Jakarta’s cumulative office supply hits over 11m sqm in Q2 

Analysts expect it to remain unchanged until 2025.

In the absence of new completions, Colliers revealed in a report that cumulative office supply in Jakarta CBD remained at 7.38 million sq m in Q2 2024. Furthermore, with no new project announced, the cumulative supply figure is likely to remain unchanged at least until 2025. 

Outside the CBD, cumulative supply was 3.75 million sq m in Q2 2024. Some developments are nearing the end of the construction phase but may need to gather more momentum before reaching completion. 

“The anticipated increase in office investment is expected to intensify in Central, North, and East Jakarta, primarily driven by ongoing public transportation developments. These include the Jakarta LRT Phase 1B (Velodrome Rawamangun to Manggarai) and the MRT Phase 2A (Bundaran HI to Kota),” the report said.