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National ChainsInternational ChainsMid-Market FashionQuick-Service DiningFamily Entertainment

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Ultra-Luxury Positioning

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Shuvelan Shopping Centre, located in Baku, is a mid-sized mall primarily catering to local and regional consumers. The mall offers a variety of retail outlets, including fashion, electronics, and dining options. It is situated in a rapidly developing area with access to both residential and commercial districts, making it a strategic location for businesses seeking visibility and foot traffic. However, despite its promising location, the mall has faced challenges with tenant turnover and limited luxury brand representation, which may impact higher-end retail positioning.

The complex also experiences moderate seasonal footfall variation, particularly during summer months, which could affect consistent sales for some tenants. Despite these factors, it offers competitive rent pricing and a solid consumer base for more affordable and mid-range retail businesses.

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Hours of Operation

Hours

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Monday10:00 AM — 09:00 PM
Tuesday10:00 AM — 09:00 PM
Wednesday10:00 AM — 09:00 PM
Thursday10:00 AM — 09:00 PM
Friday10:00 AM — 09:00 PM
Saturday10:00 AM — 09:00 PM
Sunday10:00 AM — 09:00 PM
Holiday Hours

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

68 Almaz İldırım küçəsi, Baku, Azerbaijan

Insights

Foot Traffic and Demographics

Shuvelan Shopping Centre benefits from a steady flow of foot traffic due to its proximity to residential areas and other commercial developments in Baku. However, the seasonal footfall fluctuations, especially during the summer, may create challenges for some retailers in maintaining consistent sales. Businesses that are flexible and adaptable to this pattern may still find it profitable to operate here.

Tenant Composition

While the mall boasts a variety of retail outlets, it lacks a significant number of luxury or high-end brand stores, which may affect its appeal to retailers looking for prestige or affluent customer bases. However, the mall's composition leans heavily towards mid-range retail brands and affordable options, providing an ideal environment for value-driven retailers looking for competitive rental rates.

Competitive Rent and Cost Efficiency

Shuvelan Shopping Centre offers more affordable rent compared to other malls in Baku, making it an attractive option for businesses looking to enter the market or those with a limited budget. The lower overhead costs can help businesses maintain profitability despite the seasonal traffic challenges, particularly for mid-range and budget retailers who focus on volume sales.

Building Details

Property Type
Community
Gross Leasable Area
15,000
Year Built
2008
Parking Spaces
500
Average Monthly Footfall
166,667
Owner
Pasha Holding LLC
Anchor Tenants
Mango, Guess Kids, Emporium, Benetton, McDonalds

Detailed Market Analytics

Primary Catchment Area
5 Kilometers
Secondary Catchment Area
15 Kilometers
Catchment area population
150,000 People
Population growth rate
1.2 %
Median age
32 Years
Household size
3.8 People
Education level (tertiary)
35.0 %

Median household income
12,000 USD
Unemployment rate
5.5 %
Cost of living index
60 Index

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

Annual foot traffic
2,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
3,000 USD

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

Number of Levels
2 Levels
Average rent per square meter
25 USD
Vacancy rate
8.0 %
Lease term flexibility
Medium
Available retail space
1,200 Square Meters
Gross Leasable Area
15,000 Square meters

Proximity to main roads
0.5 Kilometers
Public transport access
Yes
Parking spaces
500 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
Loyalty program penetration
30.0 %
Digital signage presence
Yes

Projected foot traffic growth
5.0 %
New tenant pipeline
5 Tenants
Mall expansion plans
No
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