Jakarta strata office market sees steady but selective recovery

CBD strata office assets maintained stable pricing at around IDR 57 million per sqm.

Jakarta’s strata title office market is continuing its gradual recovery, with transaction activity remaining selective but steadily present across both CBD and outside-CBD locations, according to Colliers.

In its latest update, Colliers reported that CBD strata office assets maintained stable pricing at around IDR 57 million per sq m, unchanged from the previous year, reflecting resilient owner expectations despite measured demand conditions.

Outside the CBD, average asking prices have adjusted to around IDR 34 million per sq m, with sellers actively repositioning assets to stimulate buyer interest and support transaction activity in a market still regaining momentum.

Colliers noted that most transactions continue to occur in the secondary market, where pricing flexibility and negotiation room remain key drivers of investor engagement. At the same time, improving building quality and enhanced transport connectivity in outer districts are gradually strengthening the appeal of non-CBD strata assets.

In the CBD, investor interest persists due to the scarcity value of prime strata office assets in established business districts. While overall transaction volumes remain measured, sentiment is expected to improve gradually alongside strengthening leasing fundamentals and rising corporate activity.

Colliers added that recent large-scale deals in prime office assets highlight continued pricing firmness, with well-located buildings still attracting decisive buyer interest, reinforcing the long-term attractiveness of Jakarta’s office investment market.