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Central Jakarta office space losing appeal

More businesses will be relocating to South Jakarta and West Jakarta over the next several years, with the central business district seeing a decline in its share of the market due to high rents and traffic congestion, property analysts said.

Property consultant PT Procon Indah released a report on Wednesday saying that the city’s central business district, which now has 65 percent of the leased office space in Greater Jakarta, will see its share decline to 53 percent by the end of 2012.

(Source: Jakarta Globe)