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View all search resultsTOD push lifts retail prospects along Jakarta's MRT corridors
A continued push for transit-oriented development (TOD) is reshaping Jakarta’s property landscape, helping retail outlets along MRT corridors and producing new growth hot spots.
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Passengers wait for the arrival of an MRT train on Sept. 4 at Blok M Station, South Jakarta. PT MRT Jakarta recorded around 4.4 million passengers using its services in July 2025, up from 3.8 million in June 2025, driven by factors such as integration with other transport modes and nearby buildings, feeder transit partners and lifestyle and tourism programs. (Antara/Muhammad Rizky Febriansyah)
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continued push for transit-oriented development (TOD) is reshaping Jakarta’s property landscape, helping retail outlets along MRT lines and producing new growth hot spots.
“Retail occupancy along the MRT corridors has increased by an average of 1.4 percent per year after the pandemic, and outlets near MRT stations perform around 10 percent better than non-MRT locations,” Cushman & Wakefield Indonesia strategic consulting director Arief Raharjo said during a year-end property outlook briefing on Wednesday.
The total supply of retail space in the capital reached some 4.9 million square meters in 2025, supported by new mall openings and renovations across the city, with an additional 61,000 sq m of retail space expected to enter the market in 2026.
While the extra supply may put some pressure on overall occupancy, base rents are projected to remain relatively stable, as food and beverage (F&B) tenants continue to anchor demand.
Arief said MRT Phase 1 had served as a catalyst for retail activity along the north-south corridor, while the planned Phase 2A extension toward Kota Tua was expected to unlock new retail hotspots.
Areas like Mangga Besar, Glodok and Mangga Dua were likely beneficiaries, given their established identities as culinary, heritage and value-retail destinations.
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