# Asset quality drives widening gap between Jakarta malls

- **Source:** Real Estate Asia
- **Published:** 2026-08-03T23:35:47.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-retail/news/asset-quality-drives-widening-gap-between-jakarta-malls
- **Topics:** Commercial & Industrial, Transactions & Deals, Regional Markets

## Featured rationale

Selective retailer expansion signals that asset quality and management increasingly drive leasing outcomes, potentially pressuring weaker malls to upgrade facilities and experiential offerings.

## AI summary

Jakarta retail occupancy improved in Q2 2026, but prime regional malls and well-managed mixed-use developments continued outperforming older, less competitive centres.

## Original article

Jakarta's retail recovery is becoming increasingly uneven.

Jakarta's retail recovery is becoming increasingly polarised, with stronger shopping centres continuing to improve occupancy while older and less competitive malls struggle to attract tenants and shoppers, according to Colliers.

In its Q2 2026 retail market report, Colliers said overall occupancy continued to improve during the quarter, but performance differed significantly across retail formats. Prime regional malls and well-managed mixed-use developments maintained relatively high occupancy, supported by resilient consumer spending and retailer demand, while secondary centres experienced slower leasing activity.

Colliers said retailers are becoming more selective, concentrating expansion in malls that deliver stronger customer traffic and higher sales productivity rather than simply increasing store numbers.

The consultancy added that vacancy is increasingly a reflection of asset competitiveness and management quality rather than an oversupply of retail space. Shopping centres that regularly refresh tenant mixes, upgrade facilities and strengthen experiential offerings are maintaining healthier occupancy levels, while slower-to-adapt assets continue to face higher vacancy.

Looking ahead, Colliers expects occupancy to improve gradually but unevenly, with the strongest performance coming from malls that successfully reposition themselves as integrated lifestyle destinations through tenant curation, experiential retail and community-focused programming.

## Chinese translation

> Translation model: grok_cli

### 资产质量拉大雅加达商场表现差距

雅加达零售复苏正日益两极分化，较强购物中心持续改善出租率，而较旧、竞争力较弱的商场则

雅加达零售复苏正变得日益不均衡。

据高力国际（Colliers）称，雅加达零售复苏正日益两极分化，较强购物中心持续改善出租率，而较旧、竞争力较弱的商场则难以吸引租户和购物者。

在其2026年第二季度零售市场报告中，高力国际表示，整体出租率在该季度继续改善，但不同零售业态表现差异显著。优质区域性商场及管理良好的综合用途项目维持相对高的出租率，受益于韧性的消费支出和零售商需求；而次级中心的租赁活动则较为缓慢。

高力国际表示，零售商正变得更加挑剔，将扩张集中于能带来更强客流与更高销售效率的商场，而非单纯增加门店数量。

该咨询机构补充称，空置越来越反映的是资产竞争力与管理质量，而非零售空间供应过剩。定期更新租户组合、升级设施并强化体验式业态的购物中心，维持着更健康的出租水平；而适应较慢的资产则继续面临更高空置。

展望未来，高力国际预计出租率将逐步但并不均衡地改善，表现最强的将是那些通过租户策展、体验式零售和社区导向活动，成功将自身重新定位为综合生活方式目的地的商场。