UOA REIT expects office rental market to remain challenging

PETALING JAYA: UOA Real Estate Investment Trust (UOA REIT) expects the office rental market to remain challenging, amidst escalating cost of doing business and influx of new office supply.

In a filing with Bursa Malaysia, the company said that while it endeavours to improve the occupancy rates for buildings with higher vacancy rates, it foresees the improvement in rental rates will remain restrained in the near term.