Riyadh's retail genuine estate market is a lively and developing landscape, providing a plethora of chances for savvy investors. Based on the thorough benchmarking report, here are some crucial dynamics shaping 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 ², to smaller retail centers like Boulevard Mall, boasting a GLA of around 8,000 m ². This variety accommodates a broad spectrum of consumer requirements and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single area however are spread out across the city. This circulation permits a different investment technique, targeting different demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by aspects such as increasing population, urbanization, and a shift in customer spending routines. This development trajectory suggests an appealing 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 quality occupants. This element is crucial as it traffic, tenant retention, and total residential or commercial property worth.
Catchment Areas
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Catchment areas are a vital element of retail real estate, particularly for shopping centers, as they straight affect the possible success of these residential or commercial properties. In Riyadh's retail landscape, understanding these locations is vital for investors.

Here's what the report exposes 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 significant because it impacts foot traffic, sales capacity, and eventually, the success of the retail residential or commercial property.
- Granada Center Mall: This mall stands out with its catchment location covering an amazing 40.5% of Riyadh's population. This high portion suggests its substantial impact 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 key gamer in Riyadh's retail landscape. Its significant protection demonstrates its importance as a retail location.
- Riyadh Park Mall: This shopping mall has a catchment that consists of 32.1% of Riyadh's population, marking it as a significant destination in the city's retail sector.
- Captive Population: Looking much 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 mainly 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 real estate market, comprehending lease rates and tenancy patterns is vital for making informed investment choices.

- Granada Center Mall: As of August 2022, this mall, being among the largest in Riyadh, reveals an occupancy rate of 64%. It is essential to keep in mind that some parts of the shopping center were under renovation at the time, which might have affected this figure.
- Riyadh Park Mall: This mall, currently the largest in terms of Gross Leasable Area, has an excellent occupancy rate of 91.2%, showing high renter retention and consistent consumer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping mall stands as another crucial gamer in the market, showing a strong and steady 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 ² annually aren't attended to each shopping center, the report shows that all the shopping malls included follow a comparable prices structure. This uniformity recommends a market standard, which can be an important factor for investors when examining the possible roi.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second biggest mall in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping center in Riyadh. The tenancy is extremely good at 93.3%." [Riyadh Gallery Mall]
- "An essential 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 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 strategically situated. It boasts an acreage of 139,118 m ², using adequate space for a diverse variety of retail and home entertainment choices.
- Size and Structure: The shopping center encompasses 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 across 3 floors, providing a large range of renting choices.
- Leasable Area Distribution: The leasable area is divided as follows:.

• First Floor: 38,499 m ²
  . -Ground Floor: 63,687 m ²
  . -Basement: 3,103 m ²
  . -This distribution permits a varied mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable number of anchor shops, even more enhancing its appeal. The diversity in its tenant mix accommodates a broad spectrum of customer choices.
  - Occupancy Rates: As of August 2022, the shopping center had a high occupancy rate of 91.2%. This is a sign of its appeal among merchants and consumers alike, recommending a steady stream of foot traffic and constant profits generation.
  - Investment Appeal: Given its strategic area, large GLA, varied tenant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment opportunity. Its success factors serve as a guide for what investors should 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 prominent retail location in Riyadh, provides valuable insights into the city's retail realty market. Let's explore why it stands as a considerable case research study for potential financiers:
  
  - Prime Location: The shopping center is located in Dammam, Ash Shohda, Ar Rawdah, strategically placed to attract a broad customer base.
  - Extensive Area: Covering an acreage of 421,330 m TWO, Granada Center Mall is among the largest in Riyadh. It has a total built-up area of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The mall's substantial leasable location is thoughtfully distributed over two 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 variety of occupants, consisting of regional and international brand names, which caters to a broad demographic, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partly under remodelling, the mall kept a 64% tenancy rate since 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, area, and renter mix position it as a strong competitor in Riyadh's retail market. Its big GLA and remodelling strategies signal capacity for value gratitude, making it an attractive option for financiers.
  Quotation from the Report:
  
  - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
  - "Land Area: 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 shopping center under remodelling)".
  Case Study 3: Al Nakheel Mall
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  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, emerges as an appealing case study for investors. 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 gain from its position in a populated and affluent area of Riyadh.
  - Substantial Size and Offering: The shopping center covers a land location of 238,769 m ² with a total built-up location of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m ². 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 ²
  . Ground Floor: 2,091 m TWO- This distribution deals with different retail and leisure experiences, interesting a broad consumer base.
  
• Tenant Diversity: Al Nakheel Mall's occupant mix includes a variety of regional and global brand names, bring in a diverse group of shoppers and guaranteeing steady tramp.
  - Occupancy and Investment Potential: As of August 2022, the shopping mall reported a tenancy rate of 82.0%. This reasonably high occupancy rate, combined with its size and place, marks Al Nakheel Mall as a promising investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping center belongs to the Arabian Center Group, contributing to its reliability and appeal. Its large GLA and varied tenant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.