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Atrium Center, situated at 1191 Corniche El Nil in Cairo, Egypt, is an established retail property built in 1993 with a gross leasable area of 25,000 sqm across 3 levels. It hosts 60 retail stores with an 8% vacancy rate and 1,200 sqm of available space. Average rent stands at 20 USD per sqm per month, reflecting mid-tier positioning in Cairo's competitive retail market. Anchor tenants include Conrad Hotel Shops and luxury boutiques, under Hilton Worldwide ownership, contributing to medium tenant diversity with 5 unique stores focused on fashion, dining, and home decor.

Annual footfall totals 2,500,000 visitors, driven by 40% shopping, 35% dining, and 25% home decor interests, with a 90-minute dwell time, 25% conversion rate, and 4,500 USD sales per sqm. Projected footfall growth is 5% yearly. The primary catchment area covers 750,000 residents within 5 km, featuring a median age of 28, 3.5-person households, 25% tertiary education, and 8,500 USD median income; retail spending per capita is 900 USD annually.

Accessibility is strong with direct main road access, high public transport and pedestrian traffic, and 800 parking spaces.

Market position as a Nile-side destination attracts locals and tourists, supported by 12 promotional events yearly, digital signage, and 30% click-and-collect adoption amid 72% internet penetration.

Leasing advantages encompass medium lease term flexibility, anchor presence boosting traffic, and security via CCTV and guards (2.5% crime rate). Drawbacks include high e-commerce and competitor density, no expansion plans, and shopper-noted gaps in family amenities, international dining, and trendy sustainable fashion options, alongside potential economic pressures from 7.3% unemployment.

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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.

1191 Corniche El Nil, Cairo, Egypt

Insights

Demographics and Catchment

Primary catchment area spans 750,000 within 5 km radius, with 1.6% annual population growth; secondary reaches 20 km. Demographics show median age of 28 years, household size of 3.5, 25% tertiary education attainment, median income of 8,500 USD, and 7.3% unemployment. Retail spending averages 900 USD per capita yearly, including 150 USD on apparel, 250 USD on groceries, and 80 USD on electronics. Cost of living index is 35 relative to New York City's 100. This profile suits mid-tier retailers targeting young urban professionals and families, but economic volatility and moderate incomes may limit high-end discretionary purchases amid Cairo's broader market saturation.

Tenant Mix and Operations

Tenant mix features 60 stores with anchors like Conrad Hotel Shops and luxury boutiques, emphasizing medium diversity in fashion, dining (35% visitor interest), and home decor (25%). Operational quality includes CCTV and guards for 2.5% crime rate, digital signage, 12 annual events, and 15% loyalty program penetration. Strengths encompass 30% click-and-collect adoption and 72% internet access supporting omnichannel strategies. Weaknesses involve shopper demands for enhanced family zones, diverse international cuisine, and trendy streetwear or sustainable brands. Overall, supports stable operations but requires adaptation to evolving preferences in a high-traffic environment with 90-minute dwell times.

Competition and Risks

High competitor density in similar retail categories prevails, compounded by elevated e-commerce rivalry in Egypt's digital-savvy market. Vacancy at 8% and absence of expansion plans indicate potential saturation, with 10 new tenants in pipeline but limited growth prospects. Risks include aging infrastructure from 1993 construction, possible Nile-related access disruptions, and category weaknesses like insufficient children's amenities. Broader Cairo retail averages 92% occupancy per local reports, yet footfall growth of 5% offers opportunities; retailers face challenges from economic factors and 25% conversion rates needing optimization for sustained performance.

Building Details

Property Type
Retail
Gross Leasable Area
4000
Year Built
1993
Parking Spaces
800
Average Monthly Footfall
208,333
Owner
Hilton Worldwide
Anchor Tenants
Conrad Hotel Shops, Luxury Boutiques

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
20 km
Catchment area population
750,000 People
Population growth rate
1.6 %
Median age
28 Years
Household size
3.5 Persons
Education level (tertiary)
25.0 %

Median household income
8,500 USD
Unemployment rate
7.3 %
Cost of living index
35 Index (NYC=100)

Retail spending per capita
900 USD per year
Spending on apparel
150 USD per capita per year
Spending on groceries
250 USD per capita per year
Spending on electronics
80 USD per capita per year

Annual foot traffic
2,500,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
4,500 USD per year

Number of retail stores
60 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
High Density
Tenant diversity
Medium Diversity
Unique Concepts
5 Unique stores

Gross Leasable Area
4,000 sqm
Number of Levels
3 Levels
Average rent per square meter
20 USD per month
Vacancy rate
8.0 %
Lease term flexibility
Medium Flexibility
Available retail space
1,200 sqm

Proximity to main roads
Direct access Access
Public transport access
High Access
Parking spaces
800 Spaces
Pedestrian traffic
High Traffic

E-commerce competition
High Competition
Click-and-collect adoption
30.0 %
Internet penetration
72.0 %

Retail crime rate
2.5 %
Security measures
CCTV and guards Measures

Promotional events
12 Events per year
Loyalty program penetration
15.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
5.0 %
New tenant pipeline
10 Potential tenants
Mall expansion plans
None planned Plans
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Cairo

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