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Surabaya Office Buildings Increasingly Empty

Dzulfiqar Fathur Rahman 20/07/2022 12:10 WIB

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Colliers International estimates that Surabaya's office occupancy rate will reach only 55% this year.

Office Occupancy Rate in Surabaya (2019–2022*)

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Surabaya Office Buildings Increasingly Empty

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Office Occupancy Rate in Surabaya (2019–2022*)

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Office buildings in Surabaya, East Java, are expected to be less occupied in 2022, despite many companies requiring their employees to return to the office.

Colliers International estimates that the office occupancy rate in Surabaya this year will only reach 55%, down from 58% in 2021. This decline continues a trend seen since at least 2019.

Colliers International assesses that the office occupancy rate in this "City of Heroes" is generally low due to the high supply of office space.

The highest office occupancy rate in the city is found in East Surabaya, reaching 77.2%. Meanwhile, the lowest office occupancy rate is in North Surabaya, at only 5.6%.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Surabaya Office Buildings Increasingly Empty

Surabaya Office Buildings Increasingly Empty

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Surabaya Office Buildings Increasingly Empty

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