Plaza Garabito Photo Gallery

The primary catchment area within 10 km includes 25,000 residents with 2.5% annual growth, average age 31, and 3.1 persons per household. Visitor profile is 60% international tourists and expats from US and Europe, alongside local middle-class, skewing ages 25-55 with high disposable income for leisure. Annual spending averages 1,200 USD on groceries, 250 USD on apparel, 600 USD on health and beauty. Unemployment at 11.3% and cost of living index 55 support moderate purchasing power, though tourism dependency amplifies seasonal income fluctuations for retailers.

Medium competition level with 3 nearby centers per 10 km, including larger Jaco malls like Retail Center Jaco, eroding 15-20% of potential footfall via broader offerings. Online shopping and e-commerce penetration at 20% further challenge physical retail. Plaza Garabito differentiates through convenience proximity to Los Suenos Marina and beaches, attracting yacht owners and golfers, but market saturation in coastal areas contributes to average 12% vacancy per Q3 2025 Colliers data, necessitating strong anchor draw and events for traffic.

Terms offer 3-5 year durations with 5-7% annual escalations linked to CPI, providing predictability in inflationary environments. Percentage rent options based on sales thresholds enhance flexibility for variable tourism markets, while base rents at 25 USD per sqm monthly include common area maintenance of 4-6 USD. High rent sustainability supports stable cash flows, though off-peak vacancy spikes of 10-15% require contingency planning. Operational risks like humid climate maintenance are offset by active management and modern facilities rated medium quality.