Jakarta total office supply reaches 11.3m sqm as of Q1

CBD accounts for around 65% sqm of the supply.

Jakarta’s office market is entering a more stable phase as limited new supply helps rebalance fundamentals, according to Colliers.

In its latest market update, Colliers reported total office stock remains steady at around 11.3 million sq m as of Q1 2026, with approximately 65% located in the CBD.

CBD supply stands at about 7.4 million sq m, with no new completions expected in the near term. Major projects such as Two Sudirman and Indonesia 1 (North Tower) remain under construction and are slated for completion in 2028 and 2029, respectively, suggesting supply will remain largely unchanged until at least 2027.

Colliers noted that this constrained pipeline reflects a more cautious stance among landlords, many of whom are holding off on new developments amid existing vacancy and taking a wait-and-see approach.

At the same time, demand is increasingly shifting toward higher-quality buildings, placing pressure on older stock to undergo upgrades or repositioning to remain competitive.

Outside the CBD, the completion of ADR Office Tower in North Jakarta has brought total supply in non-core areas to around 3.9 million sq m. Approximately 50,000 sq m of additional office space is currently under construction and expected to be delivered through the remainder of 2026.

Overall, Colliers said the limited pipeline is helping to ease competitive pressure and support a more stable recovery trajectory for Jakarta’s office market.