Jakarta CBD Grade A office rents soften in Q1

Meanwhile, Grade B and C rents remained stable.

Rental rates in Jakarta's CBD office market continued to face pressure in the first quarter of 2026, declining 0.6% quarter-on-quarter to IDR214,232 per sq m per month, according to Savills.

The consultancy said some Grade A landlords have prioritised tenant retention over rental growth despite improving occupancy levels, reflecting the abundance of quality office options available to occupiers.

Grade B and Grade C office rents remained broadly stable at IDR171,985 per sq m per month and IDR136,546 per sq m per month respectively.

Meanwhile, service charges increased 0.5% to IDR85,574 per sq m per month, largely due to higher operating costs following a 6.17% rise in Jakarta's provincial minimum wage for 2026.

Savills expects leasing activity to remain steady for the rest of the year, although rental growth is likely to remain constrained by competition among buildings. The firm added that landlords are increasingly offering flexible lease structures, with shorter lease terms of one to two years and more flexible payment arrangements, including quarterly payments.