Riyadh's retail property market is a dynamic and evolving landscape, offering a wide variety of chances for savvy investors. Based on the detailed benchmarking report, here are some key dynamics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a broad range of residential or commercial property sizes, from large-scale shopping centers like Granada Center Mall with a Gross Leasable Area (GLA) of roughly 100,000 m TWO, to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m ². This variety caters to a broad spectrum of customer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location however are spread out across the city. This distribution permits a diverse 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 customer spending habits. This growth trajectory recommends an appealing future for retail investments in the area.
Quality and Standards: The picked residential or commercial properties for the research study are kept in mind for their high requirements and quality occupants. This aspect is essential as it influences foot traffic, renter retention, and overall residential or commercial property worth.
Catchment Areas

Catchment locations are a critical element of retail realty, particularly for shopping centers, as they straight influence the potential success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these locations is vital for investors.

Here's what the report reveals about catchment locations:

- Definition and Importance: A catchment location is the geographical location from which a shopping mall or retail center draws its customers. It's substantial since it affects foot traffic, sales potential, and ultimately, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping mall stands apart with its catchment location covering an exceptional 40.5% of Riyadh's population. This high portion suggests its considerable impact 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 essential gamer in Riyadh's retail landscape. Its substantial coverage 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 major destination in the city's retail sector.
- Captive Population: Looking much deeper into the numbers, Granada Center Mall has the highest share of a captive population, amounting to 23.8% of Riyadh's total population. This suggests a strong faithful client base that mainly this 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 tenancy patterns is important for making educated financial investment decisions.

- Granada Center Mall: As of August 2022, this mall, being among the largest in Riyadh, shows a tenancy rate of 64%. It's important to note that some parts of the shopping center were under remodelling at the time, which might have affected this figure.
- Riyadh Park Mall: This shopping mall, presently the biggest in terms of Gross Leasable Area, has an outstanding tenancy rate of 91.2%, showing high tenant retention and consistent consumer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping mall stands as another essential gamer in the market, showing a strong and stable tenant 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 specific figures for lease rates per m ² each year aren't attended to each shopping center, the report shows that all the shopping centers consisted of follow a comparable pricing structure. This uniformity suggests a market requirement, which can be a crucial aspect for financiers when evaluating the prospective return on 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 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 an effective retail financial investment in Riyadh's dynamic market. Here's an in-depth take a look at its characteristics, 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 entertainment options.
- Size and Structure: The shopping center encompasses a total built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This significant size is dispersed throughout three floorings, offering a large variety of leasing alternatives.
- Leasable Area Distribution: The leasable area is divided as follows:.

• First Floor: 38,499 m ²
  . -Ground Floor: 63,687 m TWO
  . -Basement: 3,103 m TWO
  . -This circulation enables a different mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable number of anchor stores, even more enhancing its appeal. The diversity in its tenant mix accommodates a broad spectrum of customer choices.
  - Occupancy Rates: Since August 2022, the shopping center had a high tenancy rate of 91.2%. This is indicative of its popularity among merchants and consumers alike, recommending a stable stream of foot traffic and consistent income generation.
  - Investment Appeal: Given its strategic location, sizable GLA, diverse tenant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment chance. Its success factors work as a guide for what financiers need to look for in prospective 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 location in Riyadh, uses valuable insights into the city's retail realty market. Let's explore why it stands as a substantial case research study for prospective investors:
  
  - Prime Location: The shopping mall is located in Dammam, Ash Shohda, Ar Rawdah, tactically positioned to attract a large customer base.
  - Extensive Area: Covering a land area of 421,330 m TWO, Granada Center Mall is among the largest 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 shopping center's extensive leasable area is thoughtfully dispersed over two floors, boosting 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 mall hosts a variety of tenants, including regional and global brand names, which caters to a broad demographic, increasing its appeal as a retail destination.
  - 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 prospect for future development.
  - Investment Potential: Granada Center Mall's size, place, and occupant mix position it as a strong competitor in Riyadh's retail market. Its large GLA and restoration strategies signal capacity for worth appreciation, making it an appealing alternative for financiers.
  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 center under renovation)".
  Case Study 3: Al Nakheel Mall
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  Al Nakheel Mall, a crucial retail residential or commercial property in Riyadh, provides itself as an intriguing case study for investors. Here's an in-depth exploration of its functions:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping center benefits from its position in a populated and wealthy area of Riyadh.
  - Substantial Size and Offering: The shopping mall covers a land area of 238,769 m ² with a total built-up area of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m TWO. 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 TWO- This circulation accommodates various retail and leisure experiences, interesting a wide consumer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix consists of a series of local and worldwide brands, bring in a varied group of shoppers and making sure stable step.
  - Occupancy and Investment Potential: Since August 2022, the shopping center reported an occupancy rate of 82.0%. This reasonably high occupancy 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 shopping mall belongs to the Arabian Center Group, adding to its trustworthiness and appeal. Its large GLA and diverse tenant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.
  sakamotoproperties.com