Property Insights

KUALA LUMPUR MARKETBEAT REPORTS

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: Despite encountering the Covid-19 pandemic and natural disasters simultaneously, all states have transitioned to Phase 4 of the National Recovery Plan allowing more economic activities resumed their operations. Overall, Malaysia’s economic performance in 2021 showed a recovery momentum with the growth of 3.1% as compared to a decline of 5.6% in 2020. Malaysia’s GDP growth in the fourth quarter of 2021 rebounded 3.6% while the quarter-on-quarter seasonally adjusted GDP turned around 6.6% in tandem with sturdy growth of Exports and Imports. The economic performance is still below its pre-pandemic level in 2019 but surpassed the level of fourth quarter of 2019 by 0.01% attributed by the strong growth in Manufacturing sector (Q4 2021: 9.1%) and Services sector (Q4 2021: 3.2%).

Learn more by clicking our most recent Kuala Lumpur MarketBeat report below.

KUALA LUMPUR OFFICE MARKETBEAT Q1 2022

In light of the on-going pandemic, more companies are adopting and embracing the hybrid working model and increasingly interested in remote and co-working space. With increased demands for affordable and flexible workplace, whether for start-ups or more established business, new co-working spaces in Fringe and Decentrlaised will still be in demand.

Towards the end of Q1 2022, majority landlords in KL CBD area are still quoting high asking rents despite its occupancy rates being under pressure owing to demand is focus mainly on KL Fringe and decentralized areas. Thus, landlords are expected to provide competitive offerings in order to attract / retain the tenants and new occupiers.