Riyadh's retail property market is a dynamic and progressing landscape, providing a huge selection of chances for smart financiers. Based upon the detailed benchmarking report, here are some crucial characteristics forming this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a wide range of residential or commercial property sizes, from massive shopping centers like Granada Center Mall with a Gross Leasable Area (GLA) of roughly 100,000 m TWO, to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety 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 location but are spread out throughout the city. This circulation permits a different financial investment approach, 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 consumer spending practices. This growth trajectory recommends a promising future for retail investments in the region.
Quality and Standards: The chosen residential or commercial properties for the study are noted for their high requirements and quality tenants. This element is essential as it affects foot traffic, renter retention, and overall residential or commercial property value.
Catchment Areas

Catchment areas are an important element of retail real estate, particularly for malls, as they straight affect the prospective success of these residential or commercial properties. In Riyadh's retail landscape, understanding these areas is vital for financiers.

Here's what the report reveals about catchment locations:

- Definition and Importance: A catchment area is the geographic area from which a mall or retail center draws its consumers. It's significant since it impacts foot traffic, sales capacity, and eventually, the success of the retail residential or commercial property.
- Granada Center Mall: This mall sticks out with its catchment location covering an impressive 40.5% of Riyadh's population. This high percentage suggests its considerable effect and reach within the city.
- Al Nakheel Mall: With a catchment area that incorporates 35% of the city's population, Al Nakheel Mall is another essential player in Riyadh's retail landscape. Its substantial protection 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 significant 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 total population. This indicates a strong faithful customer base that predominantly frequents this 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% 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 genuine estate market, comprehending lease rates and occupancy trends is essential for making educated investment decisions.

- Granada Center Mall: Since August 2022, this shopping center, being one of the largest in Riyadh, shows an occupancy rate of 64%. It is very important to note that some parts of the shopping center were under remodelling at the time, which may have impacted this figure.
- Riyadh Park Mall: This shopping mall, currently the biggest in regards to Gross Leasable Area, has a remarkable tenancy rate of 91.2%, suggesting high renter 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, 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 specific figures for lease rates per m two per year aren't offered for each shopping center, the report suggests that all the shopping centers included follow a comparable prices structure. This harmony suggests a market standard, which can be a crucial element for financiers when evaluating the potential return on investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second largest shopping center in Riyadh based on the Gross Leasable Area." [Granada Center Mall]
- "Another large shopping mall in Riyadh. The occupancy 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 financial investment in Riyadh's busy market. Here's an in-depth look at its qualities, making it a notable case research study:
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- Location and Area: Situated on Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal, Riyadh Park Mall is strategically situated. It boasts an acreage of 139,118 m ², offering sufficient area for a diverse variety of retail and entertainment options.
- Size and Structure: The shopping mall encompasses an overall built-up area of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m ². This significant size is distributed throughout three floorings, supplying a huge variety 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 TWO
  . -This distribution permits 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 improving its appeal. The variety in its occupant mix accommodates a broad spectrum of consumer preferences.
  - Occupancy Rates: Since August 2022, the shopping mall had a high occupancy rate of 91.2%. This is a sign of its popularity amongst merchants and customers alike, recommending a steady stream of foot traffic and consistent revenue generation.
  - Investment Appeal: Given its tactical place, sizable GLA, varied occupant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment chance. Its success factors serve as a guide for what investors must try to find in potential retail residential or commercial property financial 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 location in Riyadh, provides important insights into the city's retail property market. Let's explore why it stands as a substantial case study for prospective investors:
  
  - Prime Location: The shopping mall lies in Dammam, Ash Shohda, Ar Rawdah, tactically positioned to attract a large consumer base.
  - Extensive Area: Covering an acreage of 421,330 m ², Granada Center Mall is among the biggest in Riyadh. It has an overall built-up area of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m TWO
  . -Leasable Area and Structure: The shopping mall's extensive leasable location is thoughtfully distributed over 2 floors, boosting the shopping experience. The floor-wise distribution is as follows:.
  
• First Floor: 60,027 m TWO
  . -Ground Floor: 42,052 m ²
  . -Tenant Diversity: The mall hosts a range of occupants, consisting of local and worldwide brand names, which caters to a broad group, increasing its appeal as a .
  - Occupancy Rate: Despite being partly under remodelling, the shopping center preserved a 64% occupancy rate since August 2022. This figure is most likely to enhance post-renovation, making it an appealing possibility for future growth.
  - Investment Potential: Granada Center Mall's size, place, and renter mix position it as a strong contender in Riyadh's retail market. Its big GLA and renovation strategies signal potential for value appreciation, making it an enticing option 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 restoration)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, emerges as an appealing case research study for financiers. Here's a detailed expedition of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping mall benefits from its position in a populated and affluent location of Riyadh.
  - Substantial Size and Offering: The mall covers an acreage of 238,769 m ² with a total built-up area of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m TWO. This comprehensive size assists in a varied range of retail and leisure offerings.
  - Leasable Area Distribution Across Floors:.
  
• Second Floor: 20,767 m TWO
  . -First Floor: 58,463 m TWO
  . Ground Floor: 2,091 m ²- This circulation accommodates different retail and leisure experiences, interesting a broad consumer base.
  
• Tenant Diversity: Al Nakheel Mall's occupant mix consists of a variety of regional and global brands, drawing in a varied group of shoppers and making sure steady step.
  - Occupancy and Investment Potential: As of August 2022, the mall reported a tenancy rate of 82.0%. This relatively high occupancy rate, integrated with its size and place, marks Al Nakheel Mall as an appealing investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping center becomes part of the Arabian Center Group, contributing to its reliability and appeal. Its big GLA and varied renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.