Indonesia is a country located in Southeastern Asia between the Indian Ocean and Pacific Ocean. The government system is a republic which means that the chief of state and the head of government is the president. Indonesia is a member of the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN)
Facts and figures
|Population density (people per sq. km of land area)||151|
|GDP per capita in US$||4,135.57|
|Main industries||Petroleum and natural gas
Textiles and apparel
Rubber and chemical fertilizers
|Total office stock in sq m / sq f||5,780,000 sq m (2020)|
|Total retail stock in sq m / sq f||n/a|
|Total industrial stock in sq m / sq f||n/a|
Indonesia has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. The country’s economic freedom score is 67.2 making its economy the 54th freest in the 2020 index. The country’s main industries are the following: Petroleum and natural gas, textiles and apparel, mining, plywood, rubber and chemical fertilizers.
Since President Joko Widodo came to power in 2014, Indonesia’s GDP has grown on average 5% per year. The country’s annual economic growth eased to 2.97% in the first quarter of 2020, the weakest pace since the first quarter of 2001 and well below market consensus of 4.04%. The decline in annual growth is due to the closing of schools and offices in late March to contain the rapid spread of the coronavirus pandemic.
Indonesia is made up of 18,307 islands and according to conservation international, it is 1 of the 17 countries that is considered megadiverse - countries that host the majority of the earth’s plant and animal species. Indonesia is the fourth most populous nation in the world and home to the world’s largest Muslim population.
Jakarta is the capital city of Indonesia Home to over 10 million people with diverse ethnic group backgrounds from all over asia, Jakarta is a huge sprawling metropolis. The city is the lively social, cultural, economic and political hub of the nation, carrying the legacy of more than 30 years of uninterrupted economic expansion. It is also home to many of the country’s finest research institutions, educational facilities and cultural organizations, and uniquely serves both as the seat of national as well as regional government.
Surabaya is the second largest city in Indonesia after Jakarta. The city is situated in the mouth of Brantas River and is a modern industrial city that is considered as the economic and trading center of Eastern Java as well as home to the nation’s navy.
The city of Bandung is only a 2.5 hours drive from Jakarta via a toll road. Bandung is famous for being the choice of destination for Jakarta residents to getaway for weekends and holidays. Bandung is Indonesia’s major technology center.
Office overview in Indonesia
Selected business districts for rent or lease of office space
Sudirman Central Business District, Jakarta
Sudirman Central Business District is a business district located in Jakarta with an integrated mixed use development concept consisting of condominiums, office buildings, hotels, shopping and entertainment centers.
Golden Triangle, Jakarta
The Golden Triangle of Jakarta is the area extending from Central Jakarta to South Jakarta. The Golden Triangle makes up the center of Jakarta and is also the city’s main central business district. Commercial activities are highly concentrated in the Golden Triangle with many top brands such as Google, Sony and Nike’s headquarters are located in the area. Grade A office towers are also situated in the Golden Triangle.
Retail overview in Indonesia
Selected districts for rent or lease of retail space
Blok M, Jakarta
Blok M is a business and shopping quarter located in South Jakarta. The main shopping centers in the area are Blok M Square, Blok M Plaza, and Pasaraya Grande. Mal Blok M is known for having low prices and bargain buying. Blok M Plaza is a 7 story shopping center with numerous retailers. And lastly, Pasaraya Grande is a multilevel indoor mall with various stores selling clothes and local handicrafts.
Menteng is an upscale sub district of the Central Jakarta municipality. It is a shopper’s paradise with international brands of clothing and other items. One of the most interesting destinations for shoppers in Menteng is the flea or antique market with nearly 184 stand alone shops that sell everything of antique value.
Pasar Baru, Jakarta
Pasar Baru was built in 1820 and based in Central Jakarta. It is one of the oldest shopping districts in the city, which locals often refer to as Little India. In Pasar Baru, shoppers can find everything from textiles to Indian spices to musical instruments and trendy footwear.
Industrial overview in Indonesia
Selected districts for rent or lease of industrial space
Kendal Industrial Park, Jakarta
Kendal Industrial Park is the largest industrial township development in Central Java with a total development size of 2,200 hectares. It is a joint venture between two industrial developers in South East Asia. Kendal Industrial Park has successfully attracted over 61 tenants from different industries such as food, furniture, stationary, building materials etc.
Marunda Center, West Java
The industrial and warehousing area in Marunda Center started operating in 2005 and currently covers an area of 600+ hectares. It is close to Central Jakarta and less than 10km from Tanjung Priok Port that makes it easy for companies that need access to the point or city centre. Some big companies that are located in the area are PT. Smart, Tbk, the producer of Filma cooking oil, Shell lubricant oil manufacturer etc.