Office: The recent completion of a few office buildings has pushed the overall vacancy rate in KL CBD and fringe to increase in a range of 2 to 3%, and is expected to continue increase by next year with more developments scheduled for completion, mainly impacted old buildings. The situation will worsen as ageing buildings are unable to provide the latest office requirements such as availability of high-speed internet, environment friendly features, poor ventilation and lighting.
Retail: Pent-up demand, favourable fiscal incentives, significant rise in consumer spending as well as macroeconomic conditions are expected to drive retail trade performances toward the end of 2022. Most restaurants are packed as well as the increasing in shopping mall foot traffic showcasing that retail sector is on the right path of recovery.
Industrial: In contrast to other sectors that are currently in recovery mode, the industrial real estate sector continues to thrive despite mounting inflation concerns. The industrial sector has demonstrated consistent growth over the course of the past few years due to the increased penetration rates of e-commerce.
Learn more by clicking our most recent Kuala Lumpur MarketBeat reports below.