Colombia: shopping malls GLA 2019, by format

In 2019, from a total of 7.21million square meters of gross leasable area (GLA) in shopping malls in Colombia, 5.06 million corresponded to malls. Meanwhile, around 1.82 million square meters corresponded to power centers.

Power center is a shopping center with typically 250 thousand to 600 thousand square feet (23 thousand to 56 thousand square meters) of gross leasable area that usually contains three or more big box retailers and other smaller retailers. A big box store is a physically large retail establishment, usually part of a chain of stores.