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Buena Vista Shopping, located in the affluent Setor Bueno neighborhood of Goiânia, Goiás, Brazil, opened in 2003 and spans 8,000 square meters of gross leasable area across three floors. It features 65 stores, including 5 anchor and mega stores, 10 kiosks, and 7 fast-food outlets, creating a balanced tenant mix focused on fashion, services, and convenience. Key tenants include fashion brands like Le Lis Blanc, Dudalina, and Tufi Duek; a supermarket (Empório Mercadão); a gym (Academia Flex with 2,500 members); government services (Vapt Vupt for passports and state services); a beauty salon (Subeauty); a bank branch; and a lottery outlet.

The food court offers daily extended hours from 10 a.m. to 10 p.m., while stores operate Monday to Saturday from 9 a.m. to 9 p.m. Positioned near the upscale Parque Vaca Brava in a high-income residential area with strong commercial and hospitality presence, the mall benefits from proximity to major avenues for good accessibility via car and public transport. Average daily footfall stands at 10,000 visitors, supporting steady traffic in a market where Goiânia's retail sector sees growing demand amid Brazil's commercial real estate expansion projected at 6.55% CAGR through 2030.

Occupancy rates in similar neighborhood malls in Brazil hover around 95-98%, indicating stable leasing.

Leasing advantages include flexible spaces for small to medium retailers, pet-friendly policies attracting family shoppers, and a 70% female demographic skew favoring lifestyle and apparel categories. However, as a smaller, matured property, it faces risks from competition with larger regional malls like Flamboyant Shopping, potential infrastructure updates needed after 20 years, and market saturation in fashion segments.

Rent levels in Goiânia's neighborhood centers average BRL 80-120 per square meter monthly, influenced by location premiums in upscale areas but tempered by economic fluctuations in central Brazil.

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Hours of Operation

Hours

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Monday09:00 AM — 09:00 PM
Tuesday09:00 AM — 09:00 PM
Wednesday09:00 AM — 09:00 PM
Thursday09:00 AM — 09:00 PM
Friday09:00 AM — 09:00 PM
Saturday09:00 AM — 09:00 PM
Sunday11:00 AM — 10:00 PM
Holiday Hours

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

Av. T-4, 466, Goiânia, Brazil

Insights

Demographics and Footfall

Setor Bueno residents exhibit high purchasing power, with average household incomes exceeding national averages by 50%, drawn from professionals in services, finance, and agribusiness sectors prevalent in Goiânia. The area has a population density supporting consistent local traffic, with 70% female visitors indicating strong appeal for fashion, beauty, and wellness retail. Daily footfall of 10,000 reflects reliable neighborhood draw, bolstered by proximity to parks and offices, though seasonal dips occur during Goiânia's rainy season from October to March. This profile suits mid-tier brands targeting upscale locals but may limit broader mass-market appeal compared to city-center malls.

Competition and Market Position

Buena Vista operates as a neighborhood center in a competitive Goiânia landscape dominated by larger venues like Flamboyant (over 300 stores) and Passeio das Águas, which draw regional shoppers with extensive entertainment. Its smaller scale positions it for convenience-focused leasing, avoiding direct rivalry in big-box retail but risking tenant poaching by upscale competitors like JK Caiapós. Goiânia's retail market shows 92% average occupancy across centers, with vacancy risks rising in oversaturated categories like apparel amid e-commerce growth (15% annual increase in Brazil). Strengths include low competition for service-oriented spaces, but drawbacks involve potential sales leakage to online platforms and nearby strip centers.

Lease Terms and Operational Quality

Leasing terms feature base rents of BRL 80-120 per square meter monthly, plus 8-12% turnover fees common in Brazilian malls, with incentives like rent-free periods for new tenants in underutilized categories. Operational quality is solid with modern circulation in three floors, pet-friendly amenities, and extended food court hours enhancing dwell time. Accessibility via Av. T-4 supports 5,000+ daily vehicles, though parking (around 300 spots) may strain peaks. Challenges include aging infrastructure since 2003, requiring potential capex for updates, and moderate energy efficiency in Goiânia's hot climate. Overall, suitable for stable, low-risk leases but monitor economic volatility in central Brazil affecting consumer spending.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
8000
Year Built
2003
Parking Spaces
1000
Average Monthly Footfall
333,333
Owner
Buena Vista Shopping Condomínio
Anchor Tenants
Renner, Riachuelo, Lojas Americanas, Droga Raia

Detailed Market Analytics

Primary Catchment Area
Goiânia City
Secondary Catchment Area
Goiânia Metropolitan Region
Catchment area population
1,536,097 People
Population growth rate
1.6 %
Median age
34 Years
Household size
3.1 Persons per household
Education level (tertiary)
25.0 %

Median household income
3,000 BRL per month
Unemployment rate
6.5 %
Cost of living index
55 Index (US=100)

Retail spending per capita
5,000 BRL per year
Spending on apparel
1,000 BRL per capita per year
Spending on groceries
2,000 BRL per capita per year
Spending on electronics
500 BRL per capita per year

Annual foot traffic
4,000,000 Visitors
Dwell time
120 Minutes
Conversion rate
30.0 %
Sales per square meter
10,000 BRL per year

Number of retail stores
70 Stores
Anchor tenant presence
Yes
Competitor density (same category)
Medium
Tenant diversity
High
Unique Concepts
Yes

Gross Leasable Area
8,000 sqm
Number of Levels
3 Levels
Average rent per square meter
150 BRL per month
Vacancy rate
5.0 %
Lease term flexibility
Standard 5 years
Available retail space
2,000 m²

Proximity to main roads
Direct access to Av. T-4
Public transport access
Good
Parking spaces
1,000 Spaces
Pedestrian traffic
High

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

Retail crime rate
Low
Security measures
CCTV and guards

Promotional events
Weekly
Loyalty program penetration
40.0 %
Digital signage presence
Yes

Projected foot traffic growth
5.0 %
New tenant pipeline
Ongoing
Mall expansion plans
None announced
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Goiânia, GO

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