Malaysia’s office market to slow down for the next three years
Malaysia’s office market is forecasted to be slower in the next three years as companies are readjusting their short-term plans, according to Knight Frank Malaysia’s Teh Young Khean.
Teh, the company’s executive director of corporate services, stated that this will depend on the type of industry. E-commerce, hygiene and healthcare, technology, and outsourcing sectors are currently active and more take-ups in the office market will be coming from these sectors.
He also added, “Despite the current market condition in Malaysia, we have also seen an increase in inquiries on workplace consultancy from organizations to assist in developing strategies for future workplace arrangements.
Businesses in Malaysia usually look for amenities such as the building’s safety and security features, nearby facilities, and available wellness programs for the well-being of their employees.
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