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Property Market Report | Q3 2020 Jakarta Office

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As the sluggish business environment continues onwards, most companies are taking more time to wait and see action in lease activities. Reimplementation of physical distancing has caused work-from- home policies to be extended. Likely, lessors will analyse and recalculate office space needs for the purposes of renewing lease agreements.

Presently, tenants prefer to extend at their existing buildings rather than moving. The problem today is tenants expect to reduce their office space although the lease period still remains long. Landlords and tenants need to reach mutually beneficial agreements if business performance of the tenants and the leasing activities on the landlord side are to continue to survive. Landlords must take a creative approach such as providing smaller office space. More companies will be more concern on flexibility and will likely apply efficiency in terms of space, costs and business models.


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Property Market Report | Q3 2020 Jakarta Office

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Related Experts

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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