In 2018, flexible workspace centre supply in Kuala Lumpur grew by 36%, making it the fastest growing key city in the APAC region, outpacing fast-growing markets in Gurugram, Chennai, Brisbane, Hong Kong, Sydney and Singapore.
Research by Instant Offices highlights why Kuala Lumpur remains a dynamic hub of activity for domestic and international markets, despite some of the most expensive markets for office space falling in the Asia-Pacific region
Last year in Kuala Lumpur, supply of hybrid office space increased by 31%, while pure co-working space and serviced offices saw 10% and 7% growth respectively. An average desk rate of RM 886 across the city indicates the strength of the market.
Demand for space in the city continues to rise, and more businesses swap the constraints of traditional offices for flexible workspace and corporates. International firms are also making use of this low-cost, low-risk way of sampling the local market.Number of Flexible Workspace Centres: 112Flexible Office Space in Kuala Lumpur
As reported in the Asia-Pacific Flexible Workspace Report last year, two innovative workspaces had been delivered in Kuala Lumpur for AMEX and IT company Datacom. The managed office solution saw 90,000 sq. ft. of flexible office space being delivered for over 1,100 employees.
In Kuala Lumpur, the government also has plans to use the tech in areas like safety, environment, energy, waste management and more. Outside of China, the region is the first to implement Alibaba's City Brain tech, an AI platform that tracks cameras citywide to monitor traffic control and accidents.
The innovative and collaborative business culture has seen demand for flexible workspace grow in key cities across Malaysia.More Key Areas in Kuala Lumpur for Business Include: