Riyadh's office market maintained strong momentum during Q2 2026, supported by resilient occupier demand, sustained business confidence and the continued expansion of the Kingdom's non-oil economy. Demand for Grade A office space remained robust, driven by multinational corporations establishing Regional Headquarters (RHQs), private sector growth and ongoing Vision 2030 initiatives. With Grade A occupancy remaining at 98%, constrained supply continued to support prime office rents during the quarter.

The report explores key market trends across leasing activity, occupier demand, rental performance and future supply. It highlights continued demand from knowledge-based industries, with the TMT and BFSI sectors leading enquiry activity, alongside sustained interest from multinational occupiers establishing operations in Riyadh. The report also examines the recently introduced five-year commercial rent stabilisation policy, which has enhanced pricing transparency and provided greater cost certainty for occupiers.

Looking ahead, the report notes that while Grade A availability remains constrained, a pipeline of more than 570,000 sq m of new office space scheduled from late 2026 onwards is expected to gradually improve availability. Together with continued progress under Vision 2030 and sustained occupier demand, these developments are expected to support Riyadh's long-term position as the Kingdom's leading commercial and business hub.

For detailed insights into Riyadh's office market, read the full Q2 2026 report.