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.

As of the fourth quarter of 2024, the commercial property price index in Semarang, Indonesia stood at 131.96, 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.

Indonesia Commercial Property Price Index: YoY: Semarang Municipality: Retail data was reported at 0.305 % in Mar 2020. This records an increase from the previous number of -1.780 % for Dec 2019. Indonesia Commercial Property Price Index: YoY: Semarang Municipality: Retail data is updated quarterly, averaging -0.119 % from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 1.632 % in Sep 2018 and a record low of -2.227 % in Sep 2019. Indonesia Commercial Property Price Index: YoY: Semarang Municipality: Retail 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.

The Report Covers Indonesia Commercial Real Estate Market Companies & Overview and it is Segmented by Type (Offices, Retail, Industrial, Logistics, Multi-family, and Hospitality) and Key Cities (Jakarta, Surabaya, and Semarang). The market size and forecasts for the Indonesia Commercial Real Estate market are provided in terms of value (USD) for all the above segments.

As of the fourth quarter of 2024, the commercial property price in Jakarta, Indonesia's capital city, reached a value of 102.72 index points. This indicated an increase compared to the price index in the second quarter of 2019, which stood at 101.16 index points.

Indonesia Commercial Property Price Index: Surabaya Municipality: Offices data was reported at 89.173 2017=100 in Mar 2020. This records an increase from the previous number of 88.821 2017=100 for Dec 2019. Indonesia Commercial Property Price Index: Surabaya Municipality: Offices data is updated quarterly, averaging 95.668 2017=100 from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 101.401 2017=100 in Jun 2017 and a record low of 86.502 2017=100 in Dec 2018. Indonesia Commercial Property Price Index: Surabaya Municipality: Offices 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.

CPPI: YoY: Jabodebek: Retail: Rent data was reported at -0.465 % in Mar 2019. This records a decrease from the previous number of -0.333 % for Dec 2018. CPPI: YoY: Jabodebek: Retail: Rent data is updated quarterly, averaging 2.993 % from Mar 2013 (Median) to Mar 2019, with 25 observations. The data reached an all-time high of 17.940 % in Jun 2013 and a record low of -3.143 % in Mar 2018. CPPI: YoY: Jabodebek: Retail: Rent data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.EF003: Commercial Property Price Index: YoY. Prior Q2-2014, the scope of Commercial Property Price Index was Jakarta, Bogor, Depok, Bekasi (Jabodebek), Banten, and Bandung. Since Q2-2014 onwards, the index adds Makassar in its coverage. Sebelum Q2-2014, cakupan Indeks Harga Properti Komersial adalah Jakarta, Bogor, Depok, Bekasi (Jabodebek), Banten, dan Bandung. Sejak Q2-2014 dan seterusnya, indeks menambahkan Makassar dalam cakupannya.

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 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 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.

The Indonesian commercial real estate market, valued at $21.04 billion in 2025, is experiencing robust growth, projected to maintain a 7.40% Compound Annual Growth Rate (CAGR) from 2025 to 2033. This expansion is fueled by several key drivers. Rapid urbanization, particularly in major cities like Jakarta, Surabaya, and Semarang, is creating significant demand for office, retail, and industrial spaces. The burgeoning e-commerce sector is significantly boosting the logistics and warehousing segments. Furthermore, a growing middle class and increasing foreign investment contribute to the robust demand across various property types, including multi-family residential and hospitality. However, challenges remain. Infrastructure limitations in certain areas and potential economic volatility pose constraints on market expansion. Competition among established developers like Agung Podomoro Land, Sinarmas Land, Ciputra Group, and Lippo Karawaci, alongside emerging players such as GoWork and UnionSpace, is intense. This competition, combined with fluctuating interest rates and material costs, influences the overall market dynamics. The segmentation of the market reveals significant opportunities across sectors. Office spaces, driven by the expansion of businesses and co-working spaces, remain a substantial segment. Retail real estate is benefiting from the rising consumer spending power. The industrial and logistics sector is experiencing exponential growth due to the e-commerce boom, requiring increased warehousing and distribution facilities. The hospitality sector is also witnessing growth, fueled by both domestic and international tourism. Strategic investment in key cities, particularly in infrastructure development and improving connectivity, will be crucial in unlocking the full potential of this dynamic market. The involvement of international real estate firms like Cushman and Wakefield Indonesia further underscores the global interest in this promising market. Successful navigation of the challenges will pave the way for sustained growth in the Indonesian commercial real estate sector in the coming years. 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.

CPPI: YoY: Bandung: Hotel data was reported at -4.929 % in Mar 2019. This records an increase from the previous number of -5.001 % for Dec 2018. CPPI: YoY: Bandung: Hotel data is updated quarterly, averaging -3.498 % from Mar 2013 (Median) to Mar 2019, with 25 observations. The data reached an all-time high of 55.261 % in Dec 2013 and a record low of -29.008 % in Jun 2015. CPPI: YoY: Bandung: Hotel data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.EF003: Commercial Property Price Index: YoY. Prior Q2-2014, the scope of Commercial Property Price Index was Jakarta, Bogor, Depok, Bekasi (Jabodebek), Banten, and Bandung. Since Q2-2014 onwards, the index adds Makassar in its coverage. Sebelum Q2-2014, cakupan Indeks Harga Properti Komersial adalah Jakarta, Bogor, Depok, Bekasi (Jabodebek), Banten, dan Bandung. Sejak Q2-2014 dan seterusnya, indeks menambahkan Makassar dalam cakupannya.

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.

Commercial Property Price Index: Surabaya Municipality: Industrial Estates data was reported at 100.000 2017=100 in Mar 2020. This stayed constant from the previous number of 100.000 2017=100 for Dec 2019. Commercial Property Price Index: Surabaya Municipality: Industrial Estates data is updated quarterly, averaging 100.000 2017=100 from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 100.000 2017=100 in Mar 2020 and a record low of 100.000 2017=100 in Mar 2020. Commercial Property Price Index: Surabaya Municipality: Industrial Estates 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 in Jakarta, Indonesia increased by 0.24 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 1.01 percent.

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.

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.

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.

Indonesia Commercial Property Price Index: YoY: Medan Municipality: Hotel data was reported at -9.589 % in Mar 2020. This records a decrease from the previous number of 0.220 % for Dec 2019. Indonesia Commercial Property Price Index: YoY: Medan Municipality: Hotel data is updated quarterly, averaging 1.119 % from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 12.123 % in Jun 2017 and a record low of -9.589 % in Mar 2020. Indonesia Commercial Property Price Index: YoY: Medan 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.