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Halishahar Shopping Complex is a neighborhood retail property in Halishahar Housing Estate, Chattogram, Bangladesh, covering 50,000 square feet across three levels with 50 stores. Established in 1995 under private local ownership, it targets a residential area of 234,443 people (2022 census), mainly middle-income households engaged in port operations, EPZ manufacturing, and fisheries.

Tenant mix includes 60% apparel and accessories such as Aarong and Virgo Retail, 30% groceries from local vendors, and 10% services like salons and food stalls, anchored by a supermarket. Occupancy is 88%, with 5% available space and rents at BDT 30-50 per square foot monthly, below central Chattogram averages of BDT 80-120, suiting budget retailers. Daily footfall ranges 5,000-10,000, totaling 500,000 annually, with 60-minute dwell time and 20% conversion, driving BDT 500-800 sales per square foot monthly.

Catchment of 200,000 within 5 km has median age 28, household income BDT 20,000-40,000 monthly, and per capita retail spend USD 500 yearly, emphasizing essentials. In Chattogram's 5-7% growing retail market, it holds steady position for value shopping amid population growth. Leasing benefits feature flexible 3-5 year terms, stable local traffic, and transport proximity (railway <1 km, buses to center 20-30 minutes).

Challenges involve limited entertainment capping dwell time, e-commerce rivalry, category saturation, environmental vulnerabilities like monsoons and flooding, aging facilities, and moderate security with 5 crime incidents per 1,000 visitors.

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Hours of Operation

Hours

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Monday10:00 AM — 09:00 PM
Tuesday10:00 AM — 09:00 PM
Wednesday10:00 AM — 09:00 PM
Thursday10:00 AM — 09:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday11:00 AM — 06:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

Port Connecting Road, Block L, Halishahar, Chattogram, Bangladesh

Insights

Demographic Profile

Primary catchment within 5 km serves 200,000 residents with 1.1% annual growth, median age 28, household size 4.24, 20% tertiary education, and median income USD 4,000 yearly. Spending prioritizes groceries at USD 300 per capita and apparel at USD 64, bolstering essential retail performance. Unemployment at 4.7% and low cost of living index (40 vs. NY=100) sustain demand for value items, though limit discretionary categories like electronics (USD 61 per capita). Diverse middle-class of young families and port workers ensures consistent weekday patronage, supporting 5% projected footfall growth.

Competition and Market Risks

Medium competitor density includes larger sites like Chittagong Shopping Mall attracting premium traffic, plus high e-commerce impact with 50% internet penetration and low click-and-collect use. Basic retail saturation persists in Chattogram's 5-7% annual sector expansion, driven by EPZ and influx. Risks encompass coastal flooding and monsoons disrupting access and chains, alongside inflation curbing spending. High 88% occupancy signals demand for budget spaces, but underrepresented electronics and absence of expansions heighten vulnerability for non-essential tenants.

Accessibility and Infrastructure

Proximity to Halishahar Railway Station (<1 km), bus routes to Agrabad/Patenga, and Port Link Road enables 20-30 minute city access, with 100 parking spots aiding 5,000-10,000 daily visitors. Pedestrian and public transport flows are robust from dense housing. Congestion, seasonal waterlogging, and salinity challenge reliability, while 1995 build shows aging elements needing upkeep. Moderate operations include guards, CCTV for low crime (5 incidents/1,000 visitors), and seasonal promotions, with low digital adoption potentially hindering modern retail efficiency.

Building Details

Property Type
Neighborhood
Gross Leasable Area
8000
Year Built
1995
Parking Spaces
100
Average Monthly Footfall
41,667
Owner
Private Local Owners
Anchor Tenants
Local Supermarket, Aarong Outlet

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
10 km
Catchment area population
200,000 People
Population growth rate
1.1 %
Median age
28 Years
Household size
4.24 Persons
Education level (tertiary)
20.0 %

Median household income
4,000 USD per year
Unemployment rate
4.7 %
Cost of living index
40 Index (NY=100)

Retail spending per capita
500 USD per year
Spending on apparel
64 USD per capita
Spending on groceries
300 USD per capita
Spending on electronics
61 USD per capita

Annual foot traffic
500,000 Visitors
Dwell time
60 Minutes
Conversion rate
20.0 %
Sales per square meter
1,000 USD

Number of retail stores
50 Stores
Anchor tenant presence
Yes
Competitor density (same category)
Medium
Tenant diversity
Medium
Unique Concepts
Local brands

Gross Leasable Area
8,000 sqm
Number of Levels
3 Levels
Average rent per square meter
1.5 USD per month
Vacancy rate
10.0 %
Lease term flexibility
Medium
Available retail space
5.0 %

Proximity to main roads
High
Public transport access
Good
Parking spaces
100 Spaces
Pedestrian traffic
High

E-commerce competition
High
Click-and-collect adoption
Low %
Internet penetration
50.0 %

Retail crime rate
5 Incidents per 1000 visitors
Security measures
Guards and CCTV

Promotional events
Seasonal
Loyalty program penetration
Low %
Digital signage presence
Some

Projected foot traffic growth
5.0 %
New tenant pipeline
Yes
Mall expansion plans
nan
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Chattogram

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Top retail destinations across Bangladesh.

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Chattogram

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