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Colliers Quarterly Property Market Report Q2 2021 Jakarta Office

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In a challenging business environment, tenant retention has been a key priority. Significant disruption to occupier demand has continued to swing the pendulum in favor of the tenant market for the time being. Looking ahead, the overall outlook for the year remains uncertain, considering the absence to date of an economic recovery. Uncertainties and underlying risks remain, as the pandemic continues to evolve globally.

Landlords need to continue adapting by communicating and negotiating in creative ways during times when it is difficult to secure tenants. The provision of incentives and mutual agreements between landlords and tenants are expected to encourage lease renewals and tenants to stay on in the future.

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Colliers Quarterly Property Market Report Q2 2021 Jakarta 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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