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Outlet & Off-PriceInternational ChainsNational ChainsDepartment Store AnchorsFamily Entertainment

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Ultra-Luxury PositioningSmall Format RetailConvenience-Only Format

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Sur Yapı Marka City Outlet, situated in Nilüfer district of Bursa, Turkey, opened in 2017 as a mixed-use development integrating retail, residences, and offices. The property spans 75,000 square meters of gross leasable area over three levels, accommodating around 250 stores with a focus on fashion, lifestyle, home goods, dining, and entertainment. Prominent anchors comprise Boyner, LC Waikiki, Migros, Zara, and Decathlon, contributing to a tenant mix with 70% diversity and 10 unique concepts.

However, high turnover rates and temporary stores lead to inconsistencies in the mix. Annual footfall reaches 8 million visitors, supported by high pedestrian traffic and a 25% conversion rate, with average dwell time of 2.5 hours and projected 3% growth. Occupancy remains robust at 95%, with 3,750 square meters available; sales per square meter average 3,200 USD.

Rent levels are set at approximately 40 USD per square meter, offering medium lease term flexibility.

Accessibility benefits from 0.5 km proximity to main roads, public transport options, and 1,800 parking spaces, though limitations during peak hours pose challenges. The 10 km primary catchment area encompasses 1.2 million residents, median age 32, household size 3.8, tertiary education 35%, median income 36,000 USD, and per capita retail spending of 4,500 USD, primarily targeting families and working professionals in a growing urban zone with 1.5% population increase.

In Bursas competitive retail landscape, it functions as a community-oriented center amid three rival malls and moderate e-commerce pressure (85% internet penetration, 40% click-and-collect).

Leasing advantages include steady visitor flow and anchor-driven traffic, balanced against risks from tenant instability and access issues that could impact performance.

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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.

Odunluk Mah. Akademi Cd. No:6/A, Bursa, Türkiye

Insights

Demographics and Catchment Profile

The primary catchment within 10 km includes 1.2 million people, with a secondary area of 25 km, reflecting Bursas expanding urban population growing at 1.5% annually. Median age is 32 years, household size 3.8, and 35% hold tertiary education. Median household income stands at 36,000 USD, supporting per capita retail spending of 4,500 USD, broken down as 900 USD on apparel, 1,800 USD on groceries, and 600 USD on electronics. Unemployment is 8.2%, and cost of living index is 65. This profile suits family-oriented and professional demographics in residential and business-heavy Nilüfer, fostering consistent demand for lifestyle and everyday retail, though economic fluctuations in the region could affect spending patterns and tenant viability.

Competition and Market Risks

Sur Yapı Marka City Outlet faces competition from three nearby malls of similar category, alongside moderate e-commerce influence with 85% internet penetration and 40% click-and-collect adoption. As a community center in Nilüfers growing market, it benefits from anchor tenants and 50 annual promotional events, achieving 30% loyalty program penetration. However, high tenant turnover disrupts mix consistency, potentially eroding consumer perception and long-term stability. Retail crime is low at 2 incidents per 100,000, supported by high security, but no expansion plans limit future growth. Risks include market saturation in fashion and lifestyle segments, where inconsistent occupancy could pressure rents and sales, advising tenants to assess category-specific performance amid Bursas evolving retail dynamics.

Operational Quality and Lease Considerations

Operational strengths include contemporary design, digital signage, and family-friendly amenities driving 8 million annual visitors and 3,200 USD sales per square meter. With 95% occupancy and a 5-store new tenant pipeline, it offers 3,750 square meters of available space at 40 USD per square meter rent, with medium-term lease flexibility. Challenges encompass peak-hour parking shortages in 1,800 spaces, risking foot traffic loss, and temporary store prevalence affecting tenant synergy. High pedestrian access and public transport proximity enhance reach, but aging infrastructure is not an issue given the 2017 build. Tenants should evaluate category fit against weak areas like high-turnover zones, ensuring alignment with 25% conversion rates and 2.5-hour dwell times for optimal performance in this balanced Bursa outlet environment.

Building Details

Property Type
Outlet
Gross Leasable Area
75,000
Year Built
2017
Parking Spaces
1800
Average Monthly Footfall
416,667
Owner
Sur Yapı
Anchor Tenants
Boyner, LC Waikiki, Migros, Zara, Decathlon

Detailed Market Analytics

Primary Catchment Area
10 km
Secondary Catchment Area
30 km
Catchment area population
500,000 People
Population growth rate
2.5 %
Median age
32 Years
Household size
3.2 Persons
Education level (tertiary)
35.0 %

Median household income
18,000 USD
Unemployment rate
8.5 %
Cost of living index
75 Index (US=100)

Retail spending per capita
550 USD
Spending on apparel
120 USD
Spending on groceries
250 USD
Spending on electronics
80 USD

Annual foot traffic
5,000,000 Visitors
Dwell time
2 Hours
Conversion rate
25.0 %
Sales per square meter
6,000 USD

Number of retail stores
250 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
Medium Density
Tenant diversity
High Diversity
Unique Concepts
Several Concepts

Gross Leasable Area
75,000 sqm
Number of Levels
3 Levels
Average rent per square meter
25 USD/month
Vacancy rate
4.0 %
Lease term flexibility
Medium Flexibility
Available retail space
3,000 sqm

Proximity to main roads
High Proximity
Public transport access
Excellent Access
Parking spaces
1,800 Spaces
Pedestrian traffic
High Traffic

E-commerce competition
High Competition
Click-and-collect adoption
35.0 %
Internet penetration
82.0 %

Retail crime rate
Low Rate
Security measures
Advanced Measures

Promotional events
Frequent Events
Loyalty program penetration
45.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
5.0 %
New tenant pipeline
Active Pipeline
Mall expansion plans
Planned Plans
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