City Series: Mexico City Makes Major Moves in Retail0 Comment
Trying to soak up all of the culture, cuisine, and shopping that Mexico City has to offer will have you sleep deprived. It’s expected that shoppers will become captivated with the diversity its corridors has to offer and it wouldn’t be a shocker if you find yourself wondering aimlessly in shopping solitude.
- While luxury spending fluctuates throughout the world, shopper demand remains strong in La Avenida Presidente Masaryk retail corridor. Long standing retailers like Gucci, Louis Vuitton, and Cartier have seen continued success on the prestigious street, alongside local brands.
- When in Roma, do as the Romas do. The Roma corridor is drawing local culinary talent back to Mexico City. Although in transition, it’s making its way from hipster neighborhood to shopping hot spot. One of the older neighborhoods in the city, it had been in disrepair until the past few years. Renovation and redevelopment have brought the corridor back to life, now serving as the home of local designer boutiques alongside independent restaurants.
Like a fine wine, everything retail in Mexico City is improving with time. Becoming a go-to destination for vacationers over time, Mexico City has consistently offered vibrant and eclectic retail options. While visiting, don’t get caught up in the hustle and bustle of the city, but rather enjoy the best of both retail worlds – prominent sought after brands as well as raw local talent.
Don’t forget to download our National City Retail report to learn all about retail corridors and view average asking prime retail rents, annual rent growth rates and average cap rate ranges.