globe retail outlook data


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The Venezuelan retail market is highly segmented; the quality of both the shopping centre design and tenant mix depend on location, the demographic environment and consumer demand. The most attractive locations for retailers and owners alike continue to be within the boundaries of Caracas. The city's sales volume is the highest in the country, not only as a result of its large population but also because it has the highest proportion of "high income" consumers. The retail market is very important as there is continued demand for space. Rental levels which did not materially decline after poltical changes continue to see steady growth.

Our Top Tip For
New Arrivals

Caracas must have one of the most dramatic settings of any city in the world - the Parque Nacional El Ávila looms directly over the city's northern edge, its green forested slopes are riddled with walking trails and home to a spectacular cable car ride, making a cool and breezy escape from the urban sprawl an easy reality.


Venezuelan Bolivar (VES)
EUR €0.01
USD $0.04
GBP £0.01


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International Dialing Code


Time Zone

GMT -4.5

Cost of a Pair of Jeans

500.00 VES

Cost of a Cup of Coffee

5.00 VES

Cities in Venezuela

Contact Us

N. Beatriz Yilo L.
Av. Francisco de Miranda, Edificio Parque Cristal, Torre Este, Piso 3, Oficina 3-11-B,
Caracas, Los Palos Grandes 1060, Venezuela
+58 212 285 47 49 ext 500 |