Jakarta Retail Market Highlights 2H 2019

Research Date: Thursday, 12 March 2020
Jakarta Retail Market Highlights 2H 2019 | KF Map – Digital Map for Property and Infrastructure in Indonesia

F&B, fashion and entertainment retaillers will continue to dominate new tenant activities in existing and new projects. 

Given the moratorium of permits for new malls in Jakarta since September 2011, the cumulative total stock of Leased Mall space remined unchanged at 3,111,589 square meters as of the second half of 2019 and the cumulative total stock of Strata Tittle Mall space also remained unchanged at 1,651,199 square meters. 

The occupancy rate of Leased Mall retail space was 90.3%, representing a small increase of 0,7% (yoy), while the occupancy rate of Strata-tittle Mall retail space was 80.5%, representing a minor decrease of 0.2% (yoy). The lower occupancy rate of Strata-tittle Malls as compared to Leased Mall is due to difficulties in controlling the trade mix as well as operating and positioning the mall as a single operating unit. 

As the supporting facilities within mixed-use projects, smaller scale or supporting retail malls, widely known as shopping arcades or podiums, will still have an opportunity to grow further.



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