Office space still in high demand

“In fact, we are of the view that the office segment will benefit from the change in the working environment (amid) Covid-19, particularly with physical distancing that requires at least 1.8-metre distancing," UOB Kay Hian said.

PETALING JAYA: Despite the work-from-home or alternate work-at-office arrangements by many companies, selected office real estate investment trusts (REITs) are set to benefit from a higher demand for space due to the need for physical distancing in the “new normal”.

UOB Kay Hian said it does not foresee office sizes being scaled down in the future, although there is an oversupply now.