Property Consultant: Jakarta CBD Office Occupancy Stable at 72 Percent

Jakarta (ANTARA) - Property consultancy firm Jones Lang LaSalle (JLL) revealed that the office market in Jakarta’s Central Business District (CBD) sustained its recovery momentum in early 2026, with occupancy levels holding steady at 72 percent. “Demand figures in the first quarter were more than double those of the same period last year, reflecting ongoing confidence in the leasing market,” stated James Taylor, Head of Research at JLL, in Jakarta on Tuesday. James noted that the absence of new supply in the CBD continues to bolster demand for existing inventory. Tenant activity remains centred on relocating to higher-quality buildings. “Meanwhile, the non-CBD market recorded positive absorption driven by the completion of new projects along TB Simatupang, although some existing buildings faced occupancy pressures from tenants downsizing or moving to the CBD,” he added. Separately, Panji Aziz, Head of Tenant Representation at JLL, said that Grade A offices in the central business district continued to exhibit positive demand activity in the first quarter, with the financial services and technology sectors as the primary contributors to office space demand. “One emerging trend this quarter is the rising demand for furnished office spaces. To meet tenant needs, some landlords are retaining furniture from previous tenants or providing rooms equipped with new furniture or fit-out contributions,” said Panji Aziz. According to him, rental rates for Grade A offices in the central business district rose by 0.95 percent compared to the previous quarter, continuing the positive trend that began in 2025. This increase reflects the strengthening bargaining power of property owners (landlords) as supply becomes increasingly limited and demand grows in the Grade A building segment.