Jakarta Retail Market Report - Colliers International
Jakarta Retail Market Report - Colliers International
Jakarta Retail Market Report - Colliers International
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jakarta | 2q 2012 | industrial estate<br />
Outlook<br />
the retail market has been gradually performing<br />
better with more leasing activities both in the<br />
operating and upcoming shopping centres.<br />
Landlords are generally quite concerned with<br />
the improving economy which leads to creating<br />
more retail sales and they are quite aware that<br />
amid increasingly high competition level in the<br />
market, they have to follow the dynamics of the<br />
market. thus, quite a few mall owners (in<br />
particular old malls) make capital expenditures<br />
to improve the looks of the mall, change the<br />
interiors, replace non-performing retailers and<br />
adjust the tenancy mix in order to attract more<br />
www.colliers.co.id<br />
crowds so they can ask for higher rents. Even<br />
more, one strata-title retail owner is quite<br />
concerned with the low performance at the<br />
shopping centre and is willing to take unpopular<br />
action to save the performance and the image<br />
of the shopping centre.<br />
Indonesia, as the fourth largest population in<br />
the world, will remain as an interesting market<br />
for investors and retailers. New foreign retailers<br />
have invaded Indonesia and we will see more<br />
foreign retailers particularly from asian<br />
countries expand operations into this country.<br />
512 offices in<br />
61 countries on<br />
6 continents<br />
United States: 125<br />
Canada: 38<br />
Latin america: 18<br />
asia Pacific: 214<br />
EMEa: 117<br />
• $1.5 billion in annual revenue<br />
• 979 billion square feet under management<br />
• Over 12,500 professionals<br />
colliers international indonesia:<br />
World trade Centre 10th & 14th floor<br />
jalan jenderal Sudirman kav. 29 - 31<br />
jakarta 12920<br />
Indonesia<br />
tel 62 21 521 1400<br />
fax 62 21 521 1411<br />
Michael Broomell<br />
Managing Director<br />
World trade Centre 10th & 14th floor<br />
jalan jenderal Sudirman kav. 29 - 31<br />
jakarta 12920<br />
Indonesia<br />
tel 62 21 521 1400 ext 131<br />
fax 62 21 521 1411<br />
Ferry Salanto<br />
associate Director, research<br />
World trade Centre 10th & 14th floor<br />
jalan jenderal Sudirman kav. 29 - 31<br />
jakarta 12920<br />
Indonesia<br />
tel 62 21 521 1400 ext 134<br />
fax 62 21 521 1411<br />
Copyright 2012 <strong>Colliers</strong> <strong>International</strong><br />
the information contained herein has been obtained<br />
from sources deemed reliable. While every reasonable<br />
effort has bee made to ensure its accuracy, we cannot<br />
guarantee it. No responsibility is assumed for any inaccuracies.<br />
readers are encouraged to consult their professional<br />
advisors prior to acting on any of the material<br />
contained in this report.<br />
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