Riyadh's retail property market is a lively and evolving landscape, providing a wide variety of opportunities 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 wide variety of residential or commercial property sizes, from large-scale malls 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 diversity deals with a broad spectrum of consumer requirements and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single location however are spread across the city. This distribution permits a diverse financial investment technique, targeting various demographics and socio-economic segments.
Growth Prospects: The retail sector in Riyadh is growing, driven by elements such as increasing population, urbanization, and a shift in customer costs habits. This development trajectory recommends an appealing future for retail financial investments in the area.
Quality and Standards: The chosen residential or commercial properties for the study are noted for their high requirements and quality tenants. This aspect is essential as it influences foot traffic, renter retention, and total residential or commercial property worth.
Catchment Areas

Catchment areas are a critical element of retail realty, particularly for shopping malls, as they straight affect the possible success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is vital for financiers.

Here's what the report reveals about catchment areas:

- Definition and Importance: A catchment location is the geographic area from which a mall or retail center draws its customers. It's considerable because it affects foot traffic, sales potential, and ultimately, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping center sticks out with its catchment area covering a remarkable 40.5% of Riyadh's population. This high percentage suggests its considerable 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 considerable coverage demonstrates its significance as a retail destination.
- Riyadh Park Mall: This shopping mall 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, totaling up to 23.8% of Riyadh's total population. This indicates a strong faithful customer base that primarily 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
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In the Riyadh retail genuine estate market, comprehending lease rates and occupancy patterns is important for making educated financial investment choices.

- Granada Center Mall: Since August 2022, this shopping center, being one of the biggest in Riyadh, reveals a tenancy rate of 64%. It is very important 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, currently the biggest in terms of Gross Leasable Area, has an impressive tenancy rate of 91.2%, suggesting high tenant retention and consistent customer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this mall stands as another essential gamer in the market, reflecting a strong and steady tenant 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 specific figures for lease rates per m ² per year aren't attended to each shopping center, the report shows that all the shopping malls included follow a comparable prices structure. This harmony recommends a market requirement, which can be a critical aspect for financiers when examining the possible return on financial investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second largest shopping center in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping mall in Riyadh. The occupancy is extremely great 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 an effective retail financial investment in Riyadh's dynamic market. Here's a thorough appearance at its attributes, making it a notable case 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 tactically located. It boasts a land area of 139,118 m ², providing sufficient space for a varied variety of retail and entertainment options.
- Size and Structure: The encompasses an overall built-up area of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This considerable size is dispersed across 3 floorings, supplying a large array of renting choices.
- Leasable Area Distribution: The leasable location is divided as follows:.

• First Floor: 38,499 m ²
  . -Ground Floor: 63,687 m TWO
  . -Basement: 3,103 m ²
  . -This circulation permits a diverse mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant number of anchor shops, even more boosting its appeal. The diversity in its tenant mix caters to a broad spectrum of consumer choices.
  - Occupancy Rates: Since August 2022, the shopping mall had a high occupancy rate of 91.2%. This is indicative of its appeal amongst sellers and consumers alike, recommending a constant stream of foot traffic and constant profits generation.
  - Investment Appeal: Given its tactical area, substantial GLA, varied renter mix, and high occupancy rate, Riyadh Park Mall represents a robust investment opportunity. Its success aspects function as a guide for what investors should search for in prospective 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".
  - "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 property market. Let's check out why it stands as a significant case research study for possible investors:
  
  - Prime Location: The shopping center is situated in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to attract a broad consumer base.
  - Extensive Area: Covering a land location of 421,330 m TWO, Granada Center Mall is among the biggest in Riyadh. It has a total built-up location of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m TWO
  . -Leasable Area and Structure: The shopping center's extensive leasable location is attentively distributed over 2 floors, enhancing 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, including regional and worldwide brands, which accommodates a broad market, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partially under renovation, the shopping center kept a 64% occupancy rate as of 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, location, and occupant mix position it as a strong contender in Riyadh's retail market. Its big GLA and restoration plans signal capacity for value gratitude, making it an appealing option for investors.
  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, an essential retail residential or commercial property in Riyadh, emerges as an interesting case study for financiers. Here's a comprehensive exploration of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall advantages from its position in a populous and affluent area of Riyadh.
  - Substantial Size and Offering: The shopping mall covers a land area 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 TWO. This substantial size assists in a diverse series 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 TWO- This distribution accommodates various retail and leisure experiences, interesting a large customer base.
  
• Tenant Diversity: Al Nakheel Mall's occupant mix consists of a variety of local and worldwide brands, bring in a diverse group of buyers and ensuring steady tramp.
  - Occupancy and Investment Potential: As of August 2022, the shopping mall reported an occupancy rate of 82.0%. This relatively high occupancy rate, combined with its size and location, marks Al Nakheel Mall as an appealing financial investment opportunity in the Riyadh retail market.
  - Additional Considerations: The shopping center becomes part of the Arabian Center Group, including to its reliability and appeal. Its big GLA and diverse renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.