Changing dynamics in Jakarta’s strata-title office market revealed | Real Estate Asia

Changing dynamics in Jakarta’s strata-title office market revealed

Some buildings have made slight corrections in their asking prices.

Following the period of stagnation in H1 2023, Colliers said in a report that the strata-title office market in Jakarta has begun to show signs of change, particularly in terms of asking prices. 

“Within the CBD, some buildings have made slight corrections to their asking prices, now recorded at IDR55.3 million per square metre. Conversely, in areas outside the CBD, some transactions have been logged, bolstering landlord confidence and driving an 8% QOQ increase in the average asking price to IDR46.0 million per square metre,” the report said.

Here’s more from Colliers:

The forthcoming completion and operation of another strata building in the next quarter is expected to bring about further changes in the CBD area, especially due to the premium grade of this office building. Consequently, it is anticipated that the asking price for this premium-grade building will be considerably higher compared to the prevailing market average. 

In Jakarta, several office strata-title buildings are nearing completion. This influx of additional supply will impact the calculation of average asking prices, especially given the limited available space in the CBD area. Furthermore, the available office spaces in Jakarta are currently dominated by premium class and grade A office buildings for sale, which typically command higher asking selling prices compared to the current market average.



Join Real Estate Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


How Metland Indonesia deals with weaker residential purchasing power
The real estate firm continues to expand with residences that are attractive to consumers because of pricing, the ‘growing house’ concept, and sustainable features.