<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="37.437217" data-lng="126.459858" data-map-catchment-data-value="{&quot;lat&quot;:&quot;37.437217&quot;,&quot;lng&quot;:&quot;126.459858&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:3000000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;10 km&quot;,&quot;description&quot;:&quot;Radius around Incheon Airport serving local and transit passengers as primary market&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;50 km&quot;,&quot;description&quot;:&quot;Extended area including Seoul metropolitan region for broader tourist and business visitors&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;3,000,000 People&quot;,&quot;description&quot;:&quot;Incheon metropolitan population as base, with access to 25M in greater Seoul area&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;0.1&quot;,&quot;description&quot;:&quot;Annual growth rate for Incheon region, reflecting stable urban development&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;44 Years&quot;,&quot;description&quot;:&quot;Median age in Incheon, aligned with South Korea&#39;s aging population trends&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.3 Persons&quot;,&quot;description&quot;:&quot;Average household size in Incheon households&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;70.0&quot;,&quot;description&quot;:&quot;Percentage of population with tertiary education in Incheon, high due to urban professional base&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;50,000,000 KRW&quot;,&quot;description&quot;:&quot;Annual median household income in Incheon, supporting mid-to-high retail spending&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;2.6&quot;,&quot;description&quot;:&quot;Current unemployment rate in South Korea, low and stable in Incheon area&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;85 Index&quot;,&quot;description&quot;:&quot;Cost of living in Incheon relative to Seoul (100), moderately high due to urban proximity&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;3,000 USD&quot;,&quot;description&quot;:&quot;Annual retail spending per capita in South Korea, focused on luxury and duty-free&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;800 USD&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on apparel in Incheon, driven by fashion retail&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;1,200 USD&quot;,&quot;description&quot;:&quot;Annual per capita grocery spending, reflecting urban convenience shopping&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;600 USD&quot;,&quot;description&quot;:&quot;Per capita annual electronics spending, high due to tech-savvy consumers&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;5,000,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated annual visitors to Paradise City resort, boosted by airport proximity&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;2 Hours&quot;,&quot;description&quot;:&quot;Average dwell time for shoppers in retail areas, including entertainment&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Estimated sales conversion from foot traffic in luxury retail&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;10,000,000 KRW&quot;,&quot;description&quot;:&quot;Annual sales per square meter in retail spaces, high due to tourist spending&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;100 Stores&quot;,&quot;description&quot;:&quot;Approximate number of retail outlets in Paradise City shopping areas&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Luxury brands and casino as major anchors attracting high-end shoppers&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;2 per 10km&quot;,&quot;description&quot;:&quot;Density of similar integrated resorts near Incheon Airport&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Mix of luxury, K-style, and international brands for diverse appeal&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Unique K-culture and entertainment-integrated retail concepts&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;25,000 sqm&quot;,&quot;description&quot;:&quot;Estimated GLA for retail within the 330,000 sqm total resort area&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;3 Levels&quot;,&quot;description&quot;:&quot;Multi-level structure for retail and entertainment facilities&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;100,000 KRW/month&quot;,&quot;description&quot;:&quot;Average retail rent in premium Incheon resort location&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Low vacancy due to high demand in integrated resort&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Flexible leasing options for seasonal and tourist-oriented tenants&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;2,000 sqm&quot;,&quot;description&quot;:&quot;Current available space for new retail tenants&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;1 km&quot;,&quot;description&quot;:&quot;Close to major highways connecting to Seoul and airport&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Direct shuttle from Incheon Airport and bus/subway links&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;1,500 Spaces&quot;,&quot;description&quot;:&quot;Ample free parking available on-site for visitors&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Strong pedestrian flow within resort and from airport transfers&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Strong online retail competition in South Korea&#39;s digital market&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;50.0&quot;,&quot;description&quot;:&quot;Adoption rate of click-and-collect services in retail&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;96.0&quot;,&quot;description&quot;:&quot;High internet penetration in Incheon supporting digital shopping&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low Level&quot;,&quot;description&quot;:&quot;Low crime rate in secure resort environment&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;24-hour CCTV and patrols Measures&quot;,&quot;description&quot;:&quot;Comprehensive security including 24/7 surveillance and staff&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Multiple annually Events&quot;,&quot;description&quot;:&quot;Regular events like happy hours and cultural promotions&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;60.0&quot;,&quot;description&quot;:&quot;Penetration of Paradise Rewards loyalty program among visitors&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Digital signage throughout retail areas for promotions&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;10.0&quot;,&quot;description&quot;:&quot;Targeted annual growth in foot traffic through expansions&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing Status&quot;,&quot;description&quot;:&quot;Pipeline for new luxury and K-style tenants&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Yes Plans&quot;,&quot;description&quot;:&quot;Expansion including new hotel acquisitions and facilities by 2027&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:4663,&quot;slug&quot;:&quot;lotte-mart-yeongjongdo&quot;,&quot;name&quot;:&quot;Lotte Mart Yeongjongdo&quot;,&quot;lat&quot;:&quot;37.4692&quot;,&quot;lng&quot;:&quot;126.4436&quot;,&quot;property_type&quot;:&quot;Retail&quot;,&quot;description&quot;:&quot;Lotte Mart Yeongjongdo, situated in Unseo-dong, Jung-gu, Incheon, operates as a hypermarket serving the Yeongjong Island community and airport vicinity. Opened in the early 2000s as part of Lotte Groups expansion, it spans multiple floors offering groceries, apparel, electronics, household items, and convenience services. The property benefits from its position near Incheon International Airport, approximately 5 km away, and Unseo Station on the Airport Railroad, providing excellent accessibility via public transport and roads. As the sole large-scale hypermarket on the island following the 2020 closure of E-Mart Incheon Airport, it holds a dominant market position in a growing residential area with over 100,000 inhabitants, including airport employees, families, and transient tourists. Tenant mix includes anchor grocery sections, fashion outlets, daily necessities stores, and food courts with local and international cuisine options. Occupancy remains high at around 95%, supported by stable local demand and seasonal tourist influx. Rent levels for sub-lease spaces average 50,000-80,000 KRW per square meter annually, competitive for the region due to limited alternatives. Footfall averages 15,000-20,000 daily visitors, peaking during holidays and airport travel seasons. The surrounding market features moderate retail saturation with smaller convenience stores but lacks direct hypermarket competition, enhancing leasing appeal for complementary retailers. However, reliance on airport traffic introduces volatility from travel disruptions or economic shifts in aviation. Infrastructure is modern with ample parking for 1,000 vehicles, though aging elements in some sections may require future investments. Overall, it presents balanced leasing opportunities for retailers targeting middle-income demographics with strong everyday needs, though external factors like fuel prices affecting airport access pose risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Incheon&quot;},&quot;anchor_tenants&quot;:&quot;Lotte Mart, Homeplus, Various retail brands&quot;,&quot;distance&quot;:3.83,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Lotte Mart, Homeplus, Various retail brands&quot;}}],&quot;secondary&quot;:[],&quot;outside&quot;:[{&quot;id&quot;:7931,&quot;slug&quot;:&quot;new-core-outlet-incheon&quot;,&quot;name&quot;:&quot;New Core Outlet Incheon&quot;,&quot;lat&quot;:&quot;37.4186875&quot;,&quot;lng&quot;:&quot;126.6690625&quot;,&quot;property_type&quot;:&quot;Outlet&quot;,&quot;description&quot;:&quot;New Core Outlet Incheon, located in Guwol-dong, Namdong-gu, Incheon, opened in 1995 as Highway Department Store and converted to an outlet format in 2004 under E-Land Retail management. Spanning B1F to 12F, the property covers approximately 50,000 square meters of retail space, focusing on discounted merchandise from department stores. Tenant mix emphasizes value-oriented fashion, sportswear, cosmetics, home goods, and food services, with key anchors like Kim&#39;s Club grocery on B1F, cosmetics and Missha on 1F, casual wear on 2F-3F, ladies&#39; items on 4F, sports on 5F, men&#39;s outdoor on 6F, children&#39;s on 7F, living essentials on 8F, and food courts on 9F-10F. Accessibility is strong via Incheon Subway Line 1 at Incheon Terminal Station and multiple bus routes, benefiting from proximity to Incheon International Airport (15 km away) and Lotte Department Store in the same district. Incheon&#39;s retail market features 10 major malls with aggregate annual footfall of 50 million visits, positioning this outlet as a mid-tier player in a competitive landscape with high occupancy around 90% driven by local middle-income demographics (average household income KRW 60 million) and cross-border shoppers. Leasing advantages include flexible terms for mid-sized retailers at base rents of KRW 50,000-80,000 per square meter annually, lower than premium malls, but challenges arise from aging infrastructure (30+ years) requiring potential capex for upgrades and saturation in discount segments amid e-commerce growth. Operational quality is average, with parking for 1,500 vehicles supporting weekend peaks, though competition from nearby outlets like Premium Outlets Incheon (opened 2022) pressures sales per square meter at around KRW 15-20 million yearly.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Incheon&quot;},&quot;anchor_tenants&quot;:&quot;Kim&#39;s Club, Modern House, Spao, Miso&quot;,&quot;distance&quot;:18.59,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Kim&#39;s Club, Modern House, Spao, Miso&quot;}},{&quot;id&quot;:6568,&quot;slug&quot;:&quot;incheon-technopark-shopping-center&quot;,&quot;name&quot;:&quot;Incheon Technopark Shopping Center&quot;,&quot;lat&quot;:&quot;37.3818985&quot;,&quot;lng&quot;:&quot;126.6535303&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Incheon Technopark Shopping Center is situated in the Songdo International Business District of Yeonsu-gu, Incheon, South Korea, adjacent to Technopark Station on Incheon Subway Line 1. This modern retail hub encompasses interconnected facilities including Triple Street, Hyundai Premium Outlets Songdo, and Homeplus Songdo, spanning approximately 100,000 square meters of leasable space. Opened in the mid-2010s as part of Songdos development into a high-tech urban center, it benefits from proximity to Incheon International Airport (20 minutes by car) and Seoul (1 hour by subway), enhancing accessibility for domestic and international visitors. The tenant mix features a balanced blend of international fashion brands such as H\u0026M, ZARA, 8 Seconds, Coach, and Gucci in premium outlet formats, alongside supermarkets like Homeplus for daily essentials, diverse restaurants, cafes, and specialty shops offering cosmetics, souvenirs, and creative products. Occupancy rates hover around 95% based on recent commercial real estate reports for Songdo, supported by strong local demand. Footfall averages 1.5 million monthly visitors, with peaks during weekends and holidays, driven by the areas parks, convention centers, and night views. Rent levels range from 80,000 to 150,000 KRW per square meter annually, competitive for a premium location but higher than traditional Incheon malls due to the upscale positioning. Demographically, the catchment area includes over 300,000 residents in Songdo, characterized by young professionals (ages 25-44), affluent families, and expatriates in tech and finance sectors, with median household income exceeding 80 million KRW yearly. Market position as a lifestyle destination strengthens leasing appeal, with advantages in cross-traffic from adjacent attractions like Songdo Central Park and Canal Walk, fostering longer dwell times and higher sales per square foot (averaging 20 million KRW annually). However, challenges include seasonal fluctuations in tourism and competition from nearby Lotte Mall and AK Plaza, potentially impacting smaller tenants. Operational quality is high, with modern infrastructure, ample parking (over 2,000 spaces), and sustainable features like energy-efficient lighting. For retailers, leasing here offers exposure to a growing, diverse consumer base but requires adaptation to high operational costs and e-commerce pressures in a saturated fashion segment.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Incheon&quot;},&quot;anchor_tenants&quot;:&quot;Zara,H\u0026M,MLB,Olive Young,Daiso&quot;,&quot;distance&quot;:18.18,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;122000&quot;,&quot;anchor_tenants&quot;:&quot;Zara,H\u0026M,MLB,Olive Young,Daiso&quot;}},{&quot;id&quot;:7937,&quot;slug&quot;:&quot;incheon-chinatown-retail&quot;,&quot;name&quot;:&quot;Incheon Chinatown Retail&quot;,&quot;lat&quot;:&quot;37.4761&quot;,&quot;lng&quot;:&quot;126.6297&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Incheon Chinatown Retail is a historic street retail district in Jung-gu, Incheon, South Korea, established in 1884 as the nations only official Chinatown. Spanning a compact area near Incheon Station, it features traditional Chinese architecture, including iconic gates like Paeru and Inhwamun, and cultural sites such as Uiseondang Temple and mural streets depicting historical themes. The districts market position centers on cultural tourism and ethnic cuisine, drawing from its origins as a trading hub post the 1882 China-Korea Treaty and opening of Incheon Port in 1883. Tenant mix is dominated by over 50 Chinese restaurants, many specializing in jjajangmyeon, which originated here, alongside souvenir shops, tea houses, and small vendors selling imported Chinese goods like herbs, fabrics, and crafts. This food-heavy composition supports a vibrant atmosphere but limits diversity in retail categories. Leasing advantages include high visibility from tourist footfall, with the area integrated into the Jemulpo Renaissance Project for urban renewal, and proximity to transportation hubs enhancing accessibility via subway and buses. Occupancy rates remain stable at around 85-90% for ground-level spaces, driven by tourism recovery post-2020, though reliant on seasonal visitors. Rent levels average 50,000-80,000 KRW per square meter annually for street-front units, lower than Seouls prime districts but competitive within Incheon due to cultural appeal. Demographic profile includes local Korean residents, second- and third-generation Korean-Chinese (Hwagyo), and international tourists, particularly from China, with Incheons overall population exceeding 3 million and net inflow ranking first nationally in recent years. Operational quality benefits from municipal support, including a special development zone extended to 2027 for regulatory relief, but faces challenges like aging infrastructure and market saturation in dining. Overall, it offers balanced leasing for experiential retail but requires adaptation to tourism volatility and competition from modern malls like those in Songdo International Business District.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Incheon&quot;},&quot;anchor_tenants&quot;:&quot;Hongs&#39; Jjajang, Naksan Restaurant&quot;,&quot;distance&quot;:15.6,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;Hongs&#39; Jjajang, Naksan Restaurant&quot;}},{&quot;id&quot;:7960,&quot;slug&quot;:&quot;incheon-starfield&quot;,&quot;name&quot;:&quot;Incheon Starfield&quot;,&quot;lat&quot;:&quot;37.4751578&quot;,&quot;lng&quot;:&quot;126.6312666&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Incheon Starfield, also known as Starfield Cheongna, is a planned mega retail and entertainment complex developed by Shinsegae Property in Cheongna International City, Seo-gu, Incheon. Spanning a 165,000 square meter site with a total floor area of 500,000 square meters across nine stories (including three basement levels), it represents one of South Korea&#39;s largest upcoming shopping destinations, surpassing the scale of existing Starfield Hanam. The project integrates a 21,000-seat multi-purpose dome stadium for professional baseball (home to SSG Landers), a high-end hotel, cultural venues, and extensive retail space, positioning it as a landmark for sports, leisure, and shopping. Construction began in 2023, with an anticipated opening in late 2027, amid Incheon&#39;s rapid urban growth as a gateway city near Incheon International Airport. The local market benefits from Cheongna&#39;s status as an international business district, drawing a trade area of over 2 million residents and workers, including young professionals, families, and expatriates in finance, logistics, and tech sectors. Planned tenant mix emphasizes diverse retail categories: fashion anchors from global and domestic brands, lifestyle stores, gourmet dining halls, experiential entertainment like themed libraries and aquariums akin to other Starfields, and F\u0026B outlets targeting 7.5% local market share. Leasing advantages include pre-leasing opportunities for prime anchor positions, competitive rent structures in a developing suburb (estimated KRW 12,000-18,000 per pyeong monthly for mid-tier spaces), and synergies from stadium-driven footfall exceeding 10 million annual visitors. Market reports from Savills and CBRE highlight Incheon&#39;s retail vacancy at 8-10% with rising occupancy due to population influx (net inflow of 20,000+ annually), supporting strong performance potential. However, risks involve construction delays from regulatory reviews and competition from established venues like Lotte Premium Outlets and Wolmi Cultural Street, potentially impacting initial tenant ramp-up in a saturated suburban market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Incheon&quot;},&quot;anchor_tenants&quot;:&quot;Shinsegae Department Store,E-Mart,SSG Landers Baseball&quot;,&quot;distance&quot;:15.71,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;150000&quot;,&quot;anchor_tenants&quot;:&quot;Shinsegae Department Store,E-Mart,SSG Landers Baseball&quot;}},{&quot;id&quot;:7930,&quot;slug&quot;:&quot;modern-house-incheon&quot;,&quot;name&quot;:&quot;Modern House Incheon&quot;,&quot;lat&quot;:&quot;37.3807384&quot;,&quot;lng&quot;:&quot;126.6589264&quot;,&quot;property_type&quot;:&quot;Retail&quot;,&quot;description&quot;:&quot;Modern House Incheon is a prominent home goods and lifestyle retail store located within the Square One shopping mall in Yeonsu-gu, Incheon, South Korea. Opened in 2012, the encompassing Square One mall spans approximately 169,000 square meters with over 170 tenants, positioning it as a mid-tier regional retail destination near Dongchun Station on Incheon Subway Line 1. The mall benefits from strong accessibility, being just 30 minutes from Incheon International Airport and 40 minutes from Seoul via public transport. Modern House occupies a significant space on the third floor, specializing in affordable home decor, kitchenware, and furniture, attracting middle-income families and young urban dwellers. The tenant mix in Square One includes international fashion brands like H\u0026M and Zara, sports retailers such as Adidas and Puma, and diverse dining options including McDonalds and KFC in the food court. Market reports from Cushman \u0026 Wakefield indicate Incheons retail sector grew 3.5% in 2024, driven by the Songdo International Business Districts expansion, which boosts local demographics of professionals aged 25-44 with average household incomes around 60 million KRW annually. Leasing advantages include competitive base rents averaging 12-15 million KRW per pyeong per year, plus percentage rent clauses tied to sales performance, and high visibility in a family-oriented environment. However, challenges include competition from larger outlets like NC Incheon and potential saturation in home goods categories amid e-commerce growth. Occupancy rates in similar Incheon malls hover at 92-95%, with footfall estimated at 5-7 million annual visitors for Square One, supported by weekend peaks and promotional events. Operational quality is solid, with modern infrastructure and ample parking for 2,000 vehicles, though aging elements in some areas may require future upgrades. Retailers considering leasing here should note the balanced demographic profile favoring experiential shopping, but monitor access issues during peak hours on subway lines.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Incheon&quot;},&quot;anchor_tenants&quot;:&quot;Modern House, Homeplus&quot;,&quot;distance&quot;:18.67,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Modern House, Homeplus&quot;}}]}" data-map-update-url-value="/malls/paradise-city" id="mall-map-wrapper"><div data-city="Incheon" data-current-mall="true" data-id="paradise-city" data-lat="37.437217" data-lng="126.459858" data-map-target="mall" data-name="Paradise City" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">10 km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">50 km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">3,000,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">0.1</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">50,000,000 KRW</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">2.6</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">85 Index</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">3,000 USD</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">800 USD</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">1,200 USD</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">600 USD</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5,000,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">2 Hours</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">15.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">10,000,000 KRW</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">100 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">2 per 10km</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Level</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">25,000 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">3 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">100,000 KRW/month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">1 km</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">High Level</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">1,500 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High Level</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High Level</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">50.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">96.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Low Level</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">24-hour CCTV and patrols Measures</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Multiple annually Events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">60.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">10.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing Status</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Yes Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>