Jakarta Retail Figures Q2 2026

Executive Summary

• Annajon @ The Sima added approximately 10,000 sqm of retail space in Q2 2026, while together with PIM 5 representing the only notable additions this year; with Holland Village as the sole major pipeline project, retail supply growth is expected to remain limited over the medium term.
• Demand strengthened driven by expansion from F&B, sports lifestyle, and stationery retailers, with upper-grade malls capturing the largest share of leasing activity; consequently, net take-up rose 32% q-o-q and occupancy improved to 86.4% by end-June 2026.
• With only one project in the pipeline, retail supply growth is expected to remain limited, while continued expansion by lifestyle retailers should support higher absorption and occupancy, which is projected to improve toward 88% as the market gradually stabilizes.