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Artemis Farmanieh Complex Trade, located in Tehran, is a mixed-use commercial and retail property offering a modern shopping experience in the heart of the city.

The mall features a variety of retail spaces catering to both local and international brands, with a focus on premium retail offerings. The complex boasts high foot traffic due to its strategic location near residential areas and major road networks. However, despite its popularity, there are challenges related to parking availability, particularly during peak hours, which could deter some customers.

Additionally, while the complex offers a range of retail options, there is limited variety in terms of entertainment and dining choices, which may impact the overall shopping experience for certain demographics. The property is well-maintained, but tenant turnover has been observed in some retail sectors, which could raise concerns regarding the long-term stability of its retail offerings.

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Hours of Operation

Hours

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Monday10:00 AM — 09:00 PM
Tuesday10:00 AM — 09:00 PM
Wednesday10:00 AM — 09:00 PM
Thursday10:00 AM — 09:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday11:00 AM — 06:00 PM
Holiday Hours

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

RF37+F86 District 1, Tehran, Iran

Insights

Foot Traffic

The Artemis Farmanieh Complex benefits from a prime location, attracting a consistent flow of shoppers from nearby residential neighborhoods and business districts. However, during peak hours, the high foot traffic can lead to congestion, affecting the overall experience for visitors.

Parking Availability

While the complex offers parking, the availability of spaces during peak hours remains a challenge. This may discourage shoppers who prefer more convenient parking options, particularly families or older individuals who rely on easy access to retail spaces.

Tenant Stability

Tenant turnover has been noted in certain retail sectors within Artemis Farmanieh Complex, which could indicate some instability in long-term leasing. Retailers should consider whether the location aligns with their business goals before committing to long-term leases in this area.

Building Details

Property Type
Mixed-Use
Gross Leasable Area
50,000
Year Built
2016
Parking Spaces
440
Average Monthly Footfall
208,333
Anchor Tenants
Mix of Retail Brands and Stores

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
800,000 People
Population growth rate
1.2 %
Median age
32 Years
Household size
3.5 People
Education level (tertiary)
35.0 %

Median household income
6,000 USD/year
Unemployment rate
12.0 %
Cost of living index
70 Index

Retail spending per capita
1,200 USD/year
Spending on apparel
300 USD/year
Spending on groceries
500 USD/year
Spending on electronics
200 USD/year

Annual foot traffic
2,500,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
3,000 USD/year

Number of retail stores
145 Stores
Anchor tenant presence
Yes
Competitor density (same category)
3 Malls
Tenant diversity
70.0 %
Unique Concepts
10 Stores

Gross Leasable Area
50,000 Square meters
Number of Levels
4 Levels
Average rent per square meter
30 USD/month
Vacancy rate
8.0 %
Lease term flexibility
Moderate
Available retail space
4,000 Square meters

Proximity to main roads
0.5 km
Public transport access
Yes
Parking spaces
440 Spaces
Pedestrian traffic
High

E-commerce competition
Moderate
Click-and-collect adoption
20.0 %
Internet penetration
80.0 %

Retail crime rate
Low
Security measures
High

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

Projected foot traffic growth
3.0 %
New tenant pipeline
10 Stores
Mall expansion plans
No
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Tehran

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Tehran

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