Indonesia’s property market demonstrated encouraging momentum in first quarter 2026, with the logistics and central business district (CBD) office sectors leading the recovery amid sustained investor confidence and strong occupier demand, according to JLL.
“Jakarta’s CBD office market maintained its recovery momentum in early 2026, with occupancy rates stable at 72 percent,” said James Taylor, head of research. “First-quarter demand more than doubled compared to the same period last year, reflecting sustained confidence in the leasing market. The absence of new supply in the CBD continues to support demand for existing inventory. Tenant activity remained focused on flight-to-quality strategies. Meanwhile, the non-CBD market recorded positive absorption driven by new project completions in TB Simatupang, although some existing buildings faced occupancy pressure due to tenants downsizing or relocating to the CBD.”
Shopping center leasing demand in Jakarta’s
