Vivo Puerto Montt — Stores, Map & Hours

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Brand Fit Snapshot

Best for:

Department Store AnchorsNational ChainsCinema & LeisureMid-Market FashionFamily Entertainment

Not ideal if:

Ultra-Luxury PositioningBudget BrandsSmall Format Retail

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Mall Paseo Costanera Open Plaza Puerto Montt Centro Comercial Puerto Montt

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Vivo Puerto Montt, situated at Illapel 10 in Puerto Montt, Chile, is a 40,000 sqm regional mall built in 2001 by Cencosud Shopping. It hosts 120 stores across 2 levels, with anchors like Falabella, Paris, Ripley, Decathlon, and Cinemark, ensuring high tenant diversity and low category competition. Occupancy is robust at 95% (5% vacancy), with 2,000 sqm available and 10 new tenants incoming. Footfall averages 3,333 monthly (4M annually), growing 3% yearly, with 90-min dwell time and 30% conversion.

Rents at 10,000 CLP/sqm/month offer medium flexibility.

Accessibility features high road proximity, good transit, and 1,500 parking spots. Catchment: 250,000 pop in 50,000 sq km primary area; median age 36, income 550,000 CLP/hh/month, 8.5% unemployment. Visitors: 40% shop, 35% dine, 25% home decor. Sales: 3M CLP/sqm/year; per capita spend 1,500 USD/year. Strengths: low vacancy, strong access, anchors. Drawbacks: high e-com rivalry, medium pedestrian traffic.

Leasing suits retailers targeting families seeking fashion and dining variety amid moderate market saturation.

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Hours of Operation

Hours

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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

Holiday Hours

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

Illapel 10, Puerto Montt, Chile

Insights

Demographics and Catchment

Primary catchment: 50,000 sq km, 250,000 pop, median age 36, hh income 550k CLP/mo, 8.5% unemployment, 0.8% growth. Secondary: 200k sq km. Supports family retail; visitors 40% shopping, 35% dining, 25% home decor.

Evolving needs for diverse dining, trendy/sustainable fashion may pose adaptation risks for tenants, influencing performance in a stable but slow-growth demographic.

Competition and Market Position

Low competitor density bolsters position with strong anchors, but high e-commerce (85% internet penetration, 20% click-and-collect) pressures sales. Annual 3M CLP/sqm and per capita spend (1,500 USD/year: 300 apparel, 600 groceries, 150 electronics) indicate solid yet moderate saturation in Puerto Montt (cost of living index 65). Retailers benefit from in-mall experiences but face online shift risks.

Lease Terms and Operational Quality

Rents average 10,000 CLP/sqm/month with medium flexibility. Low 5% vacancy, low crime (CCTV/guards), 12 promotions/year, 40% loyalty, planned expansions support operations. Medium pedestrian traffic, 90-min dwell aid flow, but 2001 build suggests potential infrastructure maintenance needs. 1,500 parking, good transit enhance access; e-com and unemployment risks may affect stability.