Riyadh's retail realty market is a dynamic and progressing landscape, providing a huge selection of opportunities for savvy financiers. Based upon the detailed benchmarking report, here are some crucial characteristics shaping this market:
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Diversity in Residential Or Commercial Property Sizes: The market showcases a vast array of residential or commercial property sizes, from large-scale shopping centers like Granada Center Mall with a Gross Leasable Area (GLA) of approximately 100,000 m TWO, to smaller 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 preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location but are spread out throughout the city. This circulation enables for a diverse investment approach, targeting different demographics and socio-economic segments.
Growth Prospects: The retail sector in Riyadh is growing, driven by factors such as increasing population, urbanization, and a shift in consumer spending habits. This development trajectory recommends an appealing future for retail investments in the area.
Quality and Standards: The selected residential or commercial properties for the study are kept in mind for their high standards and quality occupants. This aspect is important as it influences foot traffic, occupant retention, and overall residential or commercial property worth.
Catchment Areas

Catchment areas are a vital aspect of retail property, particularly for malls, as they directly influence the possible success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these locations is essential for investors.

Here's what the report exposes about catchment locations:

- Definition and Importance: A catchment location is the geographic area from which a shopping mall or retail center draws its customers. It's substantial since it affects foot traffic, sales potential, and eventually, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping mall sticks out with its catchment location covering a remarkable 40.5% of Riyadh's population. This high portion shows its considerable impact and reach within the city.
- Al Nakheel Mall: With a catchment area that incorporates 35% of the city's population, Al Nakheel Mall is another key gamer in Riyadh's retail landscape. Its substantial coverage demonstrates its value as a retail location.
- Riyadh Park Mall: This shopping center has a catchment that consists of 32.1% of Riyadh's population, marking it as a major attraction 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 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, understanding lease rates and tenancy patterns is vital for making informed financial investment choices.

- Granada Center Mall: Since August 2022, this mall, being among the largest in Riyadh, reveals an occupancy rate of 64%. It's important to note that some parts of the shopping mall were under renovation at the time, which may have impacted this figure.
- Riyadh Park Mall: This mall, presently the largest in terms of Gross Leasable Area, has an impressive occupancy rate of 91.2%, showing high occupant retention and consistent consumer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping mall stands as another essential gamer in the market, showing a strong and steady occupant base.
- Al Nakheel Mall: This residential or commercial property, essential 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 offered each mall, the report suggests that all the shopping malls consisted of follow a comparable rates structure. This harmony recommends a market requirement, which can be a vital element for financiers when assessing the prospective return on investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second biggest mall in Riyadh based on the Gross Leasable Area." [Granada Center Mall]
- "Another large shopping center in Riyadh. The tenancy is very excellent 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 an effective retail financial investment in Riyadh's busy market. Here's an in-depth take a look 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 situated. It boasts an acreage of 139,118 m ², providing ample area for a diverse range of retail and home entertainment alternatives.
- Size and Structure: The shopping mall encompasses a total built-up location of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m TWO. This substantial size is distributed throughout three floors, offering a huge range of leasing alternatives.
- 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 enables for a diverse mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial number of anchor shops, even more boosting its appeal. The variety in its renter mix caters to a broad spectrum of consumer choices.
  - Occupancy Rates: Since August 2022, the shopping mall had a high occupancy rate of 91.2%. This is indicative of its appeal amongst merchants and customers alike, recommending a consistent stream of foot traffic and constant income generation.
  - Investment Appeal: Given its tactical location, substantial GLA, diverse tenant mix, and high occupancy rate, Riyadh Park Mall represents a robust investment opportunity. Its success elements function as a guide for what financiers should try to find in potential retail residential or commercial property financial 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 popular retail location in Riyadh, uses important insights into the city's retail realty market. Let's check out why it stands as a case research study for potential investors:
  
  - Prime Location: The shopping center is located in Dammam, Ash Shohda, Ar Rawdah, tactically positioned to draw in a broad client base.
  - Extensive Area: Covering a land location of 421,330 m TWO, Granada Center Mall is among the biggest in Riyadh. It has an overall built-up location of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The shopping mall's extensive leasable location is thoughtfully dispersed over two floorings, improving 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, including regional and worldwide brand names, which caters to a broad demographic, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partially under restoration, the mall maintained a 64% tenancy rate as of August 2022. This figure is most likely to improve post-renovation, making it an attractive possibility for future development.
  - Investment Potential: Granada Center Mall's size, location, and occupant mix position it as a strong contender in Riyadh's retail market. Its big GLA and renovation plans signal capacity for value gratitude, making it an appealing option 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 TWO ".-" Gross Leasable Area: 102,080 m TWO ".-" Occupancy (Aug 2022): 64% (some parts of the shopping mall under remodelling)".
  Case Study 3: Al Nakheel Mall
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  Al Nakheel Mall, a crucial retail residential or commercial property in Riyadh, emerges as an interesting case research study for investors. Here's a comprehensive exploration of its functions:
  
  - 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 location of Riyadh.
  - Substantial Size and Offering: The shopping 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 comprehensive size assists in a varied series of retail and leisure offerings.
  - Leasable Area Distribution Across Floors:.
  
• Second Floor: 20,767 m ²
  . -First Floor: 58,463 m ²
  . Ground Floor: 2,091 m TWO- This distribution caters to different retail and leisure experiences, attracting a large consumer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix consists of a range of local and global brand names, drawing in a varied group of shoppers and making sure consistent step.
  - Occupancy and Investment Potential: Since August 2022, the shopping center reported an occupancy rate of 82.0%. This reasonably high occupancy rate, combined with its size and place, marks Al Nakheel Mall as a promising investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping mall becomes part of the Arabian Center Group, contributing to its reliability and appeal. Its large GLA and varied occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.