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Riyadh's retail realty market is a vibrant and evolving landscape, providing a huge selection of chances for savvy financiers. Based upon the extensive benchmarking report, here are some essential characteristics forming this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a vast array of residential or commercial property sizes, from large-scale shopping centers like Granada Center Mall with a Gross Leasable Area (GLA) of roughly 100,000 m TWO, to smaller sized retail centers like Boulevard Mall, boasting a GLA of around 8,000 m ². This diversity caters to 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 out across the city. This circulation permits for a different investment technique, targeting various demographics and socio-economic sections.
Growth Prospects: The retail sector in Riyadh is growing, driven by factors such as increasing population, urbanization, and a shift in customer spending habits. This growth trajectory recommends a promising future for retail financial investments in the region.
Quality and Standards: The picked residential or commercial properties for the research study are kept in mind for their high standards and quality occupants. This aspect is important as it influences foot traffic, tenant retention, and general residential or commercial property value.
Catchment Areas

Catchment locations are a vital aspect of retail real estate, particularly for malls, as they directly affect the possible success of these residential or commercial properties. In Riyadh's retail landscape, understanding these areas is important for financiers.

Here's what the report exposes about catchment locations:

- Definition and Importance: A catchment location is the geographical location from which a mall or retail center draws its clients. It's considerable since it affects foot traffic, sales potential, and eventually, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping center stands out with its catchment area covering an exceptional 40.5% of Riyadh's population. This high percentage shows its substantial 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 essential player in Riyadh's retail landscape. Its significant protection shows its importance 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 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 total population. This indicates a strong loyal consumer base that predominantly 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, comprehending lease rates and occupancy patterns is crucial for making informed financial investment choices.

- Granada Center Mall: Since August 2022, this shopping center, being one of the biggest in Riyadh, shows an occupancy rate of 64%. It is very important to note that some parts of the shopping center were under renovation at the time, which may have impacted this figure.
- Riyadh Park Mall: This mall, currently the biggest in terms of Gross Leasable Area, has a remarkable occupancy rate of 91.2%, indicating high tenant retention and consistent consumer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping mall stands as another crucial player in the market, reflecting 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 particular figures for lease rates per m two annually aren't attended to each shopping mall, the report shows that all the malls consisted of follow a comparable pricing structure. This uniformity suggests a market requirement, which can be a vital element for investors when examining the possible return on financial investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd largest shopping center in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another large shopping center in Riyadh. The tenancy is very great at 93.3%." [Riyadh Gallery Mall]
- "A crucial 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 a thorough appearance 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 an acreage of 139,118 m TWO, offering sufficient 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 ². This significant size is dispersed throughout three floors, providing a vast variety 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 ²
  . -This distribution enables a diverse mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant variety of anchor stores, even more enhancing its appeal. The diversity in its occupant mix accommodates a broad spectrum of consumer preferences.
  - Occupancy Rates: Since August 2022, the shopping center had a high tenancy rate of 91.2%. This is a sign of its popularity amongst sellers and consumers alike, suggesting a steady stream of foot traffic and constant profits generation.
  - Investment Appeal: Given its strategic location, sizable GLA, varied occupant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment opportunity. Its serve as a guide for what financiers should look for 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".
  - "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, uses valuable insights into the city's retail genuine estate market. Let's explore why it stands as a substantial case study for possible financiers:
  
  - Prime Location: The shopping center is located in Dammam, Ash Shohda, Ar Rawdah, tactically placed to draw in a large client base.
  - Extensive Area: Covering an acreage of 421,330 m TWO, 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 ²
  . -Leasable Area and Structure: The mall's comprehensive leasable area is thoughtfully dispersed over two 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, including regional and worldwide brands, which caters to a broad group, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partly under renovation, the mall kept a 64% occupancy rate since August 2022. This figure is most likely to improve post-renovation, making it an appealing prospect for future growth.
  - Investment Potential: Granada Center Mall's size, location, and renter mix position it as a strong competitor in Riyadh's retail market. Its big GLA and restoration plans signal potential for value gratitude, making it an appealing option for financiers.
  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 ² ".-" Occupancy (Aug 2022): 64% (some parts of the shopping mall under renovation)".
  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 investors. Here's a detailed expedition of its functions:
  
  - 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 wealthy location of Riyadh.
  - Substantial Size and Offering: The 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 comprehensive 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 ²- This distribution accommodates various retail and leisure experiences, interesting a broad consumer base.
  
• Tenant Diversity: Al Nakheel Mall's tenant mix consists of a series of regional and global brand names, bring in a diverse group of shoppers and ensuring steady footfall.
  - Occupancy and Investment Potential: As of August 2022, the shopping center reported an occupancy rate of 82.0%. This relatively high occupancy rate, combined with its size and place, marks Al Nakheel Mall as an appealing investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping 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.