Riyadh's retail property market is a lively and evolving landscape, offering a variety of opportunities for savvy financiers. Based on the detailed benchmarking report, here are some essential dynamics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a large variety of residential or commercial property sizes, from massive shopping malls like Granada Center Mall with a Gross Leasable Area (GLA) of roughly 100,000 m TWO, to smaller retail centers like Boulevard Mall, boasting a GLA of around 8,000 m ². This diversity deals with a broad spectrum of customer requirements and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single location but are spread out across the city. This circulation enables a diverse financial investment method, targeting different demographics and socio-economic sections.
Growth Prospects: The retail sector in Riyadh is growing, driven by elements such as increasing population, urbanization, and a shift in customer spending routines. This growth trajectory recommends a promising future for retail financial investments in the region.
Quality and Standards: The chosen residential or commercial properties for the study are kept in mind for their high requirements and quality renters. This aspect is essential as it influences foot traffic, renter retention, and general residential or commercial property worth.
Catchment Areas

Catchment locations are a critical aspect of retail genuine estate, especially for shopping malls, as they straight influence the potential success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these locations is important for financiers.

Here's what the report reveals about catchment locations:

- Definition and Importance: A catchment location is the geographic area from which a shopping mall or retail center draws its clients. It's significant due to the fact that it affects foot traffic, sales potential, and ultimately, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping center stands out with its catchment area covering a remarkable 40.5% of Riyadh's population. This high portion suggests its considerable effect and reach within the city.
- Al Nakheel Mall: With a catchment area that includes 35% of the city's population, Al Nakheel Mall is another crucial gamer in Riyadh's retail landscape. Its substantial protection demonstrates its importance as a retail location.
- Riyadh Park Mall: This mall has a catchment that consists of 32.1% of Riyadh's population, marking it as a significant attraction in the city's retail sector.
- Captive Population: Looking deeper into the numbers, Granada Center Mall has the greatest share of a captive population, totaling up to 23.8% of Riyadh's overall population. This indicates a strong loyal consumer base that primarily frequents this shopping center over others.
Quotation from the Report:

- "The Granada Center Mall covers 40.5% of the population."
- "Al Nakheel Mall covers 35% of the population followed by Riyadh Park Mall with 32.1% coverage."
- "The Granada Center Mall has the greatest share of captive population of Riyadh City with 23.8%.".
Lease Rates and Occupancy Trends

In the Riyadh retail property market, comprehending lease rates and occupancy trends is crucial for making informed investment decisions.

- Granada Center Mall: As of August 2022, this shopping mall, being among the biggest in Riyadh, shows a tenancy rate of 64%. It is very important to keep in mind that some parts of the mall were under renovation at the time, which may have impacted this figure.
- Riyadh Park Mall: This shopping center, currently the largest in regards to Gross Leasable Area, has an outstanding tenancy rate of 91.2%, showing high renter retention and constant customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping mall stands as another essential player in the market, showing a strong and stable occupant base.
- Al Nakheel Mall: This residential or commercial property, important to the Arabian Center Group, reported an occupancy rate of 82.0%, showcasing its robust standing in the market.
- Lease Rates: While specific figures for lease rates per m two annually aren't offered each shopping mall, the report indicates that all the shopping malls consisted of follow a similar pricing structure. This uniformity suggests a market standard, which can be a crucial aspect for investors when examining the potential return on financial investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second largest shopping center in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another big mall in Riyadh. The occupancy is very good at 93.3%." [Riyadh Gallery Mall]
- "A key residential or commercial property for the Arabian Center Group (Al Hukair Group)." [Al Nakheel Mall]
Investment Opportunities: Case Studies

Case Study 1: Riyadh Park Mall

Riyadh Park Mall stands as a shining example of a successful retail financial investment in Riyadh's bustling market. Here's an in-depth take a look at its characteristics, making it a noteworthy case study:

- Location and Area: Situated on Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal, Riyadh Park Mall is strategically located. It boasts an acreage of 139,118 m TWO, providing ample area for a varied variety of retail and home entertainment choices.
- Size and Structure: The mall includes an overall built-up area of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m TWO. This substantial size is dispersed throughout three floors, offering a vast variety of leasing alternatives.
- Leasable Area Distribution: The leasable area is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m TWO
  . -Basement: 3,103 m TWO
  . -This distribution allows for a diverse mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial variety of anchor stores, even more enhancing its appeal. The variety in its tenant mix accommodates a broad spectrum of consumer preferences.
  - Occupancy Rates: As of August 2022, the mall had a high tenancy rate of 91.2%. This is a sign of its appeal amongst sellers and customers alike, suggesting a consistent stream of foot traffic and constant earnings generation.
  - Investment Appeal: Given its tactical location, substantial GLA, diverse renter mix, and high tenancy rate, Riyadh Park Mall represents a robust investment opportunity. Its success aspects act as a guide for what financiers ought to search for in potential retail residential or commercial property investments in Riyadh.
  Quotation from the Report:
  
  - "Address: Parcel No 418, Riyadh Park Mall, Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal".
  - "Acreage: 139,118 m2".
  - "Total Built-up Area: 241,220 m2".
  - "Gross Leasable Area: 105,290 m2".
  - "Occupancy (Aug 2022): 91.2%".
  Case Study 2: Granada Center Mall
  
  Granada Center Mall, a popular retail location in Riyadh, provides important insights into the city's retail real estate market. Let's explore why it stands as a significant case research study for potential investors:
  
  - Prime Location: The mall lies in Dammam, Ash Shohda, Ar Rawdah, tactically placed to attract a large consumer base.
  - Extensive Area: Covering an acreage of 421,330 m ², Granada Center Mall is one of the in Riyadh. It has an overall built-up location of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The mall's substantial leasable area is attentively dispersed over 2 floors, boosting the shopping experience. The floor-wise circulation is as follows:.
  
• First Floor: 60,027 m ²
  . -Ground Floor: 42,052 m ²
  . -Tenant Diversity: The shopping mall hosts a variety of renters, including regional and global brands, which deals with a broad market, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partially under remodelling, the shopping mall maintained a 64% occupancy rate as of August 2022. This figure is likely to improve post-renovation, making it an appealing possibility for future development.
  - Investment Potential: Granada Center Mall's size, place, and renter mix position it as a strong contender in Riyadh's retail market. Its large GLA and remodelling plans signal potential for worth appreciation, making it an appealing alternative for investors.
  Quotation from the Report:
  
  - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
  - "Land Area: 421,330 m ² ".-" Total Built-up Area: 318,064 m ² ".-" Gross Leasable Area: 102,080 m ² ".-" Occupancy (Aug 2022): 64% (some parts of the shopping mall under remodelling)".
  Case Study 3: Al Nakheel Mall
  auctions.com
  Al Nakheel Mall, a crucial retail residential or commercial property in Riyadh, emerges as an intriguing case study for financiers. Here's a detailed exploration of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping mall advantages from its position in a populated and wealthy area of Riyadh.
  - Substantial Size and Offering: The mall covers an acreage of 238,769 m ² with a total built-up area of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m TWO. This substantial size assists in a diverse variety of retail and leisure offerings.
  - Leasable Area Distribution Across Floors:.
  
• Second Floor: 20,767 m ²
  . -First Floor: 58,463 m TWO
  . Ground Floor: 2,091 m ²- This circulation caters to various retail and leisure experiences, interesting a large customer base.
  
• Tenant Diversity: Al Nakheel Mall's occupant mix includes a series of regional and worldwide brand names, attracting a diverse group of buyers and guaranteeing steady tramp.
  - Occupancy and Investment Potential: As of August 2022, the mall reported a tenancy rate of 82.0%. This fairly high tenancy rate, integrated with its size and location, marks Al Nakheel Mall as an appealing investment opportunity in the Riyadh retail market.
  - Additional Considerations: The shopping mall is part of the Arabian Center Group, contributing to its credibility and appeal. Its large GLA and diverse occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.