Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Our Strategy
Financials
Overview
Quarterly Reports 2010
Annual Report 2009
Annual Report 2008
Annual Report 2007
Annual Report 2006
Annual Report 2005
Annual Report 2004
Annual Report 2003
Annual Report 2001
Previous Quarter Results
Pillar Disclosures
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Investor Relations
Financial News
FinancialNews
15-11-22
Riyadh witness surge in office space request reaching 98 percent in occupancy levels
(MENAFN) Saudi Arabia's capital city Riyadh carries on to see surging request for top office space, with Grade A office occupancy levels jumping by 4 percent on a yearly basis to amount to 98 percent, as said by international property consultant Knight Frank.
The sharp rate of demand indicates landlords are decisively in the driving seat, as stated by Knight Frank, also mentioning that office lease rates remain to surge in the wake of surging request.
The average lease levels for prime office space in Riyadh have jumped by 18 percent more than the last 12 months to nearly SR1,775 (USD472) a square meter, it asserted.
“As the Kingdom’s economic transformation plan unfolds, business activity is rising at an extraordinary pace,” according to Knight Frank Partner- Chief of Middle East Research Faisal Durrani.
He also mentioned that 70 companies have now dedicated to repositioning their local headquarters to Riyadh, such as Aldeham Education Group as well as French rolling stock manufacturer Alstom.
MENAFN15112022000045014228ID1105183398
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us