Riyadh's retail real estate market is a lively and progressing landscape, providing a huge selection of chances for smart financiers. Based upon the extensive benchmarking report, here are some crucial characteristics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a wide 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 centers like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety accommodates a broad spectrum of consumer requirements and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location however are spread throughout the city. This circulation permits a diverse financial investment approach, targeting various demographics and socio-economic segments.
Growth Prospects: The retail sector in Riyadh is growing, driven by elements such as increasing population, urbanization, and a shift in customer costs habits. This development trajectory recommends a promising future for retail financial investments in the region.
Quality and Standards: The picked residential or commercial properties for the study are noted for their high standards and quality tenants. This element is crucial as it affects foot traffic, renter retention, and overall residential or commercial property worth.
Catchment Areas

Catchment locations are a critical element of retail real 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 essential for investors.

Here's what the report reveals about catchment areas:

- Definition and Importance: A catchment area is the geographical area from which a mall or retail center draws its clients. It's considerable since it affects foot traffic, sales capacity, and eventually, the success of the retail residential or commercial property.
- Granada Center Mall: This mall sticks out with its catchment location covering an impressive 40.5% of Riyadh's population. This high portion suggests its significant 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 player in Riyadh's retail landscape. Its substantial coverage shows its value as a retail location.
- Riyadh Park Mall: This shopping mall has a catchment that includes 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 highest share of a captive population, totaling up to 23.8% of Riyadh's overall population. This indicates a strong loyal client base that primarily frequents 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 property market, understanding lease rates and occupancy trends is essential for making educated investment decisions.

- Granada Center Mall: As of August 2022, this shopping mall, being one of the largest in Riyadh, shows a tenancy rate of 64%. It is very important to note that some parts of the shopping center were under remodelling at the time, which may have impacted this figure.
- Riyadh Park Mall: This shopping center, currently the biggest in regards to Gross Leasable Area, has a remarkable occupancy rate of 91.2%, indicating high renter retention and consistent customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this mall stands as another key 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 for each mall, the report shows that all the shopping centers consisted of follow a comparable prices structure. This harmony suggests a market requirement, which can be a crucial factor for financiers when assessing the potential return on financial investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd largest shopping center in Riyadh based on the Gross Leasable Area." [Granada Center Mall]
- "Another large shopping mall in Riyadh. The occupancy 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 bustling market. Here's a thorough take a look at its attributes, making it a notable case research study:
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- Location and Area: Situated on Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal, Riyadh Park Mall is strategically located. It boasts an acreage of 139,118 m ², providing ample space for a varied variety of retail and home entertainment alternatives.
- Size and Structure: The shopping mall encompasses a total built-up area of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m ². This substantial size is distributed across 3 floorings, offering a vast variety of renting 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 ²
  . -This circulation permits a diverse mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial variety of anchor shops, even more improving its appeal. The diversity in its renter mix caters to a broad spectrum of consumer preferences.
  - Occupancy Rates: Since August 2022, the shopping mall had a high occupancy rate of 91.2%. This is indicative of its popularity amongst sellers and customers alike, recommending a consistent stream of foot traffic and consistent revenue generation.
  - Investment Appeal: Given its tactical place, sizable GLA, varied tenant mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment opportunity. Its success aspects serve as a guide for what investors need to try to find in prospective 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 prominent retail destination in Riyadh, offers valuable insights into the city's retail property market. Let's check out why it stands as a significant case study for potential investors:
  
  - Prime Location: The shopping mall lies in Dammam, Ash Shohda, Ar Rawdah, strategically placed to draw in a wide client base.
  - Extensive Area: Covering an acreage of 421,330 m TWO, Granada Center Mall is one of the largest in Riyadh. It has an overall built-up location of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m TWO
  . -Leasable Area and Structure: The mall's comprehensive leasable location is thoughtfully 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 ²
  . -Tenant Diversity: The shopping center hosts a variety of occupants, consisting of local and global brands, which accommodates a broad group, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partly under remodelling, the shopping mall kept a 64% tenancy rate since August 2022. This figure is likely to enhance post-renovation, making it an attractive possibility for future growth.
  - Investment Potential: Granada Center Mall's size, location, and occupant mix position it as a strong competitor in Riyadh's retail market. Its large GLA and renovation plans signal potential for worth gratitude, making it an attractive choice 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 center under renovation)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a crucial retail residential or commercial property in Riyadh, emerges as an intriguing case research study for investors. Here's a detailed exploration of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping mall gain from its position in a populous and upscale area of Riyadh.
  - Substantial Size and Offering: The shopping center 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 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 ²- This distribution accommodates various retail and leisure experiences, interesting a large customer base.
  
• Tenant Diversity: Al Nakheel Mall's tenant mix consists of a variety of regional and worldwide brands, attracting a diverse group of consumers and ensuring steady step.
  - Occupancy and Investment Potential: Since August 2022, the shopping mall reported an occupancy rate of 82.0%. This fairly high tenancy 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 mall becomes 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.