Indonesia | September 2021

Property Market Perspectives

Jakarta Green Office Buildings

As sustainability becomes one of the top considerations when
leasing real estate, is the Jakarta office market ready to capture the
potential demand?
Our recent report, “Sustainable real estate: From ambitions to actions”, finds sustainability as the third
most important consideration for occupiers after location and rent when leasing a property in Asia
Pacific. Most occupiers (80%) agree that they would proactively prioritise location searches for
buildings that help reduce their carbon emissions in the future.

Hence, demand for green and sustainable spaces in Jakarta will increasingly rise in the coming years,
especially from multinational corporations.

A B &C
Non Green Buildings Green Buildings Green Buildings Non Green Buildings

As of 1H21, we recorded the Jakarta Despite Grade B buildings accounting for

commercial office supply at around 360 approximately 50% of Jakarta office
buildings, totalling 9.8 million sqm – 6.8 supply, most green buildings are Grade A.
million sqm in the CBD area and 3 million Almost 45% of Grade A office supply in
sqm in non-CBD. Of the total area under Jakarta comprises green buildings, as
office supply, less than 20% has compared with only 5% for Grade B & C
obtained green certifications and is buildings.
mainly based in the CBD area.

Green office buildings in Jakarta have

been completed predominantly from
2016 onwards when more new
completions with green certifications
entered the market. As Jakarta saw a
vast supply, almost 60% of the total
completions from 2016 obtained
green certifications.
Pre 2016 2016 2017 2018 2019 2020 2021 ytd

Cumulative Green Office Buildings New Green Office Buildings

Note: the year does not reflect the time buildings obtained green certifications; only shows the year of building completions that already has a certificate.

Talk to us
Contact our real estate experts to find out more about your office opportunities.

James Allan Angela Wibawa Naomi Patadungan Yunus Karim

Country Head Head of Office Leasing Head of Property Asset Head of Research
Advisory Management

www.jll.co.id
2021