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Riyadh's retail realty market is a lively and progressing landscape, providing a variety of chances for smart financiers. Based upon the extensive benchmarking report, here are some key dynamics forming this market:

Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a wide range of residential or commercial property sizes, from large-scale malls like Granada Center Mall with a Gross Leasable Area (GLA) of roughly 100,000 m ², to smaller retail centers like Boulevard Mall, boasting a GLA of around 8,000 m ². This variety accommodates a broad spectrum of consumer requirements and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location however are spread throughout the city. This circulation permits a diverse financial investment approach, targeting different demographics and socio-economic segments.
Growth Prospects: The retail sector in Riyadh is growing, driven by aspects such as increasing population, urbanization, and a shift in customer spending habits. This development trajectory recommends a promising future for retail financial investments in the area.
Quality and Standards: The picked residential or commercial properties for the study are kept in mind for their high requirements and quality tenants. This element is essential as it influences foot traffic, occupant retention, and overall residential or commercial property value.
Catchment Areas

Catchment locations are a critical element of retail realty, particularly for shopping centers, as they straight affect the prospective success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these locations is necessary for investors.

Here's what the report exposes about catchment locations:

- Definition and Importance: A catchment area is the geographic location from which a shopping center or retail center draws its consumers. It's significant due to the fact that it affects foot traffic, sales capacity, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping mall stands apart with its catchment area 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 area that includes 35% of the city's population, Al Nakheel Mall is another key gamer in Riyadh's retail landscape. Its considerable coverage demonstrates its significance as a retail destination.
- Riyadh Park Mall: This shopping center has a catchment that consists of 32.1% of Riyadh's population, marking it as a significant 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 loyal customer base that predominantly frequents this shopping 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 real estate market, understanding lease rates and occupancy patterns is important for making educated investment choices.

- Granada Center Mall: Since August 2022, this mall, being among the biggest in Riyadh, shows a tenancy rate of 64%. It is necessary to keep in mind that some parts of the mall were under renovation at the time, which might 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%, suggesting high renter retention and consistent customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping center stands as another crucial player in the market, reflecting a strong and stable occupant base.
- Al Nakheel Mall: This residential or commercial property, integral 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 per year aren't attended to each shopping mall, the report indicates that all the shopping malls consisted of follow a comparable prices structure. This harmony recommends a market standard, which can be a critical factor for financiers when evaluating the potential return on investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd largest shopping center in Riyadh based on the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping center in Riyadh. The tenancy 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 investment in Riyadh's busy market. Here's an extensive take a 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 strategically located. It boasts an acreage of 139,118 m ², using adequate space for a varied range of retail and entertainment choices.
- Size and Structure: The mall includes an overall built-up area of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m ². This significant size is distributed throughout 3 floors, supplying a huge selection of leasing options.
- 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 TWO
  . -This circulation enables a varied mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant variety of anchor stores, further 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 occupancy rate of 91.2%. This is a sign of its popularity among merchants and consumers alike, recommending a consistent stream of foot traffic and consistent profits generation.
  - Investment Appeal: Given its tactical place, large GLA, diverse tenant mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success elements act as a guide for what financiers must look 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 prominent retail destination in Riyadh, provides valuable insights into the city's retail property market. Let's check out why it stands as a substantial case research study for prospective financiers:
  
  - Prime Location: The mall is situated in Dammam, Ash Shohda, Ar Rawdah, tactically placed to draw in a large customer base.
  - Extensive Area: Covering a land area of 421,330 m TWO, Granada Center Mall is among the biggest in Riyadh. It has a total 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 attentively dispersed over 2 floors, boosting 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 shopping center hosts a range of tenants, consisting of regional and global brands, which accommodates a broad demographic, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partially under restoration, the mall maintained a 64% tenancy rate since August 2022. This figure is most likely to improve post-renovation, making it an appealing prospect for future development.
  - Investment Potential: Granada Center Mall's size, area, and tenant mix position it as a strong competitor in Riyadh's retail market. Its large GLA and remodelling plans signal capacity for worth gratitude, making it an appealing alternative for investors.
  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 center under restoration)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, provides itself as an appealing case research study for financiers. Here's a comprehensive 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 upscale area of Riyadh.
  - Substantial Size and Offering: The shopping mall 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 TWO. This extensive size facilitates a varied 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, appealing to a large .
  
• Tenant Diversity: Al Nakheel Mall's renter mix includes a variety of regional and worldwide brands, drawing in a varied group of consumers and ensuring consistent tramp.
  - Occupancy and Investment Potential: As of August 2022, the mall reported an occupancy rate of 82.0%. This relatively high occupancy rate, integrated with its size and location, 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, including to its reliability and appeal. Its big GLA and varied occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.