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JAKARTA MARKETBEAT REPORTS

Arief Rahardjo • 07/06/2022

ALL-SECTOR MARKETBEAT REPORTS

Cushman & Wakefield's Q1 2022 Jakarta All-Sector MarketBeat reports are now available to download. Please click on the links below to read our latest reports.

CBD OFFICE Q1 2022

Inline with the ongoing economic and business recovery, improving trends in both inquiries and transactions is expected to continue in next quarters, with demand coming mostly from tenants looking for office relocations and consolidations for 2022 and beyond. Rentals, however, will remain under pressure as vacancies will remain high as completion of large office projects in Sudirman, Thamrin and Kuningan area in second semester 2022 may not be followed by the same level of demand.

JAKARTA RETAIL Q1 2022

Following the improving market conditions in the end of Q1-2022, retailers gained more confidence and have been back to their normal rent as incentives have been reduced or no longer given. As the conditions improved in the end of Q1-2022, average rental rate is expected to increases lightly throughout the year.

CONDOMINIUM Q1 2022

Greater Jakarta’s condominium price showed a 0.0% QoQ and 0.9% YoY growth, staying at Rp. 43,700,000 per sqm. Developers are maintaining their selling price as Government extend the 5% VAT incentives. The nearly-completed projects are offering fully furnished package and flexible terms to boost the sales.

RENTAL APARTMENT Q1 2022

Average rental rate of condominium-for-lease sub-sector dropped by 2.4% QoQ and 4.5% YoY to Rp. 139,664 per sqm per month, as individual unit owners prepared to accept much lower rates to fill the vacancies within their units. The average rental rate of rental apartment will continue to be under pressure pending improvement of occupancy level.

INDUSTRIAL Q1 2022

Despite high occupancy rate of the warehouse market, the average asking rental rate  of warehouses in the Greater Jakarta area remained relatively unchanged at Rp. 73,000 per sqm / month, with the lowest rentals in Bogor area and the highest in Jakarta.

Jakarta MARKETBEATS

Office Buildings CBD
CBD Office MarketBeat

Inline with the ongoing economic and business recovery, improving trends in both inquiries and transactions is expected to continue in next quarters, with demand coming mostly from tenants looking for office relocations and consolidations for 2022 and beyond. 

Download Q1 Report

Warehouse Internal Rack
Industrial MarketBeat

Demand for industrial land in the Greater Jakarta area has shown progressive recovery during the review quarter, as reflected by a 127.8% increase YoY with total net absorption of 59.40 hectares.

Download Q1 Report

Shopping Retail
Retail MarketBeat

Following the improving market conditions in the end of Q1-2022, retailers gained more confidence and have been back to their normal rent as incentives have been reduced or no longer given. 

Download Q1 Report

Warehouse Internal Rack
Condominium MarketBeat

Greater Jakarta’s condominium price showed a 0.0% QoQ and 0.9% YoY growth, staying at Rp. 43,700,000 per sqm. 

DOWNLOAD Q1 REPORT

Warehouse Internal Rack
Rental Apartment MarketBeat

Average rental rate of condominium-for-lease sub-sector dropped by 2.4% QoQ and 4.5% YoY to Rp. 139,664 per sqm per month, as individual unit owners prepared to accept much lower rates to fill the vacancies within their units. 

Download Q1 Report

Warehouse Internal Rack
Jakarta Landed Residential MarketBeat

The implementation of emergency public activity restriction (PPKM Darurat) in the early second half of 2021 had not put significant impact on the overall transactions in H2 2021.

Download the report

Shopping Retail
Debotabek Retail MarketBeat

At the beginning of H2 2021, the Debotabek area saw the addition of two new retail centers, namely the extension of Margo City in Depok and Citywalk Elvee in Tangerang.

Download the report

Warehouse Internal Rack
Jakarta Hotel MarketBeat

In the second semester of 2021, three major hotels of 4-star, 5-star and luxury hotels start operation in CBD and West Jakarta, adding 544 rooms to the supply.

Download the report

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