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Article: KL office market looking bright
- Article from:
- New Straits Times
- Article date:
- August 28, 2009
- Author:
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S.C. Cheah
New Straits Times
08-28-2009
KL office market looking bright
Byline: S.C. Cheah
Edition: Main/Lifestyle
Section: Property
Column: Property eyes
WHY are there so many new Grade A office towers being built in Kuala Lumpur? With world economies still trying to recover from the financial tsunami and multinational companies (MNCs) in many countries still downsizing or in "retreat" mode, can demand for office space in the city be on the uptrend?
According to property consultancy Cushman & Wakefield (C&W), rental rates of Grade A office space in the city have risen tremendously over the last five years. Despite heightened economic and political uncertainties, it pointed out that ...
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