Average asking rents saw a modest increase in Q1.
Looking ahead, average asking rental rates are projected to increase by approximately 3% to 4% annually through to 2029, indicating a steady and gradual upward trajectory in Jakarta’s office market, according to Colliers.
In its latest report, Colliers noted that CBD occupancy costs recorded a modest uptick in Q1 2026, with average asking rents rising to IDR 218,000 per sq m. While slightly higher than the previous quarter, rates remained broadly stable year-on-year, indicating a market gradually finding equilibrium as landlord confidence improves alongside steady leasing activity.
Premium buildings continued to command the highest rents, averaging around IDR 345,000, with some assets now priced above IDR 350,000. Colliers attributed this to strong location fundamentals, high-quality specifications and a more selective tenant base, which together support pricing resilience in the top tier.
Grade A CBD offices recorded average asking rents of about IDR 231,000. With a broad supply base, this segment continues to serve a wide range of occupiers, offering flexibility across locations, building quality and leasing structures, and positioning it as a key alternative for tenants seeking quality space at more accessible price points.
Outside the CBD, average asking rents stood at nearly IDR 170,000, while Grade A assets in these locations averaged around IDR 211,000. Colliers said landlords in these submarkets remain focused on competitiveness, particularly as they compete directly with CBD offerings for tenant demand.
Service charges remained stable in Q1 2026, at around IDR 86,000 in the CBD and IDR 62,000 outside the CBD, with differences reflecting building specifications and operational standards.
Colliers added that buildings combining quality, connectivity and attractive leasing terms are best positioned to drive the next phase of rental growth as the market continues its gradual recovery trajectory.