Jakarta, the capital and the largest city in Indonesia, with a population of approximately 10 million, is the center for commercial activity. High per capita income, dominant middle class and rising purchasing power have accentuated the demand for contemporary retail, paving an opportunity for international retailers in the city.
Over time, shopping malls have seen improved occupancy owing to relocations and entry by international retailers. There are a number of shopping malls present and under construction that will provide options for expansion across the city.
The official metropolitan area, is known as Jabodetabek, a name formed by combining the initial syllables of Jakarta, Bogor, Depok, Tangerang, Bekasi. The population of Greater Jakarta (Jabodetabek Region) is 30.76 million.
PLAZA INDONESIAPlaza Indonesia was the first high-end shoping center in Indonesia to open in 1990. Plaza Indonesia is located in the prominent corner of Jakarta’s famous landmark, the Selamat Datang (Welcome) Statue in Central Jakarta. There are numerous international and luxury fashion brands including Burberry, Channel, Christian Louboutin, Christian Dior, Hermes, Louis Vuitton, Versace and many more.
PLAZA SENAYANPlaza Senayan is an upscale shopping center in Senayan, the central area of Jakarta which opened in 1995. It offers a diverse range of high-end shops and services. This mall is currently one of the most popular spots to see and be seen in Jakarta, and it is truly a refection of Jakarta’s mall culture. Retailers such as Christian Dior, Foodhall, Gucci, Fendi, Hero, Louis Vuitton, Metro, Sogo and Tory Burch are represented.
SENAYAN CITYSenayan City is an upscale shopping mall in Senayan, the central area of Jakarta. It is part of a mixed-use development of a shopping center, an office tower, and an apartment tower. Senayan City is home to numerous high-end fashion tenants and internationally recognized retailers and global brands. It is anchored by Debenhams and Best Denki electronic store.
PACIFIC PLACEThe Pacific Place Jakarta is another high-end shopping mall located in the Sudirman Central Business District, South Jakarta. It is part of a mixed-use project, which comprises Pacific Place Mall, One Pacific Place office tower, Ritz-Carlton Hotel, and Ritz-Carlton Private Residence.
PONDOK INDAH MALLPondok Indah Mall (PIM) is located in wealthy Pondok Indah suburb of South Jakarta. It consists of two large malls, the older 3-storey PIM 1 and the newer 5-storey PIM 2, which are interconnected via pedestrian shopping-bridges.
MAL KELAPA GADINGMal Kelapa Gading is a modern shopping and entertainment center located in Kelapa Gading, North Jakarta. Kelapa Gading is an integrated residential area targeted toward the middle to upper market. Mal Kelapa Gading Complex consists of Mal Kelapa Gading 1, 2, 3, and 5 and La Piazza, a structure dedicated to restaurants and cafes.
MAL TAMAN ANGGREKLocated in West Jakarta, Mal Taman Anggrek was once Southeast Asia’s largest shopping mall when opened in 1996. The mall also boasts Southeast Asia’s first indoor ice rink, which continuously draws crowds from various parts of the city. The mall is part of a mixed-use complex with eight condominium towers.
CENTRAL PARKCentral Park in West Jakarta is a mixed-use complex, including a shopping mall, an office tower, 3 condominium towers, and a Pullman Hotel. The shopping center is anchored by Carrefour and Sogo Department Store, and house numerous well-known international fashion tenants and global brands.
EMPORIUM PLUITEmporium Pluit Mall is part of a mixed-use complex, called CBD Pluit, which consists of a shopping mall, condominium, and office towers. Located in the residential area of Pluit, North Jakarta, Emporium Pluit targets the middle-upper segment. The mall is anchored by Carrefour and Sogo.
GRAND INDONESIAGrand Indonesia Shopping Town is currently the biggest shopping center in Indonesia with the total net lettable area of approximately 140,000 sq.m. The mall targets the upper market segment groups. The Grand Indonesia complex comprises Grand Indonesia Shopping Town, Hotel Indonesia - Kempinski, Kempinski Residence, and Menara BCA Office Tower.
|SHOPPING CENTER TO WATCH OUT FOR|
|Center Name||Mall Pantai Indah Kapuk|
|- Retail GLA||-|
|Opening Date||Q4 2015|
|Anchor Tenants||Mall Pantai Indah Kapuk (PIK Mall) is an upcoming shopping centre located in a premium residential area of Pantai Indah Kapuk at North Jakarta. PIK Mall has adapted the concept of outdoor shopping centre and considered to be the first shopping centre using this concept within the area with some anchor tenants such as Blitz Megaplex, Gold’s Gym and Ranch Market. It also surrounded by commercial shophouses and two future hotels managed by Accor Group, which are Novotel Suite Hotel & Ibis Style Hotel.|
|SHOPPING CENTER TO WATCH OUT FOR|
|Center Name||soho podomoro city|
|- Retail GLA||-|
|Opening Date||Q4 2015|
|Anchor Tenants||Central Park is a mixed-use complex in West Jakarta develop by Agung Podomoro Group which consist a shopping centre, office tower, shophouses, apartment and hotel. SOHO Podomoro City is an extension from the existing Central Park Mall with 44.000 sq.m lettable area which is considered to be the biggest mixed-use complex in the area of West Jakarta.l.|
|KEY AREAS / STREETS/SHOPPING CENTERS||CONSUMER PROFILE||MAJOR RETAILERS PRESENT||NEW ENTRANTS||TYPICAL RENT FOR UNIT OF 200 SQM||RANGE OF UNIT SIZES|
|Plaza Indonesia||Upper||Balenciaga, Burberry, Bottega Veneta, Bvlgari, Celebrity Fitness, Cinema XXI, Channel, Christian Dior, Christian Louboutin, Fendi, Fitness First, Foodhall, Gucci, Louis Vuitton, Versace.||Mulberry||US$75-150/sq.m/month||50-150 sqm|
|Plaza Senayan||Upper||Cinema XXI, Christian Dior, Fendi, Foodhall, Gucci, Hermes, Hero, Louis Vuitton, Metro, Sogo, Tory Burch.||Bvlgari||US$85-150/sq.m/month||50-150 sqm|
|Senayan City||Upper||Best Denki, Bottega Veneta, Burberry, Cinema XXI, Debenhams, Fitness First, Gucci, Kare, Salvatore Ferragamo, Yves Saint Laurent.||na||US$80-100/sq.m/month||50-150 sqm|
|Grand Indonesia||Upper||Ace Hardware, Best Denki, Blitz Megaplex, Bottega Veneta, Central, Fitness First, Foodhall, Gucci, Gramedia, H&M, Hugo Boss, Ranch Market, Seibu, Uniqlo.||na||US$70-80/sq.m/month||50-150 sqm|
|Pacific Place||Upper||Best Denki, Blitz Megaplex, Bvlgari, Fitness First, Galleries Lafayette, Hermes, Kem Chick, Kidzania, Louis Vuitton, Metro.||Miu Miu, Prada||US$80-100/sq.m/month||50-150 sqm|
|Pondok Indah Mall||Middle-Upper||Celebrity Fitness, Cinema XXI, Foodhall, Hero, Hugo Boss, Metro, Sogo.||na||US$60-80/sq.m/month||50-150 sqm|
|Mal Kelapa Gading||Middle-Upper||Best Denki, Celebrity Fitness, Cinema XXI, Farmers Market, Foodhall, Gramedia, Pongs Do It Best, Star Dept, Sogo, Timezone.||na||US$40-50/sq.m/month||50-150 sqm|
|Mal Taman Anggrek||Middle-Upper||Cinema XXI, Fitness First, Hero, Matahari, Uniqlo, Metro.||na||US$60-70/sq.m/month||50-150 sqm|
|Central Park||Middle-Upper||Best Denki, Blitz Megaplex, Carrefour, Celebrity Fitness, Gramedia, Hugo Boss, Sogo.||na||US$60-70/sq.m/month||50-150 sqm|
|Emporium Pluit||Middle-Upper||Carrefour, Cinema XXI, Gramedia, H&M, Sogo.||na||US$40-50/sq.m/month||50-150 sqm|
|Gandaria City||Middle-Upper||Celebrity Fitness, Cinema XXI, H&M, Hugo Boss, LotteMart, Metro, Uniqlo.||na||US$50-60/sq.m/month||50-150 sqm|
|Kota Kasablanka||Middle-Upper||Carrefour, Celebrity Fitness, Cinema XXI, Sogo.||na||US$50-60/sq.m/month||50-150 sqm|
|Lippo Mall Kemang||Middle-Upper||Ace Hardware, Best, Cinema XXI, Denki, Debenhams, Eatery, Fitness First, Hypermart, Wowzonia.||na||US$50-60/sq.m/month||50-150 sqm|
Data as of April 2015
Jakarta is the centre of lifestyle and dining experiences in Indonesia. It is a growing yet competitive retail market plus one of the most innovative and dynamic markets, where consumers have been very receptive to new concepts and formats.
The F&B sector has a lot of penetration of international brands, especially in categories such as cafés or QSRs like Starbucks, The Coffee Bean & Tea Leaf, Häagen-Dazs, KFC, Mc Donalds, Pizza Hut, Wendy’s etc. There is also competition from local players that have more expertise and know-how to cater to home taste.
|KEY AREAS||CONSUMER PROFILE||FOOD & BEVERAGE OPERATORS INCLUDING||MONTHLY RENT FOR 350 sqm UNIT|
|Plaza Indonesia||Upper||Bakerzin, Cheese and Caviar, Cork and Screw, Din Tai Fung, I-Ta Suki, Nanny’s Pavilion, Pizza e Birra, Taste Paradise.||US$75-100/sq.m|
|Plaza Senayan||Upper||Applebee’s, Crystal Jade Restaurant, Fukuten, Hacienda, Ippachi, Katsura, Remboelan, Rustique Grill and Wine.||US$85-100/sq.m|
|Senayan City||Upper||Angus House, Bamboo Dim Sum, Kitchen, Duck King, Pannacotta, Penang Bistro, Sate Khas Senayan, Sushi Tei, Takigawa,||US$80-100/sq.m|
|Grand Indonesia||Upper||Bennedict, Benihana, Hanei, Jitlada Thai Cuisine, Jun Njan, Kafe Betawi, Palalada, Ramen 38, Tatemukai.||US$70-80/sq.m|
|Pacific Place||Upper||Corks & Screw, Hard Rock Café, Odyssey, Ootoya, Opera Blanc, Panacotta, Paul, Potato Head, Tesate, Waroeng Kita.||US$80-100/sq.m|
|Pondok Indah Mall||Middle-Upper||American Grill, Duck King, Hacienda, Hanei, Kin No Taki, Radja Ketjil, Remboeland, Seoul Garden, Taichan Ramen, Yoshinoya.||US$60-80/sq.m|
|Mal Kelapa Gading||Middle-Upper||Alibaba Steak, Chicken Village, Duck King, Golden Jade Kitchen, Pepper Lunch, Sapo Oriental, Shabu Tei Restauran, Yuraku||US$40-50/sq.m|
|Mal Taman Anggrek||Middle-Upper||Ajisen Ramen, Beppu Menkan, Canton Bay, Han Gang, Kiyadon, Le Soho, Little Penang, Pasta De Waraku, Sushi Groove, Ta Wan||US$60-70/sq.m|
|Central Park||Middle-Upper||Billie Chick, Hachi Hachi Bistro, Kamikaze, Fish Market, May Star, Michel’s Patisserie, Pines Kitchen, Shabuya, Warung Leko.||US$60-70/sq.m|
|Emporium Pluit||Middle-Upper||Ah Mei Café, Bakmi GM, Chef Table, Imperial Chef, Kafe Betawi, Sushi Tei, Sushi Tengoku, Han Gang, XO Suki, Yoshinoya.||US$40-50/sq.m|
|Gandaria City||Middle-Upper||Amadeus, Billychick, Butcher, Cal-Roll Factory, Cozi & Friends, May Star, Nanny’s Pavillon, Waroeng Kita, White Hunter.||US$50-60/sq.m|
|Kota Kasablanka||Middle-Upper||Bon Chon Chicken, Eat & Eat Food Gallery, Little Taiwan, Shabu Slim, Steak 21, Tawan, Yoshinoya.||US$50-60/sq.m|
|Lippo Mall Kemang||Middle-Upper||Bon Chon Chicken, Dam, Eatery, Ikuze, Imperial Jade, Kafe Betawi, Kopi Kitchen, Ootoya, Urban Bistro, White Elephant.||US$50-60/sq.m|
Data as of April 2015
Cushman and Wakefield Indonesia
Indonesia Stock Exchange Building 2, 15/F
Tel: +62 21 2550 9560