Marketlyzer

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Gathering business intelligence data for your location

Data-Driven Market Intelligence

Best Business Location in Montevideo

Montevideo offers 1,947,000 metro customers, $20,700 average income, and very high commercial activity—ideal conditions for data-led site selection.

Premium business district with very high commercial activity and proven market demand

71 readiness score (B+)
1,947,000 metro residents
$20,700 average income
1,947K
Metro Population
$21K
Avg Income
Very High
Business Density
5
Major Industries

Montevideo Business Environment

Market Insights

  • Premium business district with very high commercial activity and proven market demand
  • Cost-effective commercial space at $28/sq ft
  • Located in Montevideo, Uruguay with UYU currency

Top Industries

Finance
Trade
Technology
Tourism
Agriculture

Montevideo Neighborhood Analysis

Discover the best neighborhoods for your business type in Montevideo

Montevideo features diverse neighborhood types: downtown core, business districts, residential areas, and emerging zones

Each district offers distinct advantages for foot traffic, rent costs, and customer demographics

Downtown/City Center

  • • Highest foot traffic density
  • • Premium rental costs
  • • Best for retail & restaurants
  • • Excellent public transport access

Business Districts

  • • High concentration of offices
  • • Ideal for B2B services
  • • Strong weekday traffic
  • • Growing food & beverage demand

Suburban Areas

  • • Lower rental costs
  • • Family-oriented demographics
  • • Ample parking availability
  • • Good for service businesses

Emerging Areas

  • • High growth potential
  • • Lower competition density
  • • Opportunity for early movers
  • • Rising property values

Montevideo Business Readiness Score

Data-driven viability assessment

B+
71
Overall Score
12
market size
8
income level
20
business activity
15
foot traffic
16
growth outlook

Industry Synergy Opportunities in Montevideo

Top industries creating demand for specific business types

Finance

High-income professionals support premium services and luxury retail

Best Business Types:

Restaurant Salon & Spa Retail Store

Technology

Tech workers value convenience, health, and quality dining near offices

Best Business Types:

Coffee Shop Restaurant Gym & Fitness

Tourism

Tourist traffic creates demand for dining, shopping, and hospitality

Best Business Types:

Restaurant Retail Store Hotel Services
Cost Analysis

Cost of Operations in Montevideo

Financial breakdown for a 1,500 sq ft location

Startup Investment

Basic Setup
3 months rent + basics
$176,000
Standard Buildout
6 months rent + furnishing
$352,000
Premium Finish
12 months rent + premium
$704,000

Monthly Operating

Rent (1,500 sqft) $42,000
Utilities & Services $4,200
Labor (2 employees) $1,656
Total Monthly
Break-even target
$47,856

Cost Insights

Affordable rent at $28/sqft enables competitive pricing strategies

Montevideo Market Entry Timing

Data-driven signals for optimal business launch timing

66 / 100
Good - Favorable Window

Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.

Entry Timing Factors

📈 High growth outlook - strong expansion timing
⚖️ Moderate competition - balanced market entry
🚶 Good foot traffic (76) - organic visibility

Business Performance in Montevideo

Market dynamics and success indicators

3.2x higher business density than national average

Average business survives 8.5 years in this market

Frequently Asked Questions about Business in Montevideo

What makes Montevideo attractive for new concepts?

3.2x higher business density than national average Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.

Where should I prioritize my first site?

Montevideo features diverse neighborhood types: downtown core, business districts, residential areas, and emerging zones

Which industries create the strongest spillover demand?

Finance drives demand for Restaurant, Salon & Spa, Retail Store, giving new entrants a built-in customer stream.

What operating costs should I plan for?

Expect about $42,000 in monthly rent with total operating costs near $47,856 for a 1,500 sq ft footprint.

Ready to Find Your Perfect Business Location in Montevideo?

Turn our 71 readiness score and timing signals into a shortlist of proven sites before competitors react.