Riyadh Office Real Estate Supply Registered CAGR of 6% during 2013-2016: 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 Saudi Arabia office real estate market (purchase/lease, Manufacturing and service sector contribution, Contribution of Oil and Gas Sector); Regulatory environment and Investment structure; Riyadh office real estate market by (demand and supply, Average rental rate, by location); Case Study on (Elegance Tower, Al Saedan Towers, Tijan Plaza, Hamad Tower, Tatweer Tower) December 2017 |Riyadh News Constant supply of office space in the market will keep the rental at constant level with very little fluctuation. Demand for office space is expected to rise as contribution of banking, insurance, tourism and business processes in services sector rise in the economy. Government initiatives to ease FDI and promote private participation in finance of real estate and other businesses is expected to boost the supply as well as demand market in the Riyadh office real estate market. Supply of office real estate is expected to register constant increase with positive CAGR during 2017-2021. As grade A and B office space development have concentrated primarily on King Fahad and Olaya roads in Al Olaya district traffic congestion, lack of parking spaces and increasing rents has led the upcoming developments scattered along different arterial roads predominantly on northern side of the city. Completion of Riyadh metro will make north a more attractive option for new and upcoming offices. It is expected that completion of KAFD, ITCC and Nakhla tower will add over a million square meters. This will make the northern part of Riyadh a key office destination replacing CBD. Majority of the office space developed in this area is of the A and B type. Governments plan to cut down the staff by 20% may have negative impact on the Riyadh office space market, however plans such as Vision 2030 and NTP 2020 are expected to have positive impact on the demand for office spaces in the city. Demand for office real estate is expected to remain positive however rental rates will register fluctuation remaining almost constant at around its 2016 level. Governments focus on promoting financial inclusion, connectivity services and manufacturing sector will create majority of the future demand for office space in the city. Riyadh employs more than quarter of the workable population in Saudi Arabia and will continue its dominance in workforce employment creating huge demand in future. Ken Research in its latest study, Riyadh Office Real Estate Market by Major Projects (Elegance Tower, Al Saedan Towers, Tijan Plaza, Hamad Tower, Tatweer Tower) -Outlook to 2021, observed that North will emerge as the new centre for office real development. Dedicated areas catering to specific set of industries will boost the development of clusters which will create well defined demand for specific type of offices. Government role in easing norms for foreign investment and way of living for expats in certain areas will help it to attract best talent to develop the country and business. Riyadh office real estate market is estimated to register a positive CAGR during 2017-2021. The report provides information on the supply and demand of office space in Riyadh along with explanation for supply and demand gap. It also covers the distribution of office space by major regions in the city and average rental rates for different types of buildings. To know more, click on the link below: https://www.kenresearch.com/manufacturing-and-construction/real-estate/riyadh-office-real-estate-market/142284-97.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications ankur [@] kenresearch.com +91-9015378249 www.kenresearch.com Post Views: 10 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