ASIA PACIFIC OUTLOOK 2025

JAKARTA

KEY MESSAGES

Supply

Demand

Rents

Key Outlook

Indonesia's robust economy and period of expected political stability following the general election will maintain office demand within positive territory.

No new supply is expected to enter the Jakarta CBD office market in 2025.

Net absorption is expected to remain positive at approximately 170,000 sqm for the full-year 2025.

Gross rental rates are projected to increase further, as the result of incremental rises in both base rental and service charge components. Despite ongoing strengthening of occupancy levels, landlords will remain very careful when considering increases in their base rental levels.

Additional new supply is expected to enter the market commencing in 2026 with approximately 62,000 sqm.

Vacancy is expected to reduce further with the absence of new office supply in 2025.

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025