Around 1.2 million sqm of office space is scheduled to enter Jakarta’s central business district area between now and 2023. Most of these projects are scheduled to finish this year and 2021. As such, vacancy is seen to increase further nut moderating from 2022 onwards. By location, most of the upcoming supply will be in Sudirman area, contributing around 40%. In general, corporate activities in Indonesia have been quite conducive following successful election last year, with growing interest from overseas investor to Indonesia.
