March 19, 2012
Shopping Centers density in Puerto Rico
-- Despite of the island size Puerto Rico has been considered the retail mecca in the Caribbean. In 2011 the retail activity in Puerto Rico reached average sales in excess of $35 billion dollars. Shopping Centers in Puerto Rico played an important role with Plaza las Américas leading the competition with estimated sales of $1 billion dollars.
It is estimated that Puerto Rico has over 400 shopping centers. This estimate includes Super Regional, Regional, Community, Neighborhood and Outlet centers. Super Regional centers are those over 800,000 square feet with three or more anchor tenants. Regional centers are between 400,000 to 799,000 square feet with two or more anchor tenants. Community centers are those with 100,000 to 399,999 square feet with usually two types of anchors such as a discount department store or large specialty/discount apparel store. Neighborhood centers are those with 30,000 to 99,000 square feet. This type of center provides convenience goods and personal services to meet the daily needs of the immediate neighborhood. The last center is known as the Outlet center. This one is represented by manufacturer outlets with an estimated retail area between 50,000 and 400,000.
In Puerto Rico there are three Super Regional Shopping Centers. The largest is Plaza las Américas followed by Plaza Carolina and Mayaguez Mall. Although size matters, it is important to take into consideration the fact that one of the most important elements for a successful center is the tenant mix.
See the largest shopping centers chart and more information on http://www.csscaribbean.com