In the region, Mexico has the highest number of shopping malls and Mexico City alone held over 7.2 million square meters of shopping center retail estate in 2022. However, Chile had the highest shopping center density, beating Mexico with its seven registered malls per one million population.
When it comes to Colombia, the Unicentro shopping mall in Bogotá registered the highest revenue in 2022. In terms of footfall, however, it was Plaza Imperial that recorded the highest visitor numbers in the capital that year.
Leading shopping centers
Contrary to what might be expected, Latin America’s largest mall is not located in the region’s major economies, but the isthmus land of Panama. Albrook Mall, in Panama City, had over 300 thousand square meters of gross leasable area (GLA), followed by Leste Aricanduva, in São Paulo Brazil, with nearly 250 thousand square meters of GLA.When it comes to Colombia, the Unicentro shopping mall in Bogotá registered the highest revenue in 2022. In terms of footfall, however, it was Plaza Imperial that recorded the highest visitor numbers in the capital that year.
