We are pleased to announce the release of the latest Riyadh Office Market report for Q3 2024, which highlights the market's remarkable resilience throughout the quarter. Savills witnessed a notable increase of in enquiries from foreign companies with US firms leading the way, accounting for 32% of the total enquiries. This growing interest in Saudi Arabia's market strengthens its position as a leading regional hub for global business expansion. 

The report also shows strong leasing activity driven by Technology, Media, and Telecommunications (TMT) sector, which contributed 40% of transactions. The consulting and Fast-Moving Consumer Goods (FMCG) sectors followed, each accounting for 20%. With demand remaining strong, over 1.6 million square meters of new Grade A office space is expected to be delivered by the end of 2028. 

Continue reading more in the report here for detailed findings on the Riyadh Office market here.