Factory space rentals seen retreating in some Klang Valley areas

PETALING JAYA: Factory space in selected areas within the Klang Valley could see a drop in rates, as lot owners struggle to find tenants, given the current market situation.

“We’ve had two large factory lots in Puchong, over 100,000 square feet, which have been vacant for over a year. The landlords are now dropping the prices,” said Midas Properties negotiator Justin Tia.