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Brazilian Malls Are Reinventing Themselves as Service Hubs — From Coworking Spaces to Self Storage

  • No longer just destinations for shopping and entertainment, Brazil’s malls are evolving into multifunctional service centers.
  • Major operators are transforming underused areas into coworking spaces, healthcare units, self-storage facilities, and even passport offices, adapting to new consumer habits and diversifying revenue streams.

Marcelo Carvalho, Co-President of Ancar Ivanhoé Shopping Centers, which recently launched self-storage units within its malls.
Marcelo Carvalho, Co-President of Ancar Ivanhoé Shopping Centers, which recently launched self-storage units within its malls.
By: SiiLA News
05/20/2025

As consumer behavior evolves, Brazilian shopping malls are undergoing a major transformation. What were once traditional retail and entertainment spaces are now being reimagined as full-service hubs, offering everything from coworking and healthcare to fitness and government services.

One area undergoing rapid change is the parking garage. With fewer consumers relying on private cars—thanks to rising vehicle costs and the popularity of ride-hailing apps—mall parking lots have become underutilized. Ancar Ivanhoé, one of Brazil’s leading shopping center operators, recently repurposed part of a garage at Botafogo Praia Shopping in Rio de Janeiro to launch its first self-storage facility, Guardaê.

The goal is to provide accessible storage for both personal and commercial use. “This initiative was designed to expand our logistics services while adding value for tenants, customers, and the surrounding community,” the company said in a statement.

This move is part of a larger trend reshaping Brazil’s shopping center landscape: the shift toward mixed-use formats that combine retail with services and experiences. It’s a strategic response to the pressures of e-commerce, which has reduced foot traffic in traditional malls. To stay relevant, mall operators are rethinking their tenant mix and unlocking new sources of demand.


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Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.

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