What is the average Class A rent in Jakarta?

Around 380000 IDR/sqft/yr ($24 USD) across the broader Class A index. Trophy submarkets like Sudirman CBD command 20–40% above that.

How many months of rent-free are normal in Jakarta?

6 months on a 3-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Jakarta?

The Jakarta Class A market is currently softening. Vacancy is 31.4%, which sets the negotiating context.

Headline Class A rent in Jakarta is around 380000 IDR/sqft/yr ($24 USD), with 6 months of typical rent-free on a 3-year term.

Headline Class A rent: 380000 IDR/sqft/yr ($24 USD).
Trophy submarket rents (Sudirman CBD) push to roughly Rp440,000/sqm/mo · ≈ $30.9 PSF/yr USD.
Typical concessions on a 3-year deal: 6 months free rent.
Vacancy stands at 31.4% — market trend is softening.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Jakarta Class A office rents and incentives

Headline Class A rent in Jakarta is around 380000 IDR/sqft/yr ($24 USD), with 6 months of typical rent-free on a 3-year term.

TL;DR

Headline Class A rent: 380000 IDR/sqft/yr ($24 USD).
Trophy submarket rents (Sudirman CBD) push to roughly Rp440,000/sqm/mo · ≈ $30.9 PSF/yr USD.
Typical concessions on a 3-year deal: 6 months free rent.
Vacancy stands at 31.4% — market trend is softening.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Jakarta are quoted in IDR per sqft per year. Across the broad Class A index the figure is 380000, but the trophy tier in Sudirman CBD reaches roughly Rp440,000/sqm/mo · ≈ $30.9 PSF/yr USD. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Jakarta concessions on a 3-year Class A lease run to 6 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — 22% Indonesian corporate income tax. 11% VAT. R&D super-deduction available. Special Economic Zones offer tax holidays for qualifying activities.

Where rents land by submarket

Sudirman CBD sits at the top end (~Rp440,000/sqm/mo · ≈ $30.9 PSF/yr USD). Thamrin clears around Rp360,000/sqm/mo · ≈ $25.3 PSF/yr USD as the prime tier. The full submarket map is on the Jakarta city page.

Key facts

city	Jakarta
country	Indonesia
region	APAC
classARentLocal	380000 IDR/sqft/yr
classARentUsd	$24/sqft/yr
vacancy	31.4%
typicalLeaseYears	3
typicalRentFreeMonths	6
submarkets	5
primeYieldPct	6.8%
trophyRent	Rp440,000/sqm/mo · ≈ $30.9 PSF/yr USD
primeRent	Rp360,000/sqm/mo · ≈ $25.3 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Jakarta?: Around 380000 IDR/sqft/yr ($24 USD) across the broader Class A index. Trophy submarkets like Sudirman CBD command 20–40% above that.
How many months of rent-free are normal in Jakarta?: 6 months on a 3-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Jakarta?: The Jakarta Class A market is currently softening. Vacancy is 31.4%, which sets the negotiating context.

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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