<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="-7.2766" data-lng="112.8036" data-map-catchment-data-value="{&quot;lat&quot;:&quot;-7.2766&quot;,&quot;lng&quot;:&quot;112.8036&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:1200000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;5 km Radius&quot;,&quot;description&quot;:&quot;Estimated primary trade area radius around the mall in Pakuwon City township, Surabaya&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;10-20 km Radius&quot;,&quot;description&quot;:&quot;Estimated secondary trade area extending to broader East Surabaya&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;1,200,000 People&quot;,&quot;description&quot;:&quot;Estimated total population within primary and secondary catchment, based on Surabaya&#39;s 2.9M urban population and township density&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.1&quot;,&quot;description&quot;:&quot;Aligned with Indonesia&#39;s national population growth rate for 2024&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;30 Years&quot;,&quot;description&quot;:&quot;Median age for Surabaya/Indonesia urban population&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;4 Persons&quot;,&quot;description&quot;:&quot;Average household size in urban Indonesia, particularly East Java&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Estimated percentage of population with tertiary education in Surabaya urban areas&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;6,500,000 IDR/month&quot;,&quot;description&quot;:&quot;Estimated median monthly household income for middle-class Surabaya residents&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Indonesia national unemployment rate, applicable to Surabaya region&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;40 Index (NY=100)&quot;,&quot;description&quot;:&quot;Cost of living index for Surabaya, lower than global averages&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;200 USD/year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per capita in Indonesia, based on national market size of USD 56B&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;82.65 USD/person&quot;,&quot;description&quot;:&quot;Annual per capita spending on apparel in Indonesia for 2025&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;380 USD/person/year&quot;,&quot;description&quot;:&quot;Estimated annual per capita grocery spending, derived from national food retail trends&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;150 USD/person/year&quot;,&quot;description&quot;:&quot;Estimated annual per capita electronics spending, based on Indonesia retail data&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;5,000,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated annual visitors for a mid-sized mall like Pakuwon City, similar to regional benchmarks&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;90 Minutes&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall, based on Indonesian mall studies&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Estimated percentage of visitors making a purchase, standard for urban malls&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;15,000,000 IDR/month&quot;,&quot;description&quot;:&quot;Estimated monthly sales per square meter, aligned with Surabaya mall performance&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;150 Stores&quot;,&quot;description&quot;:&quot;Estimated number of retail tenants based on 23,372 m² retail space&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;4 anchor tenants present, including major brands&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Medium Density&quot;,&quot;description&quot;:&quot;Moderate competition from nearby malls like Pakuwon Mall and Tunjungan Plaza&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Diversity&quot;,&quot;description&quot;:&quot;Diverse mix including fashion, dining, and services for family shoppers&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Includes unique experiential retail and entertainment zones&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;23,372 m²&quot;,&quot;description&quot;:&quot;Total retail floor area of the shopping mall&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;4 Levels&quot;,&quot;description&quot;:&quot;Four-storey mall design&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;750,000 IDR/month&quot;,&quot;description&quot;:&quot;Average monthly rent per square meter, comparable to Surabaya malls&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Low vacancy rate, reflecting high occupancy in Pakuwon properties&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Flexibility&quot;,&quot;description&quot;:&quot;Standard 3-5 year leases with some negotiation options&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;1,000 m²&quot;,&quot;description&quot;:&quot;Estimated currently available leasable space&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct Access&quot;,&quot;description&quot;:&quot;Direct access to major roads in Pakuwon City township&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Yes Access&quot;,&quot;description&quot;:&quot;Served by Trans Semanggi Suroboyo bus and local routes&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;800 Spaces&quot;,&quot;description&quot;:&quot;Estimated parking capacity for mall visitors&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High Traffic&quot;,&quot;description&quot;:&quot;High pedestrian access within integrated township&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Competition&quot;,&quot;description&quot;:&quot;Strong e-commerce growth in Indonesia at 15% CAGR&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;60.0&quot;,&quot;description&quot;:&quot;High adoption rate in urban malls for omnichannel retail&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;77.0&quot;,&quot;description&quot;:&quot;Indonesia internet penetration rate, high in urban Surabaya&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low Rate&quot;,&quot;description&quot;:&quot;Low crime incidence in secure mall environments&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Comprehensive Measures&quot;,&quot;description&quot;:&quot;Includes CCTV, guards, and Pakuwon safety protocols&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Multiple/year Events&quot;,&quot;description&quot;:&quot;Regular events like anniversary celebrations and seasonal promotions&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;40.0&quot;,&quot;description&quot;:&quot;Estimated participation in mall loyalty and Marriott Bonvoy programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Digital signage and apps for shopper engagement&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Expected annual growth in foot traffic post-expansion&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing Pipeline&quot;,&quot;description&quot;:&quot;Active recruitment for new brands and concepts&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Phase 3: 21,000 m² sqm&quot;,&quot;description&quot;:&quot;Ongoing expansion adding 21K sqm NLA, project value IDR 1.2T&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:2109,&quot;slug&quot;:&quot;kota-niaga-mall&quot;,&quot;name&quot;:&quot;Kota Niaga Mall&quot;,&quot;lat&quot;:&quot;-7.2505&quot;,&quot;lng&quot;:&quot;112.7701&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Kota Niaga Mall is a mid-sized shopping center located in the central district of Surabaya, Indonesia, spanning approximately 50,000 square meters of gross leasable area across three levels. Opened in the early 2000s, it serves as a community-oriented retail hub targeting local middle-income shoppers in a densely populated urban area. The tenant mix includes a balanced selection of everyday essentials with 40% allocated to fashion and apparel stores such as local brands and mid-tier international chains like H\u0026M and Uniqlo equivalents, 30% to food and beverage outlets featuring casual dining and quick-service options from Indonesian and Asian cuisines, 15% to electronics and household goods, and the remainder to services like banking and health clinics. Market position is solid within Surabayas competitive retail landscape, which boasts over 30 malls, but Kota Niaga distinguishes itself through affordable positioning amid market saturation. Occupancy stands at around 75% as of 2025, aligning with city-wide averages projected at 76%, supported by steady local footfall of approximately 5,000-7,000 visitors daily on weekdays, peaking to 15,000 on weekends. Rent levels are competitive at IDR 600,000-800,000 per square meter per year for ground floor spaces, offering value compared to premium malls like Pakuwon Mall where rates exceed IDR 1,200,000. Accessibility is favorable via major roads and public transport, though traffic congestion poses challenges during peak hours. Leasing advantages include flexible terms with incentives like rent-free periods of 3-6 months for new tenants and turnover-based escalations, aiding retailers in establishing presence in Surabayas vibrant economy driven by a young demographic with rising disposable incomes. However, drawbacks include aging infrastructure requiring maintenance and competition from larger, more modern venues drawing regional shoppers. Overall, it provides practical opportunities for retailers focusing on local trade rather than tourism-driven sales.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour, Cinema XXI, H\u0026M, Uniqlo&quot;,&quot;distance&quot;:4.7,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour, Cinema XXI, H\u0026M, Uniqlo&quot;}},{&quot;id&quot;:3347,&quot;slug&quot;:&quot;rg-mall-kenjeran&quot;,&quot;name&quot;:&quot;Rg Mall Kenjeran&quot;,&quot;lat&quot;:&quot;-7.2886&quot;,&quot;lng&quot;:&quot;112.7744&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;RG Mall Kenjeran is a neighborhood shopping center situated in the Kenjeran district of Surabaya, East Java, Indonesia, along Jalan Raya Kenjeran. Established around 2012, it features a gross leasable area (GLA) of approximately 40,000 square meters across three levels. The property targets local residents in eastern Surabaya, capitalizing on its proximity to dense residential neighborhoods and the tourist-attracting Kenjeran Beach. In the broader Surabaya retail landscape, RG Mall holds a secondary market position, with overall city occupancy at 92% as reported in Colliers H2 2024 Quarterly Property Market Report, though neighborhood centers like this one average 85%. Tenant mix comprises anchor stores such as a supermarket (similar to Indomaret or local hypermarket), mid-tier fashion retailers, electronics outlets, and over 50 F\u0026B tenants emphasizing Indonesian street food, cafes, and quick-service options. Rent levels range from IDR 250,000 to 450,000 per square meter annually, below prime mall averages of IDR 600,000, making it accessible for small-to-medium enterprises. Accessibility benefits from direct road connections via Jalan Raya Kenjeran and public transport routes, including buses and angkot, with on-site parking for about 400 vehicles; however, traffic congestion during evenings and weekends is common. Demographic profile includes middle-income households (IDR 5-12 million monthly) aged 25-50, with a focus on families and young adults; estimated footfall reaches 8,000-12,000 daily visitors, bolstered by local events. Leasing advantages encompass flexible space configurations (50-500 sqm units), turnover-based rent structures, and management-supported promotions to drive traffic. Drawbacks include competition from nearby larger venues like Galaxy Mall, which offers broader entertainment, and potential vulnerabilities to coastal weather impacting operations. Operational quality is functional, with air-conditioned spaces and basic amenities, but lacks high-end features like luxury cinemas found in flagship properties.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Transmart, Cinema XXI, Matahari Department Store&quot;,&quot;distance&quot;:3.49,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart, Cinema XXI, Matahari Department Store&quot;}},{&quot;id&quot;:1787,&quot;slug&quot;:&quot;world-trade-center-surabaya&quot;,&quot;name&quot;:&quot;World Trade Center Surabaya&quot;,&quot;lat&quot;:&quot;-7.292&quot;,&quot;lng&quot;:&quot;112.775&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;World Trade Center Surabaya (WTCS) is a six-storey retail property developed by Intiland Development in 1991, located at Jl. Pemuda 27-31 in central Surabaya, East Java, Indonesia. Spanning approximately 20,000 square meters of gross leasable area, it specializes in electronics and gadgets, hosting hundreds of tenants such as smartphone stores, laptop outlets, service centers, accessory shops, and mobile network operators. Additional facilities include a renovated food court with WiFi, minimart, community meeting spaces, and a large parking lot accommodating over 200 vehicles. The Surabaya retail market, per Colliers H2 2024 report, shows 72.5% average occupancy with prime rents at IDR 500,000-800,000 per square meter annually, projected to reach 76% occupancy in 2025 amid steady demand for niche malls. WTCS benefits from high footfall estimated at 5,000-7,000 daily visitors, driven by its proximity to Gubeng Train Station (0.5 km), hotels, and offices, targeting middle-class tech enthusiasts aged 18-35 in a city of 3 million residents with 60% urban workforce in services and manufacturing. Leasing advantages encompass targeted exposure for gadget retailers, flexible spaces from 20-100 sqm, and promotional events, but drawbacks include niche tenant mix limiting broad appeal, competition from larger venues like Ciputra World (GLA 150,000 sqm), and potential infrastructure aging requiring ongoing capex. Operational quality features 24-hour security and extended hours (10am-10pm), though access congestion during peak times and market saturation in CBD pose risks to performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Telkomsel, XL Axiata, Various Gadget Stores&quot;,&quot;distance&quot;:3.59,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Telkomsel, XL Axiata, Various Gadget Stores&quot;}},{&quot;id&quot;:3589,&quot;slug&quot;:&quot;galaxy-mall-1&quot;,&quot;name&quot;:&quot;Galaxy Mall&quot;,&quot;lat&quot;:&quot;-7.2758112&quot;,&quot;lng&quot;:&quot;112.7798278&quot;,&quot;property_type&quot;:&quot;Sub Regional&quot;,&quot;description&quot;:&quot;Galaxy Mall, situated at Jalan Dharmahusada Indah Timur No.35-37 in Surabaya&#39;s Mulyorejo district, comprises three interconnected phases opened in 1996, 2006, and 2019, spanning eight floors via a sky bridge for enhanced accessibility. As a key retail hub in East Java, it draws local middle-class families, students from nearby ITS campus, and tourists, positioning it as a convenient one-stop destination for contemporary lifestyle needs. Tenant mix features international anchors like H\u0026M, Uniqlo, Pull\u0026Bear, Stradivarius in fashion; lifestyle outlets such as two-floor KKV and Informa; supermarket 99 Ranch Market; entertainment via Galaxy XXI cinema; and F\u0026B including Burger King, balancing shopping, dining, and leisure. Market position reflects Surabaya&#39;s vibrant retail scene with occupancy around 76% in 2025, projected to grow 3% annually amid steady demand for high-traffic malls. Leasing advantages include prime visibility in a demographic-rich area (median income IDR 8 million, average age 35 emphasizing practical purchases), operational efficiency from well-managed facilities, and integration with planned monorail for future accessibility gains. Rent levels are competitive at approximately IDR 500,000-800,000 per sqm per year, per Colliers reports, offering value in a saturated market. Challenges encompass competition from superior venues like Pakuwon Indah Mall, potential aging in original structures, and traffic-related access issues impacting footfall during peaks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Shoprite&quot;,&quot;distance&quot;:2.62,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;8700&quot;,&quot;anchor_tenants&quot;:&quot;Shoprite&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:1454,&quot;slug&quot;:&quot;grand-city-surabaya&quot;,&quot;name&quot;:&quot;Grand City Surabaya&quot;,&quot;lat&quot;:&quot;-7.262218&quot;,&quot;lng&quot;:&quot;112.751589&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Grand City Surabaya is a prominent shopping center located in the central Gubeng district of Surabaya, Indonesia, spanning approximately 4.5 hectares across 8 floors with a total gross leasable area estimated at around 100,000 square meters. Opened in 2007, it positions itself as a one-stop shopping and MICE (Meetings, Incentives, Conferences, Exhibitions) destination, attracting urban shoppers and event attendees. The tenant mix is diverse, featuring anchor stores such as Hero Supermarket for groceries, The Grand Palace department store, international brands like Marks \u0026 Spencer for fashion, electronics retailer Best Denki, and entertainment options including Cinema XXI, The Premiere luxury cinema, Happup Karaoke, and Fun World arcade. Dining outlets cover local Indonesian cuisine, international fast food, and cafes, while retail includes apparel, accessories, beauty, and lifestyle brands. In the Surabaya retail market, which saw an occupancy rate of 72.5% in late 2024 rising to about 76% in 2025 per Colliers reports, Grand City benefits from high footfall due to its central location near Gubeng Train Station and major roads, drawing middle-class demographics aged 18-45 from the citys 3 million residents and surrounding areas. Leasing advantages include flexible space options from 50 to 1,000 square meters, competitive rents averaging IDR 600,000 to 900,000 per square meter per month based on location and category, and promotional support through events that boost visibility. However, challenges include competition from larger complexes like Tunjungan Plaza and Pakuwon Mall, potential infrastructure aging after nearly two decades, and market saturation with over 20 malls in Surabaya leading to selective consumer spending influenced by economic pressures on the middle class. Operational quality is solid with modern facilities, but occasional access issues during peak traffic and a focus on family-oriented categories may limit appeal to luxury segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Grand City Hypermarket, The Grand Palace Department Store, Marks \u0026 Spencer&quot;,&quot;distance&quot;:5.96,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;350&quot;,&quot;gla_sqm&quot;:&quot;80000&quot;,&quot;anchor_tenants&quot;:&quot;Grand City Hypermarket, The Grand Palace Department Store, Marks \u0026 Spencer&quot;}},{&quot;id&quot;:2599,&quot;slug&quot;:&quot;plaza-marina-1&quot;,&quot;name&quot;:&quot;Plaza Marina&quot;,&quot;lat&quot;:&quot;-7.315997&quot;,&quot;lng&quot;:&quot;112.748562&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Marina is a three-floor strata-titled neighborhood retail center located in Wonocolo district, South Surabaya, at Jl. Margorejo Indah No.97-99, completed in 1999 by PT Tridjaya Kartika. With an estimated gross leasable area of 15,000-20,000 sqm, it functions primarily as an IT and electronics hub, featuring over 100 stalls selling mobile phones, computers, laptops, accessories, and repair services. The ground floor includes a food court with local and fast-food options, while upper floors are dedicated to specialized vendors and service centers. Positioned adjacent to Puncak Marina condominium in an affluent residential area, it draws from local demographics including young professionals and families. In the broader Surabaya retail landscape, where Colliers reports an overall occupancy of 72.5% in H2 2024 amid no new supply, Plaza Marina achieves near-full occupancy due to its niche positioning, contrasting with higher vacancy in generalist malls. Leasing advantages encompass affordable rents for specialist tenants (IDR 250,000-400,000 per sqm per month), stable local footfall supported by proximity to apartments and offices, and low competition within the electronics category locally. Accessibility is facilitated by major roads like Margorejo Indah, though traffic congestion and limited public transport options pose challenges. Tenant mix is dominated by IT/electronics (approximately 80%), with 15% F\u0026B and 5% services, reflecting operational focus on utility over lifestyle. Potential drawbacks include aging infrastructure requiring maintenance, small parking capacity (around 200 spots), and exposure to e-commerce pressures eroding physical gadget sales, as Surabaya&#39;s retail market sees 3% annual occupancy growth projected to 2027 but saturation in 50+ centers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Various electronics and mobile shops&quot;,&quot;distance&quot;:7.49,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Various electronics and mobile shops&quot;}},{&quot;id&quot;:1453,&quot;slug&quot;:&quot;ciputra-world-surabaya&quot;,&quot;name&quot;:&quot;Ciputra World Surabaya&quot;,&quot;lat&quot;:&quot;-7.29298&quot;,&quot;lng&quot;:&quot;112.719382&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Ciputra World Surabaya is an upscale lifestyle mall in Dukuh Pakis district, Surabaya, integrated into a 9-hectare superblock with hotel, apartments, and offices. Opened in 2011 and expanded in 2021, it offers around 100,000 sqm GLA with over 250 tenants including first-to-market international brands like IKEA, Metro Department Store, fashion labels such as Salvatore Ferragamo and Longchamp, diverse F\u0026B outlets, cinemas, and kids entertainment. Located on Mayjen Sungkono Avenue in a prime CBD area, it enjoys strong accessibility from major highways and proximity to affluent neighborhoods. Surabaya retail market occupancy stood at 72.5% in H2 2024 per Colliers, expected to rise to 76% in 2025 with 3% annual growth through 2027, driven by lifestyle demand. Ciputra World positions as a high-end destination attracting middle-upper income groups, with advantages in flexible leasing (spaces from 50 sqm), rents averaging IDR 1,000,000/sqm/month, and superblock synergies enhancing footfall. Drawbacks include post-pandemic vacancies in some categories, competition from larger malls, and e-commerce pressures impacting traditional retail. Operational strengths feature 2,000 parking spaces, modern design by DP Architects, and high hygiene standards, though seasonal footfall fluctuations and infrastructure maintenance needs persist.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Metro, Uniqlo, Zara, XXI Cinema&quot;,&quot;distance&quot;:9.47,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;90000&quot;,&quot;anchor_tenants&quot;:&quot;Metro, Uniqlo, Zara, XXI Cinema&quot;}},{&quot;id&quot;:1476,&quot;slug&quot;:&quot;capital-mall-kertajaya&quot;,&quot;name&quot;:&quot;Capital Mall Kertajaya&quot;,&quot;lat&quot;:&quot;-7.276&quot;,&quot;lng&quot;:&quot;112.752&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Capital Mall Kertajaya, located in the Kertajaya area of West Surabaya, forms part of the Capital Square superblock development by PT Greenwood Sejahtera Tbk. This mixed-use project spans 13,890 square meters overall, with the retail plaza component offering approximately 8,498 square meters of leasable space. Opened as part of a phased development since 2014, it targets middle-to-high income demographics, including executives, professionals, and new entrepreneurs in the surrounding business districts. The property integrates retail spaces with adjacent apartments, offices, and lofts, fostering a self-contained community hub that enhances resident footfall. In Surabayas competitive retail landscape, where total retail space exceeds one million square meters across 100 hectares as of 2016, Capital Mall Kertajaya positions itself as a neighborhood-oriented destination rather than a regional draw. Its tenant mix emphasizes lifestyle retail, food and beverage outlets, and convenience stores, with potential anchors including supermarkets and casual dining to support daily needs. Market reports from Colliers indicate Surabaya retail occupancy at around 76 percent in 2025, projected to rise 3 percent annually through 2027, driven by demand in high-traffic mixed-use developments. Leasing advantages include flexible terms for emerging brands, proximity to affluent residential areas like Graha Famili, and integration with office spaces that guarantee captive audiences. However, challenges arise from intense competition with nearby established malls such as Golden City Mall (30,000 square meters, low-key with casual dining), Ciputra World (upscale lifestyle focus), and Pakuwon Indah (over 180,000 square meters, 1,000 plus tenants). Accessibility benefits from wide road networks and adjacency to major thoroughfares, though Surabayas traffic congestion, growing at 7-8 percent annually in vehicle numbers against minimal road expansion, poses risks to peak-hour visits. Operational quality appears modern, with concierge services and sky terrace amenities, but as a newer entrant, footfall metrics are developing, estimated lower than giants like Pakuwon Mall. Rent levels align with Surabaya averages of IDR 500,000 to 1,000,000 per square meter per year for prime spaces, with service charges adding 10-15 percent. Potential drawbacks include market saturation in the west Surabaya corridor and dependency on superblock synergies for sustained traffic, as standalone retail faces vacancy pressures in underperforming categories like non-food retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Hero Supermarket, Sogo Department Store, Uniqlo, H\u0026M, 99 Ranch Market&quot;,&quot;distance&quot;:5.69,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;140000&quot;,&quot;anchor_tenants&quot;:&quot;Hero Supermarket, Sogo Department Store, Uniqlo, H\u0026M, 99 Ranch Market&quot;}},{&quot;id&quot;:1784,&quot;slug&quot;:&quot;submarine-surabaya&quot;,&quot;name&quot;:&quot;Submarine Surabaya&quot;,&quot;lat&quot;:&quot;-7.31&quot;,&quot;lng&quot;:&quot;112.739&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Submarine Surabaya, situated at Jl. Pemuda No.29-31 in central Surabaya, Indonesia, spans 45,000 sqm across 4 levels and was established in 1977. It hosts 85 retail outlets with anchor tenants such as Matahari department store, ACE Hardware, and Hypermart, offering a mix of fashion, home goods, groceries, and dining options that attract families and locals. Positioned near the Submarine Monument, it benefits from tourist spillover while serving urban shoppers. In Surabayas retail landscape, featuring 76% average occupancy in 2025 and 3% annual growth forecast to 2027, this mall records 27.5% vacancy, reflecting challenges for older properties amid modern competition. Accessibility excels with direct road access, robust public transit, and 1,200 parking spots. The 5 km catchment includes 1.2 million residents, median age 30, household income 6.5 million IDR monthly, supporting apparel and grocery spending. Leasing perks encompass 500,000 IDR/sqm/month rents and 3-5 year terms, though drawbacks involve infrastructure updates and e-commerce rivalry. Annual visitors hit 4.5 million, dwell time 120 minutes, conversion 25%, sales 15 million IDR/sqm yearly.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Matahari, ACE Hardware, Hypermart&quot;,&quot;distance&quot;:8.03,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;85&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Matahari, ACE Hardware, Hypermart&quot;}},{&quot;id&quot;:4751,&quot;slug&quot;:&quot;city-of-tomorrow-mall&quot;,&quot;name&quot;:&quot;City Of Tomorrow Mall&quot;,&quot;lat&quot;:&quot;-7.3664&quot;,&quot;lng&quot;:&quot;112.7506&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;City of Tomorrow Mall, located at Jl. Ahmad Yani No. 288 in Gayungan, Dukuh Menanggal, Surabaya, East Java, spans 111,633 square meters across four floors and accommodates up to 1,300 retail units. Positioned near Juanda International Airport and accessible via toll roads, it serves as a convenient hub for travelers and local residents in the eastern suburbs. The tenant mix includes anchor stores like Matahari Department Store and Hypermart, alongside diverse retail options from international and local brands, a food court, restaurants, Cinépolis cinema, and a children\&quot;s play area, fostering a family-oriented environment. Recent revitalization efforts have enhanced its appeal, introducing modern facilities and improved aesthetics. In Surabaya\&quot;s competitive retail landscape, with city-wide occupancy at 72.5% in late 2024 projected to reach 76% in 2025 per Colliers reports, this mall benefits from steady demand in high-traffic suburban locations. Leasing advantages include strategic proximity to the airport for transient footfall, supportive leasing teams from Lippo Malls, and potential for growth in categories like F\u0026B and everyday essentials amid a growing middle-class demographic. However, challenges arise from peripheral positioning, potentially limiting daily visitor volumes compared to central malls, and market saturation in fashion retail. Operational quality appears solid with extended hours from 10 AM to 10 PM, though aging infrastructure in some areas may require attention. Overall, it offers balanced opportunities for retailers targeting families and commuters, with risks tied to economic fluctuations and competition from nearby developments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Matahari, Hypermart, Studio 21, Pacific Book Store, Timezone&quot;,&quot;distance&quot;:11.57,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;47618&quot;,&quot;anchor_tenants&quot;:&quot;Matahari, Hypermart, Studio 21, Pacific Book Store, Timezone&quot;}},{&quot;id&quot;:2638,&quot;slug&quot;:&quot;surabaya-town-square&quot;,&quot;name&quot;:&quot;Surabaya Town Square&quot;,&quot;lat&quot;:&quot;-7.29&quot;,&quot;lng&quot;:&quot;112.72472&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Surabaya Town Square, situated at Jl. Hayam Wuruk No. 6 in the Wonokromo district of Surabaya, East Java, operates as a four-floor mid-tier retail center completed in 2008 by PT. Graha Megaria Raya. It functions primarily as a lifestyle, entertainment, and hangout destination targeting middle-class families and young adults in the residential surroundings, rather than a high-volume shopping venue. The tenant mix comprises approximately 150 outlets focused on food and beverage (around 40%), casual fashion and accessories (30%), and entertainment facilities including cinemas and play areas, with notable anchors like Trans Studio Mall integration for amusement and brands such as A\u0026W, Bread Talk, Baskin Robbins, and local retailers. Accessibility benefits from its position on a major arterial road, with proximity to public transport routes, ample parking for over 1,000 vehicles, and connections to the citys toll roads, though traffic congestion during peak hours presents minor challenges. In the Surabaya retail landscape, where overall occupancy reached 72.5% in H2 2024 per Colliers International reports, the property holds a stable market position among community malls, supported by a demographic of 2.92 million residents citywide with a minimum wage of IDR 4.96 million monthly. Leasing opportunities offer competitive terms with estimated rents of IDR 300,000 to 450,000 per sqm per year for mid-tier spaces, lower than premium centers IDR 500,000+, enabling cost-effective entry for emerging brands. Advantages include vibrant F\u0026B scene driving repeat visits and event programming to enhance footfall, estimated at 5,000-7,000 daily visitors based on similar properties. Drawbacks encompass competition from upscale rivals like Tunjungan Plaza (97% occupancy) and potential saturation in dining categories, alongside risks from economic fluctuations impacting discretionary spending in a market projected to grow occupancy by 3% annually through 2027.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Foodmart, De Mata Trick Eye Museum, Various F\u0026B Outlets&quot;,&quot;distance&quot;:8.83,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Foodmart, De Mata Trick Eye Museum, Various F\u0026B Outlets&quot;}},{&quot;id&quot;:4058,&quot;slug&quot;:&quot;wtc-surabaya&quot;,&quot;name&quot;:&quot;Wtc Surabaya&quot;,&quot;lat&quot;:&quot;-7.2643&quot;,&quot;lng&quot;:&quot;112.7474&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;WTC Surabaya, located at Jl. Pemuda No. 27-31, Embong Kaliasin, Genteng, Surabaya, Jawa Timur, is a specialized retail center focused on electronics and gadgets, spanning six floors following a 2016 expansion with an investment of Rp100 billion. It serves as a primary destination for purchasing smartphones, laptops, cameras, accessories, and repair services, with opportunities for buying, selling, or trading devices. The tenant mix is dominated by electronics retailers, service counters for major brands, and a food court on the upper level offering diverse dining options. Positioned in the heart of Surabaya&#39;s central business district, it benefits from high accessibility via public transport, proximity to train stations, hotels, hospitals, and landmarks like Siola Museum and Masjid Cheng Ho. Surabaya&#39;s retail market shows an occupancy rate of 72.5% in H2 2024, with projections for 3% annual growth to 76% by 2025, driven by urban consumer demand. Footfall is strong among tech enthusiasts, supported by the city&#39;s population of over 3 million and growing middle class. Leasing advantages include targeted exposure to gadget buyers, competitive positioning in a niche market, and central location enhancing visibility. However, challenges include reliance on fluctuating electronics demand, online retail competition, and potential saturation in the gadget sector. Rent levels in Surabaya malls average IDR 500,000-800,000 per sqm per year, with incentives for new tenants amid market recovery. Operational quality is maintained with full air-conditioning and spacious walkways, though aging infrastructure from pre-expansion phases may require attention.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;PT Intiland Development Tbk&quot;,&quot;distance&quot;:6.35,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;6&quot;,&quot;anchor_tenants&quot;:&quot;PT Intiland Development Tbk&quot;}},{&quot;id&quot;:4431,&quot;slug&quot;:&quot;grand-city-convex&quot;,&quot;name&quot;:&quot;Grand City Convex&quot;,&quot;lat&quot;:&quot;-7.262218&quot;,&quot;lng&quot;:&quot;112.751589&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Grand City Convex is a shopping mall located at Jl. Walikota Mustajab No.1 in Surabaya, Indonesia, with a gross leasable area of 80,000 square meters across five levels and 250 retail stores. Built in 2012 and owned by PT Grand City Surabaya, it serves a primary catchment of Surabaya City and secondary of Gerbangkertosusila Metro Area, targeting a population of 3 million with median household income of 20 million IDR monthly. The tenant mix emphasizes diversity, featuring anchors like Marks \u0026 Spencer, The Grand Palace Department Store, and XXI Cinema; visitor motivations include 40 percent for shopping, 35 percent for dining, and 25 percent for home decor, with opportunities for family amenities, international cuisine, and sustainable fashion. Occupancy stands at 95 percent with 5,000 square meters available, supported by annual footfall of 10 million visitors and average dwell time of 60 minutes. Rent averages 500,000 IDR per square meter monthly, with sales at 10 million IDR per square meter. Market position benefits from high pedestrian traffic and promotional events, but faces challenges from high e-commerce penetration at 70 percent and medium competitor density in the area. Leasing advantages include flexible terms, new tenant pipeline, and planned expansion, though drawbacks involve potential saturation in fashion categories and need for enhanced digital integration to counter online competition.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Marks \u0026 Spencer, The Grand Palace Department Store, XXI Cinema&quot;,&quot;distance&quot;:5.96,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Marks \u0026 Spencer, The Grand Palace Department Store, XXI Cinema&quot;}},{&quot;id&quot;:1729,&quot;slug&quot;:&quot;plaza-marina&quot;,&quot;name&quot;:&quot;Plaza Marina&quot;,&quot;lat&quot;:&quot;-7.3158684&quot;,&quot;lng&quot;:&quot;112.7493466&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Plaza Marina is a three-floor strata-titled neighborhood retail center located in Wonocolo district, South Surabaya, at Jl. Margorejo Indah No.97-99, completed in 1999 by PT Tridjaya Kartika. With an estimated gross leasable area of 15,000-20,000 sqm, it functions primarily as an IT and electronics hub, featuring over 100 stalls selling mobile phones, computers, laptops, accessories, and repair services. The ground floor includes a food court with local and fast-food options, while upper floors are dedicated to specialized vendors and service centers. Positioned adjacent to Puncak Marina condominium in an affluent residential area, it draws from local demographics including young professionals and families. In the broader Surabaya retail landscape, where Colliers reports an overall occupancy of 72.5% in H2 2024 amid no new supply, Plaza Marina achieves near-full occupancy due to its niche positioning, contrasting with higher vacancy in generalist malls. Leasing advantages encompass affordable rents for specialist tenants (IDR 250,000-400,000 per sqm per month), stable local footfall supported by proximity to apartments and offices, and low competition within the electronics category locally. Accessibility is facilitated by major roads like Margorejo Indah, though traffic congestion and limited public transport options pose challenges. Tenant mix is dominated by IT/electronics (approximately 80%), with 15% F\u0026B and 5% services, reflecting operational focus on utility over lifestyle. Potential drawbacks include aging infrastructure requiring maintenance, small parking capacity (around 200 spots), and exposure to e-commerce pressures eroding physical gadget sales, as Surabaya&#39;s retail market sees 3% annual occupancy growth projected to 2027 but saturation in 50+ centers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Liverpool, Coppel, Local Retailers&quot;,&quot;distance&quot;:7.41,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Liverpool, Coppel, Local Retailers&quot;}},{&quot;id&quot;:1452,&quot;slug&quot;:&quot;tunjungan-plaza&quot;,&quot;name&quot;:&quot;Tunjungan Plaza&quot;,&quot;lat&quot;:&quot;-7.26278&quot;,&quot;lng&quot;:&quot;112.73917&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Tunjungan Plaza represents a cornerstone of Surabayas retail landscape as the second-largest shopping center in Indonesia, located in the central business district at Jalan Basuki Rahmat 8-12. Developed by Pakuwon Jati since 1986 with six phases of expansion totaling approximately 148,000 square meters of net leasable area and over 1,000 tenants, it forms part of the integrated Tunjungan City Superblock including offices, hotels, and residences. The tenant mix is diverse and balanced, featuring anchor retailers such as Hero Supermarket, Matahari Department Store, Sogo Department Store, Gramedia bookstore, Ace Hardware, and international brands like Zara, H\u0026M, Uniqlo, Marks \u0026 Spencer, alongside entertainment venues including XXI Cinema with IMAX, varied F\u0026B options, and lifestyle stores. Annual footfall exceeds 26 million visitors, driven by a primary catchment of 2.5 million people, predominantly young adults aged 18-35 from the middle class with median household income of 8 million IDR monthly. Occupancy reached 97% in 2025, above the city average of 76%, with sales per square meter at 50 million IDR annually. Leasing advantages encompass strategic CBD positioning for high visibility and traffic, flexible 3-5 year terms, rent-free incentives for key tenants, and event-driven engagement enhancing dwell time to 2.5 hours and 25% conversion rates. However, potential drawbacks include competition from Pakuwon Mall and Ciputra World, traffic congestion impacting access, aging infrastructure in early phases, and e-commerce competition amid 78% internet penetration.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Hero Supermarket, Matahari, Sogo, Cinema XXI, ACE Hardware, Informa, Uniqlo, H\u0026M&quot;,&quot;distance&quot;:7.27,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;800&quot;,&quot;gla_sqm&quot;:&quot;170000&quot;,&quot;anchor_tenants&quot;:&quot;Hero Supermarket, Matahari, Sogo, Cinema XXI, ACE Hardware, Informa, Uniqlo, H\u0026M&quot;}},{&quot;id&quot;:1451,&quot;slug&quot;:&quot;pakuwon-mall&quot;,&quot;name&quot;:&quot;Pakuwon Mall&quot;,&quot;lat&quot;:&quot;-7.289583&quot;,&quot;lng&quot;:&quot;112.675111&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Pakuwon Mall, located in the western CBD of Surabaya, East Java, Indonesia, stands as the largest shopping center in the country with a net leasable area of approximately 200,000 square meters across six floors. Developed by Pakuwon Jati within the 30-hectare Pakuwon Indah superblock, it integrates retail spaces with hotels like The Westin and Four Points by Sheraton, residential towers, and the connected Pakuwon Trade Center office complex. The mall hosts over 1,000 tenants, including more than 300 stores and 22 anchor tenants, featuring a diverse tenant mix encompassing fashion brands such as H\u0026Ms first Surabaya outlet, extensive food and beverage options, multiplex cinemas, activity centers, and the citys largest atriums and convention facilities capable of hosting international exhibitions, weddings, and events. Accessibility is enhanced by proximity to major roads like Mayjen Jono Sewojo and public transit via Trans Semanggi Suroboyo at Halte PTC, with parking for 5,000 vehicles. In Surabayas retail market, characterized by middle-class demographics and vibrant shopping culture, Pakuwon Mall benefits from high-traffic positioning but faces competition from established centers like Tunjungan Plaza. Occupancy exceeds the city average of 76 percent, supported by steady leasing growth of 10-15 percent annually driven by higher average rents and tenant demand for lifestyle offerings. However, broader market challenges include potential saturation in prime locations and the need for ongoing revitalization to maintain appeal amid economic fluctuations. Leasing opportunities here offer strong visibility and footfall potential due to the integrated development, though retailers should consider traffic congestion and regional economic dependencies.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;H\u0026M, Uniqlo, Sogo, Lotte Mart, Gramedia, Ace Hardware, Celebrity Fitness&quot;,&quot;distance&quot;:14.25,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;180000&quot;,&quot;anchor_tenants&quot;:&quot;H\u0026M, Uniqlo, Sogo, Lotte Mart, Gramedia, Ace Hardware, Celebrity Fitness&quot;}},{&quot;id&quot;:1770,&quot;slug&quot;:&quot;galaxy-mall&quot;,&quot;name&quot;:&quot;Galaxy Mall&quot;,&quot;lat&quot;:&quot;-7.276&quot;,&quot;lng&quot;:&quot;112.729&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Galaxy Mall, situated at Jalan Dharmahusada Indah Timur No.35-37 in Surabaya&#39;s Mulyorejo district, comprises three interconnected phases opened in 1996, 2006, and 2019, spanning eight floors via a sky bridge for enhanced accessibility. As a key retail hub in East Java, it draws local middle-class families, students from nearby ITS campus, and tourists, positioning it as a convenient one-stop destination for contemporary lifestyle needs. Tenant mix features international anchors like H\u0026M, Uniqlo, Pull\u0026Bear, Stradivarius in fashion; lifestyle outlets such as two-floor KKV and Informa; supermarket 99 Ranch Market; entertainment via Galaxy XXI cinema; and F\u0026B including Burger King, balancing shopping, dining, and leisure. Market position reflects Surabaya&#39;s vibrant retail scene with occupancy around 76% in 2025, projected to grow 3% annually amid steady demand for high-traffic malls. Leasing advantages include prime visibility in a demographic-rich area (median income IDR 8 million, average age 35 emphasizing practical purchases), operational efficiency from well-managed facilities, and integration with planned monorail for future accessibility gains. Rent levels are competitive at approximately IDR 500,000-800,000 per sqm per year, per Colliers reports, offering value in a saturated market. Challenges encompass competition from superior venues like Pakuwon Indah Mall, potential aging in original structures, and traffic-related access issues impacting footfall during peaks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Sogo, Centro, Ranch Market, Ace Hardware, XXI Cinema, Celebrity Fitness&quot;,&quot;distance&quot;:8.23,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;142000&quot;,&quot;anchor_tenants&quot;:&quot;Sogo, Centro, Ranch Market, Ace Hardware, XXI Cinema, Celebrity Fitness&quot;}},{&quot;id&quot;:1785,&quot;slug&quot;:&quot;bg-junction&quot;,&quot;name&quot;:&quot;Bg Junction&quot;,&quot;lat&quot;:&quot;-7.2528&quot;,&quot;lng&quot;:&quot;112.7333&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;BG Junction is a mid-tier shopping center located at Jl. Bubutan No.1-7 in central Surabaya, East Java, Indonesia, spanning 152,000 square meters across six retail floors and nine parking levels on a 2.7-hectare site. Rebuilt in 2006 following a fire that damaged its predecessor, Wijaya Plaza, it serves as a family-oriented destination with convenient access near Surabaya Pasar Turi Station, less than 2 km away, and connectivity to the adjacent Choice City Hotel via elevator. The tenant mix emphasizes affordable local and mid-range brands, including fashion outlets like 3Second and Karita for Islamic wear, Cahaya Department Store as an anchor, childrens items at Barangbayi.id, home goods such as Amber Moon candles, and a diverse food and beverage scene with local eateries like Sego Njamoer, Angonjiwo coffee, and a 1990s-themed food court featuring Mama Ayam Goreng and Tahu Campur Kapasari. Entertainment options include CGV cinema, Funworld arcade and bowling, billiards, a gym, and massage services, alongside practical amenities like visa assistance, drivers license renewal, and a mosque on the parking floor. In Surabayas vibrant retail market, characterized by steady demand for lifestyle-driven spaces amid no new supply, BG Junction holds a solid position as an accessible, value-focused venue attracting middle-income families, young professionals, and travelers. Leasing advantages include flexible terms for emerging brands, proximity to transport hubs enhancing footfall, and opportunities in underutilized categories like health and administrative services, though overall occupancy aligns with the citys 76% average for 2025. Potential drawbacks involve competition from upscale malls and infrastructure maintenance needs after nearly two decades of operation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Ramayana Department Store, Cahaya Department Store, Cinema XXI&quot;,&quot;distance&quot;:8.19,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;100000&quot;,&quot;anchor_tenants&quot;:&quot;Ramayana Department Store, Cahaya Department Store, Cinema XXI&quot;}}],&quot;outside&quot;:[{&quot;id&quot;:2662,&quot;slug&quot;:&quot;grand-pakuwon&quot;,&quot;name&quot;:&quot;Grand Pakuwon&quot;,&quot;lat&quot;:&quot;-7.25261&quot;,&quot;lng&quot;:&quot;112.65966&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Grand Pakuwon is a mixed-use township in West Surabaya, developed by PT Pakuwon Jati Tbk, encompassing residential clusters, a commercial hub, educational facilities, and recreational amenities. The commercial component features Food Junction, an open-air food and beverage destination completed in recent years, along with extensions providing dining options for residents and visitors. Spanning approximately 100 hectares, the township targets suburban middle-income families, offering integrated living with easy access to daily needs. Located in Tandes district, it benefits from a dedicated six-lane flyover completed in 2014, enhancing connectivity to central Surabaya (30 minutes away) and major toll roads, reducing traffic congestion issues common in the area. The retail area is smaller-scale compared to flagship malls like Pakuwon Mall, focusing on F\u0026B tenants such as local eateries and casual dining outlets, with potential for additional small retail spaces. Market position: Emerging as a neighborhood hub in a growing west Surabaya corridor, supported by population influx and urban expansion. Surabaya&#39;s overall retail occupancy stands at 76% in 2025, with Pakuwon Jati reporting 15% growth in retail leasing due to rising occupancy and rental revenues. Leasing advantages include lower rent levels (estimated IDR 300,000-500,000 per sqm annually for F\u0026B spaces, below city averages), captive audience from over 5,000 residential units, and flexible lease terms for emerging brands. Tenant mix emphasizes lifestyle and convenience, with 70% F\u0026B, 20% services, and 10% retail, fostering steady footfall of 5,000-10,000 daily from locals. However, challenges include limited anchor tenants, reliance on residential traffic amid broader market saturation in casual dining, and competition from nearby established malls like Grand City Surabaya (2 km away) drawing higher-spending shoppers. Operational quality is solid, with modern infrastructure, but aging access roads outside the flyover pose risks during peak hours. Demographic profile: Primarily families aged 25-45, income IDR 10-20 million monthly, attracted by affordable housing and proximity to industrial zones. Overall, it suits retailers targeting everyday consumers in a stable, growing suburb, though expansion potential is constrained by the township&#39;s focus on residential integration.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Surabaya&quot;},&quot;anchor_tenants&quot;:&quot;Local F\u0026B chains, supermarkets&quot;,&quot;distance&quot;:16.1,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;1000&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Local F\u0026B chains, supermarkets&quot;}}]}" data-map-update-url-value="/malls/pakuwon-city-mall" id="mall-map-wrapper"><div data-city="Surabaya" data-current-mall="true" data-id="pakuwon-city-mall" data-lat="-7.2766" data-lng="112.8036" data-map-target="mall" data-name="Pakuwon City Mall" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5 km Radius</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">10-20 km Radius</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">1,200,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.1</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">6,500,000 IDR/month</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">40 Index (NY=100)</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">200 USD/year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">82.65 USD/person</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">380 USD/person/year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">150 USD/person/year</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5,000,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">90 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">15,000,000 IDR/month</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">150 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">Medium Density</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Diversity</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">23,372 m²</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">4 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">750,000 IDR/month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Direct Access</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Yes Access</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">800 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High Traffic</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High Competition</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">60.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">77.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Low Rate</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Comprehensive Measures</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Multiple/year Events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">40.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing Pipeline</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Phase 3: 21,000 m² sqm</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>