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Espark is a key retail destination in Eskişehir, Turkey, situated at İsmet İnönü Caddesi No: 100 in the Tepebaşı district. Established in 2007, the center spans 110,000 square meters of total closed area, including 44,000 square meters of gross leasable area (GLA) across four retail floors housing approximately 150 stores. The tenant mix emphasizes fashion, electronics, and entertainment, with international and local brands contributing to its appeal as a socialization hub.

Accessibility is strong, with proximity to the city center, tram stops, and Eskişehir railway station, plus 1,100 parking spaces accommodating vehicular traffic. In Eskişehir's retail landscape, featuring over five competing malls, Espark occupies a solid mid-market position, drawing from a 1.2 million-resident trade area characterized by a youthful demographic—900,000 city population with a median age of 30 and over 100,000 university students from Anadolu and Osmangazi institutions.

These factors drive demand for affordable mid-tier offerings, supporting average daily footfall of 33,875 visitors in 2024, or over 12 million annually. National trends indicate mall occupancies exceeding 95%, implying Espark's leasing stability amid Turkey's retail sector projected to grow 4% yearly toward a USD 868 billion market by 2033.

Leasing advantages include flexible structures with base rents and turnover components, aiding alignment with consumer trends. Drawbacks encompass market saturation leading to footfall competition, underrepresented food and beverage at 7% of GLA potentially shortening dwell times, services at 1% limiting utility, and challenges from inflation, e-commerce shifts, category overlaps, aging infrastructure post-17 years, and variable student spending.

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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.

21 Yılmaz Büyükerşen Bulvarı, Eskişehir, Türkiye

Insights

Demographics and Footfall

Eskişehir's 900,000 residents, median age around 30, and 100,000+ students from major universities fuel Espark's footfall, averaging 33,875 daily visitors in 2024 for over 12 million annually. This profile boosts demand for affordable fashion, tech, and entertainment, enhancing sales potential. However, reliance on student spending introduces volatility, with economic downturns or academic cycles risking reduced traffic and revenue stability for tenants.

Competition and Market Position

In Eskişehir's saturated market with peers like Özdilek AVM (70,000 sqm GLA) and Tilia City among 5+ centers, Espark's central location and diverse tenants provide a competitive edge, reinforced by awards for operational quality. Saturation distributes footfall, pressuring mid-tier brands via overlaps in fashion categories and e-commerce competition, while increasing tenant leverage in negotiations but challenging visibility and profitability.

Occupancy and Lease Terms

Espark benefits from national occupancy rates over 95% in 2024, reflecting steady demand in its 1.2 million trade area and supporting reliable leasing. Terms typically combine fixed base rents with turnover rents, offering flexibility for retailers amid 4% annual market growth. Risks include inflation-driven cost increases, potential infrastructure maintenance from 17-year aging, and the need for strategic positioning to counter weak categories like food (7% GLA) and services (1%).

Building Details

Property Type
Community
Gross Leasable Area
45,000
Year Built
2007
Parking Spaces
165
Average Monthly Footfall
416,667
Owner
ECE Türkiye
Anchor Tenants
Media Markt, Migros, Zara, Paribu Cineverse, LCW

Detailed Market Analytics

Primary Catchment Area
10 Kilometers
Secondary Catchment Area
25 Kilometers
Catchment area population
750,000 People
Population growth rate
1.5 %
Median age
32 Years
Household size
3.5 People
Education level (tertiary)
35.0 %

Median household income
12,000 USD
Unemployment rate
8.0 %
Cost of living index
65 Index

Retail spending per capita
2,500 USD
Spending on apparel
600 USD
Spending on groceries
1,200 USD
Spending on electronics
400 USD

Annual foot traffic
5,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
4,000 USD

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

Number of Levels
3 Levels
Average rent per square meter
30 USD
Vacancy rate
5.0 %
Lease term flexibility
Medium
Available retail space
2,250 Square Meters
Gross Leasable Area
45,000 Square meters

Proximity to main roads
0.5 Kilometers
Public transport access
Yes
Parking spaces
165 Spaces
Pedestrian traffic
High

E-commerce competition
Moderate
Click-and-collect adoption
40.0 %
Internet penetration
85.0 %

Retail crime rate
Low
Security measures
High

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

Projected foot traffic growth
3.0 %
New tenant pipeline
5 Stores
Mall expansion plans
No
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Eskişehir

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