Office: In Malaysia, demand for office spaces following Environmental, Social, and Governance (ESG) principles is rising as more occupiers, especially MNCs, seek to enhance their image and attract investors. These occupiers now expect landlords to share their plans for ESG compliance during office space sourcing.
Retail: The economic pressures are predicted to result in reduced sales growth across various retail segments, as consumers prioritize essentials and limit discretionary spending. However, the food and beverage sector may prove more resilient due to its essential nature, allowing it to maintain steady demand.
Industrial: In an effort to capture logistics demand due to changes in global supply chains, Malaysia is set to construct a new port near Kuala Lumpur located in Port Dickson, Negeri Sembilan featuring 1.8-km jetty, terminal and container operation area along 8.71 mil sf.
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