10 Hrs
Source:
الاقتصادية
Jeddah Warehouses Near Full Occupancy
Market indicators in Jeddah's real estate sector suggest continued demand for high-quality assets, with warehouse occupancy rates approaching 90% and a clear shortage of "A" category logistics spaces, which constitute less than 10% of the total inventory. Office space occupancy rates range between 92% and 96%, while rents for major commercial spaces reach approximately 3,700 Saudi Riyals per square meter. In the residential sector, Jeddah recorded around 30,000 transactions totaling an estimated 36.6 billion Riyals in 2025, with plans to invest in more than 40,000 hotel rooms by 2030. These developments are supported by infrastructure projects such as the land bridge connecting Jeddah with Riyadh and Dammam, the expansion of King Abdulaziz Airport, and enhancements in transportation and logistics. These initiatives bolster the city's position as a commercial, tourism, and logistics hub and encourage further investments in the real estate sector, logistics investments, and tourism projects.
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