October 1, 2025 | 05:05 pm
TEMPO.CO, Jakarta - Colliers Indonesia has stated that the office market in Jakarta is facing a supply constraint, particularly in the Central Business District (CBD). Since the end of 2023, Colliers Indonesia has noted that no new office buildings have entered the CBD market.
Head of Research Department at Colliers Indonesia, Ferry Salanto, estimated that this situation would continue until 2027 and that new supply would only be available in 2028. "Since the end of 2023, until 2027, the supply in the CBD has been very limited, even non-existent. Only around 2028 will there be a new supply," he said in a virtual presentation on Wednesday, October 1, 2025.
According to Ferry, developers are still hesitant to launch new projects in the CBD. They are waiting for the demand to recover first before deciding to build new office buildings. "We can see that developers are still holding back and continually monitoring demand growth," he said.
For the period from 2024 to 2027, an additional supply of new office projects only emerged outside the CBD. From early 2025 until the third quarter, Ferry stated that the new supply is estimated to be around 125,000 square meters, all of which are outside the CBD.
"The total supply in Jakarta is around 11.4 million square meters," said Ferry. Out of this total, more than 2 million square meters are still unoccupied.
In terms of occupancy, Ferry mentioned that the office occupancy rate in the CBD reached 75.3 percent in the third quarter of 2025. Meanwhile, outside the CBD, it is 69.3 percent for the same period.
When viewed based on building classes in the CBD, the largest vacancy rate, 48.9 percent, is recorded in Class A office buildings, most of which are located in the CBD. This is followed by class B buildings at 25.9 percent, class C at 17.4 percent, and premium at 7.9 percent.
Ferry added that the preferences of office building tenants have also changed. He indicated that tenants still prioritize buildings or offices connected to public transportation. "This is still an attraction for potential tenants."
Editor's Choice: Statistics Indonesia Reports August Trade Balance Surplus at US$5.49 Billion
Click here to get the latest news updates from Tempo on Google News
Jakarta Police Explain Prolonged Detention of Activists over August Protests
23 jam lalu
Jakarta Metro Police have held activist Delpedro Marhaen and others for almost a month on allegations of inciting August 2025 demonstrations.
Jakarta Police Seize Over One Ton of Drugs Worth $70 Million
23 jam lalu
Jakarta Police seized 1.14 tons of narcotics between July and September 2025 and arrested thousands of suspects.
Domestic Sector Main Contributor to Jakarta River Pollution, Says Environmental Office
1 hari lalu
The Environmental Office revealed that the biggest source of river pollution in Jakarta mostly comes from washing, bathing, and household waste.
Indonesian Maritime Ministry Stops Illegal Reclamation in South Konawe
4 hari lalu
The Ministry of Maritime Affairs and Fisheries has stopped the illegal use of sea space for reclamation in the coastal area of Ulu Sawa Village, South Konawe.
Jakarta Police Tap Ride-Hailing Drivers to Report Crimes with Rp500,000 Rewards
4 hari lalu
Jakarta Police are partnering with online motorcycle taxi drivers to boost public safety, offering Rp500,000 (US$30) rewards for reporting crimes.
Weekend in Jakarta: Visit Indonesia International Book Fair 2025 for Exciting Literary Events
4 hari lalu
The Indonesia International Book Fair will be held over the weekend in Jakarta. See what the largest book exhibition has in store, here.
Jakarta Deputy Governor Proposes Expanding Car Free Day to Cut Emissions
5 hari lalu
Car Free Day has been proven to reduce emissions and provide residents with a different experience.
Jakarta Sets Up Early Warning System for Air Quality
5 hari lalu
For the next three days, the Jakarta Environmental Agency will provide the public with information about air quality.
8 Fascinating Spots to Discover in Semarang Old Town
6 hari lalu
The Semarang Old Town area is filled with colonial-era buildings, culinary places, and an antique market.
The History of Semarang Old Town, Built by the VOC
6 hari lalu
The distinctive European architecture makes Semarang Old Town dubbed as Little Netherlands.
