KUALA LUMPUR: The influx of multinational companies seeking regional headquarters in Kuala Lumpur is contributing to a more competitive office landscape, according to Knight Frank.
"Despite higher vacancy rates among Asia-Pacific region, KL city continues to show steady signs of improved occupancy rate and rental rates of prime grade buildings from quarter-to-quarter ,” he said. According to the report, 16 out of the 23 monitored cities reported stable or increasing rents year-on-year , up from 15 in 2Q 2024, with rents declining 2.5 per cent y-o-y, an improvement from the 2.8 per cent drop observed in 2Q 2024.
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