Colliers | Colliers Quarterly Property Market Report Q1 2022 Jakarta Retail

2022 will be the year for retail to be reset

2022 is set to be an interesting year for retail as the sector looks to shake off the challenges of the last two years and is likely to be a year of fast-moving innovation defining future shopping experiences.

The retail construction pipeline will remain constrained, allowing space absorption to improve, even though landlords remain flexible and in accommodative mode in dealing with tenants. On the other hand, in today’s uncertain atmosphere, there is still room for tenants to achieve profits and, especially, set fixed occupancy costs for the longer term.

The future of the shopping mall is changing in view of a shift in consumer behaviour and needs. Factors such as customer experience, brand loyalty and the need to encourage post-pandemic footfall will be crucial. Retailers need to think about their physical and online presence as one. They should also consider inviting shoppers to actively participate in and be part of brand experiences by using social media.

Open-air shopping centres are expected to be the most in-demand mall concept in 2022.

Colliers Quarterly Property Market Report Q1 2022 Jakarta Retail

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Ferry Salanto

Senior Associate Director

Research

Jakarta

+62 21 3043 6730

+62 812 835 6660

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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Eko Arfianto

Senior Manager

Research

Jakarta

+62 21 3043 6726

I started working at property business since 2005 when i worked as Site Supervisor at Construction Management company in Jakarta. My responsibilities covered architecture design supervision of high-rise buildings. As an acrhitect, I worked with thousands concepts and ideas and also did cost estimator / quantity surveyor. I also did advisory for interior design works. Then i continued my working experience by joining with Colliers in June 2007 at Research Department. I started from the beginning at this business as Database Administrator. After spending 10 years working at Colliers International Indonesia, my current posistion is Senior Manager at Research Department.

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