Riyadh's retail property market is a dynamic and evolving landscape, using a variety of chances for smart financiers. Based on the extensive benchmarking report, here are some crucial dynamics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a broad range of residential or commercial property sizes, from massive shopping centers like Granada Center Mall with a Gross Leasable Area (GLA) of roughly 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 customer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single area however are spread throughout the city. This circulation enables a diverse financial investment approach, targeting various demographics and socio-economic segments.
Growth Prospects: The retail sector in Riyadh is growing, driven by factors such as increasing population, urbanization, and a shift in consumer spending practices. This growth trajectory suggests a promising future for retail investments in the region.
Quality and Standards: The chosen residential or commercial properties for the research study are noted for their high standards and quality occupants. This aspect is vital as it influences foot traffic, renter retention, and general residential or commercial property value.
Catchment Areas

Catchment locations are a vital aspect of retail property, particularly for malls, as they directly influence the potential success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these locations is vital for investors.

Here's what the report reveals about catchment areas:

- Definition and Importance: A catchment location is the geographical area from which a mall or retail center draws its clients. It's substantial due to the fact that it impacts foot traffic, sales capacity, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping center stands apart with its catchment area covering an amazing 40.5% of Riyadh's population. This high portion suggests its substantial effect and reach within the city.
- Al Nakheel Mall: With a catchment location that encompasses 35% of the city's population, Al Nakheel Mall is another essential player in Riyadh's retail landscape. Its significant protection shows its importance as a retail destination.
- Riyadh Park Mall: This shopping mall has a catchment that includes 32.1% of Riyadh's population, marking it as a major 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, totaling up to 23.8% of Riyadh's total population. This indicates a strong loyal client 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% 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 property market, comprehending lease rates and occupancy patterns is essential for making educated investment decisions.

- Granada Center Mall: As of August 2022, this mall, being one of the biggest in Riyadh, reveals a tenancy rate of 64%. It is essential to keep in mind that some parts of the shopping mall were under renovation at the time, which may have impacted this figure.
- Riyadh Park Mall: This shopping mall, currently the largest in terms of Gross Leasable Area, has a remarkable tenancy rate of 91.2%, suggesting high tenant retention and consistent consumer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping center stands as another crucial player in the market, showing a strong and steady tenant base.
- Al Nakheel Mall: This residential or property, important 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 shows that all the shopping malls consisted of follow a similar prices structure. This uniformity suggests a market requirement, which can be a critical element for investors when assessing the prospective 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 large shopping mall in Riyadh. The occupancy 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
bloglines.com
Case Study 1: Riyadh Park Mall

Riyadh Park Mall stands as a shining example of a successful retail financial investment in Riyadh's bustling market. Here's an in-depth 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 situated. It boasts a land area of 139,118 m ², using adequate space for a diverse variety of retail and entertainment options.
- Size and Structure: The shopping mall incorporates an overall built-up area of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m TWO. This significant size is dispersed throughout 3 floors, supplying a vast selection of leasing choices.
- 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 for a diverse mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable variety of anchor stores, further enhancing its appeal. The variety in its renter mix caters to a broad spectrum of customer preferences.
  - Occupancy Rates: Since August 2022, the shopping center had a high occupancy rate of 91.2%. This is indicative of its popularity amongst retailers and consumers alike, recommending a steady stream of foot traffic and consistent revenue generation.
  - Investment Appeal: Given its strategic area, large GLA, varied renter mix, and high tenancy rate, Riyadh Park Mall represents a robust investment chance. Its success elements work as a guide for what financiers should 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, uses valuable insights into the city's retail real estate market. Let's check out why it stands as a significant case research study for potential investors:
  bloglines.com
  - Prime Location: The shopping center lies in Dammam, Ash Shohda, Ar Rawdah, strategically placed to bring in a large customer base.
  - Extensive Area: Covering an acreage of 421,330 m ², Granada Center Mall is one of the largest in Riyadh. It has a total 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 extensive leasable location is thoughtfully dispersed over two floors, boosting 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 mall hosts a range of tenants, consisting of local and worldwide brands, which accommodates a broad group, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partially under renovation, the mall preserved a 64% tenancy rate since 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, place, and occupant mix position it as a strong contender in Riyadh's retail market. Its large GLA and renovation plans signal capacity for value appreciation, making it an attractive choice for investors.
  Quotation from the Report:
  
  - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
  - "Acreage: 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 remodelling)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, an essential retail residential or commercial property in Riyadh, presents itself as an intriguing case study for investors. Here's an in-depth exploration of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping mall benefits from its position in a populous and wealthy area of Riyadh.
  - Substantial Size and Offering: The shopping center covers an acreage of 238,769 m two with an overall built-up location of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m ². This extensive size assists in a varied series 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 ²- This distribution deals with various retail and leisure experiences, interesting a wide consumer base.
  
• Tenant Diversity: Al Nakheel Mall's occupant mix consists of a series of regional and international brand names, attracting a varied group of consumers and ensuring consistent footfall.
  - Occupancy and Investment Potential: Since August 2022, the mall reported a tenancy rate of 82.0%. This relatively high occupancy rate, integrated with its size and location, marks Al Nakheel Mall as an appealing 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.