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Riyadh's retail realty market is a dynamic and evolving landscape, offering a myriad of opportunities for savvy financiers. Based on the thorough benchmarking report, here are some essential characteristics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a large 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 hubs like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety 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 location but are spread out throughout the city. This distribution permits a varied financial investment method, targeting various 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 consumer spending routines. This growth trajectory suggests an appealing future for retail investments in the region.
Quality and Standards: The selected residential or commercial properties for the study are kept in mind for their high standards and quality tenants. This aspect is crucial as it affects foot traffic, renter retention, and general residential or commercial property worth.
Catchment Areas

Catchment areas are a critical element of retail property, particularly for shopping centers, as they directly influence the potential success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these locations is essential for investors.

Here's what the report exposes about catchment locations:

- Definition and Importance: A catchment area is the geographical area from which a mall or retail center draws its clients. It's considerable since it affects foot traffic, sales capacity, and ultimately, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping center stands apart with its catchment area covering an impressive 40.5% of Riyadh's population. This high portion suggests its considerable effect 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 player in Riyadh's retail landscape. Its considerable coverage shows 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 major tourist attraction in the city's retail sector.
- Captive Population: Looking 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 loyal customer base that predominantly 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 greatest share of captive population of Riyadh City with 23.8%.".
Lease Rates and Occupancy Trends

In the Riyadh retail realty market, comprehending lease rates and tenancy patterns is vital for making informed financial investment decisions.

- Granada Center Mall: As of August 2022, this shopping center, being among the biggest in Riyadh, reveals a tenancy rate of 64%. It is necessary to keep in mind that some parts of the mall were under at the time, which may have impacted this figure.
- Riyadh Park Mall: This shopping center, presently the largest in terms of Gross Leasable Area, has an outstanding occupancy rate of 91.2%, showing high renter retention and constant customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping mall stands as another crucial player in the market, showing a strong and steady renter base.
- Al Nakheel Mall: This residential or commercial property, essential 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 two annually aren't offered each shopping center, the report indicates that all the shopping centers included follow a comparable pricing structure. This uniformity suggests a market standard, which can be a crucial element for investors when evaluating the potential roi.
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 big shopping center in Riyadh. The occupancy is 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 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 an acreage of 139,118 m TWO, offering ample space for a diverse variety of retail and home entertainment alternatives.
- Size and Structure: The shopping center 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 dispersed across three floorings, offering a large selection of leasing options.
- Leasable Area Distribution: The leasable location is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m TWO
  . -Basement: 3,103 m ²
  . -This distribution permits for a varied mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant number of anchor stores, even more boosting its appeal. The variety in its renter mix deals with a broad spectrum of consumer preferences.
  - Occupancy Rates: As of August 2022, the shopping center had a high occupancy rate of 91.2%. This is indicative of its popularity among retailers and consumers alike, recommending a constant stream of foot traffic and constant revenue generation.
  - Investment Appeal: Given its tactical place, large GLA, diverse renter mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success factors serve as a guide for what financiers should 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 destination in Riyadh, provides valuable insights into the city's retail realty market. Let's check out why it stands as a considerable case study for potential investors:
  
  - Prime Location: The shopping mall lies in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to draw in a large consumer 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 location of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The shopping mall's extensive 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, including regional and worldwide brands, which deals with a broad market, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partially under renovation, the shopping mall maintained a 64% occupancy rate since August 2022. This figure is likely to improve post-renovation, making it an attractive prospect for future development.
  - Investment Potential: Granada Center Mall's size, place, and renter mix position it as a strong competitor in Riyadh's retail market. Its big GLA and remodelling plans signal potential for value appreciation, 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 TWO ".-" Occupancy (Aug 2022): 64% (some parts of the shopping mall under renovation)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a crucial retail residential or commercial property in Riyadh, presents itself as an appealing case study for investors. Here's an in-depth expedition of its functions:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall benefits from its position in a populated and wealthy area of Riyadh.
  - Substantial Size and Offering: The mall 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 TWO. This extensive size facilitates a diverse range 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 circulation deals with various retail and leisure experiences, appealing to a large consumer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix consists of a variety of regional and global brands, drawing in a diverse group of consumers and guaranteeing steady footfall.
  - Occupancy and Investment Potential: As of August 2022, the shopping mall reported a tenancy rate of 82.0%. This reasonably high tenancy rate, integrated with its size and area, marks Al Nakheel Mall as an appealing financial investment opportunity in the Riyadh retail market.
  - Additional Considerations: The shopping center is part of the Arabian Center Group, contributing to its trustworthiness and appeal. Its large GLA and varied renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.