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Brand Fit Snapshot

Best for:

International ChainsMid-Market FashionCinema & LeisureHome & LifestyleDepartment Store Anchors

Not ideal if:

Ultra-Luxury Positioning

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28 Mall is a centrally located shopping and entertainment destination in Baku, Azerbaijan, offering a diverse tenant mix over multiple levels.

The mall spans approximately 25,000 square meters of gross leasable area and attracts strong footfall due to its proximity to the metro and dense residential neighborhoods. Its modern design, convenient access, and combination of international and local brands make it a highly attractive site for retailers targeting middle- to upper-income customers in Baku.

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Hours of Operation

Hours

Checking...
Monday10:00 AM — 10:00 PM
Tuesday10:00 AM — 10:00 PM
Wednesday10:00 AM — 10:00 PM
Thursday10:00 AM — 10:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

4 1014 15a Azadlıq Prospekti, Baku, Azerbaijan

Insights

Prime Location

Situated in the heart of Baku near the 28 May metro station, the mall benefits from excellent public transport connections and high pedestrian traffic from surrounding offices and residential blocks.

Balanced Tenant Mix

A mix of international fashion, electronics, cosmetics, and dining options caters to a wide range of consumer needs and supports cross-shopping opportunities for tenants.

Strong Catchment Area

The mall draws shoppers from both the immediate city center and surrounding districts, providing exposure to a dense, diverse population with disposable income, which supports sustained sales performance.

Building Details

Property Type
Regional
Gross Leasable Area
50,000
Year Built
2012
Parking Spaces
1000
Average Monthly Footfall
250,000
Owner
Pasha Holding LLC
Anchor Tenants
Cinema Plus, Music Gallery, Sel Home, Zara, Mango

Detailed Market Analytics

Primary Catchment Area
5 Kilometers
Secondary Catchment Area
15 Kilometers
Catchment area population
500,000 People
Population growth rate
1.2 %
Median age
32 Years
Household size
3.8 People
Education level (tertiary)
35.0 %

Median household income
12,000 USD
Unemployment rate
5.5 %
Cost of living index
60 Index

Retail spending per capita
2,500 USD
Spending on apparel
600 USD
Spending on groceries
1,200 USD
Spending on electronics
400 USD

Annual foot traffic
3,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
4,000 USD

Number of retail stores
50 Stores
Anchor tenant presence
Yes Binary
Competitor density (same category)
3 Stores per category
Tenant diversity
70.0 %
Unique Concepts
15 Stores

Number of Levels
3 Levels
Average rent per square meter
50 USD
Vacancy rate
8.0 %
Lease term flexibility
Medium Category
Available retail space
4,000 Square Meters
Gross Leasable Area
50,000 Square meters

Proximity to main roads
0.5 Kilometers
Public transport access
Yes Binary
Parking spaces
1,000 Spaces
Pedestrian traffic
High Category

E-commerce competition
Moderate Category
Click-and-collect adoption
20.0 %
Internet penetration
85.0 %

Retail crime rate
Low Category
Security measures
High Category

Promotional events
50 Events per year
Loyalty program penetration
30.0 %
Digital signage presence
Yes Binary

Projected foot traffic growth
3.0 %
New tenant pipeline
10 Stores
Mall expansion plans
No Binary
City Snapshot
Baku

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Baku

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