Office occupancy Intiland Above 80%

                            

JAKARTA – The average rate of occupancy (occupancy) of office space PT Intiland topped 80%. As for retail space ranges from 50-70%.

“Occupancy office Intiland Tower Jakarta reached 95%, Intiland Tower Surabaya 83%, and Spazio 50%,” said Director and Corporate Secretary of PT Intiland, Theresia Rustandi, to Investor Daily, when contacted from Jakarta, some time ago .

According to him, he saw the need for office space at this time tends to be flat since last year. However, Intiland optimistic that demand for office space will increase along with the improved investment climate and national economic conditions. “The contraction that occurs at the level of residential and office rental market is only temporary and we are sure will be gradually improved,” he said.

Meanwhile, the Senior Associate Director of Colliers International Indonesia Ferry Salanto, said the occupancy rate of office space in 2016 reached 85%. This figure has decreased by about 10% from the previous year. The declining trend in occupancy this happens every two years.

“We predict occupancy next year no better than this year. The main reason for the condition of oversupply of office in Jakarta, “said Ferry to Investor Daily in Jakarta, Tuesday (13/12).

Ferry said, the office market is very influenced by the current macro-economic conditions, particularly the growth of gross domestic product (GDP). Under conditions of GDP growth was only 5.1% this year indicates the weakness of the Indonesian economy.

“Assuming GDP growth of only 5.3% have yet to be sufficient to absorb the supply office. So there is still going to happen vacancy rate. Ideally grew 5.5% to be able to absorb it well, but it just happened in 2019, “he said.

Theresia said, despite the relatively stagnant market conditions, but the performance of the office market was relatively stable Intiland this year, especially for office space lease. However, for the strata title office decreased slightly in 2016. Office Region South Quarter, for example, for the title perkantoranstrata market is already 99% sold (tower A) and to lease office tower in SQ is already 82%. “We have recently started marketing the tower C in South Quarter, Jakarta,” he said.

Touching on the occupancy of retail space into office supporting Intiland, he said, the retail occupancy rate reached 65% SQ Dome. While occupancy in retail Spazio, Surabaya by 57%.

                            
                            
                            

                                   

                            

Edo Rusyanto / EDO

                            

Investor Daily

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