Riyadh's retail realty market is a lively and evolving landscape, using a plethora of opportunities for savvy investors. Based upon the thorough benchmarking report, here are some crucial characteristics forming this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a vast array 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 TWO, to smaller sized retail centers like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This diversity deals with a broad spectrum of customer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single area however are spread out throughout the city. This distribution enables a diverse financial investment technique, targeting various demographics and socio-economic sections.
Growth Prospects: The retail sector in Riyadh is growing, driven by aspects such as increasing population, urbanization, and a shift in customer costs 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 noted for their high standards and quality renters. This element is important as it influences foot traffic, tenant retention, and overall residential or commercial property worth.
Catchment Areas

Catchment areas are a critical aspect of retail genuine estate, especially for shopping centers, as they directly affect the potential 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 location is the geographic area from which a mall or retail center draws its clients. It's substantial because it impacts foot traffic, sales capacity, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping center stands apart with its catchment area covering an exceptional 40.5% of Riyadh's population. This high percentage suggests its substantial effect and reach within the city.
- Al Nakheel Mall: With a catchment location that incorporates 35% of the city's population, Al Nakheel Mall is another essential player in Riyadh's retail landscape. Its considerable protection shows its value as a retail destination.
- Riyadh Park Mall: This shopping mall has a catchment that includes 32.1% of Riyadh's population, marking it as a significant 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 total population. This shows a strong faithful customer base that primarily 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 greatest 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 financial investment decisions.

- Granada Center Mall: As of August 2022, this shopping mall, being among the biggest in Riyadh, reveals an occupancy rate of 64%. It is necessary to note that some parts of the shopping center were under restoration at the time, which may have affected this figure.
- Riyadh Park Mall: This shopping mall, currently the biggest in regards to Gross Leasable Area, has an impressive tenancy rate of 91.2%, suggesting high tenant retention and consistent customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping mall stands as another essential gamer in the market, reflecting a strong and steady tenant base.
- Al Nakheel Mall: This residential or commercial property, integral 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 ² each year aren't offered each shopping center, the report indicates that all the malls consisted of follow a comparable rates structure. This uniformity suggests a market standard, which can be a vital aspect for financiers when examining the possible roi.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second largest shopping mall in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping mall 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 an effective retail investment in Riyadh's busy market. Here's a thorough look at its attributes, making it a notable case research study:

- Location and Area: Situated on Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal, Riyadh Park Mall is tactically situated. It boasts an acreage of 139,118 m ², providing sufficient area for a diverse series of retail and home entertainment choices.
- Size and Structure: The mall includes an overall built-up location of 241,220 m two and a Gross Area (GLA) of 105,290 m TWO. This significant size is distributed throughout 3 floors, providing a large selection 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 distribution permits a different mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant number of anchor stores, further boosting its appeal. The diversity in its renter mix deals with a broad spectrum of consumer preferences.
  - Occupancy Rates: As of August 2022, the mall had a high occupancy rate of 91.2%. This is a sign of its appeal among retailers and consumers alike, suggesting a consistent stream of foot traffic and constant income generation.
  - Investment Appeal: Given its tactical location, sizable GLA, varied occupant mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment opportunity. Its success elements act as a guide for what financiers ought to try to find 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 popular retail destination in Riyadh, offers important insights into the city's retail realty market. Let's explore why it stands as a substantial case study for potential investors:
  
  - Prime Location: The mall is located in Dammam, Ash Shohda, Ar Rawdah, strategically placed to bring in a large client base.
  - Extensive Area: Covering an acreage of 421,330 m TWO, Granada Center Mall is among the biggest in Riyadh. It has an overall built-up location of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The shopping mall's extensive leasable area is thoughtfully dispersed 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 tenants, consisting of local and international brand names, which deals with a broad group, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partially under restoration, the shopping center preserved a 64% occupancy rate since August 2022. This figure is most likely to improve post-renovation, making it an attractive prospect for future growth.
  - Investment Potential: Granada Center Mall's size, location, and occupant mix position it as a strong contender in Riyadh's retail market. Its big GLA and restoration plans signal capacity for worth gratitude, making it an enticing alternative 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 mall under renovation)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, emerges as an interesting 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 advantages from its position in a populated and upscale location of Riyadh.
  - Substantial Size and Offering: The shopping mall covers a land area of 238,769 m two with an overall built-up area of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m ². This comprehensive size facilitates a diverse range 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 TWO- This distribution caters to different retail and leisure experiences, interesting a broad customer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix includes a range of local and international brands, drawing in a varied group of shoppers and guaranteeing stable tramp.
  - Occupancy and Investment Potential: As of August 2022, the shopping center reported a tenancy rate of 82.0%. This fairly high tenancy rate, combined with its size and location, marks Al Nakheel Mall as an appealing investment opportunity in the Riyadh retail market.
  - Additional Considerations: The shopping center belongs to the Arabian Center Group, adding to its reliability and appeal. Its large GLA and diverse occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.
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