ASIA PACIFIC OUTLOOK 2025

KUALA LUMPUR

RENT GROWTH

Office rents are forecast to grow 1% y-o-y in 2025, with continued demand for premium and sustainable office space.

-2.0% -1.5% -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0%

6.95

FORECAST

6.90

Office rents may dip slightly in 2026 due to an influx of new supply.

6.85

6.80

Rent growth is expected to return to positive territory in 2027 at 0.3%.

6.75

6.70

6.65

6.60

6.55

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

MYR/SQFT/MO

Rent growth (%)

RENT (MYR/SF/YR) AND RENT GROWTH (% PER ANNUM)

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield