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Colliers Quarterly Property Market Report Q2 2021 Jakarta Retail

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In the pandemic, other than keeping visitors coming, it is important for landlords to maintain extremely strict health protocols at malls to ensure safety of visitors. Landlords are able to consider creating more open-air spaces at malls to offer retailers the opportunity to do business there. Consumers tend to feel safer gathering outside with their friends and family compared to remaining in a closed environment.

Retailers also need to maintain the highest health standards at their outlets. This will give consumers the confidence to visit. Temporary tenants or pop-up stores in a mall seem to be the solution due to lower financial risk. Fashion, cosmetics, personal care, books, toys, and F&B are among those who are increasingly in favor of this pop-up store concept. In terms of location, retailers continue to look at sites near residential areas.

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Colliers Quarterly Property Market Report Q2 2021 Jakarta Retail

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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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