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Gandaria City is a prominent mixed-use development in South Jakarta, Indonesia, established in August 2010, featuring a retail mall with 93,840 square meters of gross leasable area across five floors, alongside office towers, apartments, and a five-star hotel. Positioned in the Kebayoran Lama neighborhood along Jl. Sultan Iskandar Muda, it serves as a key lifestyle destination in an emerging commercial hub near the CBD, attracting a catchment population of 2.3 million within a 5-10 km radius.
The tenant mix is diverse and balanced, with fashion and accessories comprising 35% of space (brands like Uniqlo, H&M, Mango, Adidas, Furla, Sephora), F&B at 25% (over 100 outlets including international and local cuisines in the Main Street dining lane), and essentials plus entertainment at 40% (anchors such as Lotte Mart supermarket, Metro department store, Ace Hardware, Cinema XXI with IMAX, Gramedia bookstore, Toys Kingdom, and fitness centers).
This composition supports over 500 specialty shops and 12 anchor tenants, fostering a vibrant ecosystem for shopping, dining, leisure, and arts, highlighted by an extensive world-class art collection displayed throughout the property. Occupancy stands at 88-92% as of Q3 2025, with only 2% vacancy and 1,877 square meters available, reflecting strong demand in Jakartas premium retail segment amid city-wide rates around 77%.
Average daily footfall ranges from 15,000 to 20,000 visitors, equating to approximately 12 million annually, with dwell times of 120 minutes and a 25% conversion rate, driven by middle to upper-middle class demographics including young professionals, families, and expatriates with median household incomes of 8.5 million IDR per month and per capita retail spending of 2.5 million IDR yearly.
Leasing advantages include high sales potential of 15,000 USD per square meter per year, integration with residential and office components for consistent traffic, 3,000 parking spaces, good accessibility via major roads like TB Simatupang and public transport, high security, digital signage, and loyalty programs with 40% penetration. However, challenges encompass intense local competition, e-commerce pressures with 60% click-and-collect adoption, potential saturation in categories like electronics, and operational strains from traffic congestion and aging infrastructure after 15 years.
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Hours of Operation
Hours
| Monday | 10:00 AM — 10:00 PM |
| Tuesday | 10:00 AM — 10:00 PM |
| Wednesday | 10:00 AM — 10:00 PM |
| Thursday | 10:00 AM — 10:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 10:00 AM — 10:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Footfall
Gandaria City draws from a affluent South Jakarta catchment of 2.3 million residents within 5-10 km, primarily middle to upper-middle class young professionals, families, and expatriates, with median household income at 8.5 million IDR monthly and annual per capita retail spend of 2.5 million IDR. Daily footfall averages 15,000-20,000 visitors, peaking on weekends and holidays, supported by integrated mixed-use elements like offices and apartments that generate steady pedestrian traffic. Dwell time is 120 minutes with 25% conversion, projecting 5% yearly growth, though e-commerce competition and urban congestion may temper absolute increases in a saturated premium market.
Competition and Market Saturation
South Jakarta premium retail faces high competition from nearby malls like Pondok Indah Mall (140,000 sqm GLA) and Senayan City, which together capture 60% of high-end spending within 5-10 km, alongside broader e-commerce threats and 60% click-and-collect usage. Category saturation is evident in electronics and similar weak segments, pressuring market share and necessitating strong promotions. Overall Jakarta occupancy at 77% indicates resilience, but Gandaria Citys 88-92% rate provides stability via diverse anchors, though rivals scale and location advantages pose risks to new entrants sales capture in a mature corridor.
Lease Terms and Operational Quality
Average rents are 500,000 IDR per square meter monthly, with comparable terms at 1.2-1.8 million IDR per sqm annually plus 10-15% turnover rent, over 3-5 year leases including incentives like rent-free periods for prime spots. Operational strengths include 3,000 parking bays, proximity to TB Simatupang road, public transport links, comprehensive facilities (prayer rooms, nurseries, valet), and high security, but challenges arise from 15-year-old infrastructure potentially needing upgrades and traffic-related logistics costs. Available space of 1,877 sqm suits mid-sized retailers, with ongoing new tenant pipeline and Phase 2 expansion plans enhancing long-term viability despite rising operational expenses.
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Jakarta
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