Every quarter, Colliers provides research reports that can be downloaded for free. From our research report, you can obtain key market information from demographics, trends, and forecast reports about each different property sector. Here we provide you a research report about the retail sector in Jakarta.
The current occupancy figure of Jakarta’s retail market was recorded as the lowest, at least for the last 10 years. Besides the entry of large, newly operating shopping centres bringing more vacant spaces, the shutdown of two big department stores by the end of September 2017 has also rubbed salt to the wound. The retail market itself is entering a very challenging period, as consumers’ spending power declines and some prominent stores and mall outlets shut down. Thanks to the prevailing shopping centre moratorium in Jakarta, the supply side was controlled during the current slowdown.
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