jmtmortgage.net
Riyadh's retail realty market is a dynamic and progressing landscape, offering a myriad of chances for savvy investors. Based on the thorough benchmarking report, here are some essential dynamics forming 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 approximately 100,000 m TWO, to smaller sized retail centers like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This diversity caters to a broad spectrum of customer requirements and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location but are spread throughout the city. This distribution permits for a diverse investment approach, targeting various demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by factors such as increasing population, urbanization, and a shift in consumer spending habits. This development trajectory recommends an appealing future for retail financial investments in the area.
Quality and Standards: The picked residential or commercial properties for the research study are kept in mind for their high standards and quality tenants. This aspect is essential as it affects foot traffic, renter retention, and total residential or commercial property value.
Catchment Areas

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

Here's what the report reveals about catchment areas:

- Definition and Importance: A catchment location is the geographic location from which a shopping center or retail center draws its consumers. It's considerable due to the fact that it impacts foot traffic, sales capacity, and eventually, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping center sticks out with its catchment location covering an exceptional 40.5% of Riyadh's population. This high percentage suggests its considerable 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 protection shows its value 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 significant attraction in the city's retail sector.
- Captive Population: Looking much deeper into the numbers, Granada Center Mall has the greatest share of a captive population, totaling up to 23.8% of Riyadh's overall population. This suggests 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% 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 property market, understanding lease rates and occupancy patterns is crucial for making educated investment choices.

- Granada Center Mall: As of August 2022, this shopping mall, being among the largest in Riyadh, shows an occupancy rate of 64%. It is necessary to keep in mind that some parts of the shopping center were under renovation at the time, which may have affected this figure.
- Riyadh Park Mall: This mall, currently the largest in terms of Gross Leasable Area, has an outstanding tenancy rate of 91.2%, suggesting high tenant retention and consistent customer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping center stands as another crucial gamer in the market, showing a strong and steady renter base.
- Al Nakheel Mall: This residential or commercial property, important 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 ² per year aren't provided for each shopping mall, the report indicates that all the malls included follow a similar prices structure. This uniformity recommends a market standard, which can be an important factor for investors 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 big shopping center 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

Case Study 1: Riyadh Park Mall

Riyadh Park Mall stands as a shining example of an effective retail investment in Riyadh's busy market. Here's an in-depth take a look at its qualities, 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 tactically located. It boasts an acreage of 139,118 m TWO, providing sufficient space for a diverse range of retail and entertainment options.
- Size and Structure: The mall encompasses a total 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 floorings, offering a large variety of leasing options.
- 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 ²
  . -This distribution permits for a different mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial number of anchor stores, further enhancing its appeal. The variety in its occupant mix accommodates a broad spectrum of consumer choices.
  - Occupancy Rates: Since August 2022, the shopping mall had a high tenancy rate of 91.2%. This is indicative of its popularity amongst sellers and consumers alike, recommending a stable stream of foot traffic and consistent profits generation.
  - Investment Appeal: Given its tactical area, large GLA, varied occupant mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success elements work as a guide for what investors 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 popular retail destination in Riyadh, uses important insights into the city's retail realty market. Let's explore why it stands as a significant case study for possible financiers:
  
  - Prime Location: The shopping center is situated in Dammam, Ash Shohda, Ar Rawdah, strategically placed to bring in a large consumer base.
  - Extensive Area: Covering a land area of 421,330 m ², Granada Center Mall is one of the biggest 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 center's substantial leasable location is thoughtfully distributed over 2 floors, improving the shopping experience. The floor-wise circulation is as follows:.
  
• First Floor: 60,027 m TWO
  . -Ground Floor: 42,052 m ²
  . -Tenant Diversity: The shopping center hosts a variety of occupants, consisting of local and worldwide brand names, which accommodates a broad demographic, increasing its appeal as a retail destination.
  - 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 appealing possibility 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 strategies signal potential for worth appreciation, making it an enticing 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 ² ".-" Occupancy (Aug 2022): 64% (some parts of the mall under renovation)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, an essential retail residential or commercial property in Riyadh, emerges as an intriguing 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 take advantage of its position in a populated and affluent location of Riyadh.
  - Substantial Size and Offering: The shopping mall covers an acreage of 238,769 m two 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 facilitates a diverse 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 TWO- This deals with various retail and leisure experiences, interesting a wide consumer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix consists of a series of local and worldwide brand names, bring in a diverse group of shoppers and ensuring steady footfall.
  - Occupancy and Investment Potential: Since August 2022, the shopping mall reported an occupancy rate of 82.0%. This relatively high occupancy rate, combined with its size and location, marks Al Nakheel Mall as an appealing investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping mall is part of the Arabian Center Group, contributing to its trustworthiness and appeal. Its big GLA and diverse renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.