Office: The demand for top tier office spaces remains high, with vacancy rates decreasing and rental rates improving due to a trend among tenants seeking higher-quality spaces. As a result, rents for green certified office buildings have been rising more rapidly than the general market.
Retail: Malaysia's wholesale and retail trade grew by 5.2%, reflecting a dynamic and progressive domestic economy. This growth is driven by a 7.1% rise in the retail trade sector, amounting to an increase of RM4.2 billion, bringing the total to RM62.8 billion.
Industrial: The Industrial Production Index (IPI) rose by 2.4% year-on-year (y-o-y) in March 2024, driven by expansion across all sectors. The increase was led by the manufacturing sector, which grew by 1.3%, up from 1.2% in February 2024.
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