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Jakarta Post

Tech players replace energy firms in CBDs

  • Norman Harsono

    The Jakarta Post

Jakarta   /   Mon, July 8 2019   /  02:34 am

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.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 Vivin Harsanto told The Jakarta Post in a text message.“[However] there are [many] oil and gas companies that have consolidated, contracted and moved to non-CBD areas.”CBD is a triangular piece of land covering 18.5 square kilometers. Its vertices are near the Thamrin roundab...