Office Real Estate Market in Riyadh Led by Demand from Private Sector of Economy: 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 Focus on diversification of economy, promotion of manufacturing and services sector and demand from services related to rising number of industrial unit led the growth in demand for office space in Riyadh. Saudi Arabia is a key oil exporting country in the world and in the past few years has witnessed significant rise in other form of industries and services including energy, education banking and other service. This diversification of economy has created a significant rise in demand for office spaces across the country and especially in the capital city of Riyadh. Private players are the key participants in the rental office real estate market with small contribution coming from government agencies. During the period 2013-2016 office real estate market has registered constant increase in demand and supply with supply exceeding the demand all the time. Rentals have remained nearly constant for most of the period and were dependent on type and area of the office. Demand was maximum in the central business district which occupies the major portion of the office space supply in the the city of Riyadh. Rising share of private participation in the economy, entry of large number of foreign companies and positive developments in services and manufacturing sector along with growing participation of Saudi and women workforce promoted the demand for office space which is expected to continue in future. Demand for office space in Riyadh may face stiff competition from office space development in Jeddah and other cities. Government support will continue to play a key in creating new jobs and diversification of economy from oil and gas creating additional demand for office space in the city. The report titled “Riyadh Office Real Estate Market by Major Projects (Elegance Tower, Al Saedan Towers, Tijan Plaza, Hamad Tower, Tatweer Tower) -Outlook to 2021” by Ken Research suggested that a Total occupied office space increased from 1.9 million square meters in 2013 to approximately 2.2 million square meters during 2016, achieving a CAGR of 4.4% during the same period. In 2016, the supply demand gap continues to exist even though the delay was observed in delivery of mammoth office spaces in KAFD For More Information on the Research Report, refer to below links: – Riyadh Office Real Estate Market Related Reports by Ken Research Singapore Real Estate Market Outlook to 2023 – By Residential Market (New Sales, Re-Sales and Sub-Sales), By Retail Market (Private and Public Retail Space), By Office Market (Private and Public Office Space) and By Hotel Market (Gazetted and Non-Gazetted Hotels) Australia Real Estate Market Outlook to 2023 – By Residential (Apartment & Villas), By Retail (Regional, Sub-Regional, Neighborhood, CBD, Large Format Retail and Others), By Office (Grade A, Grade B and Premium Offices) and By Hotel (3 Star, 4 Star, 5 Star and Other Hotels) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Post Views: 2 Tags: Demand Supply Gap Commercial Riyadh, Elegance Towers Case Study, Hamad Tower Occupancy Rate, Location wise Demand Office Space Riyadh, Market Insight Office Riyadh, New Commercial Projects Riyadh, New Office Space Projects in Riyadh, New Upcoming Projects Office Space, Number of Commercial Units Riyadh, Project Profile Al Saedan Towers, Rental Rates Office Space Riyadh, Rents and Yields in Office Riyadh, Riyadh City Demand Office Space, Riyadh Commercial Real Estate Market, Riyadh Commercial Space Demand, Riyadh Commercial Unit Rental Rate, Riyadh Office Real Estate Developers, Riyadh Office Real Estate Market, Riyadh Office Real Estate Supply, Riyadh Real Estate Market Overview, Saudi Arabia Office Market, Saudi Arabia Office Real Estate Potential, Supply Demand Gap Riyadh Office, Tatweer Tower Rentable Area, Tijan Plaza Project Overview