Jakarta Property Market Review 3Q20

Flight-to-quality in the office market remains a theme amid the pandemic

November 11, 2020

Office tenants remained cautious in 3Q20 and cost saving remained a theme although several deals were signed in Grade A buildings. A number of these were upgrades from Grade B developments indicating a continuation of the flight to quality trend.

The residential market remained challenging with stronger demand from end-users than investors while a handful of retailers closed down due to unprecedented disruption. Logistics continued to be the stand out sector attracting interest from both occupiers and investors.

We hope you enjoy this quarter's JPMR.

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