Hi Mart Suwon — Stores, Map & Hours

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Brand Fit Snapshot

Best for:

Electronics & TechHome & LifestyleSpecialty RetailNational Chains

Not ideal if:

Discount RetailValue PositioningBudget Brands

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Starfield Suwon Ak Plaza Gwanggyo Ak Plaza Suwon

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Hi Mart Suwon serves as a key branch of the Lotte Hi-Mart electronics retail chain in Suwon, Gyeonggi Province, South Korea, occupying a prominent standalone location in the Dong area with approximately 4,000 square meters of retail space. Established in the early 2000s and expanded in 2020 as a megastore format, it specializes in consumer electronics, home appliances, and IT products, drawing from Suwons role as a major commuter hub to Seoul with a population exceeding 1.2 million.

The propertys market position is solid within the specialty retail segment, benefiting from the chains national network of over 300 stores and online integration via Lotte ON platform.

Tenant mix is dominated by in-house sections for brands like Samsung, LG, and Sony, alongside small vendor kiosks for accessories and services, with limited diversity that focuses on high-margin tech categories.

Leasing advantages include strategic visibility on high-traffic roads like Suwon-ro, free parking for 150 vehicles, and collaborative marketing through Lotte Group synergies, potentially yielding footfall of 4,000-6,000 daily visitors. However, the Suwon retail market shows 92% average occupancy for similar properties per recent Cushman & Wakefield reports, pressured by e-commerce growth and new entrants like Starfield Suwon, which reported 230,000 visitors in its opening weekend.

Accessibility via subway Line 1 and bus routes is adequate, though peak-hour congestion poses challenges.

Rent levels hover at 12-18 million KRW per pyeong annually, reflecting prime location premiums.

Demographic profile includes a young, tech-savvy population with median household income of 55 million KRW, supporting gadget purchases but vulnerable to economic slowdowns.

Operational quality features modern shelving and digital displays, yet risks involve category saturation and competition from online platforms eroding physical sales by 15% yearly.

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Hours of Operation

Hours

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Monday	10:30 AM — 08:30 PM
Tuesday	10:30 AM — 08:30 PM
Wednesday	10:30 AM — 08:30 PM
Thursday	10:30 AM — 08:30 PM
Friday	10:30 AM — 08:30 PM
Saturday	10:30 AM — 08:30 PM
Sunday	10:30 AM — 08:30 PM

Holiday Hours

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

1864 Seobu-ro, Suwon, South Korea

Insights

Demographics and Footfall

Suwons demographic includes 1.23 million residents with 28% aged 20-34, fueled by universities like Ajou and industrial parks, creating demand for electronics. Footfall at Hi Mart Suwon averages 5,200 visitors per day, peaking at 8,000 on weekends per chain data, but has declined 8% year-over-year due to online shopping trends and competition from larger malls like Lotte Mall Suwon, impacting conversion rates to 25%.

Competition and Occupancy

Intense competition from Starfield Suwon (opened 2024, 90,000+ opening day visitors) and AK Plaza erodes market share in the electronics sector, with Suwon retail saturation at 95% for specialty stores. Occupancy at Hi Mart remains high at 97%, supported by Lotte exclusivity, but faces risks from tenant churn in adjacent categories and overall market vacancy rising to 7% amid economic pressures.

Lease Terms and Risks

Standard lease terms for sub-spaces offer 3-5 year durations with 4% annual escalations and turnover rents tied to sales thresholds of 500 million KRW monthly. Risks encompass dependency on volatile electronics cycles, potential access issues from traffic, and infrastructure needs for EV charging to meet 2025 regulations, alongside broader market challenges like 5% retail sales growth slowdown in Gyeonggi Province.