--- title: "Jakarta Class A Office Market" description: "ASEAN's largest economy capital with deep banking, consumer, and resources tenancy." canonical: https://classa.info/cities/jakarta pageType: city lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Jakarta Class A office rents around Rp380,000/sqm/mo · ≈ $26.7 PSF/yr USD, with 31.4% vacancy and 6 months of typical rent-free on a 3-year term. ## TL;DR - Trophy product on Sudirman-Kuningan trades at IDR 380,000-460,000/sqm/month. - Headline vacancy elevated — structural overhang from 2014-2018 supply boom. - BCA, BRI, Mandiri, and consumer giants anchor demand. - Nusantara new capital relocation reshapes long-term demand. # Jakarta Class A Office Market *ASEAN's largest economy capital with deep banking, consumer, and resources tenancy.* ## TL;DR - Trophy product on Sudirman-Kuningan trades at IDR 380,000-460,000/sqm/month. - Headline vacancy elevated — structural overhang from 2014-2018 supply boom. - BCA, BRI, Mandiri, and consumer giants anchor demand. - Nusantara new capital relocation reshapes long-term demand. ## Overview Jakarta is the capital of ASEAN's largest economy — anchored by deep banking, consumer goods, and resources tenancy. The [Class A](/glossary/class-a) market has structurally elevated vacancy following the 2014-2018 supply boom; trophy product on Sudirman-Kuningan remains the principal anchor. ## Market snapshot | Class A rent | 380000 IDR/sqft/yr (26.689211159523964 USD)| | Vacancy | 31.4%| | Typical lease length | 3 years| | Typical rent-free | 6 months| Composite of Q1 2026 broker market reports for Jakarta. ## Lease norms Net leases. 3-year terms with [renewal](/topics/lease-renewal-strategy) options standard (HGU/HGB land tenure considerations apply). Free rent of 4-9 months on a 3-year deal. ## Transit & access MRT Jakarta (North-South Line, East-West under construction), LRT Jakarta, TransJakarta BRT, KRL commuter rail. Soekarno-Hatta Airport connected via Airport Rail Link. ## Tax 22% Indonesian corporate income tax. 11% VAT. R&D super-deduction available. Special Economic Zones offer tax holidays for qualifying activities. ## Talent Deep banking, consumer goods, and resources talent. Strong feed from University of Indonesia, ITB, Gadjah Mada, and major private universities. Bahasa Indonesia and English bilingual professional base. ## Notable Class A buildings - **Indonesia Stock Exchange Building** [](https://www.google.com/maps/search/?api=1&query=Indonesia%20Stock%20Exchange%20Building%2C%20Jl.%20Jend.%20Sudirman%20Kav.%2052-53%2C%20Jakarta%2012190%2C%20Sudirman%2C%20Jakarta%2C%20Indonesia&query_place_id=ChIJDyD3vFHxaS4RaliCGicL5G4) · Sudirman — Twin-tower trophy housing IDX, OJK, and major banks. - **Wisma BCA** [](https://www.google.com/maps/search/?api=1&query=Wisma%20BCA%2C%20Jl.%20Jend.%20Sudirman%20Kav.%2022-23%2C%20Jakarta%2012920%2C%20Sudirman%2C%20Jakarta%2C%20Indonesia&query_place_id=ChIJze_8ywP0aS4Rnxpr7UIB5bQ) · Sudirman — Bank Central Asia HQ on Jenderal Sudirman. - **Gama Tower** [](https://www.google.com/maps/search/?api=1&query=Gama%20Tower%2C%20Jl.%20HR%20Rasuna%20Said%20Kav.%20C-22%2C%20Kuningan%2C%20Jakarta%2012940%2C%20Kuningan%2C%20Jakarta%2C%20Indonesia&query_place_id=ChIJy9y-EvHzaS4RxoLRRW0mLrk) · Kuningan — Tallest in Indonesia. - **World Trade Centre 3** [](https://www.google.com/maps/search/?api=1&query=World%20Trade%20Centre%203%2C%20Jl.%20Jend.%20Sudirman%20Kav.%2029-31%2C%20Jakarta%2012920%2C%20Sudirman%2C%20Jakarta%2C%20Indonesia&query_place_id=ChIJFZwPTgD0aS4RpM0OasHidfE) · Sudirman — Newest tower in the WTC Jakarta cluster. - **Pacific Century Place** [](https://www.google.com/maps/search/?api=1&query=Pacific%20Century%20Place%2C%20SCBD%20Lot%2010%2C%20Jakarta%2012190%2C%20SCBD%2C%20Jakarta%2C%20Indonesia&query_place_id=ChIJQRFNcybxaS4RWlmDXibfLuM) · SCBD — Hongkong Land developed trophy in SCBD; deep MNC tenancy. ## Class A submarkets in Jakarta - [**Sudirman CBD**](/cities/jakarta/sudirman-cbd) — Jakarta's trophy financial spine. (trophy) - [**SCBD (Sudirman Central Business District)**](/cities/jakarta/scbd) — Trophy mixed-use core. (trophy) - [**Kuningan (Mega Kuningan)**](/cities/jakarta/kuningan) — Embassy and luxury HQ corridor. (trophy) - [**Thamrin**](/cities/jakarta/thamrin) — Established CBD core. (prime) - [**TB Simatupang Corridor**](/cities/jakarta/tb-simatupang-trans-business) — Suburban Class A campus belt. (prime) ## Jakarta deep-dives - [Rents and incentives](/cities/jakarta/topics/rents-and-incentives) — What does Class A rent cost and what concessions are typical? - [Sublease market](/cities/jakarta/topics/sublease-market) — How deep is [sublease](/topics/sublease-strategy)">sublease availability and how does it price? - [ESG and LEED stock](/cities/jakarta/topics/esg-and-leed) — How much certified stock exists and what premium does it command? - [Transit and commute](/cities/jakarta/topics/transit-and-commute) — Which submarkets have the strongest transit access? - [Talent and salaries](/cities/jakarta/topics/talent-and-salaries) — What does the white-collar talent pool look like and how is it priced? - [Fit-out costs](/cities/jakarta/topics/fit-out-costs) — What does a Class A [fit-out](/topics/fit-out-capex)">fit-out cost per square foot? - [Flex vs lease](/cities/jakarta/topics/flex-vs-lease) — When does premium [coworking](/topics/lease-vs-flex) beat a traditional lease? - [Taxes and incentives](/cities/jakarta/topics/taxes-and-incentives) — What corporate, occupancy, and property taxes apply? - [Neighborhoods overview](/cities/jakarta/topics/neighborhoods-overview) — Which Class A submarkets exist and how do they compare? - [Notable buildings](/cities/jakarta/topics/notable-buildings) — Which trophy assets define the market? - [Class A vs Class B](/cities/jakarta/topics/class-a-vs-class-b) — What is the spread between Class A and [Class B](/glossary/class-b) and why? - [Leasing conventions](/cities/jakarta/topics/leasing-conventions) — What lease structures, terms, and concessions are normal? - [Expansion checklist](/cities/jakarta/topics/expansion-checklist) — What is the operational checklist for opening here? - [Relocation guide](/cities/jakarta/topics/relocation-guide) — How do you move into this market from another city? - [Frequently asked questions](/cities/jakarta/topics/faq) — Quick answers to the questions occupiers ask most. - [Operating expenses](/cities/jakarta/topics/operating-expenses) — What service charges, OpEx, and pass-throughs apply on top of rent? - [Growth and availability](/cities/jakarta/topics/growth-and-availability) — How tight is current availability and what does the pipeline look like? - [Sustainability pathways](/cities/jakarta/topics/sustainability-pathways) — How do tenants land net-zero or science-based-target leases here? - [Hybrid work policy](/cities/jakarta/topics/hybrid-work-policy) — How are hybrid policies shaping office demand here? - [Security and redundancy](/cities/jakarta/topics/security-and-redundancy) — What security, power, and connectivity redundancy are standard? - [Lab and R&D space](/cities/jakarta/topics/lab-and-r-and-d) — What does R&D-grade or wet-lab space look like in this market? - [Brand experience](/cities/jakarta/topics/brand-experience) — How do trophy buildings function as brand experiences and showpieces? - [Fund strategy and flag](/cities/jakarta/topics/fund-strategy-and-flag) — Which submarkets carry the strongest investor flag for funds? - [Exit and renewal](/cities/jakarta/topics/exit-and-renewal) — How do you handle a Class A renewal or exit cleanly here? - [Market cycle position](/cities/jakarta/topics/market-cycle-position) — Where is this Class A market in its cycle right now? ## Jakarta — frequently compared - [**Jakarta vs Singapore**](/compare/jakarta-vs-singapore) — SEA HQ shortlist. - [**Jakarta vs Bangkok**](/compare/bangkok-vs-jakarta) — SEA HQ shortlist. - [**Jakarta vs Kuala Lumpur**](/compare/jakarta-vs-kuala-lumpur) — SEA HQ shortlist. - [**Jakarta vs Manila**](/compare/jakarta-vs-manila) — SEA HQ shortlist. - [**Jakarta vs Ho Chi Minh City**](/compare/ho-chi-minh-city-vs-jakarta) — SEA HQ shortlist. ## Frequently asked questions ****What is the Nusantara context?**** : Indonesia's planned new capital, Nusantara in East Kalimantan, is under construction. Government function relocation begins 2024-25; private-sector demand impact on Jakarta is gradual. ****What is HGU vs HGB?**** : Hak Guna Bangunan (HGB) is the right to construct buildings — typical office leasehold structure. Hak Guna Usaha (HGU) is for cultivation/business use of land. Foreign investors use Indonesian PT (limited liability) entities to hold rights. ****How significant is the Sudirman-Kuningan corridor?**** : The Sudirman-Kuningan corridor (Jl. Jenderal Sudirman and Jl. HR Rasuna Said) anchors the deepest Class A concentration in Indonesia — banking, multinational HQs, and the SCBD trophy cluster. ## Editorial provenance Reviewed by [**Kenji Watanabe**](/about/authors/kenji-watanabe) — APAC contributing editor. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, managed office) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/jakarta), updated 2026-04-15T00:00:00.000Z.