Riyadh Office Market Future Outlook, Opportunities And Development Trends: 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 How Riyadh Office Market Is Positioned? All property classes including office properties within Riyadh’s real estate sector softened in 2017. It was found out that the pace of growth in the office sector appears to be slowing. Average rentals in the Riyadh office market have remained unchanged over the last quarter. As tenants continue to prefer Grade-A office buildings, some owners have been able to take advantage of the delays in the delivery of office space in the KAFD and ITCC projects to raise their asking rents in light of declining vacancy rates. Although Riyadh’s economy is growing, the excess supply of office space from KAFD and ITCC is likely to result in increased vacancies over the next 12 months, thereby creating downward pressure on average rentals. Interested to Know More about this Report- Request for a sample report The Riyadh Office Market has been dealing with a lot of uncertainties due to the changing economic frame of the country and the influx of non-oil generated revenue being promoted by the government rigorously. The Riyadh office market is skewed towards the supply side as there is shortage for premium office which is highly demanded in the office market. The government is playing an influential role in bringing business to the country by relaxing business norms and making it easier for other countries to invest in Saudi Arabia. Other initiatives of government such as Vision 2030 and NTP are the highlight for the dynamics of the Riyadh office market. Such initiatives are driven towards promoting the diversification of economy of the country away from oil generated revenue towards other sectors such as service and manufacturing sectors. Delays in the completion of new projects and the limited supply of available space within the preferred existing buildings have resulted in a spike in rentals in these locations. Some Grade A buildings on King Fahd Road have increased their asking rentals by 8%- 10% over the past year Factors Influencing The Office Market In Riyadh Region Strong Government Initiatives While demand for office space remained subdued over the first quarter of 2019, this is expected to pick up in the long term on the backed by government initiatives undertaken to encourage the private sector’s participation in the economy, particularly through entrepreneurship and the growth of small-to-medium enterprises (SME’s). This is likely to promote demand for smaller, fitted out office units within mixed-use developments. The Saudi government is actively promoting the ease of doing business in Saudi Arabia. The largest oil-export driven country is looking forward to diversify their economy. Saudization In accordance with Jawazat Saudi Arabia Forum and the country’s Al-Hayat newspaper, the first quarter of 2018 saw the departure of ~ expatriates on final exit visa when compared to ~ during the same period last year, thereby creating more employment opportunities for Saudi nationals. The decline took place because of a hike in fuel prices, introduction of VAT and the impact of the financial levy on expatriate workers. Employees that are foreign nationals are leaving the Kingdom in response to increase in the cost of living. Companies may reduce the number of expatriates occupying entry level positions, instead choosing to train and hire Saudi and other GCC nationals. Emergence of International Companies The formation and operation of entities is regulated by the Companies Law which was issued under a Royal Decree in 1965, as amended in 1967, 1982 and 1985 by subsequent Royal Decrees. SAGIA offers a number of incentives to attract investors. All these initiatives have relaxed the norms for international companies that are willing to enter Saudi Arabia. Increase in Women Workforce The women of Saudi Arabia have played very restrictive public roles in the past. With Vision 2030, little attention was paid to the women population of Saudi Arabia. Considering the high level of unemployment among Saudi women, the Government is committed to increasing the employment rate among women in the upcoming years. The initiative undertaken by the Government has an objective to increase the women employment rate from 22% to 30% by the end of 2030. Positive Economic Development Following a fall in 2017, Saudi Arabia’s GDP growth began to recover in the first quarter of 2018. It is estimated to have reached 2.2% in 2018 according to the IMF latest estimates and it might further accelerate, reaching 2.3% in 2019. The return to growth has been aided by a combination of favorable factors including a rebound in oil prices, gradual acceleration in the growth of the non-oil economy and the government’s shift away from tight fiscal policy as announced in the 2018 and 2019 budgets. Visit this Link :- Request for custom report Current And Future Demand And Supply Key Segments Covered: Type of Office Units Premium Grade A Grade B Others Region Northern Riyadh Central Riyadh Eastern Riyadh Western Riyadh Southern Riyadh Key Target Audience: Real Estate Developers Independent Architects Government Associations Government Agencies Independent Investors Real Estate Consulting Companies Time Period Captured in the Report: Historical Period – 2013-2018 Forecast Period – 2019-2023 Office Project Case Studies Covered: Home Office The Elite Center Motoon Commercial Towers The Cube Aknaz Center Key Topics Covered in the Report Riyadh City Review Factors Influencing Riyadh Residential Market Supply and Demand Assessment in Riyadh by Segment (Premium, Grade A and Grade B), 2013-2023E Market Insight and Performance Average Rental Rate of Offices in Riyadh Average Occupancy rates of Offices Riyadh Office Market Future Outlook, Opportunities And Development Trends Recommendations For Riyadh Office Market Riyadh Office Market Future Outlook (Is Investment Profitable Or Not?) Key Features and Characteristics of Offices in Riyadh Key Expected Upcoming Office Projects In Riyadh City Case Studies Of Major Office Complexes In Riyadh Cross Comparison Within Major Office Properties In Riyadh Heat Map Analysis For Riyadh Office Complexes For More Information on the research report, refer to below link: Riyadh Office Market Related report Riyadh Office Real Estate Market by Major Projects (Elegance Tower, Al Saedan Towers, Tijan Plaza, Hamad Tower, Tatweer Tower) – Outlook to 2021 Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Affect Of Taxation On Riyadh, Aknaz Center Riyadh, Assessment Of Office Market In Riyadh, Average Occupancy Rate Riyadh, Average Occupancy Rates Of Offices In Riyadh, Average Office Rental Riyadh, Average Rental Rates Of Offices In Riyadh, Case Studies Of Major Office Complexes In Riyadh, Common Big Offices Riyadh, Current Office Demand Riyadh, Current Office Supply Riyadh, Current Status Of Riyadh Office Market, Factors Affecting Riyadh Office Market, Future Office Demand Riyadh, Future Office Supply Riyadh, Future Offices In Riyadh, Home Office Riyadh, Infrastructure Development Cost Riyadh, Investment Opportunities Riyadh Office Market, Key Expected Upcoming Office Projects In Riyadh City, Land Price Assessment Central Riyadh, Land Price Assessment Eastern Riyadh, Land Price Assessment Northern Riyadh, Land Price Assessment Riyadh, Land Price Assessment Southern Riyadh, Land Price Assessment Western Riyadh, Major Offices In Riyadh, Metropolitan Sub-Centers Riyadh, Motoon Commercial Towers Riyadh, Number Of Land Transactions Riyadh, Number Of Offices Riyadh, Office Characteristics Riyadh, Office Oversupply Riyadh, Office Project Development In Riyadh, Office Projects In Eastern Riyadh, Office Projects In Riyadh, Office Supply And Demand Riyadh, Office Supply Characteristics Riyadh, Oil Price Shock Impact On Riyadh, Opportunities and Development Trends, Public Services/ Facilities Riyadh, Real Estate Investment Trusts Riyadh, Recommendations For Riyadh Office Market, Riyadh City Review, Riyadh GDP Contribution, Riyadh Grade A Offices, Riyadh Grade B Offices, Riyadh Office Industry, Riyadh Office Industry Research Report, Riyadh Office Market, Riyadh Office Market Application, Riyadh Office Market Competition, Riyadh Office Market Development, Riyadh Office Market Forecast, Riyadh Office Market Future, Riyadh Office Market Future Outlook, Riyadh Office Market Future Outlook (Is Investment Profitable Or Not?), Riyadh Office Market Growth, Riyadh Office Market Insight, Riyadh Office Market Insight And Performance, Riyadh Office Market Key Players, Riyadh Office Market Opportunities, Riyadh Office Market Outlook, Riyadh Office Market Overview, Riyadh Office Market Performance, Riyadh Office Market Research, Riyadh Office Market Research Report, Riyadh Office Market Revenue, Riyadh Office Market Sales, Riyadh Office Market Scope, Riyadh Office Market Segmentation, Riyadh Office Market Share, Riyadh Office Market Size, Riyadh Office Market Trends, Riyadh Office Market Value, Riyadh Office Overview, Riyadh Office Sector Landscape, Riyadh Population Statistics, Riyadh Premium Offices, Riyadh Real Estate Market, Riyadh Real Estate Overview, Riyadh Standard Of Living, Riyadh Structure Plan, Riyadh Transit Oriented Development, Riyadh Urban Population, Riyadh Women Workforce, Saudi Arabia Office Market, Saudization Impact Development Areas In Riyadh, Supply Demand Gap Riyadh, Supply Gap In Grade A Office, Supply Gap In Grade B Office, Supply Gap In Premium Office, The Cube Riyadh, The Elite Center Riyadh, Transit-Oriented Development Riyadh, Type Of Offices Riyadh, Typical Characteristics Office Riyadh, Underdeveloped Lands In Riyadh, Upcoming Offices In Riyadh, Vacant Lands In Riyadh, Value Added Tax Riyadh, White Land Tax Riyadh, الرياض سوق اللاعبين الرئيسية, القيمة السوقية لمكتب الرياض, تطبيق سوق مكتب الرياض, تقرير مكتب أبحاث سوق الرياض, تقسيم سوق مكتب الرياض, توقعات سوق مكتب الرياض, توقعات مكتب سوق الرياض, حجم مكتب سوق الرياض, سوق مكتب الرياض, مكتب الرياض لأبحاث السوق, نطاق سوق مكتب الرياض, نظرة عامة على سوق مكتب الرياض