Riyadh's retail realty market is a dynamic and progressing landscape, providing a plethora of chances for savvy financiers. Based upon the extensive benchmarking report, here are some key dynamics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a large range of residential or commercial property sizes, from massive shopping malls like Granada Center Mall with a Gross Leasable Area (GLA) of roughly 100,000 m ², to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m ². This diversity caters to a broad spectrum of consumer needs and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single area however are spread across the city. This distribution permits a different investment technique, 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 customer spending habits. This growth trajectory recommends an appealing future for retail financial investments in the area.
Quality and Standards: The picked residential or commercial properties for the research study are kept in mind for their high standards and quality tenants. This element is important as it influences foot traffic, occupant retention, and total residential or commercial property worth.
Catchment Areas

Catchment areas are an important aspect of retail property, especially for shopping malls, as they straight influence the possible success of these residential or commercial properties. In Riyadh's retail landscape, understanding these areas is vital for financiers.
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Here's what the report exposes about catchment locations:

- Definition and Importance: A catchment area is the geographic location from which a shopping center or retail center draws its clients. It's considerable due to the fact that it affects foot traffic, sales potential, and ultimately, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping center stands out with its catchment area covering a remarkable 40.5% of Riyadh's population. This high portion shows its substantial impact and reach within the city.
- Al Nakheel Mall: With a area that includes 35% of the city's population, Al Nakheel Mall is another crucial gamer in Riyadh's retail landscape. Its substantial protection demonstrates its significance as a retail destination.
- 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 greatest share of a captive population, amounting to 23.8% of Riyadh's overall population. This indicates a strong devoted client base that primarily 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% 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 informed financial investment decisions.

- Granada Center Mall: As of August 2022, this mall, being among the largest in Riyadh, reveals a tenancy rate of 64%. It is necessary to keep in mind that some parts of the shopping mall were under restoration at the time, which may have impacted this figure.
- Riyadh Park Mall: This shopping mall, presently the largest in terms of Gross Leasable Area, has a remarkable tenancy rate of 91.2%, suggesting high occupant retention and constant consumer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping center stands as another essential gamer in the market, reflecting a strong and stable tenant 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 particular figures for lease rates per m two each year aren't provided for each mall, the report indicates that all the shopping centers included follow a similar pricing structure. This uniformity recommends a market standard, which can be a crucial element for financiers when assessing the potential roi.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd biggest mall in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping center in Riyadh. The tenancy is great 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 a successful retail investment in Riyadh's bustling market. Here's an extensive appearance 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 strategically located. It boasts a land area of 139,118 m ², providing adequate space for a varied variety of retail and home entertainment options.
- Size and Structure: The shopping mall incorporates an overall built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This substantial size is dispersed throughout 3 floorings, supplying a large selection of renting options.
- Leasable Area Distribution: The leasable location is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m ²
  . -Basement: 3,103 m ²
  . -This distribution enables for a different 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 variety in its occupant mix deals with a broad spectrum of customer choices.
  - Occupancy Rates: Since August 2022, the shopping mall had a high tenancy rate of 91.2%. This is a sign of its appeal among merchants and customers alike, suggesting a stable stream of foot traffic and constant revenue generation.
  - Investment Appeal: Given its strategic area, substantial GLA, diverse tenant mix, and high tenancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success factors serve as a guide for what investors must 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".
  - "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, provides valuable insights into the city's retail real estate market. Let's check out why it stands as a significant case research study for potential investors:
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  - Prime Location: The mall is situated in Dammam, Ash Shohda, Ar Rawdah, tactically positioned to draw in a wide consumer base.
  - Extensive Area: Covering a land location of 421,330 m ², Granada Center Mall is among the largest in Riyadh. It has a total built-up area of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m TWO
  . -Leasable Area and Structure: The mall's extensive leasable area is attentively dispersed over 2 floorings, enhancing 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 shopping mall hosts a range of tenants, including regional and worldwide brands, which accommodates a broad demographic, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partly under restoration, the mall kept a 64% occupancy rate since August 2022. This figure is 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 contender in Riyadh's retail market. Its large GLA and remodelling strategies signal capacity for value appreciation, making it an appealing 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 ² ".-" Gross Leasable Area: 102,080 m TWO ".-" Occupancy (Aug 2022): 64% (some parts of the shopping center under remodelling)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, emerges as an intriguing case study for investors. Here's a detailed expedition of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall gain from its position in a populated and affluent location of Riyadh.
  - Substantial Size and Offering: The shopping center covers a land location of 238,769 m two with a total built-up location of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m ². This substantial size assists in 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 deals with various retail and leisure experiences, interesting a large consumer base.
  
• Tenant Diversity: Al Nakheel Mall's tenant mix consists of a series of regional and international brand names, drawing in a varied group of shoppers and making sure consistent footfall.
  - Occupancy and Investment Potential: Since August 2022, the shopping center reported an occupancy rate of 82.0%. This reasonably high tenancy rate, combined with its size and place, marks Al Nakheel Mall as an appealing investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping mall becomes part of the Arabian Center Group, contributing to its credibility and appeal. Its large GLA and diverse renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.