ALL-SECTOR MARKETBEAT REPORTS
Cushman & Wakefield Marketbeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
CBD OFFICE Q3 2022:
The highest quarterly net take-up in the last 10 quarters was seen during the third quarter of 2022. Improving trends in both net take-up and occupancy are expected to slow down in the next few quarters as tenants will be in ‘vigilant mode’ and hold major decisions for their office relocations or expansions in anticipation of the predicted global economy recession in near terms.
JAKARTA RETAIL Q3 2022:
Two retail centers added the supply of Jakarta retail market during the third quarter of 2022. Average base rental and service charge levels remain relatively unchanged since last quarter, standing at Rp 808,500/sqm/month (0.1% YoY) and Rp 190,400/sqm/month (0.0% YoY) respectively.
CONDOMINIUM Q3 2022:
Total cumulative supply of Jakarta condominiums as of September 2022 stood at 353,378 units, increased by 0.56% quarter-on-quarter and 5.4% year-on-year, following the completion of 5 projects during the review quarter. Total YTD new supply in Q3-22 was 48% lower than YTD completions in the corresponding period last year, of about 9,990 units.
RENTAL APARTMENT Q3 2022:
Despite the economic challenges such as the increase of inflation rate and central bank interest rate, the average rental rate of Rental Apartment was not much influenced as landlords focus more on balancing the supply and demand and improving the occupancy rate.
INDUSTRIAL Q3 2022:
Data center was recorded to give the highest contribution to the demand in this quarter of 53.2%, and textile sector contributed about 21.3% of the demand, whilst other sectors such as automotive, building material, medical and healthcare absorbed the balance of demand.
