Riyadh's retail property market is a lively and developing landscape, offering a myriad of chances for savvy investors. Based upon the extensive benchmarking report, here are some essential dynamics forming this market:

Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a wide range of residential or commercial property sizes, from massive malls like Granada Center Mall with a Gross Leasable Area (GLA) of roughly 100,000 m TWO, to smaller sized retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety 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 however are spread out throughout the city. This distribution enables a different 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 consumer costs practices. This development trajectory suggests an appealing future for retail investments in the region.
Quality and Standards: The chosen residential or commercial properties for the research study are kept in mind for their high standards and quality tenants. This element is crucial as it influences foot traffic, renter retention, and general residential or commercial property value.
Catchment Areas

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

Here's what the report exposes about catchment areas:

- Definition and Importance: A catchment location is the geographical area from which a shopping mall or retail center draws its customers. It's substantial because it affects foot traffic, sales capacity, and eventually, the success of the retail residential or commercial property.
- Granada Center Mall: This mall stands apart with its catchment area 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 location that incorporates 35% of the city's population, Al Nakheel Mall is another essential gamer in Riyadh's retail landscape. Its substantial coverage shows its importance as a retail location.
- Riyadh Park Mall: This mall has a catchment that includes 32.1% of Riyadh's population, marking it as a major destination in the city's retail sector.
- Captive Population: Looking much 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 suggests 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 highest share of captive population of Riyadh City with 23.8%.".
Lease Rates and Occupancy Trends

In the Riyadh retail realty market, understanding lease rates and occupancy patterns is important for making informed investment choices.

- Granada Center Mall: Since August 2022, this shopping center, being among the biggest in Riyadh, reveals a tenancy rate of 64%. It is very important to keep in mind that some parts of the shopping mall were under remodelling at the time, which might have impacted this figure.
Park Mall: This shopping center, currently the largest in terms of Gross Leasable Area, has an excellent occupancy rate of 91.2%, indicating high occupant retention and consistent customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping center stands as another key player in the market, showing a strong and stable renter base.
- Al Nakheel Mall: This residential or commercial property, integral to the Arabian Center Group, reported a tenancy rate of 82.0%, showcasing its robust standing in the market.
- Lease Rates: While particular figures for lease rates per m two per year aren't provided for each shopping mall, the report suggests that all the shopping centers consisted of follow a comparable rates structure. This uniformity suggests a market standard, which can be a critical element for investors when assessing the potential roi.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd biggest mall in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another large shopping mall in Riyadh. The tenancy is great 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 an effective retail investment in Riyadh's dynamic market. Here's a thorough take a look at its attributes, making it a noteworthy case research 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 a land location of 139,118 m ², using sufficient area for a varied series of retail and home entertainment choices.
- Size and Structure: The mall includes a total built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m ². This significant size is dispersed throughout three floorings, offering a huge range of renting options.
- 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 distribution allows for a diverse mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant number of anchor stores, even more enhancing its appeal. The variety in its occupant mix deals with a broad spectrum of consumer choices.
  - Occupancy Rates: As of August 2022, the mall had a high tenancy rate of 91.2%. This is a sign of its popularity amongst merchants and customers alike, suggesting a constant stream of foot traffic and constant earnings generation.
  - Investment Appeal: Given its tactical area, large GLA, varied tenant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment chance. Its success factors act as a guide for what investors need to 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".
  - "Land Area: 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, uses important insights into the city's retail real estate market. Let's check out why it stands as a substantial case research study for potential investors:
  
  - Prime Location: The shopping mall is situated in Dammam, Ash Shohda, Ar Rawdah, strategically placed to attract a large 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 TWO
  . -Leasable Area and Structure: The mall's extensive leasable location is thoughtfully dispersed over 2 floorings, boosting the shopping experience. The floor-wise distribution is as follows:.
  
• First Floor: 60,027 m ²
  . -Ground Floor: 42,052 m ²
  . -Tenant Diversity: The mall hosts a variety of occupants, consisting of local and global brands, which caters to a broad demographic, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partly under restoration, the shopping mall maintained a 64% occupancy rate since August 2022. This figure is most likely to enhance post-renovation, making it an attractive prospect for future development.
  - Investment Potential: Granada Center Mall's size, area, and renter mix position it as a strong contender in Riyadh's retail market. Its large GLA and remodelling plans signal capacity for value appreciation, making it an attractive option for investors.
  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 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
  
  Al Nakheel Mall, a crucial retail residential or commercial property in Riyadh, provides itself as an interesting case study for financiers. Here's an in-depth expedition of its functions:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping center advantages from its position in a populous and affluent location of Riyadh.
  - Substantial Size and Offering: The mall covers an acreage of 238,769 m ² with an overall built-up location of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m ². This comprehensive size facilitates a diverse range of retail and leisure offerings.
  - Leasable Area Distribution Across Floors:.
  
• Second Floor: 20,767 m TWO
  . -First Floor: 58,463 m TWO
  . Ground Floor: 2,091 m TWO- This circulation deals with different retail and leisure experiences, attracting a broad consumer base.
  
• Tenant Diversity: Al Nakheel Mall's tenant mix includes a variety of regional and global brands, bring in a varied group of consumers and making sure stable tramp.
  - Occupancy and Investment Potential: As of August 2022, the shopping mall reported an occupancy rate of 82.0%. This relatively high tenancy rate, integrated with its size and area, marks Al Nakheel Mall as a promising financial investment chance in the Riyadh retail market.
  - Additional Considerations: The mall is part of the Arabian Center Group, contributing to its credibility and appeal. Its large GLA and diverse renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.
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