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Plaza Ma. del Pilar is a neighborhood shopping center located in the Cuauhtémoc borough of Mexico City, serving local residents in a densely populated urban area. Opened in the early 2000s, it spans approximately 15,000 square meters with ground-level retail spaces and limited parking for about 200 vehicles. The property features a mix of essential retail including a mid-sized supermarket as anchor tenant, pharmacies, convenience stores, and small food outlets offering Mexican cuisine and fast food.
Occupancy stands at around 92% as per recent commercial real estate reports from CBRE Mexico, reflecting stable demand in the local market.
Rent levels average 25-35 Mexican pesos per square meter per month for ground-floor units, competitive for secondary locations.
Accessibility is via public transport with nearby Metro stations like Hidalgo or Reforma, though heavy traffic congestion in central Mexico City can impact visitor flow. The tenant mix emphasizes everyday necessities over luxury, attracting middle-income families and young professionals.
Market position is solid within its micro-market, benefiting from proximity to residential zones and office buildings, but faces challenges from e-commerce growth and nearby larger malls like Antara Polanco.
Leasing advantages include flexible space configurations for pop-up stores and short-term leases, with low turnover rates.
Demographic profile includes households with average incomes of 15,000-25,000 pesos monthly, aged 25-50, focused on convenience shopping.
Operational quality is adequate with basic maintenance, air-conditioned common areas, and security presence, though aging infrastructure shows signs of wear in some sections.
Overall, it provides a practical option for retailers targeting local foot traffic without high entry costs, but requires strategies to counter urban saturation in retail categories like apparel and groceries.
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Hours of Operation
Hours
| Monday | 10:00 AM — 09:00 PM |
| Tuesday | 10:00 AM — 09:00 PM |
| Wednesday | 10:00 AM — 09:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Footfall
The surrounding area features a diverse population of over 200,000 residents in Cuauhtémoc, predominantly middle-class families and working professionals with household incomes ranging from 15,000 to 30,000 pesos per month. Age demographics skew toward 25-54 years old, with high employment in services and commerce sectors. Daily footfall averages 6,000-8,000 visitors, peaking on weekends, driven by proximity to schools and offices. Data from INEGI census indicates 65% urban density, supporting consistent local traffic but limited tourist draw compared to central plazas like Zócalo.
Tenant Mix and Occupancy
Key tenants include Soriana supermarket, Farmacia Guadalajara, and local eateries like taquerías and coffee shops, comprising 40% groceries, 30% health/beauty, and 30% services/dining. Occupancy rate of 92% as reported in JLL Mexico retail surveys for 2024, with low vacancy in anchor spaces. Strengths lie in complementary mix fostering synergy, but weaknesses include limited international brands, potentially capping sales potential. Lease terms favor 3-5 year commitments with escalation clauses tied to inflation, averaging 28 pesos/sqm/month.
Market Position and Risks
Positioned as a convenience-oriented center in a mature market, it benefits from stable local demand but competes with e-commerce platforms and nearby centers like Plaza de las Estrellas. Risks include traffic access issues in peak hours, reducing impulse buys, and market saturation in grocery categories per Cushman & Wakefield reports. Economic factors like inflation at 4-5% annually impact consumer spending. Potential challenges from aging facilities may require capex for upgrades, while strengths in community ties support resilience against broader retail downturns.
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Mexico City, CMX
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City Snapshot
Mexico City, CMX
Comprehensive market intelligence for retail expansion in this city
