Riyadh's retail property market is a dynamic and progressing landscape, using a variety of opportunities for savvy investors. Based on the detailed benchmarking report, here are some key dynamics forming this market:

Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a vast array of residential or commercial property sizes, from massive shopping centers like Granada Center Mall with a Gross Leasable Area (GLA) of approximately 100,000 m TWO, to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety accommodates a broad spectrum of consumer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single area but are spread throughout the city. This circulation permits a varied financial investment method, targeting various demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by elements such as increasing population, urbanization, and a shift in consumer costs 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 study are noted for their high requirements and quality tenants. This element is vital as it influences foot traffic, tenant retention, and overall residential or commercial property worth.
Catchment Areas

Catchment locations are an important aspect of retail realty, especially for shopping centers, as they directly influence the potential success of these residential or commercial properties. In Riyadh's retail landscape, understanding these locations is vital for financiers.

Here's what the report exposes about catchment areas:

- Definition and Importance: A catchment location is the geographic area from which a shopping center or retail center draws its customers. It's significant because it impacts foot traffic, sales potential, and ultimately, 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 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 retail landscape. Its considerable coverage demonstrates 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 major attraction in the city's retail sector.
- Captive Population: Looking much deeper into the numbers, Granada Center Mall has the highest share of a captive population, totaling up to 23.8% of Riyadh's overall population. This indicates a strong faithful consumer 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 highest 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 essential for making educated financial investment decisions.

- Granada Center Mall: As of August 2022, this shopping mall, being one of the largest in Riyadh, reveals a tenancy rate of 64%. It's crucial to keep in mind that some parts of the shopping mall were under remodelling at the time, which may have affected this figure.
- Riyadh Park Mall: This shopping center, presently the biggest in regards to Gross Leasable Area, has an excellent tenancy rate of 91.2%, showing high tenant retention and constant customer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this mall stands as another essential gamer in the market, showing a strong and stable renter base.
- Al Nakheel Mall: This residential or commercial property, essential 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 ² each year aren't attended to each mall, the report suggests that all the malls included follow a comparable prices structure. This harmony recommends a market requirement, which can be a critical aspect for investors when examining the prospective roi.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second biggest mall in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping mall in Riyadh. The occupancy is 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 financial investment in Riyadh's bustling market. Here's a thorough appearance at its characteristics, making it a noteworthy 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 sufficient space for a diverse range of retail and entertainment options.
- Size and Structure: The shopping mall incorporates an overall built-up location of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m TWO. This substantial size is distributed throughout 3 floors, offering a large selection of leasing choices.
- Leasable Area Distribution: The leasable area is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m ²
  . -Basement: 3,103 m TWO
  . -This distribution enables for a different mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial number of anchor stores, even more improving its appeal. The variety in its tenant mix accommodates a broad spectrum of customer choices.
  - Occupancy Rates: As of August 2022, the shopping center had a high occupancy rate of 91.2%. This is a sign of its popularity among retailers and customers alike, suggesting a stable stream of foot traffic and consistent income generation.
  - Investment Appeal: Given its tactical place, sizable GLA, varied occupant mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success elements as a guide for what investors need to search for in prospective 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".
  - "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 destination in Riyadh, provides important insights into the city's retail genuine estate market. Let's check out why it stands as a significant case research study for potential financiers:
  
  - Prime Location: The mall lies in Dammam, Ash Shohda, Ar Rawdah, strategically placed to draw in a large client base.
  - Extensive Area: Covering an acreage of 421,330 m ², Granada Center Mall is one of the biggest in Riyadh. It has an overall built-up location 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 attentively dispersed over 2 floorings, enhancing the shopping experience. The floor-wise distribution is as follows:.
  
• First Floor: 60,027 m ²
  . -Ground Floor: 42,052 m ²
  . -Tenant Diversity: The shopping center hosts a variety of renters, consisting of local and international brand names, which accommodates a broad group, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partially under restoration, the shopping mall preserved a 64% tenancy rate as of August 2022. This figure is most likely to enhance post-renovation, making it an appealing possibility 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 big GLA and remodelling strategies signal potential for value gratitude, making it an attractive option for investors.
  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 ² ".-" Occupancy (Aug 2022): 64% (some parts of the mall under remodelling)".
  Case Study 3: Al Nakheel Mall
  cnbc.com
  Al Nakheel Mall, an essential retail residential or commercial property in Riyadh, provides 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 take advantage of its position in a populous and affluent location of Riyadh.
  - Substantial Size and Offering: The shopping mall covers an acreage of 238,769 m ² with an overall built-up location of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m ². This extensive size facilitates a diverse 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, interesting a wide consumer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix consists of a series of regional and global brand names, drawing in a diverse group of buyers and guaranteeing consistent step.
  - Occupancy and Investment Potential: As of August 2022, the shopping center reported a tenancy rate of 82.0%. This reasonably high occupancy rate, combined with its size and location, marks Al Nakheel Mall as a promising financial investment opportunity in the Riyadh retail market.
  - Additional Considerations: The shopping center is part of the Arabian Center Group, adding to its credibility and appeal. Its large GLA and varied renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.