JAKARTA – The number of supply continues to increase making the competition somewhat more stringent. It provides its own pressure on rental rates.
Senior Associate Director of Research at Colliers International Indonesia Ferry Salanto said, the average demand for rental rates for office space in the CBD continued to decline since 2014, especially building of premium.
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overall average asking price or demand price fell 3.6% to Rp333.786 per square meter per in the third quarter of 2016. Some offices recorded a significant decline in demand prices by 20% to 30%.
This is done in order to secure new tenants in the midst of intense competition with an abundance of new supply.
Based on the grade, with offices and Premium Grade C decreased rental rates or demand the highest asking rent price. Premium office space the average asking price of his decreased 8.5% to Rp431.997 per square meter per month.
While Grade C office space rental rate decreased by 14.9% to Rp201.377 per square meter per month. In contrast, Grade A office space Average rental rate rose 2.7% to Rp377.302 per square meter per month.
In the third quarter, 59 office buildings still offering the rental price under Rp 200,000 per square meter per month. Most of the buildings are scattered around Rasuna Said.
In the area of Gatot Subroto, Grade C office space demand the rent reached Rp396.673 per square meter per month which is the highest asking price in the CBD for Grade C.
“The calculation of the average rental we are based on the free space available, “said Ferry.
property.okezone.com
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