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Park Avenue Mall, located in Alexandria, is a mid-sized retail space known for its modern design and wide variety of shops. With its strategic location in a high-traffic area, it attracts a considerable volume of foot traffic. However, the mall's maintenance standards and tenant mix have faced some challenges, impacting its ability to consistently draw high-end retailers.

The mall features a mix of local and national brands, but the overall customer experience has been a concern for some visitors due to limited amenities and outdated facilities in certain sections. Despite these drawbacks, Park Avenue Mall remains an attractive location for retailers looking to tap into the area's demographic, particularly for mid-range to budget-conscious consumers.

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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 — 11:00 PM
Friday10:00 AM — 11:00 PM
Saturday10:00 AM — 11:00 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

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

Kilo 26 Road Egypt Alexandria Al Sahrawai, Alexandria, Egypt

Insights

Tenant Mix and Leasing Opportunities

Park Avenue Mall's tenant mix includes a blend of national chains and local retailers. Retailers targeting budget-conscious or family-oriented customers will find potential here. However, the lack of luxury retailers may be a deterrent for high-end brands looking for a prime location. Retailers should assess whether the demographics align with their target market, especially given the mall's limited appeal to upper-income groups.

Foot Traffic and Location

The mall benefits from a prime location in a busy area, ensuring solid foot traffic. However, parking issues and limited public transport options in the vicinity have been mentioned as inconveniences for shoppers. Retailers should consider these factors when estimating potential customer engagement, particularly if they rely heavily on spontaneous visits from the local population.

Maintenance and Upkeep

While the mall boasts a modern design in newer sections, some older areas have not been maintained at the same level, which may impact the overall shopping experience. Retailers should prepare for periodic inconveniences due to renovation work and consider whether the mall's upkeep aligns with their brand image and expectations for store presentation.

Building Details

Property Type
Regional
Gross Leasable Area
62,200
Year Built
2016
Parking Spaces
2500
Average Monthly Footfall
666,667
Owner
Park Avenue for Real Estate Developments

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
1,200,000 People
Population growth rate
1.5 %
Median age
28 Years
Household size
4.2 People
Education level (tertiary)
25.0 %

Median household income
6,500 USD
Unemployment rate
7.8 %
Cost of living index
45 Index

Retail spending per capita
1,200 USD
Spending on apparel
300 USD
Spending on groceries
500 USD
Spending on electronics
200 USD

Annual foot traffic
8,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
30.0 %
Sales per square meter
4,500 USD

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

Number of Levels
2 Levels
Average rent per square meter
35 USD
Vacancy rate
8.0 %
Lease term flexibility
Medium
Available retail space
4,976 Square Meters
Gross Leasable Area
62,200 Square meters

Proximity to main roads
0.5 km
Public transport access
Yes
Parking spaces
2,500 Spaces
Pedestrian traffic
High

E-commerce competition
Moderate
Click-and-collect adoption
40.0 %
Internet penetration
70.0 %

Retail crime rate
Low
Security measures
High

Promotional events
20 Events
Loyalty program penetration
25.0 %
Digital signage presence
Yes

Projected foot traffic growth
5.0 %
New tenant pipeline
10 Stores
Mall expansion plans
No
City Snapshot
Alexandria

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Alexandria

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