Riyadh's retail realty market is a lively and developing landscape, providing a huge selection of opportunities for savvy financiers. Based upon the extensive benchmarking report, here are some essential characteristics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a large range of residential or commercial property sizes, from large-scale shopping centers 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 caters to a broad spectrum of consumer needs and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single location however are spread throughout the city. This circulation permits a diverse investment technique, targeting various demographics and socio-economic segments.
Growth Prospects: The retail sector in Riyadh is growing, driven by aspects such as increasing population, urbanization, and a shift in consumer costs routines. This development trajectory recommends a promising future for retail investments in the area.
Quality and Standards: The selected residential or commercial properties for the research study are noted for their high requirements and . This aspect is important as it influences foot traffic, tenant retention, and general residential or commercial property worth.
Catchment Areas
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Catchment locations are a crucial element of retail property, particularly for shopping centers, as they directly affect the prospective success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is vital for investors.

Here's what the report reveals about catchment areas:

- Definition and Importance: A catchment area is the geographic area from which a shopping mall or retail center draws its clients. It's significant since it impacts foot traffic, sales potential, and eventually, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping center stands out with its catchment location covering an amazing 40.5% of Riyadh's population. This high portion shows its substantial impact 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 gamer in Riyadh's retail landscape. Its significant protection demonstrates 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 destination in the city's retail sector.
- Captive Population: Looking deeper into the numbers, Granada Center Mall has the greatest share of a captive population, amounting to 23.8% of Riyadh's overall population. This suggests a strong loyal consumer base that primarily 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% protection."
- "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 genuine estate market, understanding lease rates and tenancy patterns is important for making educated financial investment decisions.

- Granada Center Mall: Since August 2022, this mall, being among the largest in Riyadh, shows a tenancy rate of 64%. It's crucial to keep in mind that some parts of the shopping center were under remodelling at the time, which might have impacted this figure.
- Riyadh Park Mall: This shopping center, presently the largest in terms of Gross Leasable Area, has an outstanding tenancy rate of 91.2%, indicating high tenant retention and constant customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping mall stands as another key player in the market, reflecting a strong and stable occupant base.
- Al Nakheel Mall: This residential or commercial property, important to the Arabian Center Group, reported a tenancy 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 each shopping center, the report suggests that all the shopping centers consisted of follow a similar prices structure. This harmony recommends a market standard, which can be a critical factor for financiers when examining the possible roi.
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 large mall in Riyadh. The tenancy is very good 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 dynamic market. Here's an extensive take a look at its characteristics, making it a noteworthy case 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 a land location of 139,118 m ², providing adequate area for a diverse range of retail and entertainment options.
- Size and Structure: The shopping center incorporates an overall built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This considerable size is dispersed throughout 3 floors, supplying a vast range of leasing alternatives.
- 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 distribution permits a different mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable number of anchor shops, further boosting its appeal. The diversity in its renter mix caters to a broad spectrum of consumer preferences.
  - Occupancy Rates: Since August 2022, the shopping center had a high occupancy rate of 91.2%. This is indicative of its popularity among sellers and customers alike, suggesting a stable stream of foot traffic and consistent earnings generation.
  - Investment Appeal: Given its strategic area, sizable GLA, diverse renter mix, and high occupancy rate, Riyadh Park Mall represents a robust investment chance. Its success factors work as a guide for what investors need to try to find 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".
  - "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 genuine estate market. Let's check out why it stands as a substantial case study for prospective financiers:
  
  - Prime Location: The shopping mall is situated in Dammam, Ash Shohda, Ar Rawdah, tactically positioned to draw in a broad customer base.
  - Extensive Area: Covering a land location of 421,330 m ², Granada Center Mall is one of the largest 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 mall's extensive leasable location is attentively dispersed over 2 floorings, boosting the shopping experience. The floor-wise distribution is as follows:.
  
• First Floor: 60,027 m TWO
  . -Ground Floor: 42,052 m TWO
  . -Tenant Diversity: The shopping center hosts a range of renters, consisting of local and international brand names, which accommodates a broad market, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partly under renovation, the mall preserved a 64% tenancy rate as of August 2022. This figure is most likely to enhance post-renovation, making it an appealing prospect for future growth.
  - Investment Potential: Granada Center Mall's size, location, and renter mix position it as a strong competitor in Riyadh's retail market. Its large GLA and restoration plans signal potential for worth gratitude, making it an enticing alternative 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 shopping mall under restoration)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, presents itself as an intriguing case research study for investors. Here's an in-depth exploration of its functions:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping center take advantage of its position in a populated and wealthy location of Riyadh.
  - Substantial Size and Offering: The shopping mall covers a land location of 238,769 m ² with a total built-up location of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m ². This substantial size facilitates a diverse series 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 ²- This circulation deals with various retail and leisure experiences, interesting a large customer base.
  - Tenant Diversity: Al Nakheel Mall's renter mix includes a variety of regional and global brand names, bring in a diverse group of consumers and ensuring stable step.
  - Occupancy and Investment Potential: Since August 2022, the shopping center reported an occupancy rate of 82.0%. This relatively high occupancy rate, integrated with its size and place, 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, contributing to its credibility and appeal. Its large GLA and varied renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.