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Millennium Mall is located in the bustling city of Karachi and is one of the largest shopping centers in the area.

The mall spans across a large area, offering a wide variety of retail shops, food courts, and entertainment options. With a modern architecture and several anchor tenants, it draws significant foot traffic. However, the area surrounding the mall has seen increased congestion in recent years, which might affect accessibility during peak hours. Despite this, the mall is known for a strong security presence, and there have been consistent efforts to maintain cleanliness and customer service standards.

This provides a favorable shopping environment, but the urban challenges of traffic and parking may deter some shoppers. The mall's location is prime for attracting a diverse consumer base, but leasees should prepare for potential operational inconveniences related to heavy traffic.

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Hours of Operation

Hours

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Monday11:00 AM — 10:30 PM
Tuesday11:00 AM — 10:30 PM
Wednesday11:00 AM — 10:30 PM
Thursday11:00 AM — 10:30 PM
Friday03:00 PM — 10:30 PM
Saturday11:00 AM — 10:30 PM
Sunday03:00 PM — 10:30 PM
Holiday Hours

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

118 F-1 Main, Rashid Minhas Rd, Karachi, Pakistan

Insights

Retail Traffic Trends

Millennium Mall experiences consistently high foot traffic, particularly on weekends and during festive seasons, due to its strategic location and anchor tenants.

Competition in the Area

The mall faces significant competition from nearby retail spaces offering similar experiences, which could impact individual store performance depending on the market segment.

Accessibility and Parking

The surrounding traffic congestion can make it difficult for customers to reach the mall, especially during rush hours, which could impact retailer visibility and sales during peak times.

Building Details

Property Type
Regional
Gross Leasable Area
30,000
Year Built
2011
Parking Spaces
800
Average Monthly Footfall
291,667
Owner
Millenium Mall
Anchor Tenants
KFC, Pizza Hut, Mega Multiplex Cinema

Detailed Market Analytics

Primary Catchment Area
5 Kilometers
Secondary Catchment Area
15 Kilometers
Catchment area population
1,200,000 People
Population growth rate
2.5 %
Median age
28 Years
Household size
5.8 People
Education level (tertiary)
25.0 %

Median household income
36,000 USD
Unemployment rate
5.5 %
Cost of living index
55 Index

Retail spending per capita
1,200 USD
Spending on apparel
300 USD
Spending on groceries
500 USD
Spending on electronics
200 USD

Annual foot traffic
3,500,000 Visitors
Dwell time
90 Minutes
Conversion rate
20.0 %
Sales per square meter
2,500 USD

Number of retail stores
100 Stores
Anchor tenant presence
Yes
Competitor density (same category)
8 Stores
Tenant diversity
70.0 %
Unique Concepts
5 Stores

Gross Leasable Area
30,000 Square meters
Number of Levels
3 Levels
Average rent per square meter
25 USD
Vacancy rate
10.0 %
Lease term flexibility
Medium
Available retail space
3,000 Square meters

Proximity to main roads
0.5 Kilometers
Public transport access
Yes
Parking spaces
800 Spaces
Pedestrian traffic
High

E-commerce competition
Moderate
Click-and-collect adoption
30.0 %
Internet penetration
65.0 %

Retail crime rate
Low
Security measures
High

Promotional events
12 Events
Loyalty program penetration
25.0 %
Digital signage presence
Yes

Projected foot traffic growth
5.0 %
New tenant pipeline
10 Stores
Mall expansion plans
No
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Karachi

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