09-30-2021, 11:20 AM
Bank Negara: Offices, malls in Malaysia may turn emptier with shift to e-commerce, flexi-work arrangements
![[Image: 20210206AZ6.jpeg]](https://media2.malaymail.com/uploads/articles/2021/2021-02/20210206AZ6.jpeg)
KUALA LUMPUR, Sept 29 — More and more space in Malaysia’s offices and shopping malls may be left unoccupied, while rental prices for such commercial properties may also go down due to the impact of the Covid-19 pandemic, Bank Negara Malaysia (BNM) suggested today.
This would be due to changes such as consumers opting to shop online instead.
In its Financial Stability Review for the first half of 2021, BNM noted that occupancy rates and rental rates for shopping complexes and office space have continued to fall.
“Average rental rates for office and retail space in the Klang Valley have now declined for four consecutive quarters since the third quarter of 2020,” it said in highlighting the continued downward trend since the July to September 2020 period.
This would be due to changes such as consumers opting to shop online instead.
In its Financial Stability Review for the first half of 2021, BNM noted that occupancy rates and rental rates for shopping complexes and office space have continued to fall.
“Average rental rates for office and retail space in the Klang Valley have now declined for four consecutive quarters since the third quarter of 2020,” it said in highlighting the continued downward trend since the July to September 2020 period.
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