Summarecon Mall Kelapa Gading Photo Gallery

Kelapa Gading district features a demographic profile of middle to upper-middle income residents, including professionals and families, with an estimated catchment area population exceeding 2 million in North Jakarta. The area supports high retail spending due to its status as a commercial hub. Annual footfall reached 32 million visitors in fiscal year 2024, indicating recovery and growth post-pandemic, with daily averages supporting consistent traffic. This footfall metric underscores the mall's appeal in a densely populated urban setting, though seasonal variations and economic pressures could impact sustained levels.

Occupancy stands at 91 percent as of 2024, above the Jakarta average of 74.7 percent, reflecting strong demand in premium segments where rates for Grade-A malls hover around 92 percent. Base rent levels are Rp 325,000 per square meter per month, with turnover components at Rp 111,000, yielding effective rents competitive in the Greater Jakarta market. These metrics indicate financial stability for landlords, but potential upward pressure on vacancies from economic slowdowns or e-commerce shifts remains a consideration for long-term lease commitments.

North Jakarta's retail landscape includes competitors such as Kelapa Gading Mall, La Piazza, and Mall of Indonesia, contributing to intense rivalry in fashion, F&B, and entertainment categories. Market saturation in the region, with new developments adding supply, has led to selective tenant placements and occasional promotional pressures. Additional risks involve access issues from heavy traffic on surrounding roads and aging infrastructure in older mall sections, potentially affecting operational quality. Despite these, the mall's established position and diverse mix provide resilience against broader market challenges like inflation and shifting consumer preferences toward experiential retail.