Every quarter, Colliers provides research reports that can be downloaded for free. From our research report, you can obtain key market information from demographics, trends, and forecast reports about each different property sector. Here we provide you a research report about the office sector in Jakarta.
Demand rose slightly this quarter, highlighted by several transactions involving large space. The office market, and particularly the CBD, is anticipating the highest ever amount of new supply, which is scheduled for completion in 2018. Landlords should ideally pursue a minimum of 60% occupancy to cover their operating costs. However, in this tenant market situation, tenants demand more room for negotiation. In anticipation for market recovery in the next two or three years, contractual leasing should not exceed five years.
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