commit 828cc10cf070fb7dc55649d1fbf80b4a5f1ca36d Author: Liza Burdett Date: Fri Jun 13 20:49:33 2025 +0900 Update 'The Investor's Map To Riyadh Retail Properties' diff --git a/The-Investor%27s-Map-To-Riyadh-Retail-Properties.md b/The-Investor%27s-Map-To-Riyadh-Retail-Properties.md new file mode 100644 index 0000000..1f3545d --- /dev/null +++ b/The-Investor%27s-Map-To-Riyadh-Retail-Properties.md @@ -0,0 +1,85 @@ +
Riyadh's retail real estate market is a vibrant and developing landscape, providing a myriad of chances for smart financiers. Based on the extensive benchmarking report, here are some crucial dynamics forming this market:
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Diversity in Residential Or Commercial Property Sizes: The market showcases a wide variety 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 ². This diversity deals with a broad spectrum of consumer needs and preferences. +
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location however are spread out throughout the city. This circulation allows for a different investment approach, targeting different demographics and socio-economic segments. +
Growth Prospects: The retail sector in Riyadh is growing, driven by elements such as increasing population, urbanization, and a shift in consumer costs practices. This growth trajectory recommends a promising future for retail investments in the area. +
Quality and Standards: The chosen residential or commercial properties for the research study are noted for their high standards and quality tenants. This aspect is vital as it affects foot traffic, occupant retention, and general residential or commercial property value. +
+Catchment Areas
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Catchment locations are a vital element of retail property, especially for malls, as they straight influence the possible success of these residential or commercial properties. In Riyadh's retail landscape, understanding these areas is necessary for financiers.
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Here's what the report exposes about catchment locations:
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- Definition and Importance: A catchment area is the geographical area from which a mall or retail center draws its consumers. It's considerable since it affects foot traffic, sales potential, 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 impressive 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 incorporates 35% of the city's population, Al Nakheel Mall is another essential gamer in Riyadh's retail [landscape](https://lefkada-hotels.gr). Its considerable coverage demonstrates its value as a retail destination. +
- Riyadh Park Mall: This mall has a catchment that [consists](https://shubhniveshpropmart.com) of 32.1% of Riyadh's population, marking it as a major tourist 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, amounting to 23.8% of Riyadh's total population. This indicates a strong faithful client base that primarily frequents this mall over others. +
+Quotation from the Report:
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- "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
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In the Riyadh retail real estate market, understanding lease rates and occupancy trends is vital for making educated financial investment decisions.
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- Granada Center Mall: As of August 2022, this shopping center, being among the biggest in Riyadh, shows a tenancy rate of 64%. It is necessary to keep in mind that some parts of the mall were under renovation at the time, which might have impacted this figure. +
- Riyadh Park Mall: This [shopping](https://realestategrupo.com) center, presently the biggest in terms of Gross Leasable Area, has an impressive occupancy rate of 91.2%, suggesting high occupant retention and consistent customer traffic. +
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping center stands as another crucial gamer in the market, reflecting a strong and stable renter base. +
- Al Nakheel Mall: This residential or commercial property, essential to the Arabian Center Group, reported a tenancy rate of 82.0%, [showcasing](https://www.varni.ae) its robust standing in the market. +
- Lease Rates: While specific figures for lease rates per m two annually aren't offered for each mall, the report suggests that all the shopping malls consisted of follow a similar pricing structure. This harmony recommends a market requirement, which can be a crucial factor for financiers when evaluating the prospective return on financial investment. +
+Quotation from the Report:
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- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second largest mall in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another big 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
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Case Study 1: Riyadh Park Mall
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Riyadh Park Mall stands as a shining example of a successful retail financial investment in Riyadh's dynamic market. Here's an extensive take a look at its qualities, making it a noteworthy case study:
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- Location and Area: Situated on Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal, Riyadh Park Mall is tactically [located](https://fortressrealtycr.com). It boasts a land area of 139,118 m TWO, using sufficient area for a varied series of retail and entertainment alternatives. +
- Size and Structure: The shopping center incorporates an overall built-up area of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This significant size is distributed throughout 3 floorings, providing a large array of renting choices. +
- Leasable Area Distribution: The leasable area 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 entertainment outlets. +
+- Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable number of anchor shops, further enhancing its appeal. The variety in its tenant mix deals with a broad spectrum of customer preferences. +
- Occupancy Rates: Since August 2022, the mall had a high tenancy rate of 91.2%. This is a sign of its popularity amongst retailers and customers alike, recommending a consistent stream of foot traffic and consistent revenue generation. +
- Investment Appeal: Given its tactical location, substantial GLA, varied renter mix, and high occupancy rate, Riyadh Park Mall represents a robust investment chance. Its success elements serve as a guide for what financiers must try to find in prospective retail residential or commercial property investments in Riyadh. +
+Quotation from the Report:
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- "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
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Granada Center Mall, a popular retail location in Riyadh, provides valuable insights into the [city's retail](https://lewisandcorealty.ca) genuine estate market. Let's explore why it stands as a substantial case study for prospective investors:
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- Prime Location: The mall is situated in Dammam, Ash Shohda, Ar Rawdah, strategically placed to bring in a wide consumer base. +
[- Extensive](https://libhomes.com) Area: Covering a land location of 421,330 m TWO, Granada Center Mall is one of the largest in Riyadh. It has a total built-up location of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m ² +
. -Leasable Area and Structure: The mall's substantial leasable location is thoughtfully dispersed over 2 floors, enhancing the shopping experience. The floor-wise distribution 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 brand names, which deals with a broad demographic, increasing its appeal as a retail location. +
- Occupancy Rate: Despite being partly under restoration, the shopping mall maintained a 64% tenancy rate since August 2022. This figure is most likely to improve post-renovation, making it an attractive possibility for future growth. +
- Investment Potential: [Granada](https://ladygracebandb.com) Center Mall's size, area, and occupant mix position it as a strong contender in Riyadh's retail market. Its big GLA and remodelling plans signal capacity for value gratitude, making it an attractive option for financiers. +
+Quotation from the Report:
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- "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah". +
- "Acreage: 421,330 m ² ".-" Total Built-up Area: 318,064 m TWO ".-" Gross Leasable Area: 102,080 m ² ".-" Occupancy (Aug 2022): 64% (some parts of the shopping center under renovation)". +
+Case Study 3: Al Nakheel Mall
[rentals.pt](https://www.rentals.pt/) +
Al Mall, a crucial retail residential or commercial property in Riyadh, provides itself as an intriguing case study for investors. Here's a comprehensive exploration of its functions:
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- Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping mall advantages from its position in a populated and upscale area of Riyadh. +
- Substantial Size and Offering: The shopping mall covers a land location of 238,769 m ² 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 assists in a diverse series of retail and leisure offerings. +
- Leasable Area [Distribution](https://turk.house) Across Floors:. +
+- Second Floor: 20,767 m ² +
. -First Floor: 58,463 m ² +
+. Ground Floor: 2,091 m TWO- This circulation deals with various retail and leisure experiences, attracting a large consumer base. +
+- Tenant Diversity: Al Nakheel Mall's tenant mix consists of a variety of local and [worldwide brand](https://lilypadpropertiesspain.co.uk) names, bring in a diverse group of shoppers and ensuring constant tramp. +
- Occupancy and Investment Potential: As of August 2022, the mall reported a tenancy rate of 82.0%. This relatively high tenancy rate, integrated with its size and place, marks Al Nakheel Mall as an appealing financial investment chance in the Riyadh retail market. +
- Additional Considerations: The 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.
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