Indonesia
Jakarta retail supply to hit 5m sqm this year
Jakarta retail supply to hit 5m sqm this year
Three new malls are currently under construction.
Jakarta to see over 1,800 new luxury hotel rooms by year-end
This will be the highest figure for the next three years.
Jakarta serviced apartment supply to hit nearly 7,800 units by 2025
There are 7,074 units as of Q1 2024.
Jakarta office occupancy to reach 76% by year-end
The average occupancy rate in the CBD was at 74.7% in Q1.
Jakarta apartment prices to rise by up to 2% between 2024 and 2026
Prices slightly increased by 0.6% in Q1.
Jakarta office space demand to hit up to 150,000sqm per year till 2026
Rightsizing continues to be a trend amongst occupiers.
Jakarta to see over 9,300 new residential units by 2026
Nearly half of these units will be completed this year.
Here are 5 Indonesian hospitality sectors that are slated to perform well this year
Business hotels are expected to grow by up to 8%.
Jakarta prime retail supply expected to be ‘scarce’: JLL
Though there is a notable new mall slated to open in the first half of 2024.
Over 1,600 rooms to enter Jakarta’s hotel market in 2024
This will cause the city’s hotel supply to grow by 2.9%.
Jakarta residential demand to remain limited in the next 12 months
New serviced apartments are expected to be completed in 2024.
Jakarta industrial tenant mix still dominated by 3PLs
Warehouses with dual functionality were in demand.
Jakarta CBD Grade A office rents decline 1.9% in Q4
Rents declined at a slower rate compared to previous quarters.
Asking prices for Jakarta CBD offices rise 2% in 2023
Prices hit approximately USD3,600.
Jakarta CBD cumulative office supply now at 7.4m sqm
Supply is also expected to increase significantly outside the CBD.
Jakarta has nearly 3 million sqm of unabsorbed office space in 2023
Almost 70% of these are located in the CBD
Serviced apartments dominate Jakarta’s new hotel supply in 2023
Over 70% of the new rooms to enter the market are from serviced apartments.
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