The Mexican retail real estate market is projected to enter a significant expansion phase in 2026, marking a recovery from previous construction slowdowns. According to real estate consultancy Datoz, the sector is shifting toward mixed-use developments that integrate commercial spaces, housing, and offices to create more functional urban hubs.
This resurgence is concentrated in strategic regions, including Mexico City, Monterrey, and emerging economic centers such as Oaxaca. The trend is redefining shopping centers as drivers of social and economic activity, with a stronger emphasis on visitor experience and urban integration.
Key Mixed-Use Projects for 2026
Several large-scale projects are scheduled for construction or inauguration during the year, reflecting the ongoing evolution of the retail landscape.
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Espacio Condesa (Mexico City): Located in the Cuauhtemoc borough, this complex will feature 3,827 square meters of gross leasable area, integrating four levels of retail with an office tower and a residential tower.
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Reforma Colón (Mexico City): Developed by Fibra SOMA, this landmark project will move forward with its second phase, which includes a three-level commercial base and two towers dedicated to office and residential use.
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Altea Paseo Hidalgo (Monterrey): Covering 27,205 square meters, this development aligns with Monterrey’s vertical densification strategy by combining street-level retail with residential units on the upper floors.
Strategic Regional Expansion
Investment is also flowing toward high-growth tourism and residential zones.
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Parque Oaxaca (Oaxaca): Developed by Fibra Danhos, this project represents an investment of approximately 6 billion pesos. Spanning 40,000 square meters, it aims to become a key hub for commerce and entertainment in southeastern Mexico, with a strong focus on sustainability.
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Paseo Coapa (Mexico City): This 60,000-square-meter development in southern Mexico City emphasizes community-oriented, medium-scale retail following several years of planning.
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Paseo Xochimilco (Mexico City): Planned for the southern part of the capital, this center will offer 49,316 square meters of rentable area, anchored by department stores, entertainment venues, and restaurants.