Colliers | Colliers Quarterly Property Market Report Q4 2021 Jakarta Office

Office market continues adapting to the pandemic

Some companies are more optimistic about facing the effects of the pandemic, even though uncertainty persists. Enquiries for office space began to increase at the end of 2021. This is seen as a positive sign that businesses needing office space are gradually starting to recover. However, the market is not expected to fully recover in the short term, as there is still remains a lot of unabsorbed space, plus a huge additional supply in the coming years.

Flexibility is still a key word for landlords in the negotiation process. In term of construction, in the future, tenant preferences need to be considered—issues such as green buildings, high quality and wellness-enhancing buildings. From the tenant side, this current situation may allow them to maximise benefits which may not have been previously offered by landlords.

Colliers Quarterly Property Market Report Q4 2021 Jakarta Office

Download Report

Related Experts

Ferry Salanto

Senior Associate Director

Research

Jakarta

+62 21 3043 6730

+62 812 835 6660

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.

View expert

Eko Arfianto

Senior Manager

Research

Jakarta

+62 21 3043 6726

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.

View expert