The occupancy rate of office space in Jakarta in 2018 is estimated to reach its lowest level since 2012. The sliding figure is not caused by a decline in investment realization in Indonesia (which often involves the opening of new offices in the capital city of Jakarta) - in fact investment is rising - nor is it caused by an exodus of companies away from Jakarta (although a modest decline in demand for office space was detected). It is the opening of new large office towers what is troubling the ratio this year.
26 February 2020 (closed)
USD/IDR (14,234) +216.00 +1.54%
EUR/IDR (15,641) +350.19 +2.29%
Jakarta Composite Index (5,688.92) -98.22 -1.70%