ASIA PACIFIC OUTLOOK 2025

JAKARTA

SOURCE: CUSHMAN & WAKEFIELD

Despite ongoing strengthening in occupancy levels, landlords will still likely be very careful when considering to raise their base rental levels. Gross rental rates are projected to slightly increase, mostly as the result ofincremental rises in both base rental and service charge components. Rental growth is expected to increase further in 2025 following the general election and period of expected political stability, against the backdrop of an improved economic forecast.

-10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0%

100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000

FORECAST

RENT GROWTH

0 50,000

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

IDR/SQM/MO

Rent growth (%)

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

RENT (IDR/SQM/MO) and rent growth (% per annum)