Riyadh's retail realty market is a lively and progressing landscape, using a plethora of opportunities for savvy financiers. Based upon the thorough benchmarking report, here are some key characteristics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a vast array of residential or commercial property sizes, from large-scale malls like Granada Center Mall with a Gross Area (GLA) of around 100,000 m TWO, to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety accommodates a broad spectrum of customer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single area but are spread throughout the city. This distribution permits a varied investment approach, targeting various demographics and socio-economic sections.
Growth Prospects: The retail sector in Riyadh is growing, driven by aspects such as increasing population, urbanization, and a shift in consumer spending habits. This development trajectory recommends an appealing future for retail financial investments in the area.
Quality and Standards: The picked residential or commercial properties for the study are kept in mind for their high standards and quality occupants. This aspect is important as it affects foot traffic, renter retention, and total residential or commercial property value.
Catchment Areas
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Catchment locations are a critical element of retail property, particularly for malls, as they straight influence the prospective success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these locations is essential for investors.

Here's what the report reveals about catchment areas:

- Definition and Importance: A catchment area is the geographic location from which a mall or retail center draws its clients. It's substantial because it affects foot traffic, sales capacity, and ultimately, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping center stands apart with its catchment location covering an amazing 40.5% of Riyadh's population. This high portion shows its considerable impact and reach within the city.
- Al Nakheel Mall: With a catchment area that encompasses 35% of the city's population, Al Nakheel Mall is another key gamer in Riyadh's retail landscape. Its considerable protection demonstrates its value 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 tourist attraction 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 overall population. This shows a strong devoted client base that predominantly frequents this shopping center 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 genuine estate market, comprehending lease rates and tenancy patterns is vital for making educated financial investment choices.

- Granada Center Mall: Since August 2022, this shopping mall, being one of the biggest in Riyadh, shows a tenancy rate of 64%. It's important to keep in mind 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, presently the biggest in regards to Gross Leasable Area, has an excellent occupancy rate of 91.2%, indicating high occupant retention and constant consumer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this mall stands as another essential gamer in the market, showing a strong and steady occupant base.
- Al Nakheel Mall: This residential or commercial property, integral 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 attended to each shopping mall, the report suggests that all the malls consisted of follow a similar prices structure. This harmony suggests a market requirement, which can be a vital element for investors when evaluating the prospective roi.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd largest shopping center in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another large mall in Riyadh. The tenancy is great 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 financial investment in Riyadh's dynamic market. Here's a thorough appearance 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 strategically situated. It boasts an acreage of 139,118 m TWO, offering adequate area for a diverse variety of retail and entertainment alternatives.
- Size and Structure: The mall encompasses an overall built-up location of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m TWO. This substantial size is distributed across three floorings, providing a vast range of leasing alternatives.
- Leasable Area Distribution: The leasable area is divided as follows:.

• First Floor: 38,499 m ²
  . -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 substantial variety of anchor shops, further enhancing its appeal. The variety in its occupant mix deals with a broad spectrum of consumer choices.
  - Occupancy Rates: As of August 2022, the mall had a high occupancy rate of 91.2%. This is indicative of its appeal among merchants and customers alike, suggesting a steady stream of foot traffic and consistent revenue generation.
  - Investment Appeal: Given its tactical area, substantial GLA, diverse occupant mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success aspects function as a guide for what investors ought to look for in possible 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 valuable insights into the city's retail realty market. Let's check out why it stands as a significant case research study for potential financiers:
  
  - Prime Location: The mall lies in Dammam, Ash Shohda, Ar Rawdah, tactically placed to draw in a large client base.
  - Extensive Area: Covering a land location of 421,330 m TWO, Granada Center Mall is one of the largest in Riyadh. It has an overall built-up location of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m TWO
  . -Leasable Area and Structure: The shopping mall's substantial leasable location is attentively dispersed over 2 floorings, boosting 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 mall hosts a variety of tenants, consisting of regional and international brand names, which deals with a broad group, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partly under renovation, the shopping mall kept a 64% tenancy rate as of 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, area, and occupant mix position it as a strong competitor in Riyadh's retail market. Its big GLA and remodelling strategies signal capacity for worth gratitude, making it an attractive 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 center under restoration)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, provides itself as an intriguing case study for investors. Here's an in-depth expedition of its functions:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping center benefits from its position in a populated and wealthy area of Riyadh.
  - Substantial Size and Offering: The shopping mall covers a land location of 238,769 m two with an overall built-up location of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m TWO. This extensive 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 ²
  . Ground Floor: 2,091 m TWO- This distribution caters to different retail and leisure experiences, attracting a wide consumer base.
  
• Tenant Diversity: Al Nakheel Mall's occupant mix includes a variety of regional and international brands, drawing in a diverse group of consumers and ensuring stable tramp.
  - Occupancy and Investment Potential: As of August 2022, the shopping center reported a tenancy rate of 82.0%. This reasonably high occupancy rate, integrated with its size and place, marks Al Nakheel Mall as a promising investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping center becomes part of the Arabian Center Group, contributing to its credibility and appeal. Its large GLA and varied tenant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.