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Property Market Report | Q1 2020 Jakarta Office

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Downtown Buildings 1536x1040

Both absorption and rent are still in a downward trend, and the situation is expected to continue up to the end of 2020. Tenants who are already in a good position will continue to be active in rental negotiations and demands for incentives such as free parking and opportunity to lock-in space occupied in long-term leases, especially for office buildings attached to an MRT station. At the same time, landlords are currently in a position to avoid complicated negotiations in lease agreements, avoiding potential tenants moving to other buildings.

The current outbreak will create further opportunities for office occupiers to test the feasibility and may encourage companies to be more willing to accelerate the adoption of flexible and home working policies in the future. We suggest that landlords prioritise filling their vacancies because this will create more room to adjust rent in line with rising occupancy.


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Property Market Report | Q1 2020 Jakarta Office

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Ferry Salanto

Senior Associate Director

Research

Jakarta

As Head Research Department, Ferry is in charge in providing property market knowledge for internal purposes and for clients. The scope of sectors covered in the quarterly market report comprises office, apartment, retail, hotel and industrial estate.

In regional tasks, the Heads of Research of each country work together in providing regional market reports covering the Asia Pacific region and globally. Currently Research Department is not only operating as a cost-centre department, as he and his team have been assigned by the Central Bank to provide monthly market information.

On the consulting front, the task involves providing a wide range of advisory services to our clients. Working closely with Consulting Department, we help clientsby preparing feasibility studies to determine whether their property projectsare viable from both financial or marketing aspects. 

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Eko Arfianto

Senior Manager

Research

Jakarta

I started working at property business since 2005 when i worked as Site Supervisor at Construction Management company in Jakarta. My responsibilities covered architecture design supervision of high-rise buildings. As an acrhitect, I worked with thousands concepts and ideas and also did cost estimator / quantity surveyor. I also did advisory for interior design works. Then i continued my working experience by joining with Colliers in June 2007 at Research Department. I started from the beginning at this business as Database Administrator. After spending 10 years working at Colliers International Indonesia, my current posistion is Senior Manager at Research Department. 

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