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Xuhui Vanke Mall, located in Shanghai's Xuhui District adjacent to the Shanghai South Railway Station, opened in June 2024 as a mid-to-high-end retail destination with approximately 100,000 square meters of gross floor area. It is integrated into the broader Xuhui Vanke Center, a mixed-use development encompassing offices, residential elements, and a 1.2-kilometer green spine park that enhances pedestrian connectivity and urban livability.

The property's market position leverages the high-traffic South Station, which sees over 300,000 daily passengers, providing substantial footfall potential estimated at 20-30 million annual visits based on similar transit-oriented malls.

Tenant mix includes a balanced portfolio of international brands in fashion and beauty, local independent retailers, diverse dining options from casual eateries to upscale restaurants, and entertainment venues such as cinemas and sports facilities like indoor squash and bouldering. This community-focused approach differentiates it from luxury-centric competitors, appealing to young professionals and families in the affluent Xuhui area, where median household income exceeds RMB 150,000 annually.

Leasing advantages encompass competitive base rents of RMB 800-1,200 per square meter per month, turnover rent structures tied to sales performance, and flexible lease terms of 3-5 years for emerging brands.

Operational quality is supported by modern infrastructure, including energy-efficient systems and digital integration for customer engagement. However, the mall faces challenges from market saturation in southern Shanghai, with over 1 million square meters of new supply in 2024, and potential access issues during peak station hours.

Overall occupancy is near 90% post-opening, aligning with Shanghai's citywide retail vacancy of 9.5%.

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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.

9191 Humin Road, Shanghai, China

Insights

Location and Accessibility

The mall's proximity to Shanghai South Railway Station ensures excellent accessibility via metro lines 1, 3, and 15, high-speed rail, and bus networks, facilitating easy reach for residents from across the Yangtze River Delta region. Daily footfall is projected to benefit from the station's 300,000+ passengers, supplemented by the surrounding Xuhui area's growing residential population of over 1 million, including young urban professionals. However, congestion during rush hours could pose logistical challenges for deliveries and customer flow, potentially impacting operational efficiency in the short term.

Tenant Mix and Demographics

Serving a demographic profile dominated by middle-to-upper-income households (average age 25-45, household income RMB 120,000-200,000), the tenant mix emphasizes lifestyle and experiential retail with 40% fashion/apparel, 30% F&B, 20% entertainment/leisure, and 10% services. Strengths include diverse offerings from brands like Uniqlo and local independents, fostering repeat visits; weaknesses involve limited ultra-luxury anchors, which may limit appeal to high-net-worth segments compared to nearby malls.

Competition and Market Risks

In a saturated southern Shanghai market with competitors like Grand Gateway Plaza (occupancy 95%, footfall 25 million annually) and Xintiandi (prime rents RMB 1,500/sqm/month), Xuhui Vanke Mall risks footfall dilution from overlapping catchment areas. Economic factors, including a 0.7% dip in retail sales in early 2024, highlight vulnerabilities to consumer spending slowdowns; however, its transit hub location and unique community focus provide resilience, with potential for 5-7% annual sales growth if tenant synergies are optimized.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
90,000
Year Built
2024
Parking Spaces
1200
Average Monthly Footfall
500,000
Owner
China Vanke
Anchor Tenants
Uniqlo, H&M, Carrefour

Detailed Market Analytics

Primary Catchment Area
Xuhui District Area
Secondary Catchment Area
Shanghai Metropolitan Area Area
Catchment area population
1,113,078 People
Population growth rate
0.5 %
Median age
39 Years
Household size
2.4 Persons
Education level (tertiary)
35.0 %

Median household income
150,000 RMB
Unemployment rate
4.5 %
Cost of living index
120 Index

Retail spending per capita
25,000 RMB
Spending on apparel
4,500 RMB
Spending on groceries
8,000 RMB
Spending on electronics
3,200 RMB

Annual foot traffic
6,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
8.0 %
Sales per square meter
15,000 RMB

Number of retail stores
180 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
5 Malls per 100k pop
Tenant diversity
High Level
Unique Concepts
Food courts and experiential retail Concepts

Gross Leasable Area
90,000 sqm
Number of Levels
5 Levels
Average rent per square meter
9,400 RMB per year
Vacancy rate
5.0 %
Lease term flexibility
3-5 years Years
Available retail space
4,500 sqm

Proximity to main roads
Adjacent to Hu Min Elevated Road Location
Public transport access
High Level
Parking spaces
1,200 Spaces
Pedestrian traffic
High Level

E-commerce competition
High Level
Click-and-collect adoption
40.0 %
Internet penetration
95.0 %

Retail crime rate
Low Level
Security measures
CCTV, guards, patrols Measures

Promotional events
Monthly Frequency
Loyalty program penetration
30.0 %
Digital signage presence
High Level

Projected foot traffic growth
10.0 %
New tenant pipeline
20 Tenants
Mall expansion plans
None immediate Plans
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