Research

Jakarta Property Market Review 1Q 2022

Office leasing enquiries continue to increase

May 23, 2022
Contributors:
  • Yunus Karim

The year 2022 began with a stable occupancy rate for the office sector, with leasing deals dominated by technology companies. Family-friendly restaurants and entertainment facilities attract visitors, supported by children's playground.

Demand for modern logistics warehouses is expected to be particularly robust due to strong tailwinds triggered by the growing e-commerce market. Meanwhile, condominium sales activity remained weak, and Jakarta hotels continued to be driven by domestic demand in the first three months.

We hope you enjoy this quarter’s JPMR.

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