ASIA PACIFIC OUTLOOK 2025

JAKARTA

DEMAND & VACANCY

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

35.0%

300,000

FORECAST

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

30.0%

250,000

25.0%

200,000

20.0%

150,000

15.0%

100,000

10.0%

50,000

5.0%

0

0.0%

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

NET ABSORPTION (SQM) AND VACANCY RATE (%)

Net Absorption

Vacancy Rate

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield