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Riyadh's retail realty market is a lively and developing landscape, offering a variety of chances for smart financiers. Based on the comprehensive benchmarking report, here are some essential dynamics forming this market:
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Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a broad variety of residential or commercial property sizes, from massive 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 customer needs and preferences.
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 varied financial investment approach, targeting different demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by factors such as increasing population, urbanization, and a shift in customer spending practices. This development trajectory suggests a promising future for retail investments in the area.
Quality and Standards: The selected residential or commercial properties for the research study are kept in mind for their high requirements and quality tenants. This element is vital as it affects foot traffic, renter retention, and overall residential or commercial property value.
Catchment Areas

Catchment locations are an important aspect of retail realty, particularly for malls, as they directly influence the possible success of these residential or commercial properties. In Riyadh's retail landscape, understanding these areas is essential for financiers.

Here's what the report exposes about catchment locations:

- Definition and Importance: A catchment location is the geographical area from which a shopping center or retail center draws its consumers. It's considerable due to the fact that 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 impressive 40.5% of Riyadh's population. This high percentage 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 crucial gamer in Riyadh's retail landscape. Its substantial protection demonstrates its importance 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 attraction in the city's retail sector.
- Captive Population: Looking deeper into the numbers, Granada Center Mall has the highest share of a captive population, amounting to 23.8% of Riyadh's overall population. This suggests a strong devoted consumer base that mainly 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 realty market, comprehending lease rates and occupancy patterns is essential for making informed investment decisions.

- Granada Center Mall: As of August 2022, this shopping center, being among the largest in Riyadh, shows a tenancy rate of 64%. It's crucial to note that some parts of the shopping mall were under renovation at the time, which might have affected this figure.
- Riyadh Park Mall: This mall, presently the biggest in terms of Gross Leasable Area, has a remarkable tenancy rate of 91.2%, indicating high renter retention and constant customer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping mall stands as another essential gamer in the market, reflecting 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 two annually aren't offered for each shopping mall, the report shows that all the shopping malls included follow a comparable prices structure. This harmony suggests a market standard, which can be an important aspect for financiers when assessing the possible return on financial investment.
from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd biggest mall in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another big mall in Riyadh. The occupancy is great 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 financial investment in Riyadh's dynamic market. Here's an in-depth take a look at its characteristics, making it a notable case research study:

- Location and Area: Situated on Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal, Riyadh Park Mall is tactically situated. It boasts an acreage of 139,118 m ², providing sufficient space for a varied variety of retail and home entertainment options.
- Size and Structure: The mall incorporates a total built-up location of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m ². This substantial size is distributed across three floors, providing a large range of leasing choices.
- 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 circulation allows for a varied mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial number of anchor stores, further enhancing its appeal. The diversity in its occupant mix accommodates a broad spectrum of customer choices.
  - Occupancy Rates: Since August 2022, the mall had a high tenancy rate of 91.2%. This is a sign of its appeal among retailers and customers alike, suggesting a steady stream of foot traffic and constant profits generation.
  - Investment Appeal: Given its tactical location, substantial GLA, varied renter mix, and high occupancy rate, Riyadh Park Mall represents a robust investment chance. Its success aspects work as a guide for what investors ought to try to find 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 location in Riyadh, provides valuable insights into the city's retail real estate market. Let's check out why it stands as a considerable case research study for prospective financiers:
  
  - Prime Location: The shopping mall is situated in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to draw in a wide client base.
  - Extensive Area: Covering a land area of 421,330 m TWO, Granada Center Mall is among the largest in Riyadh. It has an overall built-up area of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The mall's substantial leasable area is thoughtfully distributed 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 ²
  . -Tenant Diversity: The shopping center hosts a range of renters, consisting of regional and international brand names, which deals with a broad demographic, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partially under restoration, the shopping mall maintained a 64% occupancy rate since August 2022. This figure is most likely to enhance post-renovation, making it an attractive possibility for future development.
  - Investment Potential: Granada Center Mall's size, place, and occupant mix position it as a strong contender in Riyadh's retail market. Its big GLA and remodelling plans signal potential for worth appreciation, making it an attractive option for investors.
  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 shopping center 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 investors. Here's a comprehensive exploration of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping center gain from its position in a populated and wealthy area of Riyadh.
  - Substantial Size and Offering: The shopping center covers an acreage of 238,769 m two with a total built-up location of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m ². This extensive size facilitates a diverse range 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 TWO- This circulation deals with various retail and leisure experiences, attracting a large consumer base.
  
• Tenant Diversity: Al Nakheel Mall's tenant mix includes a series of local and worldwide brands, drawing in a varied group of shoppers and guaranteeing constant tramp.
  - Occupancy and Investment Potential: Since August 2022, the shopping mall reported an occupancy rate of 82.0%. This relatively high occupancy rate, integrated with its size and location, marks Al Nakheel Mall as an appealing investment chance in the Riyadh retail market.
  - Additional Considerations: The mall is part of the Arabian Center Group, including to its trustworthiness and appeal. Its large GLA and diverse occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.