Riyadh’s office market continues to perform steadily in Q2 2025, supported by strong economic fundamentals, sustained business confidence, and increasing demand from global occupiers. The Saudi economy is projected to grow by 3.5% this year, with robust non-oil sector expansion and a record-high PMI in H1 2025 signalling continued private sector confidence.

Market Highlights

• Grade A office occupancy remained strong at 98% in Q2 2025, supported by continued business confidence, steady demand, and limited prime supply.

• 46% of Savills’ leasing enquiries originated from US and UK companies, reflecting growing international interest.

• Leasing activity was seen rising around larger office spaces, particularly from legal, pharmaceutical, and professional services sector. Around 600 multinational companies have now secured regiona; HQ licenses, reaffirming Riyadh's position as a leading business hub.

For more insights, read the full Q2 report now.