Malaysia’s prime office market stays resilient amid regional headwinds

Quick Summary:

KUALA LUMPUR: The Asia-Pacific office market encountered significant challenges in 2024, with prime office rents declining by 1.6% for the year—an improvement from the 2.4% drop recorded in 2023.

The flight-to-quality trend saw corporate tenants prioritising office spaces with superior amenities and sustainability features, helping to stabilise occupancy levels despite an overall subdued rental environment.

Looking ahead, Malaysia’s office market will continue to evolve in response to changing occupier needs and broader economic trends.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaJapan

Topics: Sustainability Kuala Lumpur Overhang Rental Office Market ESG Asia Pacific Property /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 11:05:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 544 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 26064291

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 30 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 7 hours ago

Coverage Areas: Malaysia

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Publisher ID: #22

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