Office space supply to surge

TheStar Sat, Jan 01, 2022 09:51am - 2 years View Original


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PHYSICAL office space literally took a step back over the last couple of years, as working from home (WFH) became the new norm amidst the pandemic.

However, as people around the world started getting used to life with Covid-19, the importance of having an office has become a hot debate.

Savills Malaysia, in its spotlight on Kuala Lumpur office space for the second half of 2021, says supply is expected to surge in the next two years.

“Expected new office completions in Greater Kuala Lumpur will amount to 9.9 million sq ft by 2023, representing a further supply growth of 7% from existing levels, of which Kuala Lumpur accounts for 84% or approximately 8.3 million sq ft.”

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Comments

Nadarajah Mohan
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wonder what's would be the intrinsic value of the latest tallest building in Asia! Another mercu tangga kejayaan kerejaan Bolehland!!!....oops I forget, they can still put the squeeze on PNB, Petronas and Khazana to keep up the pretence.

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