<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="9.9300404" data-lng="-84.1463537" data-map-catchment-data-value="{&quot;lat&quot;:&quot;9.9300404&quot;,&quot;lng&quot;:&quot;-84.1463537&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:62916}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;5 km&quot;,&quot;description&quot;:&quot;Radius covering core local customers in Escazú area&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;20 km&quot;,&quot;description&quot;:&quot;Extended radius including greater San José metropolitan area&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;62,916 People&quot;,&quot;description&quot;:&quot;Population of Escazú district, primary market base&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;0.8&quot;,&quot;description&quot;:&quot;Annual growth rate based on national Costa Rica trends&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;34 Years&quot;,&quot;description&quot;:&quot;Estimated median age in affluent Escazú area&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.1 Persons per household&quot;,&quot;description&quot;:&quot;Average household size in Costa Rica&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;40.0&quot;,&quot;description&quot;:&quot;Percentage of population with tertiary education, higher in Escazú&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;25,000 USD per year&quot;,&quot;description&quot;:&quot;Estimated for affluent Escazú residents&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;6.5&quot;,&quot;description&quot;:&quot;Lower than national average of 7.4% in Escazú&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;140 Index (US=100)&quot;,&quot;description&quot;:&quot;Higher cost in upscale Escazú area&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;2,500 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual retail expenditure per person in catchment&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;600 USD per capita per year&quot;,&quot;description&quot;:&quot;Portion of retail spend on clothing and fashion&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;1,200 USD per capita per year&quot;,&quot;description&quot;:&quot;Annual grocery expenditure per person&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;400 USD per capita per year&quot;,&quot;description&quot;:&quot;Annual electronics purchase per person&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 yearly visitors for small plaza&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;30 Minutes&quot;,&quot;description&quot;:&quot;Average time spent by visitors&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making a purchase&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;4,000 USD per year&quot;,&quot;description&quot;:&quot;Annual sales revenue per sqm of GLA&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;25 Stores&quot;,&quot;description&quot;:&quot;Approximate number of shops in the plaza&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Grocery store like Autoservicio Mayca as anchor&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Near major malls like Multiplaza&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Mix of retail, dining, and services&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;5 Unique stores&quot;,&quot;description&quot;:&quot;Specialty shops and restaurants&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;3,000 sqm&quot;,&quot;description&quot;:&quot;Estimated total leasable space&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;1 Levels&quot;,&quot;description&quot;:&quot;Single-level shopping plaza&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;20 USD per month&quot;,&quot;description&quot;:&quot;Prime location rent in Escazú&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Low vacancy in active plaza&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Standard terms with some negotiation&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;500 sqm&quot;,&quot;description&quot;:&quot;Estimated current availability&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 on Carretera John F. Kennedy&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good&quot;,&quot;description&quot;:&quot;Bus routes serving Escazú area&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;150 Spaces&quot;,&quot;description&quot;:&quot;On-site parking for shoppers&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Walkable neighborhood access&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Growing online retail in Costa Rica&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Estimated usage in local retail&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;90.0&quot;,&quot;description&quot;:&quot;High connectivity in urban Escazú&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Safe affluent area with minimal incidents&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV and guards&quot;,&quot;description&quot;:&quot;Standard security features&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Quarterly&quot;,&quot;description&quot;:&quot;Seasonal promotions and local events&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Limited loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Modern digital displays in plaza&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;3.0&quot;,&quot;description&quot;:&quot;Expected growth with economic recovery&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;2-3 Tenants&quot;,&quot;description&quot;:&quot;Potential new stores in development&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;nan&quot;,&quot;description&quot;:&quot;No major expansion announced&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&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;:1.61,&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;: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;:1.06,&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;: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;:1.0,&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;: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;:1.61,&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;: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;:1.0,&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;: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;:2.82,&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;: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;:1.35,&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;: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;:1.35,&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;: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;:1.61,&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;: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;:2.04,&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;: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;:1.53,&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;: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;:1.02,&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;: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;:1.35,&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;: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;:1.6,&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;: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;:1.87,&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;: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;:1.35,&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;: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;:1.61,&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;:1.27,&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;: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;:1.43,&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;: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;:2.06,&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;: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;:1.52,&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;: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;:2.06,&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;: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;:2.09,&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;: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;:1.47,&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;: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;:1.35,&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;: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;:1.35,&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;: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;:1.69,&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;: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;:1.35,&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;: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;:1.35,&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;: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;:0.91,&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;: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;:1.11,&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;: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;:1.27,&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;}}],&quot;secondary&quot;:[],&quot;outside&quot;:[{&quot;id&quot;:6364,&quot;slug&quot;:&quot;multiplaza-pacific&quot;,&quot;name&quot;:&quot;Multiplaza Pacific&quot;,&quot;lat&quot;:&quot;8.9853828&quot;,&quot;lng&quot;:&quot;-79.5110741&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;Riba Smith, Cinemark, Steve&#39;s, Gucci, Hermes, Dolce \u0026 Gabbana&quot;,&quot;distance&quot;:519.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;64800&quot;,&quot;anchor_tenants&quot;:&quot;Riba Smith, Cinemark, Steve&#39;s, Gucci, Hermes, Dolce \u0026 Gabbana&quot;}}]}" data-map-update-url-value="/malls/plaza-los-laureles" id="mall-map-wrapper"><div data-city="Escazú" data-current-mall="true" data-id="plaza-los-laureles" data-lat="9.9300404" data-lng="-84.1463537" data-map-target="mall" data-name="Plaza Los Laureles" 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">5 km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">20 km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">62,916 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">0.8</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">25,000 USD per year</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">6.5</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">140 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">2,500 USD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">600 USD per capita per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">1,200 USD per capita per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">400 USD per capita per year</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">30 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">4,000 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">25 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">High</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">3,000 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">20 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">150 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Medium</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">High</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">30.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">90.0</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">CCTV and guards</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">Quarterly</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">15.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes</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">3.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">2-3 Tenants</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>