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Property Market Report | Q4 2020 Jakarta Industrial Estate

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Warehouse Industrial 1536x1040

Despite the vibrant prospects of the future, 2020 was indeed an overwhelming year for the industrial market. Transaction volume was only 54% of the total transaction of 2019. This also leads to a situation that favours tenants with offering price decline by 4.1% YOY and most likely a more negotiable price for advanced buyers.

We think industrial developers should accommodate and more become negotiable when dealing with big potential tenants who may attract others. Other than that, industrial landlords should be able to identify future needs that mainly come from technology-based companies including e-commerce and data centre, logistics, automotive and other resilient sectors like food, health products and consumer goods.


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Property Market Report | Q4 2020 Jakarta Industrial Estate

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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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