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International ChainsNational ChainsMid-Market FashionSpecialty RetailPremium Dining & Lifestyle

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Ultra-Luxury PositioningBudget BrandsConvenience-Only Format

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City Star Mashhad is one of the largest and most well-known shopping centers in Mashhad, located in the city's bustling commercial district. The mall offers a wide range of retail options, including international brands, local shops, entertainment facilities, and dining options. It features a modern design with ample parking and public transportation access. With an approximate total area of 60,000 square meters, it attracts both local shoppers and tourists.

However, it is important to note that the foot traffic may vary depending on the time of year, especially during religious holidays when the city sees an influx of visitors. The retail environment is competitive, with many high-end and luxury brands competing for space. Retailers may find it challenging to stand out unless they offer a unique value proposition.

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Hours of Operation

Hours

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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.

Sepad Tourism Area, Mashhad, Iran

Insights

Tenant Mix

The mall boasts a diverse tenant mix, including international and local brands. However, competition among retailers in the mall is fierce, especially during peak shopping seasons. New entrants may need to offer something unique or competitive pricing to secure consumer attention.

Foot Traffic

Foot traffic is generally high, but it experiences fluctuations based on local holidays and special events. Retailers must consider the seasonal nature of traffic, especially around religious celebrations when the city sees significant surges in visitors.

Lease Terms

The mall typically offers long-term lease agreements, with rent prices higher than average for Mashhad. However, given the prime location and the visibility the mall offers, it could be a good opportunity for brands seeking exposure in a competitive market.

Building Details

Property Type
Regional
Gross Leasable Area
49,500
Year Built
2022
Parking Spaces
310
Average Monthly Footfall
666,667
Owner
City Star Civil Development
Anchor Tenants
Parfois, Debenhams, Jennyfer, Punt Roma, Croco er, Punt Roma, Croco

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
1,200,000 People
Population growth rate
1.5 %
Median age
28 Years
Household size
4.2 People
Education level (tertiary)
35.0 %

Median household income
6,500 USD
Unemployment rate
12.0 %
Cost of living index
65 Index

Retail spending per capita
1,800 USD
Spending on apparel
350 USD
Spending on groceries
600 USD
Spending on electronics
250 USD

Annual foot traffic
8,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
3,500 USD

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

Number of Levels
12 Levels
Average rent per square meter
25 USD
Vacancy rate
8.0 %
Lease term flexibility
Moderate
Available retail space
3,960 Square Meters
Gross Leasable Area
49,500 Square meters

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

E-commerce competition
Moderate
Click-and-collect adoption
20.0 %
Internet penetration
85.0 %

Retail crime rate
Low
Security measures
High

Promotional events
12 Events
Loyalty program penetration
30.0 %
Digital signage presence
Yes

Projected foot traffic growth
3.0 %
New tenant pipeline
5 Tenants
Mall expansion plans
No
City Snapshot
Mashhad

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Top retail destinations across Iran.

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City Snapshot
Mashhad

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