Jakarta Non-CBD Office Figures Q2 2026

Executive Summary

• Supply was constrained, with no new completions in this quarter, keeping total stock stable at approximately 3.4 million sqm, while a thin development pipeline, continues to support market fundamentals.
• Demand remained positive, with approximately 12,900 sqm of net absorption driven primarily by new office set-ups, led by the education sector, while occupancy improved from 72.9% to 73.3%, indicating a gradual strengthening of market fundamentals despite softer take-up.
• Rental growth was modest but positive, increasing 0.2% q-o-q to Rp112,900 per sqm per month, supported by stronger Grade A performance. Furthermore, a constrained supply pipeline and improving demand are expected to drive further occupancy gains and steady rental growth.