Demand for green office spaces soars in Indonesia as ESG standards drive change. (Photo: iStock)
Despite an oversupply of office buildings in Indonesia, demand for low-carbon offices remains strong. The occupancy rate for green office spaces jumped 73.4% in the second half of last year, with rental prices also increasing, according to a recent report.
Multinational companies, focused on meeting net-zero goals, are driving the trend by favoring certified green buildings despite higher costs.
Green office rents up 4% in Indonesia
Knight Frank, a British real estate company, released a report in mid-February indicating that the rental occupancy rate for certified green office buildings in Indonesia grew significantly in the second half of last year, reaching 73.4%. Rental prices also increased notably, with a year-on-year growth of 4%.
