{"id":108458,"date":"2026-08-08T11:14:03","date_gmt":"2026-08-08T08:14:03","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=108458"},"modified":"2026-08-08T11:14:15","modified_gmt":"2026-08-08T08:14:15","slug":"%d8%a7%d8%b1%d8%aa%d9%81%d8%a7%d8%b9-%d8%a5%d8%b4%d8%ba%d8%a7%d9%84%d8%a7%d8%aa-%d8%a7%d9%84%d9%85%d8%b1%d8%a7%d9%83%d8%b2-%d8%a7%d9%84%d8%aa%d8%ac%d8%a7%d8%b1%d9%8a%d8%a9-%d8%ae%d9%84%d8%a7%d9%84","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/108458\/","title":{"rendered":"Retail Space Occupancy Rises in the First Half... Riyadh Has the Highest Rents"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The Saudi retail market continues to demonstrate its ability to absorb new supply without affecting demand levels, as it has maintained<strong><a href=\"https:\/\/amlak.net.sa\/en\/106565\/\"> Shopping Centers<\/a><\/strong> Major cities saw high occupancy rates during the first half of 2026, driven by consumer spending and brands\u2019 preference for the most attractive locations, as developers continue to expand to create higher-quality and more distinctive shopping destinations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The retail market in Saudi Arabia showed balanced performance during the first half of 2026, with demand for retail space in major cities remaining steady, while new retail space entered the market, according to a report issued by the consulting firm Knight Frank.<br>Riyadh led the markets in terms of strong performance, after the average rose <strong><a href=\"https:\/\/amlak.net.sa\/en\/107430\/\">Rentals <\/a><\/strong>Regional and super-regional retail centers rose by 1.2% year-over-year to reach 2,650 riyals per square meter, while the occupancy rate remained steady at 91%, reflecting continued strong demand from retailers for prime locations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In Jeddah, the occupancy rate rose to 88%, despite a slight decline in average rents due to new supply entering the market, while the Dammam metropolitan area recorded the highest occupancy rate among the three cities at 94%, supported by continued demand for retail space in strategic locations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This performance reflects the market\u2019s ability to absorb the ongoing expansion in supply, with total retail space reaching approximately 4.2 million square meters in Riyadh, 3 million square meters in Jeddah, and 1.4 million square meters in the Dammam metropolitan area\u2014a sign of investor and developer confidence in the long-term prospects for consumer spending in the Kingdom.<br>The report noted that increasing market competition is prompting developers to rethink their strategies, explaining that they face three main paths: lowering construction quality to keep projects in line with prevailing rent levels, developing high-quality projects that justify higher rents, or investing in integrated commercial destinations that offer a distinctive shopping and entertainment experience, thereby increasing visitor numbers, extending their stay, and boosting tenants\u2019 sales.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The report argues that the latter option is now best positioned to enhance the competitiveness of commercial projects amid an expanding supply, as the success of shopping centers has come to depend increasingly on the quality of the experience they offer shoppers, rather than solely on the provision of retail space.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">Minutes<\/span><\/span>The Saudi retail market continues to demonstrate its ability to absorb new supply without affecting demand levels, as shopping centers in major cities maintained high occupancy rates during the first half of 2026, driven by consumer spending and brands\u2019 preference for the most attractive locations, while developers continue to expand to create higher-quality and more distinctive shopping destinations. The market showed \u2026 <a title=\"Retail Space Occupancy Rises in the First Half... Riyadh Has the Highest Rents\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/108458\/\" aria-label=\"Read more about the rise in shopping center occupancy rates during the first half of the year... with Riyadh leading in rents\">Read more<\/a><\/p>","protected":false},"author":27,"featured_media":35442,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"amlak_video_sent":"","footnotes":""},"categories":[91],"tags":[],"class_list":["post-108458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-research"],"acf":{"amlak_post_excerpt":"\u0645\u0639\u062f\u0644\u0627\u062a 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