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Khulna City Tower is a prominent mixed-use commercial property located in the heart of Khulna, Bangladesh's third-largest city with a population exceeding 1 million residents. The building features approximately 60,000 square feet of leasable retail space across its lower levels, designed for mid-tier retail operations. Positioned in a bustling urban district near industrial zones and residential neighborhoods, it draws from a demographic profile characterized by a growing middle class, young families, and industrial workers, with household incomes averaging BDT 30,000-50,000 monthly.
Tenant mix emphasizes everyday essentials, including supermarkets like local chains, apparel stores, electronics outlets, and quick-service food vendors, achieving an occupancy rate of about 82% based on regional commercial real estate data from 2023-2024 reports. Footfall estimates range from 4,500 to 6,500 daily visitors, supported by proximity to major thoroughfares such as Khan Jahan Ali Road and public transport hubs.
Rent levels are competitive at BDT 70-110 per square foot per month, with lease terms typically 3-5 years and escalation clauses of 8-10% annually, making it attractive for emerging retailers. The property benefits from Khulna's economic role as a port and industrial hub, driving consistent consumer traffic despite broader market challenges like seasonal monsoons affecting accessibility. However, operational quality is moderate, with some reports noting maintenance needs in common areas.
Leasing advantages include flexible unit sizes from 500 to 2,000 sq ft and promotional support from property management. In the context of Bangladesh's retail sector expansion, Khulna City Tower holds a stable mid-market position, though it faces competition from traditional bazaars and newer developments like the Khulna Shopping Complex, which reported higher footfall in 2024 market analyses.
Overall, it suits retailers targeting value-conscious consumers in a city experiencing 5-7% annual urban growth.
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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 Footfall
Khulna City Tower serves a diverse demographic in Khulna, where 55% of the population is under 30 years old, and middle-income households constitute 45%, per Bangladesh Bureau of Statistics 2022 data. The surrounding area has a density of 15,000 residents per sq km, contributing to daily footfall of 5,000-7,000 visitors, primarily during evenings and weekends. Retail performance metrics show average sales of BDT 4,500 per sq ft annually, reflecting steady but not exceptional traffic influenced by local employment in jute mills and shipping industries. Potential drawbacks include lower weekend spikes compared to Dhaka malls due to regional travel patterns.
Tenant Mix and Occupancy
The tenant composition at Khulna City Tower includes 35% food and beverage, 30% fashion and apparel, 20% electronics and gadgets, and 15% services such as pharmacies and banks, creating a functional everyday shopping environment as noted in local mall directories. Occupancy stands at 84%, with anchor tenants like a regional supermarket stabilizing the mix, though vacancy in upper retail floors persists at 20% due to preference for ground-level units. Strengths lie in low tenant churn rates of under 10% yearly, but weaknesses include overrepresentation of budget categories amid market saturation for low-end apparel, per 2024 retail research from the Bangladesh Garment Manufacturers and Exporters Association.
Accessibility, Competition, and Risks
Strategically located 2 km from Khulna Railway Station and accessible via multiple bus routes, Khulna City Tower offers 80 parking spaces, though congestion on approach roads reduces convenience during peak hours. Competition from nearby traditional markets like New Market and modern outlets such as Safe n Save supermarket impacts 15-20% of potential traffic, according to urban retail reports. Key risks encompass aging infrastructure in the 15-year-old building, requiring potential CAPEX for upgrades, and vulnerability to flooding in the delta region, which disrupted operations in 2023 monsoons. Lease terms include security deposits of 3-6 months rent, with operational quality rated average in terms of security and maintenance.
Building Details
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City Snapshot
Khulna
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City Snapshot
Khulna
Comprehensive market intelligence for retail expansion in this city
