Riyadh's retail genuine estate market is a dynamic and developing landscape, providing a myriad of opportunities for smart investors. Based upon the detailed benchmarking report, here are some crucial dynamics forming this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a wide variety of residential or commercial property sizes, from large-scale malls like Granada Center Mall with a Gross Area (GLA) of approximately 100,000 m TWO, to smaller retail centers like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety deals with a broad spectrum of customer needs and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location however are spread out across the city. This distribution permits a varied investment technique, targeting various demographics and socio-economic sections.
Growth Prospects: The retail sector in Riyadh is growing, driven by elements such as increasing population, urbanization, and a shift in consumer spending practices. This growth trajectory recommends an appealing future for retail investments in the region.
Quality and Standards: The selected residential or commercial properties for the research study are noted for their high requirements and quality renters. This aspect is crucial as it influences foot traffic, renter retention, and general residential or commercial property worth.
Catchment Areas

Catchment areas are a vital element of retail realty, especially for shopping centers, as they straight influence the potential success of these residential or commercial properties. In Riyadh's retail landscape, understanding these areas is essential for investors.

Here's what the report reveals about catchment locations:

- Definition and Importance: A catchment location is the geographic location from which a shopping mall or retail center draws its consumers. It's considerable because it affects foot traffic, sales capacity, and eventually, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping center stands apart with its catchment location covering a remarkable 40.5% of Riyadh's population. This high portion 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 substantial coverage demonstrates its importance as a retail destination.
- Riyadh Park Mall: This shopping center has a catchment that includes 32.1% of Riyadh's population, marking it as a major 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 suggests a strong loyal customer base that mainly frequents this shopping mall over others.
Quotation from the Report:
wikipedia.org
- "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, comprehending lease rates and occupancy patterns is vital for making educated financial investment decisions.

- Granada Center Mall: Since August 2022, this mall, being among the biggest in Riyadh, reveals a tenancy rate of 64%. It's important to keep in mind 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 impressive tenancy rate of 91.2%, suggesting high tenant retention and constant consumer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping center stands as another key player in the market, showing a strong and steady occupant 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 specific figures for lease rates per m two each year aren't offered for each shopping mall, the report shows that all the shopping malls included follow a comparable prices structure. This harmony suggests a market standard, which can be a critical aspect for investors when evaluating the prospective return on 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 shopping mall in Riyadh. The occupancy 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 financial investment in Riyadh's busy market. Here's a thorough look at its qualities, 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 located. It boasts an acreage of 139,118 m TWO, offering sufficient space for a varied variety of retail and entertainment choices.
- Size and Structure: The shopping center incorporates a total built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m ². This considerable size is dispersed throughout 3 floorings, offering a large range of leasing choices.
- Leasable Area Distribution: The leasable location is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m TWO
  . -Basement: 3,103 m ²
  . -This distribution allows for a varied mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial variety of anchor stores, even more boosting its appeal. The variety in its occupant mix caters to a broad spectrum of customer preferences.
  - Occupancy Rates: Since August 2022, the mall had a high tenancy rate of 91.2%. This is a sign of its appeal among merchants and consumers alike, suggesting a stable stream of foot traffic and constant earnings generation.
  - Investment Appeal: Given its strategic place, substantial GLA, varied tenant mix, and high tenancy rate, Riyadh Park Mall represents a robust financial investment opportunity. Its success factors serve as a guide for what investors must look for in potential 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 popular retail destination in Riyadh, uses important insights into the city's retail realty market. Let's check out why it stands as a substantial case research study for possible investors:
  
  - Prime Location: The shopping mall is situated in Dammam, Ash Shohda, Ar Rawdah, strategically placed to draw in a large customer base.
  - Extensive Area: Covering an acreage of 421,330 m TWO, Granada Center Mall is one of the biggest in Riyadh. It has a total built-up area of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The shopping center's comprehensive leasable area is attentively dispersed over 2 floors, enhancing the shopping experience. The floor-wise circulation is as follows:.
  
• First Floor: 60,027 m ²
  . -Ground Floor: 42,052 m TWO
  . -Tenant Diversity: The shopping mall hosts a variety of tenants, including local and global brands, which caters to a broad group, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partially under restoration, the mall maintained a 64% occupancy rate since August 2022. This figure is likely to improve post-renovation, making it an appealing possibility for future development.
  - Investment Potential: Granada Center Mall's size, place, and occupant mix position it as a strong contender in Riyadh's retail market. Its big GLA and remodelling strategies signal potential for worth gratitude, making it an attractive alternative for investors.
  Quotation from the Report:
  tiger.ch
  - "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
  
  Al Nakheel Mall, an essential retail residential or commercial property in Riyadh, emerges as an intriguing case research study for financiers. Here's a detailed exploration of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping mall take advantage of its position in a populous and upscale location of Riyadh.
  - Substantial Size and Offering: The mall covers a land area of 238,769 m ² with an overall built-up area of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m ². This substantial size facilitates a varied range of retail and leisure offerings.
  - Leasable Area Distribution Across Floors:.
  
• Second Floor: 20,767 m TWO
  . -First Floor: 58,463 m ²
  . Ground Floor: 2,091 m TWO- This circulation deals with different retail and leisure experiences, interesting a large consumer base.
  
• Tenant Diversity: Al Nakheel Mall's tenant mix includes a variety of local and worldwide brand names, bring in a diverse group of consumers and guaranteeing constant footfall.
  - Occupancy and Investment Potential: As of August 2022, the shopping center reported an occupancy rate of 82.0%. This relatively high tenancy rate, integrated with its size and area, marks Al Nakheel Mall as an appealing financial investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping mall belongs to the Arabian Center Group, adding to its reliability and appeal. Its large GLA and varied renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.