News about office market

Major office occupiers in Kuala Lumpur City comprise oil & gas (O&G), finance and banking, and flexible space operators; whereas KLF encompasses flexible space operators, information technology (IT) and commerce, BPOs and shared services, as well as insurance and financial institutes.

With the adoption of a hybrid workplace, companies are also looking for space that offers greater flexibility of space planning.

In Kuala Lumpur City (KLCC), which include the Golden Triangle area and the older central business district, there are currently 31.

SINGAPORE (Dec 14): Singapore, Japan, and South Korea are predicted to experience “above-average growth in 2022” driven by strong demand for exports, says Cushman & Wakefield report entitled Catch 22 — Asia Pacific Commercial Real Estate Outlook 2022.

KUALA LUMPUR (Sept 23): Malaysia-based coworking space operator WORQ has secured RM10 million in funding from seven follow-on investors that include the Singapore independent fund management company Phillip Capital Management.

  KUALA LUMPUR (July 18): Escalating supply and slowing occupiers demand for office space are expected to impose challenges for the office market in Kuala Lumpur for the next few years, according to Nawawi Tie Leung Property Consultants (NTLP).

PETALING JAYA (July 26): Leasing enquiries from the oil and gas and related sectors as well as multinationals in other service industries exploring the Kuala Lumpur office market have picked up in the first half of 2018 (1H18) as the crude oil price appears to stabilise, according to Knight Frank Malaysia.

PETALING JAYA (Jan 29): The outlook for Kuala Lumpur and beyond Kuala Lumpur (Selangor) office markets continues to be gloomy, Knight Frank Malaysia said in a report today.

PETALING JAYA (Jan 22): The Kuala Lumpur office market is likely to remain subdued due to supply glut, with developments such as Tun Razak Exchange (TRX), Merdeka PNB 118 and Sapura Tower nearing completion, said property consultancies Edmund Tie & Co (SEA) Pte Ltd and Nawawi Tie Leung Property Consultants Sdn Bhd in their “Kuala Lumpur Q4 2017: Retail sector was undergoing stress test” report.

PETALING JAYA (Dec 18): The prime office market in Kuala Lumpur is forecast to be weaker for the next 12 months, according to Knight Frank’s Asia Pacific Prime Office Rental Index 3Q17.