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Colliers Quarterly Property Market Report Q3 2021 Jakarta Retail

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Retail industry enters a new phase of innovation and safety

Arguably, the biggest business lesson from Covid-19 is that modern-day retail success is synonymous with flexibility and adaptability. Reflecting on the malls that decided to re-open, differentiation or special themes will become strategies used by landlords and retailers to survive mass store closures and demand challenges from customers.

Destination properties will experience the biggest rebound. Despite this, landlords are expected to continue working with retailers to keep occupancy rates up. As a result, some landlords have become more open to negotiations with tenants looking for space.

Despite an expected slowdown in retail sales, the short-term outlook for the retail market is positive, as a result of the loosening in public activity restrictions and the expected resumption in commuter patterns as many office workers return to the office, at least on a part-time or hybrid basis.


Colliers Quarterly Property Market Report Q3 2021 Jakarta Retail

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Ferry Salanto

Senior Associate Director



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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