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Shopping Bourbon Assis, located at Av. Assis Brasil, 164 in Porto Alegre, Brazil, is a mid-tier community shopping center opened in 1991. It offers 24,637 sqm of gross leasable area across two levels, housing 95 stores with high tenant diversity. Anchor tenants include Hipermercado Bourbon supermarket and Marisa department store, supporting a mix focused on everyday retail, fashion, and services. The property features 1,296 parking spaces and attracts 5 million annual visitors, with monthly footfall averaging 3,333 and a 30% conversion rate; dwell time is 1.5 hours.
Occupancy is strong at 95%, with 5% vacancy and 1,200 sqm available. Average rent stands at 150 BRL per sqm per month, while sales per sqm reach 12,000 BRL annually.
Accessibility benefits from high proximity to main roads and good public transport, though pedestrian traffic is medium. The primary 5 km catchment area serves 300,000 residents, median age 36, household size 3.1, and median income 4,200 BRL monthly; tertiary education level is 25%, unemployment 6.5%. In Porto Alegre's market, average mall occupancy is 94%, with 3 competing malls per 100,000 people.
Leasing advantages encompass anchor-driven traffic, 12 annual promotional events, 25% loyalty program penetration, comprehensive security, low crime rates, and 2% projected footfall growth, plus 10 new stores in pipeline. Drawbacks include high e-commerce competition (85% internet penetration, 40% click-and-collect), no expansion plans, and saturation in grocery and apparel categories amid regional economic pressures.
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Hours of Operation
Hours
| Monday | 10:00 AM — 10:00 PM |
| Tuesday | 10:00 AM — 10:00 PM |
| Wednesday | 10:00 AM — 10:00 PM |
| Thursday | 10:00 AM — 10:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 02:00 PM — 08:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Catchment Area
The primary catchment within 5 km radius encompasses 300,000 people, with a secondary area up to 15 km. Median age is 36 years, household size averages 3.1 persons, and 25% hold tertiary education. Median monthly household income is 4,200 BRL, supporting retail spending of 1,800 BRL per capita annually, including 450 BRL on apparel and 600 BRL on groceries. Population growth is modest at 0.5% yearly, with unemployment at 6.5% and cost of living index at 110 (Brazil base 100). This profile suits family-oriented retail but faces risks from income constraints and e-commerce shifts, potentially limiting discretionary spending in a market with 85% internet penetration.
Competition and Market Position
Porto Alegre's retail market shows 94% average mall occupancy, positioning Shopping Bourbon Assis as a stable mid-tier option amid 3 competing malls per 100,000 residents. Competitor density is moderate, but high e-commerce rivalry (40% click-and-collect adoption) challenges physical retail. Sales per sqm at 12,000 BRL reflect solid performance, driven by 40% shopping and 35% dining visits. Tenant mix emphasizes anchors and variety stores, with 5 unique concepts enhancing appeal. Risks include category saturation in groceries and fashion, plus regional economic factors like 6.5% unemployment impacting footfall growth, projected at 2% annually despite 5 million visitors.
Lease Terms and Operational Quality
Available space totals 1,200 sqm at 150 BRL per sqm monthly rent, with medium flexibility in lease terms. Occupancy at 95% indicates low risk, supported by comprehensive security, low crime rates, digital signage, and 12 yearly events. Parking capacity of 1,296 spaces aids accessibility, though medium pedestrian traffic may limit impulse buys. Operational strengths include high anchor presence and 25% loyalty penetration, fostering repeat visits. Challenges involve aging infrastructure since 1991, no expansion plans, and high e-commerce competition eroding traditional sales. Overall, it offers practical leasing for stable, community-focused retailers seeking balanced footfall and costs in Porto Alegre's evolving market.
Building Details
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Porto Alegre, RS
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City Snapshot
Porto Alegre, RS
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