gladwinrealestateagent.com
Riyadh's retail real estate market is a vibrant and progressing landscape, using a myriad of chances for savvy financiers. Based upon the detailed benchmarking report, here are some key characteristics forming this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a vast array of residential or commercial property sizes, from massive 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 ². This diversity caters to a broad spectrum of consumer requirements and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single area however are spread across the city. This circulation enables for a diverse financial investment approach, targeting different demographics and socio-economic sections.
Growth Prospects: The retail sector in Riyadh is growing, driven by elements such as increasing population, urbanization, and a shift in customer spending habits. This development trajectory suggests an appealing future for retail investments in the area.
Quality and Standards: The picked residential or commercial properties for the research study are noted for their high standards and quality occupants. This element is crucial as it affects foot traffic, occupant retention, and overall residential or commercial property worth.
Catchment Areas

Catchment areas are a vital aspect of retail realty, particularly for malls, as they straight influence 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 mall or retail center draws its clients. It's significant since it affects foot traffic, sales potential, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping center sticks out with its catchment location covering an amazing 40.5% of Riyadh's population. This high portion shows its considerable effect 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 crucial player in Riyadh's retail landscape. Its significant protection shows its value as a retail location.
- Riyadh Park Mall: This shopping center has a catchment that includes 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 greatest share of a captive population, amounting to 23.8% of Riyadh's overall population. This shows 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% protection."
- "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 genuine estate market, comprehending lease rates and occupancy patterns is vital for making informed financial investment choices.

- Granada Center Mall: Since August 2022, this mall, being one of the largest in Riyadh, reveals a tenancy rate of 64%. It is essential to keep in mind that some parts of the mall were under renovation at the time, which might have impacted this figure.
- Riyadh Park Mall: This mall, currently the biggest in terms of Gross Leasable Area, has an excellent occupancy rate of 91.2%, showing high tenant 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 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 offered each shopping mall, the report indicates that all the shopping malls consisted of follow a comparable pricing structure. This harmony suggests a market standard, which can be an important aspect for financiers when examining the potential return on financial investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second biggest shopping center in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another large mall in Riyadh. The tenancy is extremely excellent 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 an effective retail financial investment in Riyadh's busy market. Here's an in-depth look at its characteristics, making it a notable case 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 an acreage of 139,118 m ², using sufficient area for a diverse series of retail and entertainment choices.
- Size and Structure: The mall encompasses an overall built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m ². This significant size is dispersed across 3 floors, providing a vast array of renting alternatives.
- 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 permits a diverse mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant variety of anchor shops, further boosting its appeal. The variety in its occupant mix deals with a broad spectrum of customer preferences.
  - Occupancy Rates: As of August 2022, the shopping mall had a high tenancy rate of 91.2%. This is indicative of its popularity among retailers and consumers alike, suggesting a constant stream of foot traffic and constant revenue generation.
  - Investment Appeal: Given its tactical place, substantial GLA, varied occupant mix, and high occupancy rate, Riyadh Park Mall represents a robust investment opportunity. Its success factors serve as a guide for what investors must try to find in possible 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 location in Riyadh, offers valuable insights into the city's retail realty market. Let's check out why it stands as a substantial case study for potential financiers:
  
  - Prime Location: The shopping center lies in Dammam, Ash Shohda, Ar Rawdah, tactically placed to attract a large client base.
  - Extensive Area: Covering a land area of 421,330 m ², Granada Center Mall is among the largest in Riyadh. It has an overall of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The shopping mall's comprehensive leasable area is attentively distributed over two floors, enhancing the shopping experience. The floor-wise circulation is as follows:.
  
• First Floor: 60,027 m ²
  . -Ground Floor: 42,052 m ²
  . -Tenant Diversity: The mall hosts a variety of renters, including regional and global brands, which deals with a broad market, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partly under restoration, the shopping center preserved a 64% tenancy rate as of August 2022. This figure is most likely to improve post-renovation, making it an appealing possibility for future growth.
  - Investment Potential: Granada Center Mall's size, location, and occupant mix position it as a strong contender in Riyadh's retail market. Its big GLA and remodelling strategies signal potential for worth gratitude, making it an appealing alternative for financiers.
  Quotation from the Report:
  
  - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
  - "Land Area: 421,330 m ² ".-" 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 restoration)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a crucial 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 mall gain from its position in a populous and affluent area of Riyadh.
  - Substantial Size and Offering: The shopping mall covers an acreage of 238,769 m ² with a total built-up area of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m TWO. This substantial size assists in a diverse 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 ²- This circulation caters to various retail and leisure experiences, appealing to a broad customer base.
  
• Tenant Diversity: Al Nakheel Mall's occupant mix includes a variety of regional and worldwide brands, drawing in a diverse group of shoppers and guaranteeing constant footfall.
  - Occupancy and Investment Potential: As of August 2022, the shopping mall reported an occupancy rate of 82.0%. This fairly high tenancy rate, combined with its size and area, marks Al Nakheel Mall as a promising 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 big GLA and diverse occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.