It's not isolated to UOA - the whole KL office market is in a classic downswing. Vacancy rates are at 15-year highs as a result of overbuilding, with more supply coming over the next few years, and demand is subdued as oil/gas sector has been hit hard. Face rents are always slow to go down, but net effective rents fall quickly as incentives spike because landlords fight to keep existing tenants or backfill vacancies.
All the agencies are more or less saying the same thing:
https://www.google.com.au/url?sa=t&...ggeMAE&usg=AFQjCNETxzPvxEndaXy_qy38S5eXqNDqag
https://www.google.com.au/url?sa=t&...gg1MAY&usg=AFQjCNGGKrg5vrHQT97MD4seUFFTJecHlg
It's not isolated to UOA - the whole KL office market is in a...
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56.5¢ |
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Mkt cap ! $188.4M | |||
| Open | High | Low | Value | Volume |
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| 57.0¢ | 39582 | 3 |
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