8 Hrs
Source:
الاقتصادية
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Jeddah warehouse occupancy nears 90%
Indicators in the Jeddah real estate market point to the continued strong demand for high-quality assets. Warehouse occupancy rates reach around 90%, with a clear shortage of Class "A" logistics spaces, which make up less than 10% of the total stock. Industrial sector vacancies remain below 5%. In the office segment, occupancy ranges between 92% and 96%, and rental prices for prime commercial spaces have reached approximately 3,700 SAR per square meter. The residential sector continues to grow, with around 30,000 transactions recorded in 2025 valued at 36.6 billion SAR. The hospitality sector aims to provide over 40,000 rooms by 2030. Investments in infrastructure are on the rise, such as the "Land Bridge" project connecting Jeddah with Riyadh and Dammam, estimated to cost about 100 billion SAR. Additionally, expansions at King Abdulaziz International Airport and the High-Speed Rail project further enhance Jeddah's position as a logistics, commercial, and tourism hub, supporting increased demand for industrial, logistics, and commercial properties.
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