Plaza Tejar Photo Gallery

The 5 km catchment area around Plaza Tejar encompasses 50,000 residents experiencing 0.8% annual population growth, with an average age of 29.1 years, 3.1 persons per household, and 20% possessing higher education. Average household income stands at $28,080 yearly, accompanied by 7% unemployment and a cost-of-living index of 80 (US=100). Per capita spending averages $2,000 annually, including $800 on shopping and $300 on dining. This youthful, middle-income demographic sustains convenience retail but indicates demand for affordable trendy apparel, sustainable brands, and varied dining, which could affect category performance if unaddressed.

Plaza Tejar benefits from high residential proximity, reliable access routes, and 200 dedicated parking spaces, facilitating medium traffic intensity. Annual footfall reaches 500,000 visitors, or 16,666 monthly, supported by a 60-minute average dwell time and 20% sales conversion. Medium-density surroundings ensure consistent flow, though external factors like nearby competing centers and 30% e-commerce penetration may dilute peak periods. Operational security through CCTV surveillance and on-site guards maintains low incident levels, contributing to visitor retention in this local market context.

Standard leasing at Plaza Tejar involves $15 per square meter monthly rents with 3-5 year terms, accommodating diverse local tenants across 30 units averaging 500 square meters. Occupancy hovers at 95% with 5% vacancy, reflecting stability amid 3% projected growth. Intense competition arises from e-commerce and saturated local outlets, while the 2010 construction may necessitate infrastructure maintenance. Strengths include monthly promotional events with 20% participation and 90% online visibility; however, gaps in family facilities, international cuisine, and youth fashion options present risks to tenant mix viability and long-term occupancy in a convenience-focused setting.