Ipak Palace, Tabriz — Stores, Map & Hours

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Brand Fit Snapshot

Best for:

Hypermarket TrafficFamily EntertainmentCinema & LeisureNational ChainsSpecialty Retail

Not ideal if:

Ultra-Luxury PositioningSmall Format RetailBudget Brands

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Ipak Palace is a premier shopping destination in the heart of Tabriz, offering a wide range of retail options, dining experiences, and entertainment facilities. It is strategically located to attract both local residents and tourists, providing a modern shopping experience with ample parking space and vibrant indoor settings.

The mall features well-known brands, local boutiques, and family-friendly services, making it a popular spot for both shopping and leisure.

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Hours of Operation

Hours

Checking...

Monday	10:30 AM — 11:00 PM
Tuesday	10:30 AM — 11:00 PM
Wednesday	10:30 AM — 11:00 PM
Thursday	10:30 AM — 11:00 PM
Friday	10:30 AM — 11:00 PM
Saturday	10:30 AM — 11:00 PM
Sunday	10:30 AM — 11:00 PM

Holiday Hours

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

Ipak, Tabriz, Iran

Insights

Strategic Location

Ipak Palace benefits from its prime location in Tabriz, attracting shoppers from both the city and surrounding areas. Its accessibility via major roads and proximity to residential neighborhoods makes it a convenient choice for retailers seeking high foot traffic.

Diverse Retail Mix

With a varied selection of stores ranging from international brands to local retailers, Ipak Palace offers a balanced mix that appeals to a wide demographic. This diversity enhances its appeal to both budget-conscious shoppers and those seeking luxury items, driving consistent traffic.

Family-Focused Amenities

Ipak Palace emphasizes family-friendly features, including a spacious food court, entertainment options, and dedicated areas for children. This focus on families enhances the mall's appeal to a broader audience, making it a destination for all age groups and increasing dwell time.

Building Details

Property Type

Community

Gross Leasable Area

40,000

Year Built

2019

Parking Spaces

220

Average Monthly Footfall

208,333

Owner

Ipakpalace Investment Company

Anchor Tenants

Welfare Hypermart, Fantasy Town Hall, Cinematic

Detailed Market Analytics

Primary Catchment Area

5 Kilometers

Secondary Catchment Area

15 Kilometers

Catchment area population

800,000 People

Population growth rate

1.2 %

Median age

32 Years

Household size

4.1 People

Education level (tertiary)

28.0 %

Median household income

8,000,000 IRR

Unemployment rate

10.5 %

Cost of living index

65 Index

Retail spending per capita

15,000,000 IRR

Spending on apparel

3,000,000 IRR

Spending on groceries

6,000,000 IRR

Spending on electronics

2,500,000 IRR

Annual foot traffic

2,500,000 Visitors

Dwell time

90 Minutes

Conversion rate

25.0 %

Sales per square meter

120,000,000 IRR

Number of retail stores

140 Stores

Anchor tenant presence

Yes

Competitor density (same category)

3 Competitors

Tenant diversity

70.0 %

Unique Concepts

15.0 %

Gross Leasable Area

40,000 Square meters

Number of Levels

4 Levels

Average rent per square meter

1,200,000 IRR

Vacancy rate

8.0 %

Lease term flexibility

Moderate

Available retail space

3,200 Square meters

Proximity to main roads

0.5 Kilometers

Public transport access

High

Parking spaces

220 Spaces

Pedestrian traffic

High

E-commerce competition

Moderate

Click-and-collect adoption

20.0 %

Internet penetration

85.0 %

Retail crime rate

2.5 %

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

City Snapshot

Tabriz

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