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Brand Fit Snapshot

Best for:

Luxury Fashion HousesHigh-End Flagship StoresDesigner BoutiquesPremium Dining & LifestyleTourist & Duty-Free

Not ideal if:

Budget BrandsMass Market

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Beirut Souks is a landmark retail and cultural destination in the heart of Beirut, featuring a mix of luxury, mid-tier, and boutique stores, spread across indoor and open-air spaces. Designed by leading architects and rebuilt after the civil war, the Souks combine modern shopping with historic remnants of the old markets. With around 200 stores and a cinema complex, it draws both locals and tourists.

However, political instability, economic downturn, and security concerns in recent years have reduced footfall and impacted retailer turnover, which should be carefully considered by prospective tenants.

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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.

Beirut Souks, Beirut, Lebanon

Insights

Footfall & Market Conditions

The Souks’ footfall has declined significantly compared to its peak years, largely due to Lebanon’s ongoing economic crisis, currency depreciation, and reduced tourist inflow. Retailers report lower sales per square meter than before 2019, with some closures and increased vacancy rates visible in certain areas.

Tenant Mix & Positioning

The tenant mix remains skewed toward luxury and international brands, which may not match the current consumer purchasing power in Beirut. This can result in an aspirational image but limited conversion to sales, making it more suitable for brands with strong margins or seeking prestige presence rather than pure volume.

Operational Challenges

Retailers face high operational costs due to electricity shortages, inflation, and political uncertainty. Negotiating lease terms that reflect these risks is crucial, as asking rents often do not fully account for the current economic realities, and support from the landlord in marketing or utilities may be minimal.

Building Details

Property Type
Regional
Gross Leasable Area
54,000
Year Built
2009
Parking Spaces
2900
Average Monthly Footfall
333,333
Owner
Solidere
Anchor Tenants
Bottega Veneta, Louis Vuitton, Rodeo Drive, Magrabi Optical

Detailed Market Analytics

Primary Catchment Area
5 Kilometers
Secondary Catchment Area
15 Kilometers
Catchment area population
500,000 People
Population growth rate
0.5 %
Median age
32 Years
Household size
3.8 People
Education level (tertiary)
40.0 %

Median household income
18,000 USD
Unemployment rate
12.0 %
Cost of living index
85 Index

Retail spending per capita
3,500 USD
Spending on apparel
700 USD
Spending on groceries
1,200 USD
Spending on electronics
400 USD

Annual foot traffic
4,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
6,000 USD

Number of retail stores
300 Stores
Anchor tenant presence
Yes
Competitor density (same category)
10 Stores per km²
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
Moderate
Available retail space
4,320 Square Meters
Gross Leasable Area
54,000 Square meters

Proximity to main roads
0.5 Kilometers
Public transport access
High
Parking spaces
2,900 Spaces
Pedestrian traffic
High

E-commerce competition
High
Click-and-collect adoption
30.0 %
Internet penetration
85.0 %

Retail crime rate
2 Incidents per 1,000 visitors
Security measures
High

Promotional events
20 Events per year
Loyalty program penetration
35.0 %
Digital signage presence
Yes

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

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