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Jakarta Marketbeat Q1 2026

Arief Rahardjo • 28/04/2026

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 Q1 2026

One en-bloc transaction of Pacific Century Place (PCP) Tower (93,300 sqm) in SCBD superblock was confirmed done in the first quarter 2026 with total transaction value of about US$400 million.

JAKARTA RETAIL Q1 2026

The average base rent reached Rp837,400 per sqm per month, reflecting a growth of 1.3% YoY and 0.3% QoQ. Meanwhile, the average service charge remained unchanged from that of the previous quarter, standing at Rp199,700 per sqm per month, whilst recording a YoY change of 0.9%.

GREATER JAKARTA RETAIL Q4 2025

Looking ahead, the market is expected to welcome three new shopping mall developments within the next 12 months: Summarecon Mall Bekasi Phase 2, the extension of Grand Metropolitan Mall Bekasi, and Jewel Garden PIK 2.

CONDOMINIUM Q1 2026

At the beginning of 2026, Greater Jakarta’s condominium market saw modest new supply. Several other projects originally targeted for completion in the first quarter of 2026 have been placed on hold, continuing the ongoing delays in the development pipeline.

RENTAL APARTMENT Q1 2026

During the review quarter, serviced apartments recorded a slight improvement in occupancy rates (+0.4% QoQ % or -1.4% YoY), due to the increase of short-term demand during the Eid holiday period.

GREATER JAKARTA RETAIL Q4 2025

Looking ahead, the market is expected to welcome three new shopping mall developments within the next 12 months: Summarecon Mall Bekasi Phase 2, the extension of Grand Metropolitan Mall Bekasi, and Jewel Garden PIK 2.

INDUSTRIAL Q1 2026

The warehouse market continued to exhibit strong performance, supported by notable increases in occupancy levels, which reached a new record high of 92.6%, with Jakarta recorded the highest occupancy rate within the Greater Jakarta area.

HOTEL H2 2025

Hotel operators are focusing on market diversification, product and service innovation which previously focused on guests from government institutions and state-owned enterprises are now enhancing their services and products to attract guests from private companies, professional associations, communities, and political parties.

LANDED RESIDENTIAL H2 2025

While the current regulation officially extends the 100% VAT subsidy for residential properties until 2026, the government has signaled plans to continue the subsidy through December 2027, covering landed houses priced up to IDR 5 billion with a subsidy cap of IDR 2 billion.

Jakarta MARKETBEATS

Office Buildings CBD
CBD OFFICE Q2 2026

The positive net take-up of 26,000 sqm was recorded during the second quarter of 2026 up to 45,500 sqm. A significant portion of this take-up was still contributed by Grade A offices. In contrast, Grade C office buildings recorded negative net absorption of approximately 13,000 sqm, primarily due to tenants relocating to Grade A office buildings that offer higher-quality space.

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Shopping Retail
JAKARTA RETAIL Q2 2026

The food and beverage (F&B) sector, particularly beverage brands, remained the primary driver of leasing demand through the opening of new outlets.

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Shopping Retail
GREATER JAKARTA RETAIL H1 2026

Total retail stock in Bodetabek increased to approximately 3,214,000 sqm (+1.5% HoH & +1.5% YoY) following the completion of two new retail projects during H1 2026.

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Warehouse Internal Rack
CONDOMINIUM Q2 2026

Over the next three years, new supply is expected to remain concentrated in Tangerang, Bekasi, and South Jakarta.

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Warehouse Internal Rack
RENTAL APARTMENT Q2 2026

Demand remained resilient with limited quarter-on-quarter movement, reflecting a largely unchanged market environment.

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Warehouse Internal Rack
INDUSTRIAL Q2 2026

New warehouse supply remained concentrated in Bekasi, followed by Karawang and Jakarta. By the end of the year, the market is expected to add approximately 114,000 sq m of new warehouse space.

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hotel facade
HOTEL H1 2026

Government agencies and state-owned enterprises (SOEs) budget efficiency measures continue to negatively impact demand for guest rooms and meeting spaces.

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Warehouse Internal Rack
LANDED RESIDENTIAL H1 2026

Tangerang accounted for 73% of total new supply, continuing to dominate new project launches and reflecting the ongoing concentration of residential development activity in the corridor.

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