Logistics rose through occupancy growth
Indonesia's Q2 economy exceeded expectations at 5.12% y-o-y growth. Jakarta's commercial real estate markets demonstrated varied performance, with Grade A offices maintaining momentum from technology sector demand and retail transformation driven by athleisure and F&B expansion. The residential market saw mixed conditions with premium condominium improvements but a slowdown in landed housing activity despite remaining healthy. The logistics sector showed strong resilience with vacancy rates improving from 10% to 6% amid healthy Chinese FDI, while hotels maintained revenue growth despite occupancy declines.
Our Jakarta Property Market Review report offers insights into the city's real estate landscape, reflecting JLL's commitment to shaping the future of real estate for a better world.