Fri, 22 Oct 2010

Indonesia's stellar economic performance and strong growth in investment realization have helped boost the occupancy rate of offices in Greater Jakarta to 89.89 percent in the third quarter of this year.

Property consultancy company Coldwell Banker Indonesia said Thursday that the country's economic growth that reached 6.2 percent in the second quarter had given a rise to investors' confidence in doing businesses and lease offices.

“In the third quarter, the office leasing sector experienced the most promising growth [in occupancy rate] compared to other property sectors [retail and residential],” Coldwell Banker Indonesia's vice president for research and consultancy, Dwi Novita Yeni, told a press conference at the company's office in Jakarta.

According to the company's data, the occupancy rate of leasable office in the Central Business District (CBD) has jumped by 1.83 percent from the previous quarter to 91.64 percent, while in areas outside the CBD, the rate grew by 0.74 percent to 86.97 percent.

Currently, the total supply of leasable office in Greater Jakarta reaches 6.1 million square meters (sqm), 3.8 million sqm of them in the CBD, the data says. In two years ahead, the spaces will jump by 667,334 sqm by the completion of several construction projects, such as Sentral Senayan 3, Allianz Tower and Plaza Simatupang. (rdf)