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Jakarta Marketbeat Reports

Arief Rahardjo • 03/11/2025

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 2025

Leasing inquiries remained active during the third quarter 2025 coming mostly from tenants who are seeking ready-to-use office or fitted office space for their quick expansion and relocation in near term.

JAKARTA RETAIL Q3 2025

By late 2025 and into early 2026, the market is projected to experience additional supply from the completion of key retail projects, which collectively will contribute around 88,400 sqm of new retail space to the market.

CONDOMINIUM Q3 2025

Government tax incentives continued to drive demand, especially in the middle to lower-middle segments, which made up nearly 70% of total sales, mostly from existing projects. In contrast, upper and upper-middle segment buyers dominated the proposed project sales, as they were less reliant on incentives and more focused on premium offerings and investment potential.

RENTAL APARTMENT Q3 2025

Given the relatively subdued market conditions, operators of Serviced Apartments and Purpose-Built Rental Apartment sub-sectors maintained rental rates and will continue to do so for the remainder of the year.

INDUSTRIAL Q3 2025

The rental warehouse market recorded a slight increase in supply, with approximately 14,843 m2 of adjusted net leasable area (NLA) added in Bekasi sub-market compared to that in the previous quarter.

 

Jakarta MARKETBEATS

Office Buildings CBD
CBD OFFICE Q3 2025

In US Dollar terms, base rent decreased by 2.4% due mostly to the weakening of Rupiah against US dollar (of 3.1% QoQ).

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Shopping Retail
JAKARTA RETAIL Q3 2025

Despite a brief dip in mall foot traffic due to some public demonstrations during the review quarter, several brands continued to launch new outlets across Jakarta.

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Shopping Retail
GREATER JAKARTA RETAIL H1 2025

Demand increased by 5.9% QoQ, major demand comes from the entertainment and supermarket sectors, which continue to expand and shape Greater Jakarta’s retail scene.

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Warehouse Internal Rack
CONDOMINIUM Q3 2025

Year-to-date (YTD) new supply in Q3 2025 surged by 211% compared to the same period last year, totaling approximately 5,541 units. Condominium prices in Greater Jakarta rose 2.4% YoY, led by a 3.1% increase in the CBD Area.

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Warehouse Internal Rack
RENTAL APARTMENT Q3 2025

The overall occupancy rate for this sub-sector remained lower than those of other sub-sectors, due to the influx of new supply, standing at 61.6% (-1.4% QoQ or -2.9% YoY).

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Warehouse Internal Rack
INDUSTRIAL Q3 2025

Recent industrial demand has been predominantly driven by Chinese investors amid the US-China tariff shift.

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hotel facade
HOTEL H1 2025

Many long weekends in the first semester of 2025 resulted in numerous Jakarta residents traveling outside the city, which caused a further reduction in room demand and meeting activities at hotels on weekdays during those weeks.

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Warehouse Internal Rack
LANDED RESIDENTIAL H1 2025

In June 2025, Bank Indonesia had reduced the benchmark interest rate to 5.50%, with a further cut to 5.25% in July. The rate cuts are expected to influence mortgage lending rates and boost housing demand.

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