KL Sentral Office Rental - How Much Should You Pay?

KL Sentral office rental is relatively higher compared to the rental of its peer in the neighboring locations (except KL City Centre). One can see a brief summary of rental comparison between KL Sentral with its neighbors in the table below.  However, at times, we are still able to find a good deal (sometimes below market values) for companies who are looking for a KL Sentral office for rent. We work diligently to bring the best deal on table and ensure that you do not overpay for a KL Sentral office. Want to know how we can assist you? Contact us. Call: (+6)016-2126193 or email:  info@klsentralofficespace.com.my

The rental gap between KL Sentral and its neighbors is totally understandable given that KL Sentral is the largest and the only transit hub which has almost everything you require for an office.  It is the only place where its offices are connected to all the public transportation i.e. monorail, LRT, KTM, MRT, taxis and buses. In addition to that, KL Sentral is a MSC Cybercentre/ Cybercity which offers cutting edge technology facilities and infrastructure. The amenities here are abundant and within easy reach. There are five-star hotels, serviced residences, shopping mall, banks, restaurants, cafes, etc.  To get a KL Sentral office for rent within shortest time possible, call us NOW at (+6)016-2126193 or email:  info@klsentralofficespace.com.my

KL Sentral office rental is not only affected by what it has to offer, but also other factors like below.

1. Market Condition and Demand

 When the economy is booming, the business demand for office is generally higher. Companies may have more fund allocation for office space. This will drive up the rental of the office in KL Sentral as that means more companies can afford to pay higher rental and have their offices in KL Sentral. Likewise, the rental will be driven down when the economy is less favourable and companies are more cautious in their spending. Rental demand in such condition will be lower resulting in lower rental in the market.

2. Supply and Competition

KL Sentral office rental is affected by supply of office, not only in KL Sentral itself, but its neighbouring areas especially Mid Valley, KL Eco City and Bangsar South. It is very common to see a slight drop in the rental when a new office building is completed and made available for rent in these few locations. The reason is simple – more office units emerge in the market means more choices for the tenants/ buyers and hence, less demand and that results in lower rental.

3. Availability of Parking Facilities

 Parking facility has always been a major concern for office tenants. This issue is especially real for big organisations which have hundreds of management team members and staff who needs parking space. While having one of the best public transportation connections in the vicinity, KL Sentral is not as competitive as its peers when it comes to parking facility availability. The parking space allocated is limited and each comes with high parking fees, sometimes double or tripled the rate one can find in the nearby office buildings. The parking issue is what usually drives away most of the prospects tenants and hence, affect the rental rate of the area.

4. Others Factors within the Office – Size, View, Level, Condition

An office’s rental rate is affected by its size, view, level and condition.

Due to economy of scale, generally, tenants who take up a large office space may be able to enjoy better rental rate (per square foot basis) compared to tenants who rent only a small space.

Offices located at higher floor or enjoy better view will generally command higher rental compared to others.

An office which are new, fully renovated or comes with some furniture may be able to fetch higher rental compared to those which are unfurnished or bare.

KL Sentral office rental could be high or low depending on various factors. We work diligently to bring you the most ideal office at best price and shortest time possible. Work with us to find the right office in KL Sentral. Our services and advice is FREE. Call us NOW at (+6)016-2126193 or email:  info@klsentralofficespace.com.my