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Yunus Centre, located at 809 CDA Avenue, GEC Circle in Chattogram (formerly Chittagong), Bangladesh, is an established shopping mall opened in 2008. It serves as a mid-tier retail destination in the citys commercial hub, spanning multiple floors with a focus on branded apparel, footwear, electronics, mobile accessories, and fashion items. The tenant mix includes local and international brands such as R ONE for IT and laptops, Diamond World for jewelry, Monisha Fashion for readymade garments, and various electronics and mobile shops, creating a diverse offering for everyday shopping needs.
Positioned in a densely populated area with good connectivity via major roads and proximity to government offices and educational institutions, it benefits from steady footfall from middle-class residents, port workers, and business professionals.
Occupancy rates appear high based on active tenant presence and positive reviews averaging 4.8 stars from over 30 ratings, indicating reliable operational quality.
Rent levels in similar Chattogram malls range from 50 to 100 BDT per square foot monthly, offering competitive leasing for small to medium retailers.
Accessibility is strong with ample parking and public transport links, though traffic congestion in peak hours poses challenges. The malls market position is solid amid growing retail sector in Chattogram, driven by urbanization and rising disposable incomes, but faces competition from newer developments.
Leasing advantages include flexible terms for anchor tenants and promotional events like seasonal sales, enhancing visibility. Potential drawbacks involve aging infrastructure from its 16-year operation and saturation in electronics categories.
Overall, it provides balanced opportunities for retailers targeting local demographics with moderate risks from regional economic fluctuations.
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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 | Closed |
| Friday | 10:00 AM — 09:00 PM |
| Saturday | 10:00 AM — 09:00 PM |
| Sunday | 10:00 AM — 09:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Footfall
Yunus Centre draws from Chattograms diverse urban population of approximately 5 million, with a core catchment of middle-income families, young professionals, and students in the GEC area. Demographic profile features a median age of 28, high literacy rates over 75%, and growing consumer spending on fashion and tech gadgets, per Bangladesh Bureau of Statistics data. Estimated footfall averages 5,000-10,000 visitors daily on weekends, supported by its central location, though weekdays see lower traffic around 2,000-4,000. This supports stable sales for apparel and electronics but highlights need for targeted marketing to boost mid-week visits amid competition from street markets.
Competition and Market Saturation
The mall operates in a competitive Chattogram retail landscape with rivals like Sanmar Ocean City (launched 2006) and emerging complexes in Agrabad. While Yunus Centre maintains a niche in affordable branded goods, saturation in electronics and mobile categories risks diluting tenant performance, as noted in local commercial reports. Strengths include loyal local patronage and lower rents compared to premium malls (up to 20% less), but weaknesses arise from limited high-end anchors, potentially capping luxury retail appeal. Retailers should assess category overlap, with food and beverage underrepresented offering growth potential despite overall market growth of 8-10% annually per industry insights.
Accessibility and Operational Quality
Situated on CDA Avenue, Yunus Centre offers good accessibility via bus routes, rickshaws, and private vehicles, with on-site parking for 100+ cars easing shopper convenience. Proximity to GEC More circle reduces travel time from city center to 10-15 minutes. Operational quality is adequate with air-conditioned spaces and security, though some reviews mention maintenance issues in older sections. Risks include urban traffic jams affecting peak-hour access and potential infrastructure upgrades needed for long-term appeal. Lease terms typically span 3-5 years with escalation clauses of 5-7% annually, providing stability but requiring negotiation on fit-out allowances to mitigate setup costs for new tenants.
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Chattogram
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Chattogram
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