Riyadh offices boost BMI's outlook on Saudi real estate

BMI, a subsidiary of Fitch Solutions, adopts a positive outlook on the commercial real estate market in Saudi Arabia, with expectations of rising rents in major cities such as Riyadh and Jeddah during 2026. The report forecasts that average office rents in Riyadh will reach approximately $34.1 per square meter per month, driven by strong demand for high-quality, Grade A offices, although growth is expected to slow compared to the previous year. Jeddah is also regarded as an important industrial and logistical hub, with the report anticipating increases in industrial and logistics sector rents amidst expanding demand from global companies and government projects. Conversely, the retail sector is experiencing stability but continues to face weak demand.

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