Riyadh's retail realty market is a dynamic and progressing landscape, providing a wide variety of chances for smart investors. Based on the thorough benchmarking report, here are some key dynamics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a wide variety of residential or commercial property sizes, from large-scale shopping malls like Granada Center Mall with a Gross Leasable Area (GLA) of around 100,000 m ², to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This diversity caters to a broad spectrum of consumer requirements and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single area but are spread out throughout the city. This circulation allows for a varied financial investment technique, targeting various demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by factors such as increasing population, urbanization, and a shift in customer costs practices. This growth trajectory suggests an appealing future for retail financial investments in the region.
Quality and Standards: The chosen residential or commercial properties for the study are noted for their high requirements and quality renters. This element is important as it affects foot traffic, occupant retention, and total residential or commercial property value.
Catchment Areas

Catchment areas are a crucial element of retail realty, particularly for shopping malls, as they directly affect the possible success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is important for investors.

Here's what the report exposes about catchment locations:

- Definition and Importance: A catchment location is the geographical area from which a shopping mall or retail center draws its clients. It's significant since it impacts foot traffic, sales capacity, and ultimately, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping center stands apart with its catchment area covering an exceptional 40.5% of Riyadh's population. This high percentage indicates 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 key gamer in Riyadh's retail landscape. Its substantial protection demonstrates its value as a retail destination.
- Riyadh Park Mall: This mall has a catchment that includes 32.1% of Riyadh's population, marking it as a significant tourist 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, amounting to 23.8% of Riyadh's overall population. This shows a strong devoted 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 greatest share of captive population of Riyadh City with 23.8%.".
Lease Rates and Occupancy Trends

In the Riyadh retail real estate market, comprehending lease rates and tenancy patterns is essential for making educated investment decisions.
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- Granada Center Mall: Since August 2022, this mall, being among the largest in Riyadh, reveals an occupancy rate of 64%. It is necessary to keep in mind that some parts of the shopping center were under renovation at the time, which might have affected this figure.
- Riyadh Park Mall: This shopping mall, presently the largest in terms of Gross Leasable Area, has an excellent occupancy rate of 91.2%, showing high renter retention and constant customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping center stands as another in the market, showing a strong and steady occupant base.
- Al Nakheel Mall: This residential or commercial property, important to the Arabian Center Group, reported a tenancy rate of 82.0%, showcasing its robust standing in the market.
- Lease Rates: While specific figures for lease rates per m ² per year aren't attended to each shopping center, the report indicates that all the shopping centers included follow a comparable prices structure. This uniformity suggests a market standard, which can be a crucial element for investors when evaluating the possible roi.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd biggest shopping mall in Riyadh based on the Gross Leasable Area." [Granada Center Mall]
- "Another large mall in Riyadh. The occupancy is excellent at 93.3%." [Riyadh Gallery Mall]
- "An essential 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 busy market. Here's a thorough take a look at its attributes, 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 tactically situated. It boasts a land location of 139,118 m TWO, providing adequate area for a varied range of retail and entertainment options.
- Size and Structure: The mall includes an overall built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This considerable size is distributed across three floors, providing a large selection of leasing choices.
- Leasable Area Distribution: The leasable area is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m ²
  . -Basement: 3,103 m TWO
  . -This circulation enables for a different mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant number of anchor stores, further boosting its appeal. The diversity in its renter mix accommodates a broad spectrum of customer choices.
  - Occupancy Rates: Since August 2022, the shopping mall had a high tenancy rate of 91.2%. This is indicative of its popularity amongst sellers and customers alike, suggesting a constant stream of foot traffic and constant income generation.
  - Investment Appeal: Given its strategic area, substantial GLA, varied renter mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment opportunity. Its success elements act as a guide for what investors must try to find in possible 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 location in Riyadh, provides important insights into the city's retail realty market. Let's check out why it stands as a considerable case research study for possible investors:
  
  - Prime Location: The shopping center is situated in Dammam, Ash Shohda, Ar Rawdah, strategically placed to attract a broad client base.
  - Extensive Area: Covering an acreage of 421,330 m ², Granada Center Mall is among the biggest in Riyadh. It has an overall built-up area of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The mall's comprehensive leasable area is attentively distributed over two floorings, enhancing the shopping experience. The floor-wise circulation is as follows:.
  
• First Floor: 60,027 m ²
  . -Ground Floor: 42,052 m TWO
  . -Tenant Diversity: The shopping center hosts a variety of occupants, including regional and worldwide brands, which caters to a broad market, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partially under restoration, the shopping mall kept a 64% tenancy rate since 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, area, and tenant mix position it as a strong contender in Riyadh's retail market. Its large GLA and remodelling plans signal potential for value appreciation, making it an appealing choice for financiers.
  Quotation from the Report:
  
  - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
  - "Acreage: 421,330 m TWO ".-" Total Built-up Area: 318,064 m TWO ".-" Gross Leasable Area: 102,080 m ² ".-" Occupancy (Aug 2022): 64% (some parts of the mall under renovation)".
  Case Study 3: Al Nakheel Mall
  
  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 functions:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall take advantage of its position in a populated and affluent location of Riyadh.
  - Substantial Size and Offering: The shopping mall covers an acreage of 238,769 m two with a total built-up area of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m ². This extensive size facilitates 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 different retail and leisure experiences, interesting a large customer base.
  
• Tenant Diversity: Al Nakheel Mall's occupant mix includes a variety of regional and international brand names, drawing in a varied group of buyers and making sure consistent footfall.
  - Occupancy and Investment Potential: Since August 2022, the mall reported an occupancy rate of 82.0%. This reasonably high occupancy rate, integrated with its size and location, marks Al Nakheel Mall as a promising investment opportunity in the Riyadh retail market.
  - Additional Considerations: The mall is part of the Arabian Center Group, adding to its credibility and appeal. Its big GLA and varied tenant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.