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Kuala Lumpur MarketBeat Reports

1/3/2023
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: The market witnessed a slightly decrease in overall vacancy rate in Greater KL this quarter to 30.16% from 30.61% in the previous quarter due to delayed in target completion of the upcoming large supply office buildings. However, entering 2023, the upcoming completion will pushed the overall vacancy rate in KL CBD and fringe to increase in a range of 2 to 3%. 

Retail: Political and economic uncertainties, continuous rise in the OPR and looming threat of global recession are the leading reasons of the less promising outlook in retail market entering 2023. This is detrimental to our efforts to build a strong retail sector that serves as one of the pillars of our economy, as well as to growth and recovery.

Industrial: Industrial market in Greater Kuala Lumpur and Malaysia as a whole is seen moderate movement in the fourth quarter (Q4 2022) and there will be more notable slowdown in the first half of 2023. 

 

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

CURRENT MARKETBEAT REPORTS

Office Buildings CBD
Office MarketBeat

The average asking rent as at Q4 2022 increase slightly to RM5.96 per sf per month but still representing a negative 0.95% y-o-y after a huge decrease in the previous quarter due to rising in operation cost.

CLICK HERE TO DOWNLOAD THE REPORT

Warehouse Internal Rack
Industrial MarketBeat

The detached factories and warehouses in Petaling Jaya still continues to dominate with highest rental rates, ranging from RM2.50 per sq.ft - RM4.20 per sq.ft per month.

CLICK HERE TO DOWNLOAD THE REPORT

Shopping Retail
Retail MarketBeat

The overall average vacancy rate continued to decline to 21.23% in Q4 2022 compared to previous quarter.

Click here to download the report

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