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Jakarta Post

Tech players replace energy firms in Jakarta's business district

  • Norman Harsono

    The Jakarta Post

PREMIUM
Jakarta   /   Sun, July 7, 2019   /  10:17 am
The Jakarta Post Image
Low cost, high output: Participants carry out an activity at a workshop at Jakarta Creative Hub in Tanah Abang, Central Jakarta. The creative hub serves as a workshop space and coworking space that is available for rent at an affordable price. (The Jakarta Post/Seto Wardhana)

    Indonesia’s internet economy is booming and many of its players are setting up offices in one of the country’s most expensive areas: the central business district (CBD) in Jakarta. CBD is a triangular piece of land covering 18.5 square kilometers. Its vertices are near the Thamrin roundabout in Central Jakarta, Senayan roundabout and Dirgantara monument in Pancoran, South Jakarta. Jones Lang LaSalle (JLL), a property research firm, said in a report that 55 percent of the leased office spaces in CBD in the first quarter of 2019 were used by technology companies and coworking spaces, which house technology start-ups. “Financial companies, banks and insurance providers have dominated CBD office spaces since long ago, followed by oil and gas companies then other service companies,” JLL Indonesia advisory head&...