Riyadh's retail real estate market is a vibrant and evolving landscape, providing a myriad of opportunities for smart financiers. Based on the comprehensive benchmarking report, here are some crucial dynamics forming this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a vast array of residential or commercial property sizes, from large-scale shopping malls like Granada Center Mall with a Gross Leasable Area (GLA) of approximately 100,000 m ², to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This diversity caters to a broad spectrum of customer needs and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single area but are spread throughout the city. This circulation enables a different financial investment technique, targeting various 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 consumer costs practices. This development trajectory recommends an appealing future for retail investments in the region.
Quality and Standards: The picked residential or commercial properties for the study are noted for their high standards and quality tenants. This element is essential as it affects foot traffic, tenant retention, and overall residential or commercial property value.
Catchment Areas
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Catchment areas are a critical aspect of retail property, especially for malls, as they straight affect the potential success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is important for investors.

Here's what the report reveals about catchment areas:

- Definition and Importance: A catchment location is the geographical location from which a shopping center or retail center draws its clients. It's considerable due to the fact that it affects foot traffic, sales potential, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This mall stands apart with its catchment area covering an exceptional 40.5% of Riyadh's population. This high percentage suggests its substantial effect and reach within the city.
- Al Nakheel Mall: With a catchment area that encompasses 35% of the city's population, Al Nakheel Mall is another crucial player in Riyadh's retail landscape. Its considerable protection shows 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 significant 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 total population. This suggests a strong devoted client base that mainly frequents this mall 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 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 trends is essential for making informed financial investment decisions.

- Granada Center Mall: As of August 2022, this shopping mall, being one of the largest in Riyadh, shows an occupancy rate of 64%. It is very important to note that some parts of the shopping mall were under renovation at the time, which may 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 crucial gamer in the market, showing a strong and steady renter 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 per year aren't offered each mall, the report suggests that all the shopping centers consisted of follow a comparable rates structure. This harmony recommends a market standard, which can be a critical element for financiers when assessing the possible roi.
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 big shopping mall in Riyadh. The occupancy is really 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 a successful retail investment in Riyadh's dynamic market. Here's a thorough take a look at its attributes, making it a noteworthy 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 a land location of 139,118 m ², providing ample space for a diverse variety of retail and entertainment options.
- 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 dispersed throughout three floorings, providing a huge selection of renting 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 TWO
  . -This circulation allows for a diverse mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial variety of anchor shops, even more improving its appeal. The variety in its tenant mix caters to 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 a sign of its popularity among sellers and customers alike, recommending a consistent stream of foot traffic and consistent profits generation.
  - Investment Appeal: Given its strategic area, substantial GLA, diverse renter mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment opportunity. Its success aspects serve as a guide for what financiers must search for in possible 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 prominent retail location in Riyadh, offers important insights into the city's retail realty market. Let's explore why it stands as a substantial case study for prospective financiers:
  
  - Prime Location: The mall is located in Dammam, Ash Shohda, Ar Rawdah, tactically placed to attract a large customer base.
  - Extensive Area: Covering a land location of 421,330 m TWO, Granada Center Mall is among the biggest in Riyadh. It has an overall built-up area of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m TWO
  . -Leasable Area and Structure: The mall's substantial leasable area is thoughtfully distributed over 2 floors, enhancing the shopping experience. The floor-wise circulation is as follows:.
  
• First Floor: 60,027 m ²
  . -Ground Floor: 42,052 m TWO
  . -Tenant Diversity: The shopping center hosts a range of tenants, consisting of regional and global brand names, which caters to a broad market, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partly under remodelling, the mall preserved a 64% tenancy rate as of 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 tenant mix position it as a strong competitor in Riyadh's retail market. Its big GLA and restoration plans signal capacity for value gratitude, making it an enticing choice 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 ² ".-" Occupancy (Aug 2022): 64% (some parts of the shopping mall under renovation)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, emerges as an appealing case study for financiers. Here's a detailed exploration of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping mall take advantage of its position in a populous and upscale area of Riyadh.
  - Substantial Size and Offering: The shopping center covers a land area of 238,769 m ² with an overall built-up area of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m TWO. This extensive size facilitates a diverse variety 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 distribution caters to different retail and leisure experiences, attracting a large customer base.
  
• Tenant Diversity: Al Nakheel Mall's occupant mix includes a series of regional and names, drawing in a varied group of buyers and guaranteeing consistent step.
  - Occupancy and Investment Potential: Since August 2022, the shopping center reported an occupancy rate of 82.0%. This reasonably high tenancy rate, combined with its size and place, marks Al Nakheel Mall as a promising investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping center belongs to the Arabian Center Group, contributing to its credibility and appeal. Its large GLA and varied occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.
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