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Aeroporto Shopping is a mid-sized retail destination in Salvador, Bahia, Brazil, featuring 28,000 square meters of gross leasable area across two levels and housing 120 stores. Established in 2010 by owner Grupo JCPM, the property maintains a strong 96% occupancy rate with 1,200 square meters currently available for lease. It draws approximately 6 million annual visitors, supported by its strategic location on Rodovia BA 526, which provides adjacent access to major roads and high public transportation connectivity, complemented by 1,500 parking spaces.

The tenant mix emphasizes anchors like Renner, C&A, Riachuelo, Lojas Americanas, and Paes Mendonça, fostering a diverse retail environment that includes fashion, general merchandise, a food court, and cinema facilities. Serving a primary catchment area of 1.2 million residents within 5 to 15 km, the demographics reflect a median age of 32, household size of 3.1, and median monthly income of 2,800 BRL, with 18% tertiary education attainment and 1.2% population growth.

Market position benefits from Salvador's tourism-driven economy, though regional unemployment at 9.5% and a cost of living index of 75 (relative to Sao Paulo at 100) influence consumer spending patterns. Leasing opportunities offer standard 5-year terms at average rents of 120 BRL per square meter monthly, with advantages in high tenant diversity and promotional events (15 per year), yet drawbacks include intense e-commerce competition amid 82% internet penetration and limited loyalty program adoption at 20%.

Operational metrics show 35% conversion rates, 120-minute dwell times, and annual sales of 8,500 BRL per square meter, positioning it as a viable option for retailers targeting middle-income families, while risks from medium-density competition and retail crime (2.5 incidents per 1,000 visitors) warrant consideration.

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Hours of Operation

Hours

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Monday09:00 AM — 10:00 PM
Tuesday09:00 AM — 10:00 PM
Wednesday09:00 AM — 10:00 PM
Thursday09:00 AM — 10:00 PM
Friday09:00 AM — 10:00 PM
Saturday09:00 AM — 10:00 PM
Sunday12:00 PM — 09:00 PM
Holiday Hours

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

Rodovia BA 526, 305, Salvador, Brazil

Insights

Demographics and Market Factors

The catchment area for Aeroporto Shopping encompasses 1.2 million people within 5 to 15 km radii, characterized by a median age of 32 years, average household size of 3.1 persons, and 18% of the population holding tertiary education. Median household income stands at 2,800 BRL per month, aligning with Salvador's diverse economy influenced by tourism, services, and manufacturing sectors. Annual population growth of 1.2% supports steady demand, but unemployment rate of 9.5% may limit discretionary retail spending. Cost of living index at 75 (Sao Paulo=100) renders the area relatively affordable, potentially boosting footfall from local middle-income families seeking value-oriented shopping. Visitor motivations include 40% for apparel and 35% for dining, with per capita retail spending at 4,500 BRL annually, distributed as 900 BRL on apparel, 1,350 BRL on groceries, and 450 BRL on electronics, highlighting opportunities in fashion and food but saturation in tech categories.

Competition and Risks

Salvador's retail landscape features medium-density competition from established centers like Shopping da Bahia and Shopping Barra, which boast higher footfall and premium positioning, potentially drawing traffic from Aeroporto Shopping's 6 million annual visitors. High e-commerce penetration with 82% internet access and 25% click-and-collect usage among consumers erodes physical store sales, evidenced by annual sales per square meter of 8,500 BRL. Key risks include economic pressures from 9.5% regional unemployment affecting spending power and retail crime incidents at 2.5 per 1,000 visitors, necessitating robust security like CCTV and guards. Despite these, the mall's 35% conversion rate and 120-minute average dwell time demonstrate resilient customer engagement, though limited expansion plans and aging infrastructure since 2010 could hinder long-term competitiveness against digitally integrated rivals.

Accessibility and Lease Terms

Aeroporto Shopping benefits from excellent accessibility, situated adjacent to Rodovia BA 526 for seamless road connections and offering high public transport integration, which contributes to its projected 4% annual footfall growth from 6 million visitors. With 1,500 parking spaces and pedestrian-friendly design, it accommodates diverse traffic, including families and tourists near Salvador's international airport. Operational quality is enhanced by anchor tenants driving traffic, digital signage, and 15 promotional events yearly, alongside a diverse tenant mix promoting 120-minute dwell times. Lease terms provide flexibility with standard 5-year durations and average rents of 120 BRL per square meter monthly, suitable for mid-tier retailers, though 4% vacancy indicates selective availability. Challenges include potential access issues during peak traffic and infrastructure needs post-2010 build, with minor upgrades planned; weak categories like electronics spending (450 BRL per capita) signal market saturation risks for certain tenants.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
36,547
Year Built
2010
Parking Spaces
1500
Average Monthly Footfall
500,000
Owner
Grupo JCPM
Anchor Tenants
Renner, C&A, Riachuelo, Lojas Americanas, Paes Mendonça

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
1,200,000 People
Population growth rate
1.2 %
Median age
32 Years
Household size
3.1 Persons
Education level (tertiary)
18.0 %

Median household income
2,800 BRL per month
Unemployment rate
9.5 %
Cost of living index
75 Index (Sao Paulo=100)

Retail spending per capita
4,500 BRL per year
Spending on apparel
900 BRL per year
Spending on groceries
1,350 BRL per year
Spending on electronics
450 BRL per year

Annual foot traffic
6,000,000 Visitors
Dwell time
120 Minutes
Conversion rate
35.0 %
Sales per square meter
8,500 BRL per year

Number of retail stores
120 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
Medium Density
Tenant diversity
High Diversity
Unique Concepts
Food court and cinema Concepts

Gross Leasable Area
36,547 sqm
Number of Levels
2 Levels
Average rent per square meter
120 BRL per month
Vacancy rate
4.0 %
Lease term flexibility
5 years standard Terms
Available retail space
1,200 sqm

Proximity to main roads
Adjacent Access
Public transport access
High Access
Parking spaces
1,500 Spaces
Pedestrian traffic
High Traffic

E-commerce competition
High Competition
Click-and-collect adoption
25.0 %
Internet penetration
82.0 %

Retail crime rate
2.5 Incidents per 1,000 visitors
Security measures
CCTV and guards Measures

Promotional events
15 Events per year
Loyalty program penetration
20.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
4.0 %
New tenant pipeline
10 Tenants
Mall expansion plans
Minor upgrades Plans
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Salvador, BA

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