Office: Demand for office space in South Jakarta, such as on Jl. Simatupang and in neighboring areas, continues to increase from companies that do not require a CBD location.
Retail: In spite of generally high lease occupancies, landlords are still pegging US$ rents at lower IDR rates. This is a practice initiated almost ten years ago during the monetary crisis to accommodate retailers.
Apartment: Since the monetary crisis until now, occupancies of both for lease and strata units continue to remain below industry standard levels.
Hotel: Hotel occupancies, room rates and RevPAR continue to improve. This trend, coupled with slowing new supply, bodes well for an eventual recovery to pre-crisis performance levels.
