Jakarta Non-CBD Office Figures Q4 2025

Executive Summary

• Non-CBD office market remained supply-constrained in 2025, with total inventory holding steady at around 3.36 million sqm. Landlords continued to focus on retaining occupancies and mitigating vacancy risks.
• Despite the stagnant supply environment, demand showed notable improvement. Net take-up in Q4 2025 surged by 132% q-o-q, driven by leasing activity from the energy, technology, and education sectors, alongside healthy enquiry levels for relocations into newer, better-equipped buildings.
• Demand is expected to remain positive, keeping overall occupancy around 73% in 2026 before gradually rising to about 75% by 2028 as absorption outpaces new completions. On this basis, rents are projected to grow steadily at around 2% annually over the next three years.