Shopping Mall Space Efficiency Index Increased by 57.1% in October 2024
Forex - In October 2024, the Shopping Mall Square Meter Efficiency Index increased nominally by 57.1% compared to the same month of the previous year.
The statement said: "The results of the Shopping Mall Index, jointly created by the Shopping Centers and Investors Association (AYD) and Akademetre Research, have been announced for October. According to the regularly published data, the sales index for October 2024 rose to 3615 points, reflecting an increase of 57.1% when compared to the same month of the previous year and examined without adjusting for inflation. Considering that the announced annual inflation rate for October 2024 is 48.58%, it can be seen that the increase in the square meter efficiency index exceeds inflation.
In the period of October 2024, the square meter efficiency index exhibited a rise of 7.2% compared to the September 2024 period, reaching 3615 points without adjusting for inflation.
In October, the revenue per rentable square meter in shopping malls was 13,783 TL nationwide, while it was 16,921 TL in Istanbul and 11,690 TL in Anatolia.
Category-Based Sales Index The index saw the highest increase in comparison to October of the previous year in the "Other" category, with a growth of 65.8% (*The Other category consists of stores such as construction markets, furniture, home textiles, gifts, toys, cinemas, personal care and cosmetics, jewelry, hobbies, pet shops, tailor and shoe repair services, currency exchange offices, dry cleaning, and pharmacies).
In the food and beverage category, an increase of 64.2% was observed, followed by 58.9% in the hypermarket category, 51.2% in clothing, 49.6% in footwear, and 47.9% in technology.
When comparing the category-based sales index with the previous month, September 2024, the clothing category showed a growth of 10.6%, food and beverage increased by 7%, the other category by 5.5%, hypermarkets by 4.1%, and footwear by 1.7%. However, the technology category experienced a decrease of 6.4%.
Visit Count Index When comparing the October 2024 data to the same month of the previous year, no change was observed in the visit count index. In the October 2024 period, a 2.1% increase in the visit count index was observed when compared to the previous month, September 2024.