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Riyadh Office Market Outlook to 2023 - Improving Oversupply Environment Driven by Rise in Demand for Premium Office Space and Upcoming Completion of Smart City and Office Projects

  • ID: 5214638
  • Report
  • June 2019
  • Region: Global
  • 112 pages
  • Ken Research Private Limited

FEATURED COMPANIES

  • Aknaz Center
  • Home Office
  • Motoon Commercial Towers
  • The Cube
  • The Elite Center
The report titled Riyadh Office Market Outlook to 2023 - Improving Oversupply Environment Driven by Rise in Demand for Premium Office Space and Upcoming Completion of Smart City and Office Projects provides information on overview of the overview of Riyadh city, factors influencing the Riyadh office market, supply and demand assessment of office market in Riyadh by segment (premium, grade A, grade B), market insight and performance, average rental rates by segments, average occupancy rate by region, typical characteristics of offices in Riyadh. The report also includes competitive analysis of offices in the Riyadh city and key features and characteristics of office sector in Riyadh. The report concludes with the future outlook, opportunities and future development trends; future landscape of office sector and investment opportunities in this sector; and with key expected upcoming office building projects in the Riyadh.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Aknaz Center
  • Home Office
  • Motoon Commercial Towers
  • The Cube
  • The Elite Center
1. Executive Summary

2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing and Modeling
  • Consolidated Research Approach
3. Riyadh Office Market Overview
3.1. Riyadh City Overview
3.2. Mega Construction and Infrastructure Projects
3.3. Dynamism in the Market
3.4. Government’s Impetus towards Commercial Sector
3.5. Economic Performance
3.6. Higher Women Participation
3.7. Tenant Preferences

4. Factors Influencing Riyadh Office Market
4.1. Strong Government Initiatives
4.2. Emergence of International Companies
4.3. Positive Economic Development
4.4. Increase In Women Workforce
4.5. Expat Exodus from the KSA
4.6. Location Factor
4.7. Physical Conditions Of The Office Premises

5. Supply and Demand Assessment Of Office Market in Riyadh, 2018-2023E
  • Current and Future Market Demand, 2013-2023
  • Current and Future Market Supply, 2018-2023E
  • Oversupply of Offices In Riyadh
6. Riyadh Office Market Insight and Performance
6.1. Performance of Premium and Grade A Offices
6.2. Performance of Grade B and B+ Offices

7. Average Rental Rates of Offices in Riyadh

8. Average Occupancy Rates of Offices in Riyadh

9. Riyadh Office Market Future Outlook, Opportunities and Development Trends
  • Government Initiatives
  • Future Upcoming Trends
  • Changing Tenant Preferences
  • Shift in the Approach
10. Recommendations for Riyadh Office Market
  • What Gaps Exist in Riyadh Office Market?
11. Riyadh Office Market Future Outlook (Is Investment Profitable or Not?)
  • Is Investment Profitable or Not?
  • Investment Opportunities - by Stock Type
  • Investment Opportunities - by Location
  • Difference between Return of Investment (ROI) - New Property Construction vs Renovation
  • Other Commercial Activities
12. Key Features and Characteristics of Offices in Saudi Arabia

13. Key Expected Upcoming Office Projects in Riyadh City

14. Case Studies of Major Office Complexes in Riyadh
14.1. Home Office
14.2. The Elite Centre
14.3. Motoon Commercial Towers
14.4. The Cube
14.5. Aknaz Centre

15. Competitive Analysis of Case Studies
15.1. Cross Comparison within Major Office Properties in Riyadh
15.2. Heat Map Analysis for Riyadh Office Complexes
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  • List of Figures
Figure 3-1: Non-Saudi Population of Riyadh City and Growth Rate in Percentage (%), 2015-2018
Figure 4-1: Riyadh Office Market Demand by End Users on the Basis of Demand for Office Space in Percentage (%), 2018
Figure 4-2: Riyadh Office Market Demand by End Users on the Basis of Demand for Office Space in SQM, 2018
Figure 4-3: Riyadh Office Market Supply by Type of Office Stock on the Basis of Supply for Office Space in Percentage (%), 2018
Figure 4-4: Riyadh Office Market Supply by Type of Office Stock on the Basis of Supply for Office Space in SQM, 2018
Figure 4-5: Oversupply of Office Space in Riyadh on the basis of Total Gross Leasable Area in Square Meter, 2013-2023E
Figure 4-6: Supply-Demand Gap in Office Market of Riyadh with Oversupply/Excess Demand Situation, 2013, 2018 and 2023
Figure 7-1: Average Occupancy Rates of Office Market in Riyadh, 2013-2018
Figure 13-1: Premises Layout of Home Office (Building 16)
Figure 13-2: Ground Floor Layout of Home Office (Building 16)
Figure 13-3: First Floor Layout of Home Office (Building 16)
Figure 13-4: Second Floor Layout of Home Office (Building 16)
Figure 13-5: Office Perspectives of Home Office (Office 16)
Figure 13-6: Services, Facilities and Amenities at Home Office (Restaurants, Spa, Health Club, and Swimming Pool)
  • Figure 13 7: Boutique Hotel at Home Office
Figure 13-8: Meeting Room at Home Office
Figure 13-9: Property View at Home Office
Figure 13-10: Property View at Home Office
Figure 13-11: Bird Eye View at Home Office
Figure 13-12: Front View of Elite Centre
Figure 13-13: Project Accessibility of the Elite Center
Figure 13-14: Ground Floor Layout (Food and Beverage Shops) of Elite Centre
Figure 13-15: Mezzanine Floor Layout of Elite Centre
Figure 13-16: First Floor Layout of Elite Centre
Figure 13-17: Second Floor Layout of Elite Centre
Figure 13-18: Basement Layout of Elite Centre
Figure 13-19: Project Site Location for the Elite Center
Figure 13-20: Site Location for Elite Center
Figure 13-21: Layout of Motoon Commercial Towers
Figure 13-22: Layout of Motoon Commercial Towers
Figure 13-23: Layout of Motoon Commercial Towers (Car Parking Area)
Figure 13-24: Layout of Motoon Commercial Towers (Car Parking Area)
Figure 13-25: Site Map of the Cube
Figure 13-26: Layout of Grand Floor of the Cube
Figure 13-27: Layout of the Mezzanine of the Cube
Figure 13-28: Layout of First Floor of the Cube
Figure 13-29: Layout of Second Floor of the Cube
Figure 13-30: Layout of Main Parking Area at Cube
Figure 13-31: Layout of Ground Floor of Aknaz Centre
Figure 13-32: Layout of First Floor of Aknaz Centre
Figure 13-33: Layout for Second Floor of Aknaz Centre
Figure 13-34: Images of Aknaz Center
Figure 14-1: Cross Comparison of Services and Amenities provided by Major Office Properties on the Basis of Total Number of Offices in Percentage (%) as of 31st December 2018

List of Tables
Table 2-1: Major Construction and Infrastructure Projects in the Saudi Arabia Including Project Name, Location, Budget in USD Billion and Description for the year ending 2019-2025
Table 3-1: Factors Influencing Riyadh Office Market and their Impact
Table 3-2: FDI Investment Scenario in Saudi Arabia, 2015-2017
Table 3-3: Population of Saudi Arabia by Saudi Nationals and Non-Saudi, 2015-2018
Table 6-1: Average Annual Rental Rates of Grade A Offices and Grade B Offices in Riyadh SAR/SQM as of 31st December 2018
Table 6-2: Average Annual Rental Rates of Grade B Offices and Grade B+ Offices in Riyadh in SAR/SQM as of 31st December 2018
Table 8-1: Future Trends and Expected Impact on Riyadh Office Market
Table 8-2: Future Development Trends in Riyadh Office Market
Table 8-3: Future Growth Drivers in Riyadh Office Market
Table 9-1: Recommendations for Riyadh Office Market
Table 11-1: Typical Characteristics of Offices in Saudi Arabia Including Property Name, Property Description and Property Features, 2019
Table 12-1: Key Expected Upcoming Office Projects in Riyadh City Including Project Name and Project Description
Table 13-1: Case Study of Home Office Including Overview of Home Office, Total Area, Total Number of Floors, Total Number of Buildings, Total Number of Offices, Total Leasable Area, Office/ Showroom Area, Type of Facilities and Amenities Available in the Office and Annual Rental Rate
Table 13-2: Case Study of The Elite Center Including Overview of Elite Centre, Total Land Area, as of December 31st 2018, Total Leasable Area, as of December 31st 2018, Total Built Up Area, as of December 31st 2018, Number of Units, as of December 31st 2018, Number of Parking, as of December 31st 2018, Elevators, Gas Tanks, Total Number of Floors, as of December 31st 2018, Features, Type of Facilities and Amenities Available in the Office, Annual Rental Rate, Occupancy Rate, as of June 15th 2018, Terms and Conditions and Commission and Admin Fees
Table 13-3: Case Study of Motoon Commercial Tower Including Overview of Motoon Commercial Tower, Total Build Up Area, as of December 31st 2018, Total Area, as of December 31st 2018, Total Office Area, as of December 31st 2018, Total Number of Floors, as of December 31st 2018, Total Number of Buildings, as of December 31st 2018 , Number of Car Parking Floors, Total Number of Offices, as of December 31st 2018 , Office/ Showroom Area, Type of Facilities and Amenities Available in the Office, Annual Rental Rate, as of June 2nd 2018 and Occupancy Rate, as of June 10th 2019
Table 13-4: Case Study of the Cube Including Overview of the Cube, Total Built Up Area, as of December 31st 2018, Total Number of Floors, as of December 31st 2018, Total Number of Offices/ Showrooms, as of December 31st 2018, Total Leasable Area, as of December 31st 2018, Office/ Showroom Area, Type of Facilities and Amenities Available in the Office, Annual Rental Rate and Occupancy Rate, as of June 10th 2019
Table 13-5: Case Study of Aknaz Center Including Overview of Aknaz Centre, Total Area, as of December 31st 2018, Total Number of Floors, as of December 31st 2018, Total Number of Offices, as of December 31st 2018, Floor Plan, Total Leasable Area, as of December 31st 2018, Type of Facilities and Amenities Available in the Office and Annual Rental Rate, as of June 9th 2019
Table 14-1: Cross Comparison of Office Complexes in Riyadh (Home Office, The Elite Center, Motoon Commercial Tower, The Cube and Aknaz Centre) on the Basis of Total Land Area (Sqm), Number of Floors, Number of offices, Total Leasable Area (Sqm), Total Office Area (Sqm), Total Showroom Area (Sqm) and Annual Rental Rates/ sq meter (SAR)
Table 14-2: Heat Map Analysis for Riyadh Office Complexes
Note: Product cover images may vary from those shown
  • Home Office
  • The Elite Center
  • Motoon Commercial Towers
  • The Cube
  • Aknaz Center
Note: Product cover images may vary from those shown
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