Occupancy rate for
retail space in Jakarta highway within the next two years is predicted to
decline by about 10% due to the rush of new supply.
Meyriana Kesuma, Research and Consultancy Manager Coldwell Banker Indonesia, said that this year there will be 11 new retail projects are completed in Jakarta, Bogor, Depok, Bekasi, Banten, with a total area of approximately 700,000 m2.
"Later, the occupancy rate dropped to about 10% to about 80%, which is still pretty good for the shopping center," he said when contacted Jibi / Business, Tuesday (11/06/2012).
He added that, in general, the demand for retail space in Jakarta is still quite high, up to 3.76 million m2 III/2012 quarter with a ratio of total supply of 4.2 million m2. However, with the number of new supply, the rental rates for anchor tenants or retailers are not optimal.
No maximum rental rates, he added, and then charged to small retailers. Thus, the occupancy rate can be decreased.
"However, for the shopping center concept and the precise location, extent okupansinya not be much disturbed. Moreover, summarized in the mixed-use project, "said Meyriana.
Coldwell Banker Indonesia recorded an average occupancy rate for retail space rental in Jakarta highway along III/2012 quarter reached 89.26%, an increase compared to the same period last year ie 85.8%. The mean rental rate also increased slightly to 11.18% Rp482.538 per m2 per month.
Handaka Santosa, Chairman of the Indonesian Shopping Center Association business (APPBI) Jakarta, believes the decline in occupancy levels that will not happen because of the demand for retail space of international brands are still not fully accommodated.
"There is still a gap in the market that can be developed by the developer in the retail sector and around Jakarta. So the occupancy rate will be stable, "he said.
Meyriana Kesuma, Research and Consultancy Manager Coldwell Banker Indonesia, said that this year there will be 11 new retail projects are completed in Jakarta, Bogor, Depok, Bekasi, Banten, with a total area of approximately 700,000 m2.
"Later, the occupancy rate dropped to about 10% to about 80%, which is still pretty good for the shopping center," he said when contacted Jibi / Business, Tuesday (11/06/2012).
He added that, in general, the demand for retail space in Jakarta is still quite high, up to 3.76 million m2 III/2012 quarter with a ratio of total supply of 4.2 million m2. However, with the number of new supply, the rental rates for anchor tenants or retailers are not optimal.
No maximum rental rates, he added, and then charged to small retailers. Thus, the occupancy rate can be decreased.
"However, for the shopping center concept and the precise location, extent okupansinya not be much disturbed. Moreover, summarized in the mixed-use project, "said Meyriana.
Coldwell Banker Indonesia recorded an average occupancy rate for retail space rental in Jakarta highway along III/2012 quarter reached 89.26%, an increase compared to the same period last year ie 85.8%. The mean rental rate also increased slightly to 11.18% Rp482.538 per m2 per month.
Handaka Santosa, Chairman of the Indonesian Shopping Center Association business (APPBI) Jakarta, believes the decline in occupancy levels that will not happen because of the demand for retail space of international brands are still not fully accommodated.
"There is still a gap in the market that can be developed by the developer in the retail sector and around Jakarta. So the occupancy rate will be stable, "he said.
Source: http://www.solopos.com/2012/11/07/okupansi-ruang-ritel-diprediksi-turun-345420
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