realtor.com
Riyadh's retail property market is a lively and developing landscape, providing a variety of chances for savvy financiers. Based on the thorough benchmarking report, here are some crucial 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 malls like Granada Center Mall with a Gross Leasable Area (GLA) of approximately 100,000 m TWO, to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m ². This variety accommodates a broad spectrum of consumer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single area however are spread across the city. This distribution enables a varied investment method, 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 costs habits. This growth trajectory recommends an appealing future for retail investments in the area.
Quality and Standards: The chosen residential or commercial properties for the study are noted for their high requirements and quality renters. This element is important as it influences foot traffic, occupant retention, and general residential or commercial property value.
Catchment Areas

Catchment locations are an important element of retail property, especially for shopping centers, as they directly affect the possible success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is necessary for financiers.

Here's what the report reveals about catchment locations:

- Definition and Importance: A catchment location is the geographic area from which a shopping center or retail center draws its clients. It's significant since it impacts foot traffic, sales potential, and ultimately, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping mall stands out with its catchment location covering a remarkable 40.5% of Riyadh's population. This high percentage indicates its significant impact and reach within the city.
- Al Nakheel Mall: With a catchment location that encompasses 35% of the city's population, Al Nakheel Mall is another essential gamer in Riyadh's retail landscape. Its considerable coverage shows its importance as a retail location.
- Riyadh Park Mall: This mall has a catchment that consists of 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, amounting to 23.8% of Riyadh's total population. This indicates a strong faithful consumer 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% coverage."
- "The Granada Center Mall has the greatest share of captive population of Riyadh City with 23.8%.".
Lease Rates and Occupancy Trends

In the Riyadh retail property market, comprehending lease rates and occupancy trends is essential for making informed investment choices.

- Granada Center Mall: As of August 2022, this mall, being one of the biggest in Riyadh, shows an occupancy rate of 64%. It is necessary to keep in mind that some parts of the shopping center were under restoration at the time, which may have affected this figure.
- Riyadh Park Mall: This mall, presently the largest in regards to Gross Leasable Area, has an outstanding occupancy rate of 91.2%, showing high renter retention and constant customer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping mall stands as another crucial 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 specific figures for lease rates per m ² annually aren't supplied for each mall, the report indicates that all the shopping centers included follow a similar prices structure. This harmony suggests a market requirement, which can be a crucial element for financiers when examining the possible roi.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second biggest mall in Riyadh based on the Gross Leasable Area." [Granada Center Mall]
- "Another large mall in Riyadh. The tenancy 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 a successful retail financial investment in Riyadh's busy market. Here's an in-depth look at its attributes, 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 a land location of 139,118 m TWO, offering adequate space for a diverse series of retail and entertainment choices.
- Size and Structure: The shopping center incorporates a total built-up area of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m ². This considerable size is distributed across 3 floors, supplying a huge selection 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 distribution permits a different mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable number of anchor shops, even more improving its appeal. The variety in its tenant mix accommodates a broad spectrum of consumer preferences.
  - Occupancy Rates: As of August 2022, the shopping mall had a high tenancy rate of 91.2%. This is indicative of its popularity among retailers and customers alike, recommending a stable stream of foot traffic and consistent income generation.
  - Investment Appeal: Given its tactical area, sizable GLA, varied tenant mix, and high tenancy rate, Riyadh Park Mall represents a robust financial investment opportunity. Its success aspects act as a guide for what financiers should search for in prospective 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".
  - "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, offers valuable insights into the city's retail realty market. Let's explore why it stands as a considerable case study for potential investors:
  
  - Prime Location: The shopping center lies in Dammam, Ash Shohda, Ar Rawdah, tactically positioned to draw in a wide customer base.
  - Extensive Area: Covering a land area of 421,330 m TWO, Granada Center Mall is among the biggest 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 mall's comprehensive leasable area is attentively distributed over two floors, improving 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 range of renters, consisting of regional and international brand names, which caters to a broad group, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partly under remodelling, the shopping mall maintained a 64% tenancy rate since August 2022. This figure is likely to improve post-renovation, making it an attractive prospect for future development.
  - Investment Potential: Granada Center Mall's size, location, and renter mix position it as a strong competitor in Riyadh's retail market. Its big GLA and renovation plans signal capacity for value gratitude, making it an enticing option for financiers.
  Quotation from the Report:
  
  - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
  - "Acreage: 421,330 m TWO ".-" Total Built-up Area: 318,064 m TWO ".-" Gross Leasable Area: 102,080 m ² ".-" Occupancy (Aug 2022): 64% (some parts of the shopping mall under remodelling)".
  Case Study 3: Al Nakheel Mall
  zillow.com
  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, presents itself as an intriguing case research 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 center benefits from its position in a populous and affluent location of Riyadh.
  - Substantial Size and Offering: The mall 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 TWO. This comprehensive size helps with a varied variety 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 deals with various retail and leisure experiences, appealing to a wide customer base.
  
• Tenant Diversity: Al Nakheel Mall's tenant mix includes a series of local and worldwide brands, attracting a group of shoppers and guaranteeing steady footfall.
  - Occupancy and Investment Potential: Since August 2022, the mall reported a tenancy rate of 82.0%. This relatively high tenancy rate, combined with its size and place, marks Al Nakheel Mall as a promising financial investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping center is part of the Arabian Center Group, adding 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.