Riyadh's retail genuine estate market is a vibrant and progressing landscape, offering a huge selection of opportunities for smart investors. Based on the detailed benchmarking report, here are some essential characteristics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a large range of residential or commercial property sizes, from large-scale shopping malls like Granada Center Mall with a Gross Leasable Area (GLA) of around 100,000 m ², to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m ². This diversity accommodates a broad spectrum of customer requirements and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location but are spread throughout the city. This distribution permits for a different financial investment technique, targeting different demographics and socio-economic sections.
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 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 standards and quality tenants. This element is essential as it influences foot traffic, renter retention, and total residential or commercial property worth.
Catchment Areas

Catchment locations are a vital element of retail realty, particularly for malls, as they straight affect the potential success of these residential or commercial properties. In Riyadh's retail landscape, understanding these locations is important for financiers.

Here's what the report reveals about catchment locations:

- Definition and Importance: A catchment area is the geographical area from which a mall or retail center draws its customers. It's considerable due to the fact that it impacts foot traffic, sales capacity, and eventually, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping center sticks out with its catchment location covering an impressive 40.5% of Riyadh's population. This high percentage indicates its considerable 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 essential player in Riyadh's retail landscape. Its substantial protection demonstrates its significance as a retail location.
- Riyadh Park Mall: This shopping center 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 overall population. This indicates a strong faithful consumer base that primarily 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 greatest share of captive population of Riyadh City with 23.8%.".
Lease Rates and Occupancy Trends

In the Riyadh retail property market, understanding lease rates and occupancy patterns is essential 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 note that some parts of the shopping mall were under renovation at the time, which may have affected this figure.
- Riyadh Park Mall: This mall, currently the largest in terms of Gross Leasable Area, has a remarkable tenancy rate of 91.2%, indicating high occupant retention and constant customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping mall stands as another crucial gamer in the market, showing a strong and stable renter 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 annually aren't attended to each shopping center, the report shows that all the shopping malls consisted of follow a comparable pricing structure. This uniformity suggests a market requirement, which can be a crucial factor for investors when evaluating the prospective return on investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second largest shopping mall in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping mall in Riyadh. The tenancy is extremely great 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 a successful retail investment in Riyadh's bustling market. Here's an in-depth take a look at its characteristics, 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 situated. It boasts a land area of 139,118 m ², offering sufficient space for a diverse series of retail and entertainment alternatives.
- Size and Structure: The mall incorporates a total built-up area of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This substantial size is distributed throughout three floors, providing a huge array of leasing alternatives.
- Leasable Area Distribution: The leasable location is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m TWO
  . -Basement: 3,103 m TWO
  . enables a different mix of retail, dining, and 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 deals with a broad spectrum of customer choices.
  - Occupancy Rates: As of August 2022, the shopping mall had a high tenancy rate of 91.2%. This is indicative of its popularity amongst sellers and customers alike, recommending a consistent stream of foot traffic and consistent revenue generation.
  - Investment Appeal: Given its tactical place, sizable GLA, diverse tenant mix, and high tenancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success aspects work as a guide for what investors need to search for in potential 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".
  - "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 popular retail location in Riyadh, offers important insights into the city's retail real estate market. Let's explore why it stands as a considerable case research study for potential financiers:
  
  - Prime Location: The shopping center lies in Dammam, Ash Shohda, Ar Rawdah, tactically placed to bring in a broad client base.
  - Extensive Area: Covering an acreage of 421,330 m TWO, Granada Center Mall is one of the largest in Riyadh. It has an overall built-up location of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The shopping mall's extensive leasable location is thoughtfully distributed over 2 floorings, improving the shopping experience. The floor-wise distribution is as follows:.
  
• First Floor: 60,027 m TWO
  . -Ground Floor: 42,052 m TWO
  . -Tenant Diversity: The shopping center hosts a variety of renters, consisting of regional and global brands, which caters to a broad market, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partially under renovation, the shopping center maintained a 64% occupancy rate since August 2022. This figure is most likely to enhance post-renovation, making it an appealing possibility for future growth.
  - Investment Potential: Granada Center Mall's size, place, and occupant mix position it as a strong contender in Riyadh's retail market. Its big GLA and restoration plans signal capacity 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 TWO ".-" Gross Leasable Area: 102,080 m TWO ".-" Occupancy (Aug 2022): 64% (some parts of the shopping mall under restoration)".
  Case Study 3: Al Nakheel Mall
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  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, emerges as an appealing case research study for financiers. Here's a detailed expedition of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall advantages from its position in a populous and wealthy area of Riyadh.
  - Substantial Size and Offering: The shopping mall covers a land location of 238,769 m ² with an overall 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 circulation accommodates various retail and leisure experiences, attracting a broad consumer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix includes a range of regional and international brands, attracting a varied group of buyers and ensuring stable footfall.
  - Occupancy and Investment Potential: Since August 2022, the mall reported an occupancy rate of 82.0%. This relatively high occupancy rate, combined with its size and area, marks Al Nakheel Mall as an appealing investment opportunity in the Riyadh retail market.
  - Additional Considerations: The mall becomes part of the Arabian Center Group, contributing to its credibility and appeal. Its large GLA and diverse tenant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.