Office rental rates in KL city centre fall on oversupply

Knight Frank Malaysia executive director of corporate services Teh Young Khean said office rental rates in KL city remained “under pressure”, with property owners competing to attract new occupiers and retain existing tenants.

PETALING JAYA: Office rental rates in the Kuala Lumpur city centre fell 0.2% in the second quarter of the year due to oversupply and difficulty in attracting new tenants, according to Knight Frank’s Asia-Pacific prime office rental index.

KL is one of the 20 cities tracked by the index.