Grand Metropolitan Bekasi Photo Gallery

Bekasi hosts a population exceeding 2.5 million, with 60 percent under 35 years old and a median age of 30.4, fostering demand for family and youth-oriented retail. Median household income stands at IDR 6,500,000 monthly, with average spending of USD 84 per capita on apparel, USD 450 on groceries, and USD 120 on electronics annually. The primary catchment of 300,000 within 5 km and secondary of 1.2 million within 20 km exhibit 2.1 percent growth, 3.8 person household size, 15 percent tertiary education, and 5.3 percent unemployment. This profile supports the malls entertainment and lifestyle focus, though reliance on commuting workers ties performance to greater Jakarta economic fluctuations and cost-of-living index of 115.

The property competes with Summarecon Mall Bekasi, offering similar 80,000 square meters but stronger anchors, and Metro Mall Bekasi, amid 10 plus malls in the area and a density of 3 per 100,000 residents. Regional vacancy is 15 percent, with F&B oversupply and e-commerce capturing 20 percent of retail share, including 40 percent click-and-collect adoption that pressures physical footfall. Differentiation lies in mid-market family entertainment, but saturation in weak categories and proximity to larger Jakarta centers like Grand Indonesia pose risks to sales per square meter, currently at IDR 50,000,000 annually, with 25 percent conversion rate challenged by online alternatives and 85 percent internet penetration.

Base rents range from IDR 300,000 to 500,000 per square meter annually, competitive against Jakarta CBDs IDR 800,000 plus, with average monthly effective rent at IDR 800,000 including CAM fees of IDR 50,000 per square meter. Terms span 3-5 years with 5-7 percent annual escalations and optional 5-10 percent turnover rent for flexibility. Operational quality includes modern infrastructure with energy-efficient designs cutting costs by 10 percent, full CCTV coverage, low crime rates, and weekly events boosting 30 percent loyalty program penetration. However, occasional aging escalators and humid climate utilities increase expenses, while high occupancy of 85-90 percent signals demand but intensifies competition for prime anchor-adjacent spaces in this 2013-built property.