Asia Pacific Office Outlook 2024

JAKARTA

NEW SUPPLY

N EW S U P P LY ( S QM )

160,000

FORECAST

140,000

120,000

100,000

80,000

 No new supply is expected to enter the Jakarta CBD Office market in 2024.  The absence of new supply in 2024 is due mostly to projects currently in advanced stages of construction that remain on hold, such as Gedung Indonesia Satu Tower North (62,600 sqm) and Gedung Indonesia Satu Tower South (68,600 sqm).

60,000

40,000

20,000

0

2021

2022

2023

2024F

2025F

2026F

2027F

Source: Cushman & Wakefield