Riyadh's retail property market is a vibrant and developing landscape, using a wide variety of chances for savvy financiers. Based on the thorough benchmarking report, here are some essential dynamics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The marketplace 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 around 100,000 m ², to smaller sized retail centers like Boulevard Mall, boasting a GLA of around 8,000 m ². This variety 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 location but are spread throughout the city. This distribution enables a diverse investment method, targeting various demographics and socio-economic sections.
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 development trajectory recommends a promising future for retail financial investments in the region.
Quality and Standards: The chosen residential or commercial properties for the study are kept in mind for their high standards and quality renters. This element is essential as it affects foot traffic, renter retention, and total residential or commercial property value.
Catchment Areas

Catchment locations are a critical aspect of retail realty, particularly for shopping malls, as they directly affect the prospective success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is important for investors.

Here's what the report reveals about catchment locations:

- Definition and Importance: A catchment area is the geographic location from which a shopping mall or retail center draws its customers. It's significant 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 mall sticks out with its catchment location covering an exceptional 40.5% of Riyadh's population. This high portion suggests its substantial impact 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 crucial gamer in Riyadh's retail landscape. Its significant coverage shows 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 major tourist attraction in the city's retail sector.
- Captive Population: Looking 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 shows a strong devoted customer base that mainly frequents this shopping center 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 property market, rates and tenancy trends is essential for making educated financial investment choices.

- Granada Center Mall: Since August 2022, this mall, being among the largest in Riyadh, reveals an occupancy rate of 64%. It is very important to keep in mind that some parts of the mall were under remodelling at the time, which might have impacted this figure.
- Riyadh Park Mall: This shopping mall, presently the biggest in regards to Gross Leasable Area, has an excellent occupancy rate of 91.2%, indicating high occupant retention and constant customer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping center stands as another crucial gamer in the market, reflecting a strong and steady 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 particular figures for lease rates per m two annually aren't attended to each shopping mall, the report shows that all the malls included follow a similar pricing structure. This harmony recommends a market requirement, which can be a critical element for investors when assessing the prospective return on financial investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second biggest shopping mall in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another large shopping center in Riyadh. The tenancy is excellent 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

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 attributes, 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, using sufficient space for a varied series of retail and entertainment options.
- Size and Structure: The shopping mall incorporates a total built-up area of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m ². This significant size is dispersed throughout 3 floorings, providing a large selection of leasing options.
- Leasable Area Distribution: The leasable area is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m TWO
  . -Basement: 3,103 m ²
  . -This circulation permits a varied mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant variety of anchor stores, further enhancing its appeal. The variety in its tenant mix deals with a broad spectrum of consumer choices.
  - Occupancy Rates: Since August 2022, the mall had a high tenancy rate of 91.2%. This is a sign of its popularity among sellers and customers alike, recommending a consistent stream of foot traffic and consistent revenue generation.
  - Investment Appeal: Given its tactical location, large GLA, varied occupant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment chance. Its success aspects act as a guide for what financiers need to look for in possible 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, provides valuable insights into the city's retail real estate market. Let's explore why it stands as a substantial case research study for prospective financiers:
  
  - Prime Location: The mall is situated in Dammam, Ash Shohda, Ar Rawdah, tactically placed to bring in a large customer base.
  - Extensive Area: Covering a land area of 421,330 m ², Granada Center Mall is among the largest in Riyadh. It has a total built-up location 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 attentively distributed over 2 floorings, improving the shopping experience. The floor-wise distribution is as follows:.
  
• First Floor: 60,027 m ²
  . -Ground Floor: 42,052 m ²
  . -Tenant Diversity: The mall hosts a variety of occupants, consisting of local and international brands, which accommodates a broad group, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partially under restoration, the mall preserved a 64% occupancy rate as of August 2022. This figure is likely to improve post-renovation, making it an appealing possibility for future growth.
  - 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 restoration strategies signal potential for value gratitude, making it an attractive choice for investors.
  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 TWO ".-" Gross Leasable Area: 102,080 m TWO ".-" Occupancy (Aug 2022): 64% (some parts of the mall 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 appealing case research study for investors. Here's an in-depth expedition of its functions:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall gain from its position in a populous and upscale location of Riyadh.
  - Substantial Size and Offering: The shopping 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 ². This extensive size facilitates a varied range 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 caters to various retail and leisure experiences, attracting a broad customer base.
  
• Tenant Diversity: Al Nakheel Mall's occupant mix consists of a range of local and worldwide brands, attracting a varied group of shoppers and guaranteeing stable tramp.
  - Occupancy and Investment Potential: Since August 2022, the shopping center reported a tenancy rate of 82.0%. This fairly high tenancy rate, combined with its size and area, marks Al Nakheel Mall as a promising investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping center 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.
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