Riyadh's retail property market is a vibrant and progressing landscape, using a myriad of chances for smart financiers. Based on the comprehensive benchmarking report, here are some key dynamics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a large range of residential or commercial property sizes, from massive shopping centers like Granada Center Mall with a Gross Leasable Area (GLA) of approximately 100,000 m ², to smaller sized retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m ². This diversity deals with a broad spectrum of consumer requirements and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single area but are spread across the city. This distribution enables a different investment technique, targeting various demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by factors such as increasing population, urbanization, and a shift in consumer spending practices. This growth trajectory suggests 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 requirements and quality tenants. This aspect is essential as it affects foot traffic, renter retention, and total residential or commercial property worth.
Catchment Areas

Catchment areas are an important element of retail real estate, especially for malls, as they straight influence the possible success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these locations is necessary for investors.

Here's what the report exposes about catchment areas:

- Definition and Importance: A catchment location is the geographic location from which a shopping mall or retail center draws its customers. It's substantial due to the fact that it impacts foot traffic, sales potential, and eventually, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping center sticks out with its catchment location covering an exceptional 40.5% of Riyadh's population. This high portion shows 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 essential gamer in Riyadh's retail landscape. Its significant coverage demonstrates 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 significant 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, totaling up to 23.8% of Riyadh's overall population. This suggests a strong faithful consumer 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 realty market, understanding lease rates and tenancy trends is essential for making educated investment choices.

- Granada Center Mall: As of August 2022, this mall, being one of the biggest in Riyadh, shows an occupancy rate of 64%. It's important to note that some parts of the mall were under renovation at the time, which may have affected this figure.
- Riyadh Park Mall: This shopping center, currently the biggest in terms of Gross Leasable Area, has an outstanding tenancy rate of 91.2%, suggesting high renter retention and consistent customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping center stands as another crucial player in the market, reflecting a strong and steady renter base.
- Al Nakheel Mall: This residential or commercial property, important 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 annually aren't provided for each shopping mall, the report suggests that all the shopping malls included follow a similar prices structure. This uniformity suggests a market requirement, which can be a vital element for investors when evaluating the prospective return on investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd biggest shopping mall in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another large shopping center in Riyadh. The tenancy is great 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
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Riyadh Park Mall stands as a shining example of a successful retail investment in Riyadh's busy market. Here's an in-depth take a look at its characteristics, 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 tactically located. It boasts an acreage of 139,118 m TWO, space for a diverse variety of retail and entertainment choices.
- Size and Structure: The shopping center encompasses a total built-up location of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m TWO. This considerable size is dispersed throughout three floors, supplying a vast array 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 ²
  . -This circulation enables a varied mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant variety of anchor stores, further improving its appeal. The variety in its renter mix caters to a broad spectrum of customer preferences.
  - Occupancy Rates: As of August 2022, the mall had a high tenancy rate of 91.2%. This is indicative of its popularity among retailers and consumers alike, suggesting a steady stream of foot traffic and constant profits generation.
  - Investment Appeal: Given its strategic area, sizable GLA, varied renter mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success elements function as a guide for what investors must 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 popular retail location in Riyadh, offers important insights into the city's retail real estate market. Let's check out why it stands as a substantial case research study for prospective financiers:
  
  - Prime Location: The shopping mall lies in Dammam, Ash Shohda, Ar Rawdah, tactically placed to bring in a wide 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 two and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The mall's extensive leasable location is attentively distributed over 2 floorings, improving the shopping experience. The floor-wise distribution is as follows:.
  
• First Floor: 60,027 m TWO
  . -Ground Floor: 42,052 m TWO
  . -Tenant Diversity: The mall hosts a range of occupants, consisting of regional and worldwide brand names, which deals with a broad market, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partially under renovation, the shopping center maintained a 64% occupancy 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, place, and tenant mix position it as a strong competitor in Riyadh's retail market. Its big GLA and restoration strategies signal capacity for value gratitude, making it an enticing choice for financiers.
  Quotation from the Report:
  
  - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
  - "Acreage: 421,330 m TWO ".-" Total Built-up Area: 318,064 m ² ".-" Gross Leasable Area: 102,080 m TWO ".-" Occupancy (Aug 2022): 64% (some parts of the mall under restoration)".
  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 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 gain from its position in a populous and wealthy area of Riyadh.
  - Substantial Size and Offering: The mall covers an acreage 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 substantial size helps with a varied variety 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 ²- This distribution caters to various retail and leisure experiences, appealing to a wide consumer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix consists of a variety of regional and global brands, bring in a diverse group of consumers and guaranteeing constant step.
  - Occupancy and Investment Potential: As of August 2022, the shopping mall reported a tenancy rate of 82.0%. This reasonably high occupancy rate, combined with its size and place, 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, adding to its reliability and appeal. Its big GLA and diverse occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.