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High-End Flagship StoresDesigner BoutiquesPremium Dining & LifestyleInternational ChainsSpecialty Retail

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Discount RetailValue PositioningMass Market

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Park Tower is a prominent retail hub located in the heart of Karachi, offering a range of high-end shopping experiences. It features a variety of international and local brands, dining options, and entertainment facilities. With a modern design and strategic location, it attracts both shoppers and tourists alike. The mall is known for its upscale atmosphere and diverse retail offerings, making it a key destination for retail business growth.

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Hours of Operation

Hours

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Monday11:00 AM — 08:00 PM
Tuesday11:00 AM — 08:00 PM
Wednesday11:00 AM — 08:00 PM
Thursday11:00 AM — 08:00 PM
Friday03:00 PM — 08:00 PM
Saturday11:00 AM — 08:00 PM
Sunday11:00 AM — 08:00 PM
Holiday Hours

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

Shahrah-e-Firdousi, Karachi, Pakistan

Insights

Strategic Location

Park Tower is strategically situated in Karachi, easily accessible for both local and international visitors, enhancing foot traffic and potential sales.

High-End Retail Mix

The mall houses a premium mix of international and local brands, appealing to a wide range of shoppers and offering opportunities for high-value retail partnerships.

Increased Foot Traffic

With its proximity to business districts and tourist attractions, Park Tower consistently experiences high foot traffic, making it an ideal location for retail growth.

Building Details

Property Type
Community
Gross Leasable Area
30,000
Year Built
2012
Parking Spaces
1000
Average Monthly Footfall
208,333
Owner
Park Towers Shopping Mall
Anchor Tenants
The Body Shop, Breakout, EBH, Durvesh Computers

Detailed Market Analytics

Primary Catchment Area
5 Kilometers
Secondary Catchment Area
15 Kilometers
Catchment area population
800,000 People
Population growth rate
2.0 %
Median age
28 Years
Household size
5.5 People
Education level (tertiary)
25.0 %

Median household income
600,000 PKR
Unemployment rate
6.5 %
Cost of living index
65 Index

Retail spending per capita
20,000 PKR
Spending on apparel
5,000 PKR
Spending on groceries
8,000 PKR
Spending on electronics
3,000 PKR

Annual foot traffic
2,500,000 Visitors
Dwell time
90 Minutes
Conversion rate
30.0 %
Sales per square meter
150,000 PKR

Number of retail stores
150 Stores
Anchor tenant presence
Yes
Competitor density (same category)
5 Malls
Tenant diversity
60.0 %
Unique Concepts
10 Stores

Gross Leasable Area
30,000 Square Meters
Number of Levels
3 Levels
Average rent per square meter
2,500 PKR
Vacancy rate
10.0 %
Lease term flexibility
Moderate
Available retail space
3,000 Square Meters

Proximity to main roads
0.5 Kilometers
Public transport access
Yes
Parking spaces
1,000 Spaces
Pedestrian traffic
High

E-commerce competition
Moderate
Click-and-collect adoption
20.0 %
Internet penetration
45.0 %

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
8 Stores
Mall expansion plans
No
City Snapshot
Karachi

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City Snapshot
Karachi

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