The Indonesia Commercial Real Estate Market Report is Segmented by Property Type (Offices, Retail, Logistics and Others), by Business Model (Sales and Rental), by End-User (Individuals/Households, Corporates & SMEs and Others), and by Geography (Jakarta, Surabaya, Bandung, Semarang, Medan and the Rest of Indonesia). The Market Forecasts are Provided in Terms of Value (USD).

Since the first quarter of 2020, the commercial property demand index in Indonesia has been experiencing an increase, reaching its highest value of ****** index points by the second quarter of 2024. The demand for the commercial property market is expected to be driven by Indonesia’s increasing number of retailers and foreign investments.

As of the fourth quarter of 2024, the commercial property price index in Denpasar in Bali, Indonesia reached ****** index points. Since the recovery period after the COVID-19 pandemic, the price index for commercial properties in Bali has shown steady growth.

Indonesia's booming commercial real estate market is projected to reach $21.04 billion by 2025, with a 7.40% CAGR until 2033. Discover key market trends, top developers (Agung Podomoro, Sinarmas Land), and investment opportunities in Jakarta, Surabaya, and Semarang. Analyze market segments including office, retail, and industrial spaces. Recent developments include: October 2022: Global digital infrastructure company Equinix., Inc. has announced its expansion into Indonesia with a planned approximately USD 74 million International Business Exchange (IBX®) data center in the heart of Jakarta. With this expansion, Equinix will enable Indonesian companies and multinationals based in Indonesia to leverage its proven platform to consolidate and connect the underlying infrastructure of their business., January 2022: Emerging Markets Property Group (EMPG), a property-focused market operator, has acquired OLX Indonesia property assets for an undisclosed sum through the local property arm Lamudi.. Notable trends are: The demand for office remains strong in the country.

Indonesia's booming commercial real estate market is projected to reach $37 billion by 2033, driven by urbanization, e-commerce growth, and rising foreign investment. Discover key trends, market segments (office, retail, industrial), and leading players in this dynamic sector. Recent developments include: October 2022: Global digital infrastructure company Equinix., Inc. has announced its expansion into Indonesia with a planned approximately USD 74 million International Business Exchange (IBX®) data center in the heart of Jakarta. With this expansion, Equinix will enable Indonesian companies and multinationals based in Indonesia to leverage its proven platform to consolidate and connect the underlying infrastructure of their business., January 2022: Emerging Markets Property Group (EMPG), a property-focused market operator, has acquired OLX Indonesia property assets for an undisclosed sum through the local property arm Lamudi.. Key drivers for this market are: Government Initiatives Promoting Affordable Housing, Economic Growth and Rising Disposable Incomes. Potential restraints include: Shortage of Skilled Labor, Fluctuating Construction Materials Costs. Notable trends are: The demand for office remains strong in the country.

Indonesia Real Estate Market size was valued at USD 64.78 Billion in 2024 and is projected to reach USD 85.97 Billion by 2032, growing at a CAGR of 5.82% during the forecast period 2026-2032.Urbanization and Growing Middle-Class Population: Rapid urbanization and a growing middle-class population are two major drivers of the Indonesian real estate industry. This powerful demographic shift, where the urban population is projected to exceed two-thirds of the total in the coming years, creates immense, sustained demand across all property segments. As more people move from rural areas to major urban hubs in quest of better work prospects and higher living standards, the demand for residential, commercial, and mixed-use real estate properties in key cities like Jakarta, Surabaya, and Bandung has significantly increased. The burgeoning middle class, with their expanding disposable income, is actively seeking higher-quality housing and premium commercial spaces, driving a strong market for both affordable and mid-range housing options, especially for first-time homebuyers. Savvy investors are targeting these high-growth metropolitan areas to capitalize on the sustained need for modern living and working spaces.

As of the second quarter of 2024, the commercial property price index in Denpasar in Bali, Indonesia increased by more than *** percent. Overall, the demand index for commercial properties in Indonesia has increased over the past few years.

Indonesia Commercial Property Price Index: YoY: Medan Municipality: Industrial Estate data was reported at -1.952 % in Mar 2020. This records a decrease from the previous number of -1.952 % for Dec 2019. Indonesia Commercial Property Price Index: YoY: Medan Municipality: Industrial Estate data is updated quarterly, averaging 0.000 % from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 0.392 % in Dec 2018 and a record low of -1.952 % in Mar 2020. Indonesia Commercial Property Price Index: YoY: Medan Municipality: Industrial Estate data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF003: Commercial Property Price Index: YoY.

Indonesia Commercial Property Demand Index: DKI Jakarta data was reported at 100.933 2017=100 in Mar 2020. This records a decrease from the previous number of 101.009 2017=100 for Dec 2019. Indonesia Commercial Property Demand Index: DKI Jakarta data is updated quarterly, averaging 100.836 2017=100 from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 101.009 2017=100 in Dec 2019 and a record low of 99.427 2017=100 in Jun 2018. Indonesia Commercial Property Demand Index: DKI Jakarta data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF007: Commercial Property Demand Index: by Cities.

As of the fourth quarter of 2024, the commercial property price index in Semarang, Indonesia stood at ******, marking the highest price index compared to other cities in the country. The overall commercial property price index in Indonesia has gradually increased over the past few years.

As of the fourth quarter of 2024, the commercial property price index in Indonesia stood at ******. This indicated an increase compared to the first quarter in the same year.

Indonesia Commercial Property Price Index: Surabaya Municipality: Offices: Leased data was reported at 96.411 2017=100 in Mar 2020. This records an increase from the previous number of 96.019 2017=100 for Dec 2019. Indonesia Commercial Property Price Index: Surabaya Municipality: Offices: Leased data is updated quarterly, averaging 99.625 2017=100 from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 100.390 2017=100 in Mar 2018 and a record low of 96.019 2017=100 in Dec 2019. Indonesia Commercial Property Price Index: Surabaya Municipality: Offices: Leased data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF001: Commercial Property Price Index: by Cities.

As of the fourth quarter of 2024, the commercial property price index for convention halls in Indonesia stood at ******, marking the highest price index compared to the other segments. The overall commercial property price index in the country has gradually increased over the past few years.

Indonesia Commercial Property Demand Index: DKI Jakarta: Apartement data was reported at 83.129 2017=100 in Mar 2020. This records a decrease from the previous number of 94.713 2017=100 for Dec 2019. Indonesia Commercial Property Demand Index: DKI Jakarta: Apartement data is updated quarterly, averaging 96.629 2017=100 from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 101.446 2017=100 in Mar 2017 and a record low of 83.129 2017=100 in Mar 2020. Indonesia Commercial Property Demand Index: DKI Jakarta: Apartement data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF007: Commercial Property Demand Index: by Cities.

Indonesia Commercial Property Price Index: YoY: Balikpapan Municipality: Hotel data was reported at -11.401 % in Mar 2020. This records a decrease from the previous number of 2.954 % for Dec 2019. Indonesia Commercial Property Price Index: YoY: Balikpapan Municipality: Hotel data is updated quarterly, averaging 1.894 % from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 20.794 % in Dec 2018 and a record low of -11.401 % in Mar 2020. Indonesia Commercial Property Price Index: YoY: Balikpapan Municipality: Hotel data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF003: Commercial Property Price Index: YoY.

Indonesia Commercial Property Price Index: YoY: Denpasar Municipality: Office data was reported at 15.447 % in Mar 2020. This records an increase from the previous number of 10.078 % for Dec 2019. Indonesia Commercial Property Price Index: YoY: Denpasar Municipality: Office data is updated quarterly, averaging -3.106 % from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 19.254 % in Jun 2017 and a record low of -29.688 % in Jun 2018. Indonesia Commercial Property Price Index: YoY: Denpasar Municipality: Office data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF003: Commercial Property Price Index: YoY.

As of the fourth quarter of 2024, the commercial property price index in Jakarta, Indonesia increased by **** percent. The year-on-year growth of the city's commercial property price index has fluctuated over the past few years, with the highest growth recorded in the second quarter of 2022, at around **** percent.

Commercial Property Price Index: Balikpapan Municipality data was reported at 105.173 2017=100 in Mar 2020. This records a decrease from the previous number of 105.559 2017=100 for Dec 2019. Commercial Property Price Index: Balikpapan Municipality data is updated quarterly, averaging 105.065 2017=100 from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 105.559 2017=100 in Dec 2019 and a record low of 99.974 2017=100 in Dec 2017. Commercial Property Price Index: Balikpapan Municipality data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF001: Commercial Property Price Index: by Cities.

As of the second quarter of 2024, the commercial property price index in Denpasar, Bali, had increased by around *** percent. After experiencing significant negative growth during the COVID-19 pandemic, the year-on-year growth of the city's commercial property price index spiked in the second quarter of 2022 and has seen positive growth since then.

As of the second quarter of 2024, the apartment price index for commercial use in Jakarta, Indonesia's capital city, reached a value of ***** index points, indicating a decrease compared to previous quarters. Since the first quarter of 2017, the apartment price index for commercial use in Jakarta has been experiencing a decline, reaching its lowest value by the third quarter of 2021. In Jakarta, using the ground floor of apartment buildings for commercial purposes is common.