13 Hrs
Source:
الاقتصادية
Riyadh offices boost commercial real estate outlook
BMC, a subsidiary of Fitch Solutions, adopts a positive outlook on the Saudi commercial real estate market, anticipating continued demand for office and industrial spaces into 2026, which will drive rental rates upward. The average office rent in Riyadh is expected to reach $34.1 per square meter per month, reflecting a slight increase of 0.39% compared to the previous year, despite increasing demand for Grade A offices from multinational companies and regional headquarters programs that boost need for premium spaces. The industrial and logistics sectors are also experiencing significant expansion, with average industrial rents projected to rise to $5.48 per square meter, driven by growing demand for warehouses and logistics services, especially as Saudi Arabia moves to diversify its economy and support the e-commerce sector.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)