Riyadh's retail realty market is a dynamic and progressing landscape, providing a huge selection of opportunities for smart investors. Based upon the thorough benchmarking report, here are some key characteristics shaping this market:
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Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a large range of residential or commercial property sizes, from massive shopping centers like Granada Center Mall with a Gross Leasable Area (GLA) of around 100,000 m TWO, to smaller sized retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety accommodates a broad spectrum of customer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single area however are spread across the city. This distribution permits a different financial investment method, targeting different demographics and socio-economic segments.
Growth Prospects: The retail sector in Riyadh is growing, driven by elements such as increasing population, urbanization, and a shift in consumer costs routines. This growth trajectory recommends a promising future for retail investments in the region.
Quality and Standards: The picked residential or commercial properties for the study are kept in mind for their high standards and quality occupants. This aspect is important as it affects foot traffic, occupant retention, and overall residential or commercial property worth.
Catchment Areas

Catchment locations are a critical element of retail realty, especially for malls, as they directly influence the possible success of these residential or commercial properties. In Riyadh's retail landscape, understanding these locations is necessary for investors.

Here's what the report exposes about catchment areas:

- Definition and Importance: A catchment area is the geographic location from which a shopping mall or retail center draws its clients. It's substantial since it impacts foot traffic, sales potential, and eventually, the profitability 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 portion indicates its significant 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 key player in Riyadh's . Its substantial coverage 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 tourist attraction in the city's retail sector.
- Captive Population: Looking 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 faithful customer 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% 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 real estate market, understanding lease rates and occupancy patterns is crucial for making educated 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 remodelling at the time, which might have affected this figure.
- Riyadh Park Mall: This shopping mall, currently the biggest in regards to Gross Leasable Area, has a remarkable tenancy rate of 91.2%, suggesting high tenant retention and constant customer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this mall stands as another essential player 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 shopping center, the report suggests that all the malls included follow a similar pricing structure. This harmony suggests a market requirement, which can be a vital factor for investors when examining the possible roi.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second biggest shopping mall in Riyadh based on the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping mall in Riyadh. The tenancy is extremely excellent 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 investment in Riyadh's busy market. Here's a thorough 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 space for a diverse variety of retail and home entertainment options.
- Size and Structure: The shopping center incorporates a total built-up area of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This significant size is dispersed throughout three floors, providing a vast 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 ²
  . -Basement: 3,103 m ²
  . -This distribution enables a varied mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable number of anchor stores, further enhancing its appeal. The variety in its occupant mix deals with a broad spectrum of customer choices.
  - Occupancy Rates: Since August 2022, the shopping center had a high occupancy rate of 91.2%. This is indicative of its popularity among retailers and customers alike, recommending a steady stream of foot traffic and consistent revenue generation.
  - Investment Appeal: Given its tactical area, sizable GLA, varied occupant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment opportunity. Its success factors work as a guide for what investors must search for 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, offers valuable insights into the city's retail realty market. Let's explore why it stands as a substantial case research study for prospective investors:
  
  - Prime Location: The mall is situated in Dammam, Ash Shohda, Ar Rawdah, tactically placed to bring in a broad customer 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 TWO
  . -Leasable Area and Structure: The shopping center's comprehensive leasable area is thoughtfully distributed over two floors, enhancing the shopping experience. The floor-wise circulation is as follows:.
  
• First Floor: 60,027 m TWO
  . -Ground Floor: 42,052 m TWO
  . -Tenant Diversity: The mall hosts a range of tenants, including regional and worldwide brand names, which caters to a broad demographic, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partially under restoration, the shopping mall kept a 64% tenancy rate as of August 2022. This figure is likely to enhance post-renovation, making it an attractive prospect for future development.
  - Investment Potential: Granada Center Mall's size, area, and renter mix position it as a strong competitor in Riyadh's retail market. Its large GLA and renovation plans signal potential for worth gratitude, making it an appealing 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 shopping center under remodelling)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a crucial retail residential or commercial property in Riyadh, presents itself as an intriguing case research study for financiers. 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 advantages from its position in a populated and wealthy location of Riyadh.
  - Substantial Size and Offering: The shopping center covers an acreage of 238,769 m two with a total built-up area of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m ². This extensive size assists in a varied variety of retail and leisure offerings.
  - Leasable Area Distribution Across Floors:.
  
• Second Floor: 20,767 m ²
  . -First Floor: 58,463 m ²
  . Ground Floor: 2,091 m TWO- This circulation caters to various retail and leisure experiences, interesting a wide customer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix includes a variety of regional and global brands, bring in a varied group of consumers and making sure consistent tramp.
  - Occupancy and Investment Potential: As of August 2022, the shopping center reported an occupancy rate of 82.0%. This reasonably high tenancy rate, combined with its size and location, marks Al Nakheel Mall as an appealing financial investment opportunity in the Riyadh retail market.
  - Additional Considerations: The shopping center is part of the Arabian Center Group, including to its reliability and appeal. Its big GLA and diverse occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.