JLL study: Jakarta mall occupancy reaches 86 percent
Property consultancy Jones Lang LaSalle (JLL) has reported that shopping centre occupancy in Jakarta reached approximately 86 percent in the second quarter of 2026, driven by tenant expansion and mall optimisation activities undertaken by operators.
Head of Project and Asset Management at JLL Indonesia Naomi Patadungan said retail space demand is currently coming largely from the food and beverage (F&B), wellness, and experiential retail sectors.
“Based on our discussions with landlords and building operations, through several associations such as APPBI (Indonesian Shopping Centre Management Association), we are seeing more tenant inquiries coming in, especially for F&B, wellness, and experiential retail stores, including pet shops, which are also seeing quite high inquiry levels,” Naomi said during a media briefing for the Jakarta Property Market Overview 2Q in Jakarta on Tuesday.
According to her, the trend is also being driven by changing preferences among younger consumers, particularly Generation Z, who are increasingly seeking new brands and different experiences when visiting shopping centres.
She explained that F&B is now present with a variety of concepts and products designed to attract young consumers. This is evident from the long queues at several new outlets, especially beverage products.
Naomi said the phenomenon is boosting visitor traffic while also extending the time consumers spend inside malls.
According to her, the increase in visits is encouraging shopping centre owners (landlords) to maintain mall appeal through renovations and expansion of retail areas.
Operators are also beginning to combine conventional retail concepts with outdoor retail, while curating the F&B tenants and products entering their malls.
Naomi assessed that this strategy is one of the efforts by mall owners to maintain traffic amid changing consumer behaviour.
“This also raises landlords’ hopes of continuing to secure good traffic. They are then carrying out renovations, expanding their retail offerings, especially retail brands, and also combining conventional retail with outdoor retail,” she said.
The JLL study recorded that occupancy at premium shopping centres (prime malls) reached approximately 96 percent.
Meanwhile, Jakarta’s shopping centre stock in the second quarter of 2026 remained at around 3.2 million square metres as no new supply entered the market during the period.
Average prime mall rents were recorded at approximately Rp621,341 per square metre per month, a slight quarterly increase of 0.25 percent.
JLL estimates that prime mall rental levels will rise by around 3 percent this year.