Retail Sector SURABAYA RETAIL. Supply. Half Year Report H Forecast at a glance. Accelerating success.
|
|
- Steven Wright
- 6 years ago
- Views:
Transcription
1 Half Year Report SURABAYA RETAIL H Accelerating success. Retail Sector Ferry Salanto Senior Associate Director Research Marvel City Shopping Mall (15,000 sq m net area) became a newly operating shopping centre during H Conversely, Golden City has ceased operation since early 2016 for renovation thus reducing the cumulative supply of shopping center space in by around 18,000 sq m to 967,808 sq m. The newly operating Tunjungan Plaza V and Marvel City that began operation in the last one year brought more vacant retail space onto the market and pressured occupancy rates down by 1.7% YoY to 82.4%. The average asking base rent was recorded at IDR439,770/sq m/month which confirmed that rates have been relatively flat over the last semester. Forecast at a glance Supply will see additional retail space of 40,000 sq m by end 2016 and will further receive 263,750 sq m during Demand We anticipate more fashion and food retailers in. Occupancy Occupancy should slightly drop by 1% by end of 2016 owing to the commitment level of tenants in the new shopping centres. Rent The operation of new shopping centres, and their higher asking rates, will likely result in overall rent increases of 3% to 5%. Supply After the beginning of operation of Tunjungan Plaza V last year, Marvel City Shopping Mall became a newly operating shopping centre during H This shopping centre is located in a mixed-use development project and provides around 15,000 sq m of net lettable area (NLA). Conversely, Golden City which is located at Jalan Wahab Siamin (South ) stopped operation early 2016 for renovation. By reducing around 18,000 sq m, cumulative supply of shopping centre space in was recorded at 967,808 sq m as of H There are 30 operating shopping centres in since the opening of Pasar Atum in 1976 which means that the average annual supply until now is around 23,000 sq m. The retail market is expecting a huge additional retail of around 300,000 sq m from now up to the end of However, based on development status, most of these shopping centres ares in the planning stage which might be uncertain in the completion schedule. Three of the future shopping centres are already in the under construction stage, namely Supermal Pakuwon 2, Tunjungan Plaza VI and The Central Gunawangsa. These three shopping centres have been under construction since. Most future shopping centres in will be part of mixeduse development or as an expansion plan of the operating project. The developers aim at maximising the use of the land amidst land scarcity in most commercial areas in. The mixed-use concept has been quite successful in and this will be imitated in the future projects like Ciputra World Mall 2, Supermal Pakuwon 2, Tunjungan Plaza VI and One Galaxy Mall (third stage of the whole development). Another future shopping centre will likely come from a government project. Recently, the government of City confirmed to terminate lease agreement with the management of Hi-Tech Mall in North and that will end in The major issue arose mainly because the land value in the contract is lower than the current Tax Office Appraised Value (NJOP). The projects will be taken over by the government after the end of the contract and the city government will initiate a search for investors to re-develop that commercial area.
2 Cumulative Supply of Retail Centers in sq m 1,400,000 1,200,000 1,000, , , , ,000 0 All regions in will actively contribute additional new retail spaces. Central and South will share around 160,000 sq m or 52% of total projected additional supply by South itself will become the most active region in providing future additional retail supply. As of H1 2016, four shopping centres which are located in A. Yani Mayjend Sungkono corridor are expected to meet completion time in These four future shopping centres will bring 91,000 sq m of additional supply by Total Existing and Projected Retail Space in Several Regions in West F 2017F 2018F East Existing Supply Additional Supply Additional YTD Future Supply North When Supermal Pakuwon 2 gets to completion time, the cumulative retail supply will be circa one million sq m in as of Of the overall retail space stock in, around 36% is marketed as retail space for sale (strata-title). This proportion will decrease in line with the absence of additional strata-title shopping centres up to Total retail space for sale is expected to contribute only 29% of the total supply in Cumulative Supply of Retail Centers Based on Marketing Scheme South Central 0 90, , , , ,000 sq m Existing Supply Future Supply 1,000, , , , , , , , , , YTD 2016F 2017F 2018F sq m For Lease For Sale 2 Half Year Report H Retail Colliers International
3 New Supply Pipeline shopping centre developer region nla (sq m) marketing scheme development Status 2016 Supermal Pakuwon 2 Pakuwon Jati West 40,000 For Lease Under Construction 2017 Tunjungan Plaza VI Pakuwon Jati Central 33,000 For Lease Under Construction The Central Gunawangsa Tidar Warna Warni Advertising East 10,000 For Lease Under Construction Capital Square Greenwood Sejahtera Central 6,000 For Lease In Planning 2018 Praxis Intiland Development Central 22,750 For Lease In Planning The Frontage Panca Wira Usaha South 30,000 For Lease In Planning Ciputra World 2 Ciputra Central 40,000 For Lease In Planning Mall Pasar Atum 2 Senopati Perkasa North 40,000 For Lease In Planning One Galaxy Mall Sinar Galaxy Group East 60,000 For Lease In Planning Puncak CBD Surya Bumimegah Sejahtera West 30,000 For Lease In Planning Lippo Mall Gubeng Lippo Karawaci Central 12,000 For Lease In Planning Grand Sungkono Lagoon Pembangunan Perumahan South 15,000 For Lease In Planning Puri City Mahkota Berlian Cemerlang East 10,000 For Lease In Planning Performance Demand and Occupancy Occupancy Rates 100% 90% 80% In many cases, a new mall generally secures initial tenants precommitted occupation prior to the beginning of mall operation. It provides vacant spaces in the early years and thus affects the overall occupancy rates. Tunjungan Plaza V and Marvell City that began operation in the last year and the closure of Golden City provides more vacant retail space onto the market and bring pressure to the occupancy, which was down 1.7% YoY to 82.4% as of H Furthermore, we anticipate a further decline in occupancy by the end of 2016 when Supermal Pakuwon 2 becomes officially operational. 70% 60% 50% 40% 30% 20% 10% 0% YT D Although the occupancy performance has been recorded in the downward trend, still becomes an attractive destination for both local and foreign retailers to expand business. We note several fitting out works in progress during the reviewed period which indicated a good signal for the prospect of retail business in.. During the period there were some newly committed tenants mostly selling fashion and accessories products such as H&M, Uniqlo and Cotton On. Imax and CGV are also expanding to currently. CGV is the largest cinema chain from South Korea and is in cooperation with the Blitz, a local cinema network. Meanwhile Trans Retail Indonesia that owned Transmart brand, is continuing expansion in the serviced areas. Shortly, Transmart will occupy around 9,000 sq m at a shopping centre in West. Some food and beverages retailers will also be brought to this mall which is located near Pakuwon Mall Project. 3 Half Year Report H Retail Colliers International
4 Occupancy Rates of Shopping Centers in Different Regions in 100% 95% 90% 85% 80% 75% 70% 65% 60% The retail occupancy performance in three regions in including East, South and West has gradually decreased. A relatively low tenants commitment that opened at Marvell City brought the occupancy down 10.6% in East over the previous semester. As mentioned above, a temporary closure of Golden City Mall also caused the decreasing occupancy by 6% in South, but it was still below the occupancy drop in East by around 10%. A number of middle-upper class retailers in Supermal Pakuwon Indah 1 closed the stores particularly in anticipation of moving to the higher class Supermal Pakuwon Indah 2 which is now approaching the finishing works. As such, the occupancy level in West was down 2.5% HoH because of this. 55% 50% 2016YTD Central South North East West Tenants Commitment at New and Future Shopping Centres in shopping centre Marvell City COMMITTED TENANT CGV Blitz, LotteMart, Electronic Solution, Fun World Supermall Pakuwon Indah Extension H & M, Sogo, Zara, Stradivarius, Mango, Pull & Bear, Sephora, Cotton On, Bershka, Mark & Spencer, Miss Selfridge, Guess, Forever New, Bonia, Fossil, Lacoste, Pedro, Aldo, Lottemart, Charles & Keith, Bath & Body Works, Quik Silver, Ripcurl, Burger King, Toys Kingdom, Chipmunks, Braun Buffel, Uniqlo, Swaroski The Central Gunawangsa Hari Hari, My Gym, Nang Karaoke Tunjungan Plaza V Imax, Inul Vizta, Braun Buffel, Geox, Ecco, Bucheri, Nike, Madame Lie, Sushi Tei, Fish & Co, Duck King, Marks Spencer, Kidz Station, Mothercare, Tree House, Gingersnaps, Chipmunks, Burberry, Louis Vuitton, Ermenegildo Zegna, BOSS, Balenciaga, Yves Saint Laurent, Toni Dress, The Premiere, XXI, Cotton On, Aeropostale, American Eagle, Paul Frank Rental Rates Asking base rents was recorded at IDR439,770/sq m/month which implied that the rates have been relatively flat over the last semester. The only region with rental adjustment was East, albeit moderate. Marvel City as newly operating shopping centre located not far from the downtown of offers higher asking rents than the exiting shopping centres in the East. Still in the East, one established shopping centre in Jalan Dharmahusada adjusted the rents, particularly on the ground floor area due to continued inquiries for retail space. These two shopping centres helped bring the average asking rent in East to record IDR381,049/sq m/month. Nonetheless, the average asking rents in East was still lower than in West and Central. Central continued to maintain the highest asking rents among all regions in by recording IDR579,866/sq m/month. This figure was 70% more expensive than the lowest average asking rents in South as of H Most shopping centres in South are categorised as middle lower class shopping centres. The majority of shopping centres in south still charge rents in the range of IDR200,000 to IDR400,000/ sq m/month. Overall, the average asking rent in South was slightly up by 5.2% to IDR341,814 this semester particularly subsequent to the cessation of Golden City (which quoted lower rent than the market average). In South area, Ciputra World Shopping Mall registered the highest rents which was around 50% higher compared to other shopping centres in East. 4 Half Year Report H Retail Colliers International
5 Average Asking Base Rental Rates in Different Regions IDR600,000 IDR500,000 IDR400,000 IDR300,000 IDR200,000 The already-high rent in Central had been relatively flat over the last semester as the majority of landlords attempt to maintain tenants to keep occupancy high. Notwithstanding the forthcoming competitive market, we still foresee that the asking rent would increase albeit moderately. The high occupancy at the middle upper class malls would lead to the limited vacant spaces. In 2017, we are expecting another shopping centre that will be located in Tunjungan City and judging from its prime location the asking rents is anticipated to be higher than other existing shopping centres in and thus would bring the average rental rate to climb going forward. The Range of Asking Base Rent in Different Regions IDR900,000 Central South North East West 2016YTD Service Charge Average Service Charge in Different Regions IDR120,000 IDR80,000 IDR60,000 IDR40,000 IDR20, YTD Central South North East West The Range of Service Charge in Different Regions IDR140,000 IDR120,000 IDR80,000 IDR60,000 IDR40,000 IDR20,000 IDR800,000 IDR700,000 IDR600,000 Central South North East West IDR500,000 IDR400,000 IDR300,000 IDR200,000 Central South North East West 5 Half Year Report H Retail Colliers International
6 The average service charge hovered at IDR99,385/sq m/month as of H1 2016, relatively unchanged compared to the previous semester. Central shows a wider range in the service charge as the area is not only the place of upper class malls but there is also one operating old mall in the downtown, and a trade centre that quote relatively low service charge. Most of upper class shopping centres in South and Central recorded the highest service charge at around IDR130,000/sq m/ month. Currently around 10 (out of total 30) shopping centres in quote for maintenance fee between and IDR130,000/sq m/month. Some of the old shopping centres and strata-title centres still charge maintenance cost below /sq m/month. For more information: Ferry Salanto Senior Asociate Director Research ferry.salanto@colliers.com Contributors: Eko Arfianto Manager Research Copyright 2016 Colliers International. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report. Accelerating success.
Retail Sector SURABAYA RETAIL. Supply. Colliers Half Year H February Forecast at a glance. Accelerating success.
Colliers Half Year H2 2016 16 February 2017 SURABAYA RETAIL Accelerating success. Retail Sector Ferry Salanto Senior Associate Director Research Supply is expected to grow. Six future shopping centres
More informationOffice Sector SURABAYA OFFICE OFFICE FOR LEASE. Supply. Colliers Half Year H August Forecast at a glance. Accelerating success.
Colliers Half Year H1 2017 14 August 2017 SURABAYA OFFICE Accelerating success. Office Sector Ferry Salanto Senior Associate Director Research Since, office demand has continued its gloomy condition in.
More informationA modest supply projection in 2018 will help lift retail market performance
2010 2019E 2020E Colliers Quarterly SURABAYA RETAIL H2 21 March 2018 A modest supply projection in 2018 will help lift retail market performance Ferry Salanto Senior Associate Director Jakarta Retail market
More informationSURABAYA OFFICE H September 2018
Colliers Quarterly SURABAYA OFFICE H1 2018 20 September 2018 Ferry Salanto Senior Associate Director As the second largest city in Indonesia, is a business gateway for companies wishing to invest in the
More informationApartment Sector SURABAYA APARTMENT APARTMENT FOR STRATA- TITLE. Supply. Colliers Half Year H August Forecast at a glance
Colliers Half Year 14 August 2017 SURABAYA APARTMENT Accelerating success. Apartment Sector Ferry Salanto Senior Associate Director Research In general, the apartment market in remains subdued as reflected
More informationApartment Sector SURABAYA APARTMENT APARTMENT FOR STRATA- TITLE. Supply. Colliers Half Year H February Forecast at a glance
Colliers Half Year 16 February 2017 SURABAYA APARTMENT Accelerating success. Apartment Sector Ferry Salanto Senior Associate Director Research Despite further pressure from tight competition amongst projects
More informationSupply CBD 8,000,000 7,000,000 6,000,000 5,000,000
Colliers Quarterly Q2 217 14 August 217 JAKARTA OFFICE Accelerating success. Office Sector Ferry Salanto Senior Associate Director Research Outlook for the office sector is quite positive. In the short
More informationCentral Business District (CBD)
2019E 2020E Colliers Quarterly JAKARTA OFFICE 8 May 2018 Ferry Salanto Senior Associate Director Jakarta Demand rose slightly this quarter, highlighted by several transactions involving large space. The
More informationApartment for Strata-title
Colliers Quarterly SURABAYA APARTMENT 2018 20 September 2018 Ferry Salanto Senior Associate Director More stock in the market has led to a buyer s market, which will likely cap property price appreciation.
More informationRetail Sector JAKARTA & GREATER JAKARTA RETAIL. Supply. Colliers Quarterly Forecast at a glance. Jakarta. Accelerating success.
Colliers Quarterly 311216 JAKARTA & GREATER JAKARTA RETAIL Accelerating success. Retail Sector Ferry Salanto Senior Associate Director Research In general, the performance retail market is relatively stagnant
More informationCentral Business District. JAKARTA OFFICE Q August Colliers Quarterly. Forecast at a glance. Office Spaces Offered for Lease
Colliers Quarterly JAKARTA OFFICE Q2 24 August Ferry Salanto Senior Associate Director In the half of, the total office demand in the CBD was equal with that in the same period in. However, rents remain
More informationSURABAYA PROPERTY MARKET REPORT
Colliers Half Year Report H2 2016 16 February 2017 SURABAYA PROPERTY MARKET REPORT Accelerating success. Highlights Office Sector Four office buildings began operation during 2016 adding 78,081 sq m to
More informationSURABAYA PROPERTY MARKET REPORT
Colliers Half Year Report H2 21 March SURABAYA PROPERTY MARKET REPORT Accelerating success. Colliers Quarterly SURABAYA OFFICE H2 21 March Office Ferry Salanto Senior Associate Director Without additional
More informationOffice Sector JAKARTA OFFICE. Supply. Colliers Quarterly Forecast at a glance 0. Office Spaces Offered For Lease. Accelerating success.
Colliers Quarterly 311216 JAKARTA OFFICE Accelerating success. Office Sector Ferry Salanto Senior Associate Director Research Tight competition among office buildings put pressure on rental tariff. This
More informationApartment Sector. Research & Forecast Report Surabaya Apartment 2H Apartment for Strata-title. Supply. Accelerating success.
Research & Forecast Report Apartment 2H 2015 Accelerating success. The total stock of apartment units in increased by from 18,153 in 2014 to 23,591 in 2015. The market will be swamped with an additional
More informationIndustrial Estate Sector
Research & Forecast Report Jakarta Industrial Q1 2016 Accelerating success. Industrial Estate Sector Industrial land sales tapered off with most high performing industrial estates reporting that sales
More informationOffice Sector JAKARTA OFFICE. Supply. Quarterly Report Q Forecast at a glance. Office Spaces Offered For Lease. Accelerating success.
Quarterly Report JAKARTA OFFICE Q2 216 Accelerating success. Office Sector Ferry Salanto Senior Associate Director Research Office demand has dwindled for the last two years, bolstering the negotiating
More informationIndustrial Estate Sector
Colliers Quarterly Q3 2017 3 October 2017 GREATER JAKARTA INDUSTRIAL ESTATE Accelerating success. Industrial Estate Sector Ferry Salanto Senior Associate Director Research This quarter, transaction volume
More informationCBD. Supply 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000. sq m 3,000,000 2,000,000 1,000,000
Colliers Quarterly Q3 217 3 October 217 JAKARTA OFFICE Accelerating success. Office Sector Ferry Salanto Senior Associate Director Research A mild rise in leasing activities. Intense enquiries for office
More informationCBD. An Improving level of inquiries, but rents are still depressed. JAKARTA OFFICE Q March Colliers Quarterly. Forecast at a glance
Colliers Quarterly JAKARTA OFFICE Q4 21 March 218 An Improving level of inquiries, but rents are still depressed Ferry Salanto Senior Associate Director The soaring vacancy rates, which are in line with
More informationSURABAYA PROPERTY MARKET REPORT
Colliers Half Year Report H1 2018 20 September 2018 SURABAYA PROPERTY MARKET REPORT Accelerating success. Colliers Quarterly SURABAYA OFFICE H1 2018 20 September 2018 Ferry Salanto Senior Associate Director
More informationIndustrial Estate Sector
Colliers Quarterly 31102016 GREATER JAKARTA INDUSTRIAL ESTATE Accelerating success. Industrial Estate Sector Ferry Salanto Senior Associate Director Research Since early 2016, the industrial market has
More informationRETAIL SECTOR. Research & Forecast Report Jakarta Retail Q Supply Jakarta. Accelerating success. Cumulative Supply of Retail Spaces in Jakarta
Research & Forecast Report Retail Q4 215 Accelerating success. Two shopping malls have confirmed a rescheduling of their openings until early 216 and One Belpark therefore was the only new shopping centre
More informationIndustrial Estate Sector
Colliers Quarterly Q4 16 February 2017 GREATER JAKARTA INDUSTRIAL ESTATE Accelerating success. Industrial Estate Sector Ferry Salanto Senior Associate Director Research The industrial sector has shown
More informationSupply and Rental Rates
2Q 2013 i the knowledge research & forecast report EXPATRIATE HOUSING SECTOR Due to the scarcity of expatriate-standard housing and the increasing demand for such housing, the asking rental rate for expatriate
More informationSupply. research & forecast report industrial market report. 4Q 2012 i the knowledge.
4Q 2012 i the knowledge research & forecast report industrial market report Industrial land prices in Greater Jakarta increased significantly by 44% in Karawang to an average of US$155.80/ sq m. Meanwhile,
More informationOFFICE SECTOR. Highlight. Office Spaces Offered For Lease. Research & Forecast Report Jakarta Office 3Q 2015
Research & Forecast Report Jakarta Office 3Q 215 Accelerating success. OFFICE SECTOR Highlight Poorer performance at newly operating office buildings brought occupancy in the CBD to 92.7% as of 3Q 215,
More informationRETAIL SECTOR. Highlight. Research & Forecast Report Jakarta Retail 3Q Supply Jakarta. Accelerating success.
Research & Forecast Report Retail 3Q 2015 Accelerating success. RETAIL SECTOR Highlight The recent sluggishness of economic growth and newly opened shopping centres in DKI with low occupancy brought occupancy
More informationOFFICE SECTOR. Leased Office. Research & Forecast Report 2Q Supply in the CBD. Accelerating success. CBD Office Cumulative Supply
Research & Forecast Report 2Q 214 Accelerating success. Total office space in DKI Jakarta increased modestly by only 87,63 sq m during the first half of the year with occupancy stable at 96%. A major increase
More informationJAKARTA INDUSTRIAL ESTATE Q March 2018
Bogor Tangerang Karawang Hectares Bekasi Serang Colliers Quarterly JAKARTA INDUSTRIAL ESTATE Q4 21 March 2018 Ferry Salanto Senior Associate Director Jakarta To improve infrastructure, government efforts,
More informationIndustrial Estate Sector
Research & Forecast Report Jakarta Industrial Q4 Accelerating success. During, only one industrial estate in Bekasi added to the supply of industrial land with 20 additional hectares. Nevertheless, a large
More informationIndustrial Estate Market Report
Research & Forecast Report Jakarta Industrial Estate 4th Quarter 2013 Industrial Estate Market Report Accelerating success. Contents Supply 3 Demand 4 Industrial Land Prices 5 Land Price 5 Maintenance
More informationSharper fall in office rents and capital values
Research & Forecast Report SINGAPORE OFFICE Q1 2016 Sharper fall in office rents and capital values Joanna Chen Manager, Research and Advisory The office market faces a critical juncture in the next few
More informationSupply. research & forecast report OFFICE SECTOR. 3Q 2013 i the knowledge. office sector. cbd.
3Q 2013 i the knowledge research & forecast report OFFICE SECTOR office sector After experiencing high absorption during 2011 and 2012, office demand dropped moderately during 3Q 2013 amid Indonesia s
More informationOffice for Lease. Research & Forecast Report. Supply in the CBD. Accelerating success. The CBD Office Cumulative Supply
Research & Forecast Report Accelerating success. After undergoing a gloomy outlook in 4Q, leasing and sales of office space began to pick up momentum in 1Q 214. Further, average asking base rental rates
More informationIndustrial Estate Sector
Research & Forecast Report Jakarta Industrial 2Q 2015 Accelerating success. The industrial sales have been generally sluggish; nevertheless, a substantial land transaction occurring in Modern Cikande did
More informationRent grew in the serviced apartment market
Colliers Quarterly Q4 2016 13 January 2017 BEIJING RESIDENTIAL Rent grew in the serviced apartment market Jamie Xu Analyst North China In light of tightening policies announced by the end of September,
More information1July 2018 Region. Research & Forecast Report Colliers International SOFIA OFFICE MARKET OVERVIEW H1 2018
SOFIA OFFICE MARKET OVERVIEW 1July 2018 Region Research & Forecast Report Colliers International H1 2018 2 SOFIA 19% 13% 22% 27% 59% 60% HIGHLIGHTS Class A Class B For more information: www.officemap.bg
More informationConstruction Investment Cools In Lead Up To General Election
Phnom Penh, Q2 218 Construction Investment Cools In Lead Up To General Election Average High-end Condominium Price $3,211/SQM Prime Condominium Rent $14.3/SQM Prime Office Rent $25.5/SQM Prime Retail Mall
More informationBriefing Office and retail
Savills China Research Dalian Briefing Office and retail August 218 Image: Labor Park, Qingniwa Area, Zhongshan District SUMMARY A lack of new supply saw rents and occupancy rates in both the Grade A office
More informationHas The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.
Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross
More information>> Orange County Vacancy Continues to Decline
Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> Orange County Continues to Decline Key Takeaways > The South County submarket led the Orange County market in overall net absorption
More informationIndustrialists and landlords to brace for challenges in 2016
Research & Forecast Report SINGAPORE INDUSTRIAL Q1 2016 Industrialists and landlords to brace for challenges in 2016 Doreen Goh Associate Director, Research and Advisory Leasing activities in the industrial
More informationTRENDS SUMMARY. 2 nd Quarter 2006
PT FAS In association with PT Paragon Property 2 nd Quarter 26 Jakarta TRENDS SUMMARY Office: Retail: Apartment: Hotel: Over the long term, an over supply condition may develop as new space currently under
More informationCZECH REPUBLIC RESEARCH & FORECAST REPORT Q Accelerating success.
CZECH REPUBLIC RESEARCH & FORECAST REPORT Accelerating success. RESEARCH & FORECAST REPORT CZECH REPUBLIC PRAGUE OFFICE PROPERTY MARKET SUPPLY METRIC KEY OFFICE FIGURES MEASURE Total Stock 2,773,296 m
More information>> Vacancy Stabilizes As Rents Rise To End 2016
Research & Forecast Report DOWNTOWN L.A. OFFICE Q4 216 Accelerating success. >> Stabilizes As Rents Rise To End 216 Key Takeaways > After six consecutive quarters of declines, the overall vacancy rate
More information+48.6 million sf office inventory
Research Market Report METROPOLITAN MILWAUKEE OFFICE 2018 Quarter 1 Research Wisconsin Introduction Following a strong second half of 2017, 2018 had a slow start. Despite an increase in vacancy and negative
More informationConstruction investment cools down but markets remain heated
Phnom Penh, 217 Construction investment cools down but markets remain heated Average High-end Condominium Price $3,18/SQM Prime Condominium Rent $15.6/SQM Prime Office Rent $22.2/SQM Prime Retail Mall
More informationSUBURBAN MARYLAND IN THIS ISSUE OFFICE Q RESEARCH MARKET REPORT. State of the Economy p.2. Leasing Activity p.3. Development Pipeline p.
RESEARCH MARKET REPORT SUBURBAN MARYLAND OFFICE IN THIS ISSUE State of the Economy p.2 Leasing Activity p.3 Development Pipeline p.4 Market Outlook p.5 Market Breakdown p.6 Two Massive Deals Highlight
More informationHISTORICAL VACANCY VS RENTS $1.75 2Q10 2Q11 2Q12 2Q13 2Q14
www.colliers.com/greaterlosangeles RETAIL GREATER LOS ANGELES BASIN MARKET REPORT Vacancy Decreases and Net Absorption Increases From Previous Quarter MARKET INDICATORS - VACANCY 6. NET ABSORPTION 732,000
More informationTRENDS SUMMARY. 4 th Quarter 2006
PT FAS In association with PT Paragon Property 4 th Quarter 26 Jakarta TRENDS SUMMARY Office: Retail: Apartment: There is evidence that demand is increasing for both for lease and strata title spaces.
More information>> Orange County Rents Increase to Start 2017
Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> Orange County Rents Increase to Start 2017 Key Takeaways > The Orange County office market saw positive demand for the first part
More informationEconomy. Denmark Market Report Q Weak economic growth. Annual real GDP growth
Denmark Market Report Q 1 Economy Weak economic growth In 13, the economic growth in Denmark ended with a modest growth of. % after a weak fourth quarter with a decrease in the activity. So Denmark is
More information2018: A Ground Breaking Year
Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q4 2017 2018: A Ground Breaking Year > Office inventory: 8,527,819 > Vacancy: 10.6 percent > Net absorption: 310,934 year-to-date The Northern
More informationUncertain outlook SINGAPORE OFFICE Q Colliers Quarterly. Expect rent declines to slow. Forecast at a glance.
Net Lettable Area (million sqft) Colliers Quarterly SINGAPORE OFFICE Q4 2016 7 February 2017 This report has been updated on 7 February 2017 and supersedes all previous versions Uncertain outlook Tricia
More informationProperty Sector Overview
i PROPERTY MARKET report research & forecast report office sector Property Sector Overview office sector Base rental rates in the CBD during the first quarter of 212 continued to rise. Average asking base
More informationExecutive Summary. Overview DUBAI HOUSE PRICE INDEX: QUARTER ON QUARTER Q / Q4 2015
Dubai House Price Index Fourth Quarter 2015 Index Points Index Points Executive Summary Overview DUBAI HOUSE PRICE INDEX: QUARTER ON QUARTER The overall quarterly index registered a 3% decrease in Q4 2015,
More information>> Greater Los Angeles Retail Starts 2017 At A Slow Pace
Research & Forecast Report GREATER LOS ANGELES RETAIL Q1 2017 Accelerating success. >> Greater Los Angeles Retail Starts 2017 At A Slow Pace Greater Los Angeles Retail Market The Los Angeles Basin retail
More information>> 2016 Off to A Good Start for Tri-Cities
Research & Forecast Report TRI-CITIES OFFICE Q1 216 Accelerating success. >> 216 Off to A Good Start for Tri-Cities Key Takeaways > The Tri-Cities office market saw vacancy decline for the seventh consecutive
More information>> Greater Los Angeles Retail Ends 2016 With Mixed Results
Research & Forecast Report GREATER LOS ANGELES RETAIL Q4 2016 Accelerating success. >> Greater Los Angeles Retail Ends 2016 With Mixed Results Greater Los Angeles Retail Market The Los Angeles Basin retail
More information>> Vacancy Continues to Decline While Rents Rise
Research & Forecast Report DOWNTOWN L.A. OFFICE Accelerating success. >> Continues to Decline While Rents Rise Key Takeaways > continued its gradual descent for the sixth straight quarter, recording at
More informationColliers International Indiana Region
Colliers International Indiana Region FIRST QUARTER 2011 INDUSTRIAL MARKET REPORT Q1 2011 INDUSTRIAL COLLIERS INTERNATIONAL INDIANA REGION RESEARCH & FORECAST REPORT Flourishing Developments and Company
More informationDubai House Price Index First Quarter 2016
Dubai House Price Index First Quarter 2016 Index Points Index Points Executive Summary Overview DUBAI HOUSE PRICE INDEX: QUARTER ON QUARTER The overall quarterly index registered no major change in Q1
More informationInflation Rate 6.96% Gross Domestic Product. Jul % 8.36% 4.30% 3.79% 3.35% 3.21%
Inflation Rate 6.96% 3.79% 4.30% 8.38% 8.36% 3.35% 3.21% Gross Domestic Product 2010 2011 2012 2013 2014 2015 Jul 16 Property market in Indonesia during second quarter continued to languish with more moderate
More informationMoscow office market overview
office market overview 211 The recovery of the office market continued in 211. completion volume was 198,8 sq m. Several large deals were signed. Prime rents reached USD 1, per sq m per year, a 11% growth
More informationOffice Continues Stable Growth, Meanwhile. High-End Residential Market Starts To Cool
MARKETVIEW Phnom Penh, Q1 218 Office Continues Stable Growth, Meanwhile High-End Residential Market Starts To Cool Average High-end Condominium Price $3,147/SQM Prime Condominium Rent $15./SQM Prime Office
More information>> Greater Los Angeles Retail Continues to Witness Declining Vacancy
Research & Forecast Report GREATER LOS ANGELES RETAIL Accelerating success. >> Greater Los Angeles Retail Continues to Witness Declining Vacancy Greater Los Angeles Retail Market The Los Angeles Basin
More informationRed Hot Rents & Cooling Vacancy
Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q3 2017 Red Hot Rents & Cooling Vacancy > > Office Inventory: 16,926,446 Square Feet > > Vacancy: 12.9 percent > > Net absorption: (380,946) Square
More informationCANADIAN RECOVERY REMAINS FRAGILE
Q3 OFFICE COLLIERS INTERNATIONAL MARKET REPORT WATERLOO REGION ONTARIO Waterloo Region Well-Positioned for 11 O QUEBEC Ottawa Waterloo Region Toronto Montré Burlingto CANADIAN RECOVERY REMAINS FRAGILE
More informationMANHATTAN OFFICE 2017
Research Report MANHATTAN OFFICE 2017 Accelerating success. % $ ± Market Indicators Full Year 2016 Full Year 2017 Y-O-Y Change AVAILABILITY RATE 10.3% 10.0% -0.3pp AVERAGE ASKING RENT ($/SF/YR) $73.24
More information>> Asking Rents Increase As Space Remains Limited
Research & Forecast Report MID-COUNTIES INDUSTRIAL Accelerating success. >> Asking Rents Increase As Space Remains Limited Key Takeaways > Average asking rents increased $0.02 Per Square Foot (P) Triple
More informationTRENDS SUMMARY. 1 st Quarter 2007
PT FAS In cooperation with PT Paragon Property 1 st Quarter 27 Jakarta TRENDS SUMMARY Office: Retail: Apartment: While demand for space is increasing, occupancy levels remain nearly the same as newly completed
More informationOFFICE AND RETAIL STRATA MARKETS REMAINED MUTED, WHILE SHOPHOUSES RECEIVED SUSTAINED BUYING INTEREST IN H1 2017
H1 21 BIANNUAL RESEARCH BULLETIN SINGAPORE COMMERCIAL SALES OFFICE AND RETAIL STRATA MARKETS REMAINED MUTED, WHILE SHOPHOUSES RECEIVED SUSTAINED BUYING INTEREST IN H1 21 Strata-Titled Offices: Total transaction
More informationSpotlight Marylebone and Fitzrovia
Savills World Research UK Residential Spotlight Autumn 2015 savills.co.uk/research 03 Spotlight Market overview an ongoing evolution continue to grow as demand increases for these central locations L ocated
More informationCycle Monitor Real Estate Market Cycles Third Quarter 2017 Analysis
Cycle Monitor Real Estate Market Cycles Third Quarter 2017 Analysis Real Estate Physical Market Cycle Analysis of Five Property Types in 54 Metropolitan Statistical Areas (MSAs). Income-producing real
More informationHomestretch: Office Market Set to Finish Strong
Research & Forecast Report RENO OFFICE Q3 2016 Homestretch: Office Market Set to Finish Strong >> Vacancy drops significantly the largest drop quarter over quarter in 2016 >> Rental rates are not increasing
More informationTRENDS SUMMARY. 2 nd Quarter 2007
PT FAS In cooperation with PT Penilai Wahana Caraka PT Paragon Property 2 nd Quarter 27 Jakarta TRENDS SUMMARY Office: Retail: Apartment: Hotel: Demand for new buildings is increasing from existing companies,
More informationSTABLE OCCUPANCY DESPITE RAMPED UP SUPPLY
COLLIERS QUARTERLY RESIDENTIAL MANILA Q3 2018 20 NOVEMBER 2018 Joey Roi Bondoc Manager Research Philippines +(632) 858 9057 Joey.Bondoc@colliers.com STABLE OCCUPANCY DESPITE RAMPED UP SUPPLY Summary &
More informationBrand New - Corporate - Majestic Fine Wines & Spirits 3350 S. Clack Street in Abilene, TX
PROPOSED Brand New - Corporate - Majestic Fine Wines & Spirits 3350 S. Clack Street in Abilene, TX $2,023,000 / 9% CAP 20-Year Absolute NNN Lease 10% Rental Increases Every 5-Years Corporate Lease: 49
More information>> Orange County Market Gains Positive Momentum
Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> Orange County Market Gains Positive Momentum Key Takeaways > The Orange County office market saw positive demand for third quarter
More informationQuick Absorption of Newly Constructed Office Buildings
Research & Forecast Report CHARLESTON, SC OFFICE Q3 2016 Quick Absorption of Newly Constructed Office Buildings Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> The Interstate 526
More information>> Greater Los Angeles Retail Continues to Witness Declining Vacancy
Research & Forecast Report GREATER LOS ANGELES RETAIL Accelerating success. >> Greater Los Angeles Retail Continues to Witness Declining Vacancy Greater Los Angeles Retail Market The Los Angeles Basin
More informationDETACHED MULTI-UNIT APPROVALS
HIA New Home Sales DETACHED MULTI-UNIT APPROVALS SALES MULTI-UNIT DETACHED A monthly update on the sales of new homes December 217 TAX BURDEN TAKES TOLL ON New Home Sales during 217 Sales still post modest
More informationTRENDS SUMMARY. 1 st Quarter 2006
PT FAS In association with PT Paragon Property 1 st Quarter 26 Jakarta TRENDS SUMMARY Office: Retail: Apartment: Hotel: Gross rents continue to increase as existing vacant stock is taken up. New space
More informationDoha s Residential Market Market Performance, Trends and Affordability
White Paper Residential Market and Affordability Levels Doha November 2014 Doha s Residential Market Market Performance, Trends and Affordability Introduction Ian Albert Regional Director Middle East Colliers
More informationInternational developers driving land price appreciation
Q1 21 = 1 MARKETVIEW Phnom Penh, Q1 216 International developers driving land price appreciation Average High-end Condominium Price $3,195/SQM Prime Apartment Rent $21.9/SQM Prime Office Rent $22.7/SQM
More informationCaution: Vacancy Increases Ahead
MARKET REPORT DISTRICT OF COLUMBIA OFFICE Fourth Quarter 2016 Caution: Vacancy Increases Ahead Market Indicators Q4 2016 2017 (Projected) NET Despite year-to-date negative absorption, the Washington, DC
More informationSHANGHAI GRADE A OFFICE MARKET UPDATE Q3 2018
COLLIERS QUARTERLY Peng Jiang Senior Manager Research East China +86 21 6141 355 Peng.Jiang@colliers.com OFFICE SHANGHAI Q3 218 2 OCTOBER 218 SHANGHAI GRADE A OFFICE MARKET UPDATE Q3 218 Summary & Recommendations
More information>> New Construction Delivers to the Orange County Office Market
Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> New Construction Delivers to the Orange County Office Market Key Takeaways > Three new office developments were delivered to the
More informationReport Highlights. Residential Market Q Snapshot. Valuations Mortgage and Secured Lending Portfolio Valuations
OBSERVER Dubai Market Report Q3 / 218 Services Valuations Mortgage and Secured Lending Portfolio Valuations Advisory and Research Financial Feasibilities Highest and Best Use Studies Market Research Conceptual
More informationKey Market Indicators
Key Market Indicators Q3 Q3 Q3 2018 Total stock, million sq m 2.66 2.84 3.08 Class A 1.03 1.11 1.16 Class B 1.63 1.73 1.92 Completions, thousand sq m 8.4 48.9 24.5 Net absorption, thousand sq m 47.1 19
More informationOffice Market Continues to Improve
Research & Forecast Report LAS VEGAS OFFICE Q3 2016 Office Market Continues to Improve > > Southern Nevada s office market is improving at a steady rate > > Net absorption has been positive in twelve of
More information4.2% 2.3% 4.7% Unemployment rate Q Inflation H GDP Growth Q Retail Sales Q Average gross wage growth Q1 2017
City Report Q2 217 4.2% 2.3% 4.7% GDP Growth Q1 217 Inflation H1 217 Unemployment rate Q1 217 1,87 3.4% 1.7% Spending power, 215, Warsaw Agglomeration Retail Sales Q1 217 Average gross wage growth Q1 217
More informationIndustry Data Report
Industry Data Report 1H:18 Valuation & Finance Update Report Highlights (1) EBITDA multiple estimates (post G&A) for 45 chains based on survey data from 8 leading appraisal firms; (2) a comparison of public
More information>> Greater Los Angeles Retail Starts 2016 On a Positive Note
Research & Forecast Report GREATER LOS ANGELES RETAIL Accelerating success. >> Greater Los Angeles Retail Starts 2016 On a Positive Note Greater Los Angeles Retail Market The Los Angeles Basin retail market
More informationProposed Acquisition of an Indirect Interest in One Raffles Place. 10 June 2015
Proposed Acquisition of an Indirect Interest in One Raffles Place 10 June 2015 Disclaimer This presentation should be read in conjunction with the announcement on the proposed acquisition of an indirect
More informationBriefing Office and retail August 2017
Savills World Research Dalian Briefing Office and retail August 217 SUMMARY Image: Qingniwa Area, Zhongshan District The Grade A office market experienced declines across the board, with both rental and
More informationHISTORICAL VACANCY VS RENTS. Downtown Los Angeles Office Market Q Q RENTS VACANCY $31 2Q10 2Q11 2Q12 2Q13 2Q14
www.colliers.com/losangeles OFFICE LOS ANGELES MARKET REPORT Rate Decrease Below 20% As Market Activity Remains Flat MARKET OVERVIEW MARKET INDICATORS - VACANCY 19.5% The Downtown Los Angeles market in
More informationTime for Retail to Take Stock
Q1 2013 RETAIL LAS VEGAS NEVADA RESEARCH & FORECAST REPORT Time for Retail to Take Stock It is heartening to say, after five years of a bad economy, that the first quarter of 2013 s 119,649 square feet
More informationSmoothed Weighted National Housing Index (base = January 2008)
HOUSING INDEX November 2012 New Housing Supply Soften House Prices 200 180 160 140 120 100 80 Smoothed Weighted National Housing Index (base = January 2008) 164.1 143.0 60 40 Value Index Volume Index Data
More information