Summary and analysis of the Kingdom of Saudi Arabia's current retail real estate market conditions.
Insight
Kingdom of Saudi Arabia Retail Market Dynamics, Q1 2025
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Reflected by falling vacancy rates and increasing rental rates in both Riyadh and Jeddah, primarily in community and superregional malls.
Cinemas, F&B outlets, and sports and entertainment facilities such as padel courts and arcades are becoming integral components of modern shopping centers.
Destination and lifestyle developments in open-air mall formats are gaining prominence, blending shopping with entertainment and dining experiences.
New supply creates competitive environment, leading to rent discounts and favourable terms for occupiers.