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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: