Riyadh’s office market continues to demonstrate resilience and steady growth in Q3 2025, supported by Saudi Arabia's positive economic outlook and ongoing diversification under Vision 2030. The non-oil sector remains a key growth driver, with foreign direct investment rising by nearly 25% in the first half of the year and business confidence sustained by a PMI of 57.8 in September.

Market Highlights

• Grade A office occupancy remained firm at 98%, supported by steady demand and limited supply.

• Average rents increased by 11% year-on-year, with Zone A leading annual growth at 16%.

• Leasing activity was led by the banking, financial services, and insurance (BFSI) and IT sectors, together accounting for 57.1% of total transactions.

• 60% of leasing enquiries originated from US and UK-based companies, reflecting strong international interest.

• Demand for larger office spaces strengthened, with 80% of enquiries targeting floorplates above 1,000 sq m.

For more insights, read the full Q3 report now.