Rental rates for Grade A office space in Jakarta are reported to have risen over 35% in the last year and that trend looks set to continue with recent large-scale investment from companies such as DHL, Toyota and Deutsche Post AG driving the boost. According to broker Jones Lang LaSalle Inc., rates may rise as much as 25% over the next 2 years which would outstrip the country's overall economic growth rate which has hovered around 6% for the last few years.
With the recent improvements in the world economic situation and further development of Jakarta city centre including the construction of the new World Trade Center II building, this boom looks like it may be here to stay as Indonesia overtakes many of it's Asian neighbours with the speed of it's growth.
Despite the recent investment which included over 500,000 sq/m of new office space being created in 2012 alone, demand is still outstripping supply with strong overseas investment and an eagerness from investors to secure office space in this lucrative market.
With this in mind, if your company is considering upgrading to new offices in Jakarta or setting up a new satellite branch in the city any time soon then it may be worth starting the search now in order to ensure the widest selection at a rate that is lower than may be achievable just a few months from now.