Johor office market needs demand drivers

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PETALING JAYA: Unlike the Klang Valley where there is a massive supply of office space, the main issue in Johor is its lack of crucial demand drivers, property consultancies said.

Although office occupancy rate is at between 60% and 70% and Johor Baru city centre’s monthly office rental has been around RM2.50 to RM3.50 per sq ft for many years, real estate professionals remain optimistic.