Riyadh’s retail market occupancy rates have climbed to 90 per cent, up by 5 percentage points, while average rental rates have increased by 3 per cent to SAR2,725 per square metre (psm) for regional and super regional malls over the past year, according to Knight Frank’s Summer 2024 Saudi Arabia Retail Market Overview.
Retail space supply
The existing retail space in Riyadh totals 3.6 million square metres, with an additional 27,050…
