Riyadh's retail property market is a lively and developing landscape, using a huge selection of chances for savvy investors. Based on the comprehensive benchmarking report, here are some key dynamics forming this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a broad variety of residential or commercial property sizes, from massive shopping malls like Granada Center Mall with a Gross Leasable Area (GLA) of approximately 100,000 m ², to smaller sized retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety caters to a broad spectrum of customer requirements and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single area but are spread out across the city. This circulation permits a different investment method, targeting various demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by aspects such as increasing population, urbanization, and a shift in consumer spending habits. This development trajectory recommends a promising future for retail investments in the region.
Quality and Standards: The selected residential or commercial properties for the research study are kept in mind for their high standards and quality renters. This element is vital as it influences foot traffic, tenant retention, and total residential or commercial property value.
Catchment Areas

Catchment areas are a vital element of retail genuine estate, particularly for shopping centers, as they directly influence the possible success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these locations is important for financiers.
cs-construction.net
Here's what the report exposes about catchment locations:

- Definition and Importance: A catchment location is the geographical location from which a shopping mall or retail center draws its consumers. It's significant because it affects foot traffic, sales potential, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping mall sticks out with its catchment location covering an impressive 40.5% of Riyadh's population. This high portion shows its considerable effect and reach within the city.
- Al Nakheel Mall: With a catchment area that encompasses 35% of the city's population, Al Nakheel Mall is another crucial gamer in Riyadh's retail landscape. Its substantial coverage shows its value as a retail destination.
- Riyadh Park Mall: This shopping 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 highest share of a captive population, totaling up to 23.8% of Riyadh's overall population. This indicates a strong loyal client base that predominantly frequents this shopping mall 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% protection."
- "The Granada Center Mall has the highest share of captive population of Riyadh City with 23.8%.".
Lease Rates and Occupancy Trends

In the Riyadh retail realty market, comprehending lease rates and occupancy patterns is important for making educated financial investment decisions.

- Granada Center Mall: Since August 2022, this shopping center, being one of the largest in Riyadh, shows an occupancy rate of 64%. It is essential to keep in mind that some parts of the mall were under renovation at the time, which may have affected this figure.
- Riyadh Park Mall: This mall, currently the largest in terms of Gross Leasable Area, has a remarkable tenancy rate of 91.2%, showing high occupant retention and constant customer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping center stands as another essential gamer in the market, showing a strong and steady renter base.
- Al Nakheel Mall: This residential or commercial property, integral 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 per year aren't offered each shopping mall, the report suggests that all the malls included follow a similar prices structure. This uniformity suggests a market standard, which can be a critical element for financiers when evaluating the possible return on investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd largest shopping center in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping mall in Riyadh. The tenancy is excellent at 93.3%." [Riyadh Gallery Mall]
- "A crucial 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 investment in Riyadh's bustling market. Here's an in-depth appearance at its qualities, making it a notable case research study:

- Location and Area: Situated on Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal, Riyadh Park Mall is tactically located. It boasts a land area of 139,118 m TWO, offering sufficient space for a varied variety of retail and home entertainment alternatives.
- Size and Structure: The mall includes a total 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 choices.
- Leasable Area Distribution: The leasable location is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m TWO
  . -Basement: 3,103 m ²
  . -This distribution allows for a different mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial number of anchor shops, further enhancing its appeal. The diversity in its tenant mix caters to a of consumer choices.
  - Occupancy Rates: Since August 2022, the mall had a high occupancy rate of 91.2%. This is a sign of its popularity amongst merchants and customers alike, suggesting a stable stream of foot traffic and consistent profits generation.
  - Investment Appeal: Given its tactical location, large GLA, diverse occupant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment opportunity. Its success factors serve as a guide for what investors should look 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 prominent retail destination in Riyadh, offers important insights into the city's retail realty market. Let's check out why it stands as a substantial case study for prospective financiers:
  
  - Prime Location: The shopping center lies in Dammam, Ash Shohda, Ar Rawdah, tactically positioned to bring in a broad consumer base.
  - Extensive Area: Covering a land area of 421,330 m TWO, Granada Center Mall is one of the biggest in Riyadh. It has a total built-up location of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m TWO
  . -Leasable Area and Structure: The shopping mall's comprehensive leasable location is attentively distributed over 2 floors, boosting the shopping experience. The floor-wise circulation is as follows:.
  
• First Floor: 60,027 m TWO
  . -Ground Floor: 42,052 m TWO
  . -Tenant Diversity: The shopping mall hosts a range of renters, consisting of regional and worldwide brand names, which deals with a broad group, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partly under remodelling, the shopping center maintained a 64% tenancy rate since August 2022. This figure is most likely to enhance post-renovation, making it an appealing prospect for future development.
  - Investment Potential: Granada Center Mall's size, location, and occupant mix position it as a strong competitor in Riyadh's retail market. Its big GLA and restoration strategies signal potential for worth gratitude, making it an enticing alternative for financiers.
  Quotation from the Report:
  
  - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
  - "Acreage: 421,330 m ² ".-" Total Built-up Area: 318,064 m TWO ".-" Gross Leasable Area: 102,080 m TWO ".-" Occupancy (Aug 2022): 64% (some parts of the shopping mall under restoration)".
  Case Study 3: Al Nakheel Mall
  mlpconstructionllc.com
  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, provides itself as an appealing case study for financiers. Here's a detailed expedition of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall gain from its position in a populous and upscale area of Riyadh.
  - Substantial Size and Offering: The mall covers a land location of 238,769 m two with an overall built-up location of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m TWO. This substantial size facilitates a varied variety of retail and leisure offerings.
  - Leasable Area Distribution Across Floors:.
  
• Second Floor: 20,767 m TWO
  . -First Floor: 58,463 m ²
  . Ground Floor: 2,091 m TWO- This circulation caters to different retail and leisure experiences, interesting a large customer base.
  
• Tenant Diversity: Al Nakheel Mall's tenant mix consists of a series of local and worldwide brand names, bring in a diverse group of buyers and making sure consistent step.
  - Occupancy and Investment Potential: Since August 2022, the shopping mall reported a tenancy rate of 82.0%. This relatively high occupancy rate, combined with its size and area, marks Al Nakheel Mall as an appealing financial investment opportunity in the Riyadh retail market.
  - Additional Considerations: The shopping mall is part of the Arabian Center Group, contributing to its reliability and appeal. Its large GLA and varied renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.