Riyadh's retail real estate market is a lively and evolving landscape, providing a plethora of chances for savvy investors. Based on the thorough benchmarking report, here are some essential dynamics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a wide variety 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 TWO, to smaller retail centers like Boulevard Mall, boasting a GLA of around 8,000 m ². This diversity deals with a broad spectrum of consumer requirements and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single area but are spread out across the city. This distribution enables a different financial investment approach, targeting different 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 spending practices. 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 research study are noted for their high requirements and quality occupants. This aspect is important as it affects foot traffic, renter retention, and general residential or commercial property value.
Catchment Areas
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Catchment areas are a critical element of retail genuine estate, especially for shopping centers, as they directly affect the prospective success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these locations is important for investors.

Here's what the report reveals about catchment locations:

- Definition and Importance: A catchment location is the geographic location from which a shopping mall or retail center draws its clients. It's considerable due to the fact that it affects foot traffic, sales capacity, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This mall sticks out with its catchment area covering an amazing 40.5% of Riyadh's population. This high percentage indicates 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 crucial gamer in Riyadh's retail landscape. Its significant coverage demonstrates its significance 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 major 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, amounting to 23.8% of Riyadh's total population. This suggests a strong devoted client 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 real estate market, understanding lease rates and tenancy patterns is important for making informed investment decisions.

- Granada Center Mall: Since August 2022, this shopping mall, being among the biggest in Riyadh, reveals a tenancy rate of 64%. It is essential to keep in mind that some parts of the mall were under restoration at the time, which might have affected this figure.
- Riyadh Park Mall: This shopping mall, presently the largest in regards to Gross Leasable Area, has an outstanding tenancy rate of 91.2%, indicating high tenant retention and consistent customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping center stands as another key player 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 a tenancy rate of 82.0%, showcasing its robust standing in the market.
- Lease Rates: While particular figures for lease rates per m two annually aren't attended to each mall, the report shows that all the malls included follow a comparable rates structure. This harmony recommends a market standard, which can be a vital aspect for investors when assessing the possible return on investment.
Quotation 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 large shopping mall in Riyadh. The tenancy is excellent 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 busy market. Here's an in-depth appearance at its qualities, 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 located. It boasts an acreage of 139,118 m ², using adequate area for a diverse variety of retail and entertainment options.
- Size and Structure: The mall includes a total built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This significant size is distributed throughout 3 floorings, offering a vast variety of leasing options.
- Leasable Area Distribution: The leasable area is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m ²
  . -Basement: 3,103 m ²
  . -This circulation permits a diverse mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial variety of anchor shops, further boosting its appeal. The variety in its occupant mix caters to a broad spectrum of consumer preferences.
  - Occupancy Rates: Since August 2022, the center had a high occupancy rate of 91.2%. This is indicative of its popularity amongst merchants and consumers alike, suggesting a consistent stream of foot traffic and constant earnings generation.
  - Investment Appeal: Given its tactical place, large GLA, diverse occupant mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment opportunity. Its success aspects act as a guide for what financiers ought to look for 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, offers important insights into the city's retail property market. Let's explore why it stands as a substantial case research study for prospective investors:
  
  - Prime Location: The shopping center lies in Dammam, Ash Shohda, Ar Rawdah, tactically placed to bring in a large client base.
  - Extensive Area: Covering an acreage of 421,330 m TWO, Granada Center Mall is one of the biggest in Riyadh. It has a total built-up area of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m TWO
  . -Leasable Area and Structure: The shopping center's comprehensive leasable location is thoughtfully dispersed over 2 floorings, boosting the shopping experience. The floor-wise circulation is as follows:.
  
• First Floor: 60,027 m TWO
  . -Ground Floor: 42,052 m ²
  . -Tenant Diversity: The shopping mall hosts a variety of tenants, consisting of local and worldwide brands, which deals with a broad group, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partially under remodelling, the mall kept a 64% tenancy rate since August 2022. This figure is most likely to improve post-renovation, making it an attractive prospect for future development.
  - Investment Potential: Granada Center Mall's size, place, and renter mix position it as a strong contender in Riyadh's retail market. Its big GLA and restoration plans signal capacity for value appreciation, making it an enticing option for financiers.
  Quotation from the Report:
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  - "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 ² ".-" Occupancy (Aug 2022): 64% (some parts of the shopping mall under restoration)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a crucial retail residential or commercial property in Riyadh, presents itself as an interesting case research study for financiers. Here's an in-depth expedition of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall benefits from its position in a populous and wealthy area of Riyadh.
  - Substantial Size and Offering: The shopping center 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 ². This extensive size facilitates a diverse variety 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 ²- This circulation deals with various retail and leisure experiences, attracting a wide customer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix includes a variety of local and global brand names, bring in a diverse group of shoppers and ensuring stable tramp.
  - Occupancy and Investment Potential: As of August 2022, the shopping center reported a tenancy rate of 82.0%. This relatively high occupancy rate, integrated with its size and location, marks Al Nakheel Mall as a promising investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping mall becomes part of the Arabian Center Group, including to its reliability and appeal. Its large GLA and varied occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.