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Landlords are seeing a flight to quality as multinational companies (MNCs) and local corporations take advantage of the availability of better grade office space at competitive rates and attractive tenancy terms, said Knight Frank Malaysia executive director (corporate services) Teh Young Khean.
PETALING JAYA: The Kuala Lumpur and Selangor office market remained subdued in the third quarter of 2018, as rental growth prospects continued to be challenging. Knight Frank Malaysia said rental growth is still slow amidst rising trade tensions.
Singapore’s office landlords are among the world’s most luckless right now, and they have builders to blame. The market already has an empty feel to it, and as developers add more space in a slowing economy, property owners’ misery could keep compounding.
PETALING JAYA: Several property professionals polled are sounding warning bells about the high volume of prime office space in the Klang Valley and its coming supply in the next couple of years.
PETALING JAYA: The vast incoming supply of office space in the Klang Valley, amid the tight leasing market, is expected to increase pressure on occupancy and rental levels.
LONDON: Modern office buildings are all the rage in central London, with a swath of companies including UBS Group AG moving into new premises in the last 12 months. The problem for landlords is finding someone to replace them.
NEW YORK: A shareholder in OfficeMax Inc sued the directors of the company on Thursday, seeking to block its acquisition by larger rival Office Depot Inc , calling the proposed $1.2 billion all-stock deal "grossly inadequate".