Riyadh's retail property market is a lively and developing landscape, providing a huge selection of opportunities for smart financiers. Based on the comprehensive benchmarking report, here are some essential dynamics forming this market:

Diversity in Residential Or Commercial Property Sizes: The market 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 approximately 100,000 m TWO, to smaller sized retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety accommodates a broad spectrum of customer needs and .
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location but are spread out across the city. This circulation enables a diverse investment technique, targeting various 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 spending practices. This growth trajectory suggests an appealing future for retail financial investments in the area.
Quality and Standards: The chosen residential or commercial properties for the study are noted for their high requirements and quality occupants. This aspect is essential as it influences foot traffic, renter retention, and general residential or commercial property worth.
Catchment Areas

Catchment locations are a crucial element of retail property, especially for shopping malls, as they straight affect the prospective success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is essential for financiers.

Here's what the report reveals about catchment locations:

- Definition and Importance: A catchment location is the geographic location from which a shopping mall or retail center draws its clients. It's significant 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 indicates its substantial effect and reach within the city.
- Al Nakheel Mall: With a catchment location that encompasses 35% of the city's population, Al Nakheel Mall is another key gamer in Riyadh's retail landscape. Its significant protection demonstrates its significance as a retail destination.
- Riyadh Park Mall: This shopping center has a catchment that consists of 32.1% of Riyadh's population, marking it as a significant 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, amounting to 23.8% of Riyadh's overall population. This suggests a strong faithful consumer base that mainly 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% 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 genuine estate market, comprehending lease rates and occupancy trends is important for making educated investment choices.

- Granada Center Mall: Since August 2022, this shopping center, being among the largest in Riyadh, shows a tenancy rate of 64%. It's crucial to note that some parts of the mall were under renovation at the time, which might have impacted this figure.
- Riyadh Park Mall: This mall, currently the biggest in regards to Gross Leasable Area, has an excellent occupancy rate of 91.2%, suggesting high renter retention and consistent customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping mall stands as another crucial player in the market, showing a strong and stable renter base.
- Al Nakheel Mall: This residential or commercial property, essential to the Arabian Center Group, reported an occupancy rate of 82.0%, showcasing its robust standing in the market.
- Lease Rates: While specific figures for lease rates per m two each year aren't attended to each mall, the report shows that all the shopping centers consisted of follow a similar pricing structure. This harmony suggests a market requirement, which can be a crucial factor for investors when examining the potential return on investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd biggest mall in Riyadh based on the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping mall in Riyadh. The tenancy 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 dynamic market. Here's a thorough appearance at its qualities, 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 strategically located. It boasts an acreage of 139,118 m ², using sufficient area for a diverse variety of retail and entertainment choices.
- Size and Structure: The shopping center encompasses a total built-up area of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m TWO. This substantial size is distributed across three floors, supplying a large variety of renting 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 permits a diverse mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial variety of anchor stores, further boosting its appeal. The diversity in its tenant mix accommodates a broad spectrum of customer choices.
  - Occupancy Rates: As of August 2022, the shopping mall had a high tenancy rate of 91.2%. This is indicative of its popularity amongst retailers and customers alike, recommending a stable stream of foot traffic and constant profits generation.
  - Investment Appeal: Given its strategic place, substantial GLA, varied tenant mix, and high tenancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success elements function as a guide for what financiers should search 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".
  - "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 popular retail destination in Riyadh, offers valuable insights into the city's retail real estate market. Let's explore why it stands as a considerable case research study for possible investors:
  
  - Prime Location: The shopping center is located in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to draw in a broad customer base.
  - Extensive Area: Covering an acreage of 421,330 m TWO, Granada Center Mall is among the largest in Riyadh. It has a total built-up location of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The mall's substantial leasable location is attentively dispersed over two floorings, improving the shopping experience. The floor-wise circulation is as follows:.
  
• First Floor: 60,027 m ²
  . -Ground Floor: 42,052 m ²
  . -Tenant Diversity: The shopping center hosts a range of occupants, including local and international brands, which accommodates a broad demographic, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partially under remodelling, the mall maintained a 64% tenancy rate since August 2022. This figure is likely to enhance post-renovation, making it an appealing prospect for future development.
  - Investment Potential: Granada Center Mall's size, area, and tenant mix position it as a strong competitor in Riyadh's retail market. Its large GLA and renovation plans signal capacity for value appreciation, making it an attractive option 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 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, emerges as an intriguing case study for investors. Here's a comprehensive expedition of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping mall benefits from its position in a populated and affluent location of Riyadh.
  - Substantial Size and Offering: The mall covers an acreage of 238,769 m two with an overall built-up location of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m TWO. This substantial size assists in a diverse range 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 circulation accommodates different retail and leisure experiences, attracting a large consumer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix includes a series of regional and global brand names, attracting a diverse group of consumers and guaranteeing steady footfall.
  - Occupancy and Investment Potential: Since August 2022, the shopping mall reported a tenancy rate of 82.0%. This relatively high occupancy rate, integrated with its size and area, marks Al Nakheel Mall as an appealing financial investment opportunity in the Riyadh retail market.
  - Additional Considerations: The shopping center is part of the Arabian Center Group, contributing to its reliability 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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