Guide To Finding Office In Jakarta

2016 is great time for finding office in Jakarta since the demand for office space in the Indonesian capital Jakarta has been outpacing demand.The vacancy rate for Jakarta office market rose from 4.8% in 2014 to 8.4% in June 2015. For grade A office spaces the change has been even more dramatic – it rose from 6.4 percent at the end of 2014 to 17.1 percent by the middle of 2015. (source)This means that as a potential tenant you have more negotiation power than in the past and with the help of a great agent you can get a very solid deal.Since Emerhub helps our clients find and fit out offices we have a lot of first-hand experience we wish to share with anyone that is about to go through the process of finding office in Jakarta.

Office types available in Jakarta

Indonesia Business Insight (2016) claimed that a global drop in commodity prices is what caused a swell to Jakarta’s office market. By the end of 2015, some companies downsized their operations in Indonesia and caused an additional of 567,000 m² of previously occupied office space in Jakarta.The table below provides some explanations for the types of office space, from Grade A to Grade C in Jakarta to help you identify what kind of office space best suits to your needs.Also, since office buildings found in Jakarta CBD are usually Grade A to Grade C class, and so a short overview of an office market in Q1 2016 for Grade A to Grade C in Jakarta will be provided after the table below.

Office Types	Description	Typical m2 rates in USD	Examples
Grade A	Most prestigious office buildings in Jakarta. Preferred by large and multinational companies and/or companies that want to be located in premium offices and areas. Buildings located in the SCBD area mostly are Grade A’s. These buildings tend to have exclusive locations, amenities and facilities that support the operations of the buildings. The quality of the building itself tend to portray the Grade A status.	± $27 to $54
Grade B	These are the mid range office buildings, with locations around Satrio and Mega Kuningan for example- similar to Grade A buildings. Although the Grade B is considered lower, they are very up to international standards.	± $30 to $27
Grade C	The lower range office buildings. They can basically be located in almost all locations in Jakarta except SCBD. They tend to be spread out to Mampang, Tebet, Mas Mansyur, and basically all of Jakarta.	– $15
Serviced and virtual offices	Virtual offices provide a registered address and usually a list of other services such as dedicated phone number (with call forwarding), mail handling, opportunity to rent meeting rooms etc.Serviced offices provide fully fitted work spaces with usually shared facilities. Tenants only need to bring their laptops as everything is already there in terms of desks, internet connection, etc. While the price per m2 is high, they allow also short term contracts, take the hassle away from the tenant and they are usually located in prestigious office buildings.	$385
Rukos	Rukos abroad are typically called as shop houses, shop lots, etc. Although this option is cheaper than others, the disadvantage would be that the companies must spend more in maintaining it. They are popular among trading companies and allow to accommodate a lot of staff.	$307 to $10,500