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.
As the fourth-most populous country in the world, Indonesia has a retail market wherein foreign retailers have always been tempted to target or expand, particularly in upper-middle class shopping centres in Greater Jakarta.
Several retail brands are eyeing Indonesia even during the currently dormant market situation, which was highlighted by flat occupancy and rental rates. On the other front, the spending activities of Indonesian millennials have shifted from going to traditional shopping centres to making e-commerce transactions, which will add more pressure to this sector. All in all, we still believe that shopping centres should continue to exist because beyond simply shopping, they offer experiences and recreation. Considering the shift to e-commerce and the quantity of new supplies coming online, both landlords and retailers should remain updated on the dynamic market especially on accommodating millennials.
Download the report by click here.
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