Riyadh Retail Real Estate Market Outlook to 2021: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report titled “Riyadh Retail Real Estate Market Outlook to 2021 – Oversupply and Downward Stress on Rental Rates to Trigger Cautions Outlook” provides a comprehensive analysis of the retail real estate sector in Riyadh. The report covers current and future retail demand and supply on the basis of gross leasing area. Retail mall categories along with their annual rental rates have also been presented in the report. In addition, current and future supply gap along with upcoming retail projects have also been showcased in the report. This report will help industry consultants, real estate and construction companies, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. Introduction Evolution of the retail sector has transformed the Kingdom’s landscape from small unorganized retail outlets and line shops to the development of large scale shopping malls with international brands, entertainment zones and world class hypermarkets. The primary reason for this trend is because retailers have realized the higher footfall from regional and super regional malls as a result of integrated spaces and shift in consumer shopping experience towards leisure and entertainment. Retail Demand and Supply The total retail supply in Riyadh inclined from ~ million square meters during 2012 to ~ million square meters of gross leasing area during 2016, registering a CAGR of ~% during the same period. Conversely, total occupied retail space inclined to ~ million square meters of gross leasing area during 2016 from approximately ~ million square meters during 2012, achieving a CAGR of ~% during the same period. The labor ministry signed an agreement to allow women to work at lingerie shops, thus increasing employment and income level of Saudi women in the retail sector. Apart from the rising tourism in Riyadh, more domestic households opting to stay within the country during vacations have resulted in higher retail earnings. Saudi Arabian General Investment Authority (SAGIA) had announced during 2015 to allow 100% foreign ownership in retail businesses. This move is expected to increase demand for retail space by international brands in the coming years. Retail Mall Categories The retail real estate market in Riyadh comprises of various small and large scale developmental projects. Retail mall categories comprise of regional, super regional and community centers. Super regional and regional malls accounted for nearly ~% of the overall retail supply in Riyadh during 2016. Conversely, community centers comprise of standalone retail outlets, supermarket and hypermarket and have accounted for ~% of overall retail supply in the city during 2016. Average Rental Rates The rental rate charged by mall developers varies across different mall categories in Riyadh. It is evident that rental rates for regional and super regional mall are much higher in comparison to community centers and stand alone stores because of better location, potential to get international brands and reputed anchor stores to the mall and robust infrastructure facilities. Within these regional and super regional malls however, rental rates differ based on area, location within the mall and brand power. The annual average rental rate increased to a high of SAR ~ per Sq M during 2015 from SAR ~ per Sq M during 2012. However, downward pressure on rental rates caused this figure to decline to SAR ~ per Sq M during 2016. Future Retail Demand and Supply The total retail supply in Riyadh is estimated to incline to ~ thousand Sq M of GLA by 2021 from thousand Sq M during 2016, registering a CAGR of ~% during the same period. Conversely, retail demand is projected to augment from ~ thousand Sq M during 2016 to ~ thousand Sq M of occupied space by 2021, achieving a CAGR of ~% during the same period. Saudi Vision 2030 with respect to feminization in the retail sector has targeted women participation in the workforce to increase from the current 22% to 30%. Increased female participation in the retail sector will positively impact and will lead to increased number of female owned businesses coupled with higher spending power. Increasing retail supply along with a slow conversion rate is expected to cause retail oversupply to reach ~ thousand Sq M. of gross leasing area by 2021. Key Topics Covered in the Report: Ksa Real Estate Market Riyadh Retail Real Estate Market Overview of the Retail Real Estate Market in Saudi Arabia Upcoming Shopping Malls in Riyadh Factors influencing the sector of retailing in Saudi Arabia Real Estate Companies Malls Riyadh Retail Demand-Supply and Supply Gap Analysis in Riyadh Regional Malls Market Riyadh Rental Rates Super Regional Malls Riyadh Retail Mall Categories and Average Retail Rental Rates in Riyadh Ksa Retail Real Estate Market Factors Affecting Retail Supply Riyadh Future Retail Demand-Supply, Supply Gap Analysis and Key upcoming Malls in Riyadh City Shopping Centres in Riyadh Rental Rate Regional Malls Riyadh Riyadh Supermarket Hypermarket Industry For further reading click on the link below: https://www.kenresearch.com/manufacturing-and-construction/real-estate/riyadh-retail-real-estate-market/122993-97.html Related Reports by Ken Research https://www.kenresearch.com/manufacturing-and-construction/real-estate/qatar-real-estate-market/112182-97.html https://www.kenresearch.com/manufacturing-and-construction/real-estate/philippines-real-estate-market-research-report/29319-97.html https://www.kenresearch.com/manufacturing-and-construction/infrastructure/bouwinvest-real-estate-investment-management-bv/115221-97.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Al Sadhan Malls in Riyadh, Case Study Othaim Mall in Riyadh, Community Center Riyadh Market, Factors Affecting Retail Supply Riyadh, Future Outlook Retail Supply Riyadh, Growth Shopping Centres in Riyadh, Ksa Real Estate Market, Ksa Retail Real Estate Market, Real Estate Companies Malls Riyadh, Regional Malls Market Riyadh, Rental Rate Regional Malls Riyadh, Rental Rates Super Regional Malls Riyadh, Riyadh Retail Mall Demand, Riyadh Retail Real Estate Market, Riyadh Retail Supply Gross Leasable Area, Riyadh Shopping Mall Market, Riyadh Supermarket Hypermarket Industry, Shopping Centres in Riyadh, Shopping Malls in Saudi Arabia, Super Regional Malls Market Saudi Arabia, Upcoming Shopping Malls in Riyadh