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International ChainsNational ChainsMid-Market FashionCinema & LeisureTransit Commuter Retail

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Ultra-Luxury PositioningBudget BrandsSmall Format Retail

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Metropark is a modern shopping mall located in the heart of Baku, offering a wide range of retail outlets, dining options, and entertainment facilities.

Spanning across several floors, the mall provides a comprehensive shopping experience with a variety of international and local brands. The design of the mall is spacious and open, catering to both high-end retail and more affordable shopping options. It is well-connected by public transportation and has a significant footfall due to its proximity to major residential and commercial areas. However, despite its popularity, the mall faces challenges with maintaining tenant diversity and attracting new brands due to the competitive retail market in the city.

Over recent years, some spaces have been left vacant, and there is a growing need for improved marketing to boost visitor engagement. Additionally, some retailers report fluctuating sales performance, especially those in lower-traffic zones of the mall.

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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.

106a Təbriz küçəsi, Baku, Azerbaijan

Insights

Location and Accessibility

Metropark's central location in Baku makes it easily accessible by both public and private transport. This is a major benefit for retailers as it ensures a steady flow of foot traffic throughout the day. However, the increase in competition from newer shopping centers in the area has impacted the mall's visibility. Retailers should consider the location's attractiveness for potential customers, and whether the mall's ongoing marketing efforts are enough to maintain a competitive edge.

Tenant Mix

The tenant mix at Metropark is diverse, with a mix of high-end and mid-range retail brands. However, there has been a noticeable decline in the number of luxury retailers, which has affected the mall's overall appeal for high-end shoppers. Retailers in the fashion and electronics sectors tend to perform better, while smaller stores or those offering niche products face challenges in driving sales. Retailers should consider the audience they want to attract and whether Metropark can support their target market's preferences.

Vacancy Rate and Foot Traffic

Despite being centrally located, some sections of Metropark have experienced higher vacancy rates due to changing consumer preferences and economic factors. These vacancies have caused a reduction in the overall vibrancy of the mall, affecting foot traffic. However, areas with anchor tenants such as large department stores or major dining outlets continue to perform well. Retailers should be mindful of the space they are leasing and whether it aligns with current customer trends, especially in high-footfall areas.

Building Details

Property Type
Community
Gross Leasable Area
13,500
Year Built
2012
Parking Spaces
600
Average Monthly Footfall
250,000
Owner
Marti Group
Anchor Tenants
LC Waikiki, Mango, Mimy, Miniso, Park Cinema, Pink

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
500,000 People
Population growth rate
1.5 %
Median age
32 Years
Household size
4.2 People
Education level (tertiary)
35.0 %

Median household income
12,000 USD per year
Unemployment rate
5.2 %
Cost of living index
60 Index

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

Annual foot traffic
3,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
4,000 USD per year

Number of retail stores
80 Stores
Anchor tenant presence
Yes
Competitor density (same category)
10.0 %
Tenant diversity
70.0 %
Unique Concepts
15.0 %

Number of Levels
5 Levels
Average rent per square meter
25 USD per month
Vacancy rate
8.0 %
Lease term flexibility
Medium
Available retail space
1,080 Square Meters
Gross Leasable Area
13,500 Square meters

Proximity to main roads
0.5 km
Public transport access
Yes
Parking spaces
600 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 per year
Loyalty program penetration
30.0 %
Digital signage presence
Yes

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