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 companie...
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