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 Q2 2024
Leasing inquiries remained active during the second quarter 2024, coming mostly from tenants who are planning and seeking options for relocation next year.
JAKARTA RETAIL Q2 2024
No new supply was added during this quarter; however, ongoing shopping mall renovations are currently underway with a primary focus of improving the interior and adjusting the tenancy mix to enhance the shopping experience for customers.
GREATER JAKARTA RETAIL Q2 2024
Debotabek area expect to see addition of eight shopping mall developments by the end of 2024 and early 2025. If all these upcoming centers adhere to their development schedules, the cumulative retail space supply is projected to increase by 10.2% by the end of 2025.
CONDOMINIUM Q2 2024
Demand is expected to stabilize throughout the remaining of the year with no significant growth anticipated following the reduction of VAT incentive on completed units to 50% starting July to December 2024.
RENTAL APARTMENT Q2 2024
With the popularity of short-term condominium rental platforms, along with the start of the new school term for university that generated tenants from out-of-town students, the occupancy level of condominium-for-lease sub-sector saw a growth of +1.6% QoQ or +2.8% YoY.
INDUSTRIAL Q2 2024
A total of 182.90 hectares of land sales transactions were recorded during the second quarter of 2024, marking a significant growth of +184.0% QoQ or 450.9% YoY on land sales.
HOTEL H1 2024
The 4-star hotels offer more affordable pricing compared to their 5-star counterparts whilst provide comparable comprehensive facilities, making them an attractive option to both business and leisure travelers.
LANDED RESIDENTIAL H1 2024
The end of the government’s full VAT exemption incentives contributed to the decrease in new supply, as developers are focusing on selling their ready-stock units or launching units that can be handed over before June 2024. From July to December 2024, the incentive will be reduced to a 50% VAT discount.
