Green-Certified Office Buildings on the Rise

Over the past two years, rental prices for ESG (Environmental Social Governance) compliant office buildings in Jakarta's CBD have been approximately 35% higher compared to non-ESG buildings.

Yanita Petriella

13 Mar 2024 - 18.24
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Green-Certified Office Buildings on the Rise

One of the green office buildings owned by Sinar Mas Land. /special

Bisnis, JAKARTA – Amidst market stagnation, there is a growing demand for green office buildings in Jakarta. Green-certified buildings are not limited to premium and grade A offices; even grade B buildings are undergoing renovations to adopt environmentally friendly practices.

According to data from Knight Frank Indonesia, the total area of green office buildings in Jakarta reached 1 million square meters throughout last year, marking a 15% increase from 2022.

Research Senior Advisor at Knight Frank Indonesia Syarifah Syaukat noted that out of the total office space supply in Jakarta's Central Business District (CBD) in 2023, which amounted to 7,285,585 square meters, approximately 25% or 1,838,003 square meters remains unoccupied.

This vacancy rate in Jakarta's CBD surpasses the average vacancy rate for premium office spaces in the Asia Pacific region, which stands at 10%. By the end of 2023, the total stock of green office buildings is expected to increase by approximately 15% compared to the previous year.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
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