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Barra Shopping Salvador, opened in 1987 and owned by JHSF, features 50,000 square meters of gross leasable area across four floors with 315 stores in the upscale Barra neighborhood of Salvador, Brazil. It maintains a 95% occupancy rate, consistent with Brazilian mall averages per ABRASCE reports, and attracts approximately 18 million annual visitors, or 50,000 daily, bolstered by 40% tourist traffic during peak seasons.

The tenant mix allocates 45% to fashion, including anchors like Renner, Zara, C&A, and Riachuelo; 20% to food and beverage with a gourmet area; and 15% to services, alongside electronics and home goods from Magazine Luiza and Tok&Stok.

Accessibility is enhanced by 3,000 parking spaces, proximity to beaches, public transport, and highways, though traffic congestion in the tourist-heavy area presents challenges. The catchment area serves middle-to-upper class residents of Barra, where average monthly household incomes exceed R$5,000, surpassing the citys R$2,500 average per IBGE data, within a metro population of 2.9 million. In Salvadors competitive retail landscape with 12 malls, it holds a 15-20% market share as a mid-tier premium destination, facing rivals like the larger Salvador Shopping.

Leasing advantages include stable base rents of R$150-200 per square meter monthly and percentage-based terms averaging 8-10% of sales, supporting retailers in fashion and lifestyle categories amid a projected 6% sales growth from tourism recovery. However, market saturation, e-commerce expansion, and the propertys 37-year age may necessitate infrastructure investments.

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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 — 08:00 PM
Holiday Hours

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

Av. Centenário, 2992, Salvador, Brazil

Insights

Demographics and Catchment Area

The primary catchment for Barra Shopping Salvador encompasses the affluent Barra neighborhood with approximately 50,000 residents boasting average monthly incomes over R$5,000, 20-30% above the national average, and a broader metro area of 2.9 million in Salvador. This demographic profile favors spending on apparel, dining, and lifestyle goods, contributing to consistent local traffic. Tourist influx, comprising 40% of visitors during December to March, enhances seasonal performance but introduces variability dependent on Bahias tourism recovery and external economic factors.

Competition and Market Risks

In Salvadors retail market, Barra Shopping competes with larger venues like Salvador Shopping (100,000 m² GLA, over 15 million visitors) and Shopping da Bahia, holding a 15-20% local share amid 12 malls serving 2.9 million people, indicating potential saturation. Additional risks include rising e-commerce penetration (15% annual growth in Brazil), economic slowdowns limiting disposable income (Bahia retail sales up 5% in 2024 vs national 7%), and access issues from peak-hour traffic. The 37-year-old infrastructure may require updates to maintain operational quality and attract premium tenants.

Lease Terms and Performance Metrics

Occupancy at 95% reflects low vacancy risk and supports stable leasing. Base rents range from R$150-200 per square meter monthly, with percentage rents at 8-10% of turnover, offering flexibility for performance-based adjustments. Annual footfall of 18 million drives sales, which grew 5% in 2024 with a 6% projection for 2025, though fast fashion category saturation could pressure margins. Operational strengths include modern amenities and strong parking (3,000 spaces), balanced against rising costs like 10% energy increases in 2025.

Building Details

Property Type
Shopping Centre
Gross Leasable Area
50,000
Year Built
1987
Parking Spaces
3000
Average Monthly Footfall
1,500,000
Owner
JHSF
Anchor Tenants
C&A, Lojas Americanas, Renner, Riachuelo, Zara, Tok&Stok, Centauro, Magazine Luiza

Detailed Market Analytics

Primary Catchment Area
500,000 People
Secondary Catchment Area
2,000,000 People
Catchment area population
2,500,000 People
Population growth rate
1.2 %
Median age
32 Years
Household size
3.1 Persons
Education level (tertiary)
25.0 %

Median household income
5,000 BRL/month
Unemployment rate
10.9 %
Cost of living index
55 Index (US=100)

Retail spending per capita
10,000 BRL/year
Spending on apparel
800 BRL/year
Spending on groceries
4,500 BRL/year
Spending on electronics
600 BRL/year

Annual foot traffic
18,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
144,000 BRL/year

Number of retail stores
315 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
12 Malls
Tenant diversity
High Level
Unique Concepts
Yes Presence

Gross Leasable Area
50,000 sqm
Number of Levels
4 Levels
Average rent per square meter
175 BRL/sqm/month
Vacancy rate
5.0 %
Lease term flexibility
High Level
Available retail space
2,500 sqm

Proximity to main roads
High Level
Public transport access
Good Level
Parking spaces
3,000 Spaces
Pedestrian traffic
Moderate Level

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

Retail crime rate
Low Level
Security measures
Comprehensive Level

Promotional events
Frequent Frequency
Loyalty program penetration
40.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
5.0 %
New tenant pipeline
Moderate Level
Mall expansion plans
Potential Status
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Salvador, BA

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