Riyadh's retail property market is a vibrant and developing landscape, using a variety of chances for savvy investors. Based upon the comprehensive benchmarking report, here are some crucial dynamics forming this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a large range of residential or commercial property sizes, from large-scale malls like Granada Center Mall with a Gross Leasable Area (GLA) of around 100,000 m TWO, to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m ². This variety deals with a broad spectrum of consumer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single location but are spread out throughout the city. This circulation enables a diverse financial investment technique, targeting different demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by elements such as increasing population, urbanization, and a shift in consumer costs habits. This growth trajectory recommends an appealing 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 requirements and quality tenants. This element is crucial as it affects foot traffic, renter retention, and general residential or commercial property worth.
Catchment Areas

Catchment areas are a crucial aspect of retail property, particularly for shopping centers, as they straight influence the possible success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is vital for investors.

Here's what the report exposes about catchment locations:

- Definition and Importance: A catchment location is the geographical location from which a shopping mall or retail center draws its consumers. It's significant 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 mall stands apart with its catchment area covering a remarkable 40.5% of Riyadh's population. This high percentage suggests its considerable 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 player in Riyadh's retail landscape. Its considerable coverage shows its significance as a retail location.
- 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 much deeper into the numbers, Granada Center Mall has the highest share of a captive population, totaling up to 23.8% of Riyadh's total population. This indicates a strong loyal customer 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, comprehending lease rates and tenancy patterns is vital for making informed investment choices.

- Granada Center Mall: As of August 2022, this mall, being one of the largest in Riyadh, shows an occupancy rate of 64%. It is necessary to note that some parts of the shopping mall were under restoration at the time, which might have affected this figure.
- Riyadh Park Mall: This shopping mall, currently the biggest in regards to Gross Leasable Area, has an excellent occupancy rate of 91.2%, suggesting high occupant retention and consistent consumer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping mall stands as another key player in the market, showing 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 ² annually aren't supplied for each shopping mall, the report indicates that all the shopping centers consisted of follow a similar pricing structure. This harmony suggests a market standard, which can be a critical factor for financiers when assessing the possible return on financial investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second largest mall in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another big mall 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
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Case Study 1: Riyadh Park Mall

Riyadh Park Mall stands as a shining example of an effective retail investment in Riyadh's dynamic market. Here's an in-depth take a look at its qualities, making it a notable case 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 a land area of 139,118 m TWO, providing adequate space for a diverse range of retail and entertainment options.
- Size and Structure: The mall incorporates an overall built-up area of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This substantial size is dispersed throughout 3 floors, supplying a vast range of leasing choices.
- Leasable Area Distribution: The leasable location is divided as follows:.

• First Floor: 38,499 m ²
  . -Ground Floor: 63,687 m TWO
  . -Basement: 3,103 m TWO
  . -This distribution allows for a varied mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant variety of anchor stores, even more enhancing its appeal. The variety in its occupant mix accommodates a broad spectrum of customer preferences.
  - Occupancy Rates: As of August 2022, the shopping mall had a high occupancy rate of 91.2%. This is a sign of its popularity amongst sellers and customers alike, suggesting a stable stream of foot traffic and constant earnings generation.
  - Investment Appeal: Given its tactical location, large GLA, diverse tenant mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success elements work as a guide for what investors 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".
  - "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 prominent retail location in Riyadh, uses valuable insights into the city's retail real estate market. Let's explore why it stands as a substantial case research study for possible investors:
  
  - Prime Location: The mall is situated in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to bring in a broad consumer base.
  - Extensive Area: Covering a land location 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 ² and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The mall's extensive leasable area is thoughtfully distributed over two floorings, enhancing the shopping experience. The floor-wise distribution is as follows:.
  
• First Floor: 60,027 m ²
  . -Ground Floor: 42,052 m TWO
  . -Tenant Diversity: The shopping center hosts a range of tenants, including regional and worldwide brands, which accommodates a broad demographic, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partly under remodelling, the shopping center maintained a 64% occupancy rate since August 2022. This figure is likely to improve post-renovation, making it an appealing prospect for future growth.
  - 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 signal capacity for worth appreciation, making it an attractive choice for financiers.
  Quotation from the Report:
  
  - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
  - "Land Area: 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 renovation)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a crucial retail residential or commercial property in Riyadh, presents itself as an appealing case research study for investors. Here's a comprehensive 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 affluent location of Riyadh.
  - Substantial Size and Offering: The shopping center covers an acreage of 238,769 m two with a total built-up location of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m ². This extensive size helps with a diverse 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 circulation caters to different retail and leisure experiences, interesting a broad consumer base.
  
• Tenant Diversity: Al Nakheel Mall's tenant mix consists of a range of local and global brand names, drawing in a varied group of shoppers and ensuring constant step.
  - 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 location, marks Al Nakheel Mall as an appealing investment chance in the Riyadh retail market.
  - Additional Considerations: The mall becomes part of the Arabian Center Group, contributing to its credibility and appeal. Its large GLA and diverse occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.