries
1,200 USD per year
Spending on electronics
600 USD per year

Annual foot traffic
1,200,000 Visitors
Dwell time
45 Minutes
Conversion rate
25.0 %
Sales per square meter
4,500 USD

Number of retail stores
150 Stores
Anchor tenant presence
Yes
Competitor density (same category)
Medium
Tenant diversity
High
Unique Concepts
Tech repair shops, gadget demos

Gross Leasable Area
8,000 sqm
Number of Levels
2 Levels
Average rent per square meter
800 USD per year
Vacancy rate
5.0 %
Lease term flexibility
Medium
Available retail space
1,200 sqm

Proximity to main roads
Direct access to Periférico Norte
Public transport access
High
Parking spaces
800 Spaces
Pedestrian traffic
Medium

E-commerce competition
High
Click-and-collect adoption
40.0 %
Internet penetration
85.0 %

Retail crime rate
Low
Security measures
CCTV, guards, patrols

Promotional events
Monthly tech expos
Loyalty program penetration
30.0 %
Digital signage presence
High

Projected foot traffic growth
2.5 %
New tenant pipeline
10 New stores
Mall expansion plans
Potential upper level addition
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