TO LET IN MOTIJHEEL": DISCOVERING RENTAL SPACES IN DHAKA'S CENTRAL BUSINESS DISTRICT

To Let in Motijheel": Discovering Rental Spaces in Dhaka's Central Business District

To Let in Motijheel": Discovering Rental Spaces in Dhaka's Central Business District

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Motijheel, often synonymous with Dhaka's Central Business District (CBD), is the historical and financial heart of Bangladesh. Characterized by its towering office buildings, banking institutions, corporate headquarters, and government ministries, "to let" (rental) properties in Motijheel primarily cater to commercial entities and professionals seeking strategic locations for business operations. Residential options are less common but exist, often for those desiring proximity to work.



Why Motijheel is a Prime Rental Location


Motijheel's unique appeal as a rental destination is defined by:




  • Financial and Commercial Hub: It is the core of Bangladesh's financial sector, housing the Bangladesh Bank, Dhaka Stock Exchange, and numerous head offices of commercial banks, insurance companies, and corporations. This drives immense demand for commercial spaces.

  • Strategic Centrality: Motijheel offers unparalleled connectivity to almost all parts of Dhaka. Its extensive bus routes and proximity to railway stations make it highly accessible for employees and clients.

  • Government Presence: Many key government ministries and offices are located here, leading to demand for official spaces and accommodation for civil servants.

  • Established Infrastructure: As an older, well-developed area, Motijheel has robust infrastructure, including reliable utilities and wide main roads (though often congested).

  • Iconic Status: Being the traditional CBD, having an office address in Motijheel carries significant prestige for many businesses.


Types of "To Let" Properties in Motijheel


The "to let" market in Motijheel is predominantly commercial:




  • Commercial Office Spaces: This is the dominant category. You'll find:

    • Small Offices: Suitable for startups, branch offices, or individual professionals (e.g., lawyers, consultants).

    • Medium to Large Offices: Entire floors or significant portions of office buildings for corporate headquarters, banks, and large institutions.

    • Grade A/B Office Buildings: Modern buildings with amenities like high-speed lifts, centralized AC, professional security, and ample parking are highly sought after.



  • Shops/Showrooms: Available on ground floors of office buildings or in specific commercial complexes.

  • Residential Apartments/Flats: While limited, some residential options exist, especially in older buildings or specific lanes. These cater to individuals or families who prioritize living within walking distance of their workplace in the CBD. These are generally 2-3 bedroom units.

  • Bank Branches/ATM Booths: Prime locations are often available for rent for banking services.


Average Rental Prices in Motijheel (Approximate, as of June 2025)


Rental prices in Motijheel, particularly for commercial spaces, are among the highest in Dhaka, reflecting its prime location and business importance. Prices vary significantly based on: building grade (A, B, C), floor level, size, amenities, and direct road frontage.




  • Commercial Office Space (per sq. ft.): BDT 50 - BDT 150+ per sq. ft. per month. Prime locations in modern high-rises can command significantly higher rates.

    • A 1000 sq ft office space could range from BDT 50,000 to BDT 1,50,000+ per month.



  • Residential 2-Bedroom Flat: BDT 18,000 - BDT 30,000 per month (less common).

  • Residential 3-Bedroom Flat: BDT 25,000 - BDT 45,000+ per month (less common).

    • Service charges for both commercial and residential properties are usually additional.




Where to Find "To Let" Properties in Motijheel



  1. Online Property Portals: These are highly efficient tools for finding both commercial and limited residential rentals in Motijheel.

    • Bproperty.com: Offers numerous listings for office spaces and some residential units in Motijheel, with detailed information, photos, and professional services.

    • Bikroy.com: A popular platform where landlords and agents post various "to let" ads.

    • TheToLet.com / Tolet BD (toletbd.app): Specialized rental platforms that may have specific listings for Motijheel.

    • BD Housing / Aabason.com / Jiji.com.bd: Other good options for finding rental listings.



  2. Commercial Real Estate Agencies: Many specialized real estate agencies focus solely on commercial properties in Dhaka's CBD. They have extensive networks and knowledge of available office spaces.

  3. Building Management Offices: For larger office buildings, directly contacting the building management or administration office can yield information on available units.

  4. Physical "To Let" Signs: While less common for prime office spaces (which are often managed by agencies), you might still see "to let" signs for smaller shops or older residential units.

  5. Professional Networks: For businesses, leveraging professional networks (e.g., chamber of commerce, industry associations) can provide leads.


When searching for a "to let" property in Motijheel, especially for commercial use, be prepared for high prices and potentially long-term lease agreements. It's crucial to visit the property in person, verify all details, understand service charges and utility arrangements, and thoroughly review the lease agreement with legal counsel before making a commitment. Motijheel remains the undisputed heart of business in Bangladesh.

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