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Colliers Quarterly Property Market Report H1 2021 Surabaya Office

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Leasing activities are expected to gradually improve, with several leasing and sales transactions registered. However, a spate of additional supply has seen the occupancy rate fall to its lowest level in history.

To survive in an increasingly competitive environment, strategies may have to be applied to secure potential tenants, whether they be investors or end-users. Flexibility in the shape and size of office space needs to be adopted by landlords to meet demand that will likely be dominated by smaller space requirements.

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Colliers Quarterly Property Market Report H1 2021 Surabaya Office

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Ferry Salanto

Senior Associate Director

Research

Jakarta

As Head Research Department, Ferry is in charge in providing property market knowledge for internal purposes and for clients. The scope of sectors covered in the quarterly market report comprises office, apartment, retail, hotel and industrial estate.

In regional tasks, the Heads of Research of each country work together in providing regional market reports covering the Asia Pacific region and globally. Currently Research Department is not only operating as a cost-centre department, as he and his team have been assigned by the Central Bank to provide monthly market information.

On the consulting front, the task involves providing a wide range of advisory services to our clients. Working closely with Consulting Department, we help clientsby preparing feasibility studies to determine whether their property projectsare viable from both financial or marketing aspects. 

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