Brand Fit Snapshot
Best for:
Not ideal if:
Similar properties you might like:
Quick assessment - takes 30 seconds
GEC Shopping Mall, situated at GEC Circle in Chattogram, Bangladesh, serves as a key commercial node in the citys central district. This established retail hub encompasses complexes like Central Plaza and Golden Plaza, spanning approximately 200,000 square feet of leasable space across multiple floors. Developed in the mid-20th century as part of urban expansion north of the historic port area, it draws from Chattograms position as Bangladeshs second-largest city with a metropolitan population exceeding 5 million.
The tenant mix features a blend of local and international brands, including fashion retailers such as Rajasthan and Aarong, electronics outlets, supermarkets, banks, and diverse food and beverage options like fast-food chains and local eateries.
Market position remains strong due to high visibility and proximity to government offices, educational institutions, and residential zones, contributing to consistent footfall estimated at 8,000 to 12,000 visitors daily based on urban retail studies. Occupancy levels hover around 85-95 percent in core areas, reflecting robust demand amid Chattograms retail sector growth, which has added over 20 malls in the past decade per commercial reports.
Rent levels average BDT 150-250 per square foot per month for ground-floor units, with escalations tied to inflation.
Leasing advantages include access to a loyal middle-class customer base, with household incomes averaging BDT 50,000 monthly, and strong accessibility via major thoroughfares like CDA Avenue. However, drawbacks encompass aging infrastructure in select buildings, leading to occasional maintenance issues, and increasing competition from modern developments like Meridian Kohinoor City, which offer superior amenities.
Contextual factors include the citys port-driven economy, fostering trade-related spending but exposing the area to logistical disruptions.
Overall, GEC provides practical opportunities for retailers targeting everyday essentials and mid-tier fashion, balanced against saturation in apparel categories.
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 Footfall
Chattograms GEC Circle demographics profile a young urban population, with over 60 percent under age 35, supported by port industries, services, and education sectors. Median household income stands at BDT 40,000-60,000 monthly, driving demand for affordable retail. Footfall metrics from market analyses indicate 8,000-12,000 daily visitors, peaking during weekends and festivals, bolstered by nearby offices and transit hubs. This sustains sales velocity for non-luxury tenants, though seasonal variations occur due to monsoon impacts on pedestrian traffic.
Accessibility and Competition
GEC benefits from central accessibility via CDA Avenue and bus routes, with parking for 500 vehicles, but faces chronic traffic congestion reducing impulse visits. Proximity to Chittagong Railway Station (2 km) aids regional draw. Competition intensifies from 15+ nearby malls, including newer ones like Jackpot Complex with better layouts, potentially diluting market share in electronics and apparel. Established tenant mix provides synergy, yet weak in entertainment anchors limits dwell time compared to rivals.
Lease Terms and Operational Risks
Lease terms typically span 3-5 years, with base rents of BDT 150-250 per sq ft/month plus 10-15 percent service charges; turnover rent clauses (5-8 percent of sales) are common for high-traffic spots. Occupancy remains stable at 90 percent, per real estate data, but aging infrastructure poses risks like power outages and elevator downtime. Market saturation in fashion categories heightens renewal pressures, while economic ties to port trade introduce volatility from global shipping fluctuations, advising lessees to factor in 5-10 percent vacancy buffers.
Building Details
Detailed Market Analytics
City Snapshot
Chattogram
Comprehensive market intelligence for retail expansion in this city
Other Retail Destinations in Chattogram
Discover more shopping centers in Chattogram.
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
Chattogram
Comprehensive market intelligence for retail expansion in this city
