Interventions needed to jump-start office market

Incoming space: The Exchange 106 was awarded the certificate of completion and compliance for the lower zone of the building in the third quarter.

PETALING JAYA: Timely and appropriate interventions are needed to jump-start the current office market, as global uncertainties, compounded by a supply glut, are expected to hit the sector in 2020.

Knight Frank Malaysia corporate services executive director Teh Young Khean said Kuala Lumpur city centre’s office market remained competitive amid high impending supply, with landlords continuing to offer attractive leasing packages to secure new occupiers and retain existing tenants.