Brand Fit Snapshot
Best for:
Not ideal if:
Similar properties you might like:
Quick assessment - takes 30 seconds
BSEC Bhaban Commercial Complex, located at 102 Kazi Nazrul Islam Avenue in Karwan Bazar, Dhaka, is a 10-12 floor mixed-use building constructed in 1985 with a gross leasable area of 15,000 sqm and 1,200 sqm available retail space. It functions as a commercial hub with primary occupancy by government offices, financial institutions, and corporates, including anchors like Bangladesh Securities and Exchange Commission, NTV, and RTV.
Tenant mix includes 40 retail stores with medium diversity, emphasizing B2B services such as banking (AB Bank) and IT (Primenet Limited), suitable for ground-floor retail like food outlets. In Dhaka's secondary market position, it benefits from adjacency to a major wholesale food market, generating 50,000-70,000 daily passersby, though footfall is B2B-oriented with average dwell time of 45 minutes and annual visitors of 500,000.
Occupancy is 85-90% with 8% vacancy and a pipeline of 10 tenants. Rents range 70-100 BDT per sq ft monthly (80-95 BDT ground floor), below Gulshan's 150+ BDT, with 3-5 year terms, 5-10% escalations, and 6 months advance.
Accessibility via buses and CNG is good, but traffic congestion and overcrowded paths hinder it. Catchment of 1,200,000 within 3 km features middle-class demographics, young professionals aged 25-45, median income 25,000-50,000 BDT monthly.
Leasing advantages encompass cost-effective central access, high B2B traffic for essentials, and 8-10% sector growth. Drawbacks include aging infrastructure risks (2007 fire), limited parking (150 spaces), saturation in finance/wholesale, and e-commerce competition impacting leisure retail.
Interested in this property?
Choose how you'd like to proceed
Advertise at this property?
Reach high-intent shoppers across digital screens, atria, and experiential placements.
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
Primary catchment within 3 km radius covers 1,200,000 residents at density over 30,000 per sq km. Profile includes urban middle-class and young professionals aged 25-45, median household income 25,000-50,000 BDT monthly, household size 4.2, 20% tertiary education, 5% unemployment. Annual retail spending per capita is 50,000 BDT, allocated as 10,000 BDT apparel, 20,000 BDT groceries, 5,000 BDT electronics. Supports B2B and essential retail categories but constrains luxury or discretionary spending due to income distribution and 2.5% population growth.
Competition and Market Risks
Nearby competition from New Market and retail strips results in high density for similar categories, diluting footfall for non-essentials. E-commerce exerts high pressure. Saturation in financial services and wholesale limits tenant diversity. Risks involve economic volatility with 5-7% vacancy swings, 6-8% inflation, and Dhaka's congestion reducing accessibility. Sales per sqm are 10,000 BDT yearly, conversion rate 20%, potentially challenged by 5% projected footfall growth amid urban saturation.
Lease Terms and Operational Quality
Standard leases span 3-5 years with 5-10% annual escalations, 6 months advance rent, and utilities at 10-15 BDT per sq ft. Rents 70-100 BDT per sq ft monthly, fit-out allowances minimal at 20% annual rent. Operations feature moderate quality with elevators, CCTV security, quarterly promotions, 65% internet access, and 25% click-and-collect. Challenges include aging 1985 infrastructure, 2007 fire history, limited 150 parking spaces, and medium promotional efforts, requiring tenant vigilance on maintenance and safety compliance.
Building Details
Detailed Market Analytics
City Snapshot
Dhaka
Comprehensive market intelligence for retail expansion in this city
Other Retail Destinations in Dhaka
Discover more shopping centers in Dhaka.
Popular in Bangladesh
Top retail destinations across Bangladesh.
Interested in this property?
Choose how you'd like to proceed
Advertise at this property?
Reach high-intent shoppers across digital screens, atria, and experiential placements.
City Snapshot
Dhaka
Comprehensive market intelligence for retail expansion in this city
