MOST-SEARCHED COMMERCIAL AREAS
The most popular search areas for commercial property in Malaysia are generally the major cities and business hubs, such as Kuala Lumpur, Selangor, Penang, Johor Bahru, and Kota Kinabalu. Within these areas, some of the most sought-after locations include:
- Kuala Lumpur City Centre (KLCC) – This is the heart of Kuala Lumpur and home to many of the city’s major businesses, financial institutions, and government offices.
- Petaling Jaya – Located in Selangor, this area is a popular commercial and residential hub with a variety of amenities and easy access to transportation.
- Georgetown, Penang – This historic city is a popular tourist destination and also home to many businesses, particularly in the service sector.
- Johor Bahru City Centre – This southern city is rapidly developing and has become a hub for logistics, manufacturing, and other industries.
- Kota Kinabalu City Centre – This coastal city in Sabah is also experiencing growth and development, with many commercial opportunities in the tourism, retail, and services sectors.
MOST POPULAR COMMERCIAL PROPERTY TYPES
Meanwhile, within these most-searched commercial areas of Malaysia, the types of commercial property that are most in demand depend on the location and the specific needs of the business. However, it is generally agreed that the most popular types of commercial property in these areas include:
Office Space
Commercial offices the most common type of commercial property in Malaysia, and it is in high demand in areas such as KLCC and Petaling Jaya. These areas are home to many of the country’s major businesses, and office space is needed to accommodate the growing workforce. Nowadays, Green Building Index certified offices are in better demand than regular offices.
Retail Space
In areas such as Georgetown and Kota Kinabalu, retail space is in high demand due to the strong tourism industry and growing consumer market. Shopping malls, high street shops, and standalone stores are popular options for businesses looking to set up shop.
Industrial Property
In areas such as Johor Bahru and Selangor, industrial space is in high demand due to the growing manufacturing and logistics industries. Warehouses, factories, and distribution centers are popular options for businesses looking for space in these areas.
Mixed-use Developments
In many areas, mixed-use developments that combine commercial, residential, and retail space are becoming increasingly popular. These developments offer a range of amenities and are attractive to businesses looking for a convenient location with easy access to housing and entertainment options.
Transit-oriented Developments (TOD)
This type of project is is a planning strategy that focuses on creating compact, mixed-use, pedestrian-friendly communities centered around public transport stations. TODs typically involve the development of high-density residential and commercial areas attached to, or within walking distance of, a transit station or corridor. This may include the creation of new housing, offices, retail, and entertainment options. The goal is to encourage people to rely less on cars and more on public transportation, cycling, and walking for their daily transportation needs.
Ultimately, the most sought-after types of commercial property in Malaysia depend on a variety of factors, including the location, industry, and specific needs of the business. It’s always a good idea to work with a real estate agent or other professional to identify the best options for a particular business. Once you’ve decided on the type of commercial property in a specific area, it’s time to visit property portals like Estate123.my to find your ideal property for sale or rent!
