Riyadh has seen a rise in residential and commercial rents, JLL said
Companies leasing office space in Saudi’s capital could see their rents jump to levels on par with property in Abu Dhabi and Dubai, said Jones Lang LaSalle in a report published Tuesday.
Commercial rates in Riyadh are averaging SR1,060 per sq m in the city’s Central Business District (CBD), as a string of new developments helps to attract businesses to the region.
Developments such as Riyadh Business Gate, the ITC Complex and the King Abdullah Financial District in particular are attracting business tenants to the capital, cutting vacancy rates in the CBD to just 16 percent, the property broker said.
Price On request Room(s) 5+ rooms