Jakarta office rents to grow by 2-3% in 2026

The rental growth will be supported by landlords with solid occupancy rates.

In a report, Colliers noted that the tenant-driven nature of the Jakarta office market persists, with landlords remaining competitive–especially in the CBD, where prestige and quality facilities remain top priorities for tenants.  

Here’s more from Colliers:

CBD rents: Averaged IDR 224,500/sq m/month in Q3 2025, nearly 1% correction YoY, as landlords focused on maximizing absorption. Premium and Grade A buildings maintained stable rents to remain competitive.  

Outside CBD rents: Averaged IDR 161,000/sq m/month, a slight decrease from Q2 2025. Grade A properties outside the CBD are positioning themselves as value-for-money options while offering higher specifications than standard stock.

To justify rental growth, landlords are prioritizing upgrades such as enhanced amenities, raised floors, and green building certifications. While these improvements require substantial investment, they are expected to strengthen competitiveness during the ongoing recovery and secure long-term positioning.

As market approaches year-end, average rents are forecasted to record modest growth compared to late 2024, with further strengthening of 2-3% anticipated by end-2026, supported by landlords with solid occupancy rates.

Service charges have remained steady this quarter, averaged IDR 86,300 in CBD and IDR 62,200 outside CBD. In CBD, leased buildings recorded average service charge of IDR 97,200/sq m/month, while strata properties documented at IDR 54,500. Meanwhile outside CBD, overall service charges for leased offices averaged IDR 64,300, with strata buildings at IDR 49,700/sq m/month. Minimal changes are expected through year-end, as inflationary and operational cost pressures remain stable.