Indonesia
New international brands flock Jakarta’s retail scene in Q3
New international brands flock Jakarta’s retail scene in Q3
Find out which brands opened new stores in the city.
Jakarta retail occupancy rate expected to drop to 73% by year-end
The occupancy rate was at 74.4% in Q3
Jakarta apartment stock expected to grow by 2.5% in 2024
The city currently has 226,815 units in stock.
Why Jakarta’s serviced apartment sector holds strong long-term potential
The sector has had notable growth in supply and demand since 2019.
Jakarta’s cumulative retail supply steady at 4.9m sqm in Q3
A few projects are slated to open towards the end of the year.
Apartment take-up rate in Jakarta dips to 87.8% in Q3
Newly launched apartments had a downward pressure on take-up rates.
Jakarta’s office leasing sector remains a tenants’ market
Companies wield strong bargaining power.
Jakarta CBD office occupancy rate reaches 73% in Q3
The occupancy rate outside the CBD was lower at 70%.
Jakarta CBD office supply hits 7.38m sqm in Q3
Outside the CBD, supply reached 3.83m sqm during the same quarter.
Jakarta hotel performance set to improve until Q4
Occupancy rates are expected to grow as business activities increase.
Jakarta office occupancy rate forecast to remain low
There is an influx of new supply in the next two years.
Jakarta to see three new service apartments in 2025
These projects will add 648 units to the market.
Three new hotels open in Jakarta in Q2
There were 621 rooms added to the market.
Jakarta office occupancy rate to stabilise at 65% by year-end
Rents are expected to decline at a slower rate.
Jakarta industrial net absorption reaches over 31,000sqm in H1
There was limited supply during the period.
Jakarta serviced apartment rents to increase by 1-2% by year-end
This is due to an influx of new supply in the second half of the year.
Jakarta retail occupancy rate remains stable as tenant retention challenges persist
The occupancy rate was at 74% as of Q2 2024.