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Zagazig Plaza, situated on Ghasham Street in Zagazig, Egypt, is a three-level shopping center built in 2015 with a gross leasable area of 25,000 square meters. It hosts 60 retail stores featuring medium diversity, anchored by Al Arabia Cinema and a local supermarket, alongside 5 unique concepts and 10 new tenants in the pipeline. The property includes advanced security measures, digital signage, 12 annual promotional events, and a 20% loyalty program penetration, with planned expansion.
Accessibility is facilitated by direct main road proximity, high public transport access, 800 parking spaces, and medium pedestrian traffic. The primary 10 km catchment area encompasses 350,000 residents, characterized by a median age of 25 years, household size of 3.9, 25% tertiary education attainment, median annual household income of 50,000 EGP, and 7.7% unemployment rate, within a cost of living index of 35 (NY=100).
Average monthly footfall reaches 8,333 visitors, yielding 1.2 million annually, with 90-minute dwell times and projected 5% yearly growth. Occupancy is 92%, with an 8% vacancy rate and 2,000 square meters available for lease at an average of 300 EGP per square meter monthly, generating 800 USD in sales per square meter yearly. Market dynamics show low local competitor density but high e-commerce pressure amid 70% internet penetration and 15% click-and-collect adoption, alongside low retail crime.
Leasing advantages include medium-term flexibility, though challenges arise from consumer demands for enhanced family amenities, diverse dining including international and healthy options, and more trendy, affordable fashion stores to boost appeal in a growing yet competitive retail landscape.
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Hours of Operation
Hours
| Monday | 10:00 AM — 09:00 PM |
| Tuesday | 10:00 AM — 09:00 PM |
| Wednesday | 10:00 AM — 09:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Catchment
The primary catchment within a 10 km radius includes 350,000 people, with secondary extending to 30 km, supported by 1.6% annual population growth. Median age of 25 reflects a young demographic ideal for fashion and entertainment retail, while household size of 3.9 suggests family-oriented spending. However, 25% tertiary education and 50,000 EGP median income indicate mid-tier purchasing power, tempered by 7.7% unemployment and low cost of living. This profile supports steady footfall but highlights risks from economic pressures potentially limiting discretionary spend on non-essentials, with per capita retail spending at 1,000 USD annually focused on groceries (600 USD) over apparel (154 USD).
Tenant Mix and Operational Quality
With 60 stores, medium diversity, and anchors like Al Arabia Cinema and a local supermarket, the mix caters to everyday shopping and leisure, enhanced by 5 unique concepts and 10 incoming tenants. Operational strengths include advanced security, digital signage, 12 yearly events driving engagement, and 20% loyalty penetration, contributing to 90-minute dwell times. Drawbacks encompass limited family amenities and dining variety, as shoppers seek childrens play areas, international cuisine, and healthier options. Medium pedestrian traffic and low crime rate aid stability, but aging infrastructure post-2015 may require updates to maintain appeal amid 25% conversion rate.
Leasing Terms and Accessibility Risks
Average rent of 300 EGP per square meter monthly offers competitive entry for mid-market retailers, with 92% occupancy and 8% vacancy providing ample 2,000 square meter opportunities under medium flexibility terms. Strong accessibility via direct roads, high public transport, and 800 parking spaces supports 1.2 million annual visitors and 5% projected growth. However, high e-commerce competition and 70% internet penetration pose risks to physical sales, exacerbated by 15% click-and-collect. Low competitor density is a plus, but market saturation in weak categories like electronics (100 USD per capita spend) and access issues in secondary areas could challenge performance, necessitating strategic tenant positioning.
Building Details
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City Snapshot
Zagazig
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Zagazig
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