Office space take-up rate drops with O&G downturn


JONES Lang Wootton’s in-house research indicates that the annual net office take-up in the Klang Valley in 2016 and 2017 was 1.25 million sq ft and 0.57million sq ft respectively.

These figures are relatively low compared with a very healthy market when the net take-up can be in excess of 3.5 million sq ft per annum.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Related stories:

Leasing challenge for TRX

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , property

   

Next In Business News

Asian stocks waver, rattled by South Korean political tremors
StanChart sets US$200bil new wealth assets target, focuses on Chinese and Indian wealthy
Perodua set to produce 500 units of eMO-II monthly, aims for cheapest EV
Malaysian investors keeping close watch on South Korea's political uncertainty - analyst
Oil prices edge up on geopolitical tensions, Opec+ supply plans
Teleport projects record RM1bil revenue in 2024, achieving 50% growth
KLIA tops global airport rankings for service quality
KLCI rises for second day, glove stocks rally
Asia Digital Engineering eyes US market with FAA approval in sight - CEO Mahesh
China's services activity expansion eases in Nov, Caixin PMI shows

Others Also Read