Modest office market recovery expected


THE Klang Valley office market is anticipated to remain stable with modest recovery this year, underpinned by sustained demand for office spaces from various sectors such as technology, finance and professional services.

Knight Frank, in its “Real Estate Highlights” report for the second half of 2023 (2H23), says demand for office space will be driven by the “flight-to-quality” trend and growing awareness of environmental, social and governance (ESG) factors.

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