| The 'Local Class A' office market in Riyadh is increasingly being dominated by increasing levels of oversupply and moderate levels of demand, while there remains strong demand and a shortage of supply in the two 'International Class A' properties - Kingdom Tower and Faisaliah, CBRE Bahrain Research Team said in its KSA MarketView.
There is a marked separation in pricing and occupancy rates between these two groups, with Riyadh's two 'iconic' office projects enjoying full occupancy with waiting lists and rental rates at over SR2,000/sqm/pa, while Local Class A rates typically hover at between SR1,200 and SR1,400/sqm/pa..............................................Full Article: Source
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