Riyadh's retail realty market is a lively and developing landscape, providing a huge selection of chances for savvy financiers. Based upon the comprehensive benchmarking report, here are some crucial characteristics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a wide range of residential or commercial property sizes, from large-scale shopping centers 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 accommodates 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 permits for a diverse financial investment technique, targeting different demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by elements such as increasing population, urbanization, and a shift in consumer costs habits. This growth trajectory recommends a promising 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 . This element is vital as it affects foot traffic, occupant retention, and overall residential or commercial property worth.
Catchment Areas

Catchment locations are a crucial aspect of retail property, especially for shopping centers, as they directly affect the potential success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these locations is necessary for investors.

Here's what the report reveals about catchment locations:

- Definition and Importance: A catchment location is the geographical area from which a shopping center or retail center draws its customers. It's considerable due to the fact that it impacts foot traffic, sales capacity, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This mall stands out with its catchment location covering an exceptional 40.5% of Riyadh's population. This high portion suggests its significant impact and reach within the city.
- Al Nakheel Mall: With a catchment location that includes 35% of the city's population, Al Nakheel Mall is another key gamer in Riyadh's retail landscape. Its considerable protection shows its importance as a retail destination.
- Riyadh Park Mall: This 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 highest share of a captive population, amounting to 23.8% of Riyadh's overall population. This suggests a strong faithful 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 greatest 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 tenancy trends is essential for making educated investment choices.

- Granada Center Mall: Since August 2022, this mall, being one of the biggest in Riyadh, shows an occupancy rate of 64%. It is essential to note that some parts of the mall were under renovation at the time, which might have impacted this figure.
- Riyadh Park Mall: This shopping mall, presently the largest in regards to Gross Leasable Area, has an impressive occupancy rate of 91.2%, showing high occupant retention and constant consumer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping mall stands as another key player in the market, showing a strong and stable occupant base.
- Al Nakheel Mall: This residential or commercial property, important 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 per year aren't provided for each shopping center, the report suggests that all the shopping malls included follow a similar rates structure. This uniformity recommends a market requirement, which can be a critical factor for investors when evaluating the prospective roi.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second largest mall in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping center in Riyadh. The occupancy is excellent 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 an effective retail financial investment in Riyadh's bustling market. Here's an in-depth take a look 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 strategically located. It boasts an acreage of 139,118 m TWO, using adequate area for a varied series of retail and home entertainment alternatives.
- Size and Structure: The shopping center encompasses 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 across three floorings, providing a vast variety of leasing options.
- 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 circulation enables a varied mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable number of anchor stores, further boosting its appeal. The diversity in its occupant mix accommodates a broad spectrum of customer choices.
  - Occupancy Rates: As of August 2022, the mall had a high occupancy rate of 91.2%. This is a sign of its popularity among retailers and consumers alike, recommending a constant stream of foot traffic and consistent revenue generation.
  - Investment Appeal: Given its tactical location, substantial GLA, diverse tenant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment chance. Its success aspects serve 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".
  - "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 prominent retail destination in Riyadh, uses important insights into the city's retail genuine estate market. Let's check out why it stands as a significant case research study for possible investors:
  
  - Prime Location: The mall lies in Dammam, Ash Shohda, Ar Rawdah, tactically positioned to bring in a wide customer base.
  - Extensive Area: Covering an acreage of 421,330 m ², Granada Center Mall is among 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 mall's extensive leasable area is attentively distributed over two floorings, improving 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 mall hosts a variety of tenants, consisting of local and international brands, which accommodates a broad demographic, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partly under restoration, the shopping mall kept a 64% occupancy rate since August 2022. This figure is most likely to improve post-renovation, making it an attractive possibility for future development.
  - Investment Potential: Granada Center Mall's size, location, and renter mix position it as a strong contender in Riyadh's retail market. Its large GLA and restoration plans signal capacity for worth appreciation, making it an enticing option 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 mall under remodelling)".
  Case Study 3: Al Nakheel Mall
  smarter.com
  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, presents itself as an appealing case research study for investors. Here's an in-depth exploration of its functions:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping center gain from its position in a populous and upscale location 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 two and a Gross Leasable Area (GLA) of 81,322 m ². This extensive 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 ²
  . Ground Floor: 2,091 m ²- This distribution accommodates different retail and leisure experiences, appealing to a broad customer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix includes a variety of regional and global brand names, bring in a diverse group of shoppers and guaranteeing stable step.
  - Occupancy and Investment Potential: Since August 2022, the shopping mall reported a tenancy rate of 82.0%. This fairly high tenancy rate, integrated with its size and location, marks Al Nakheel Mall as an appealing investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping mall belongs to the Arabian Center Group, including to its trustworthiness and appeal. Its big GLA and diverse occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.