In Riyadh, “average occupancy rates for both Grades A and B stock saw improved slightly to 99.2 percent and 98.7 percent in 2022, marking annual increases of 0.8 and 1.9 percentage points respectively. In Jeddah, Grade A office rents increased by 7.4 percent in the 12 months to December 2022, whereas Grade B rents remained unchanged.  Occupancy rates for both Grade A and Grade B office rose to reach 90.6 percent and 76.0 percent, up from 87.8 percent and 74.6 percent in 2021.” 

Riyadh to get 63ha of new office space in 2023 amid Saudi commercial real estate growth [Construction Week]