Colliers International Indonesia reported that demand for office space in Indonesia, and specifically in the capital city of Jakarta, shows good growth starting from the third quarter of 2017. Especially online businesses (for example the e-commerce industry) are showing rising appetite for office space. This demand is supported by Indonesia’s rapidly expanding e-commerce industry, boosted by the nation’s rising Internet and smartphone penetration rates as well as the young population (hence more eager to adapt to online lifestyles than older generations). It is estimated that in the last quarter of 2017 450,000 square meters of additional office space will become available in Jakarta (while in the first three quarters of the year an estimated 300,000 m2 of office space was added in Jakarta’s central business district). Total office space in the business heart of Jakarta now stands at 5.78 million m2.
