Pandemic puts downward pressure on office rents and occupancy

KUALA LUMPUR (July 14): Knight Frank Malaysia expects the Covid-19 pandemic to exert downward pressure on rental and occupancy levels in the oversupplied Klang Valley office market as the gap between supply and demand continues to widen amid weaker office demand and shrinking pool of tenants, it said in its latest Real Estate Highlights for 1H2020.

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GALLERY Here comes the CMCO

As the Movement Control Order (MCO) ended yesterday to be replaced with the Conditional MCO from today, Klang Valley folk start going back to the malls albeit in small numbers while some cannot wait to get some exercise done in the parks.

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