Knight Frank Malaysia's executive director of capital markets and industrial Allan Sim said growth in the logistics sector is supported by more new requirements and space expansion from ecommerce players as well as last-mile logistics service providers.
“The accelerated shift from traditional retail to online order fulfilment will continue to generate strong demand to propel sustainable growth into the future. The report, which feature the findings of the property market performance across Klang Valley, Penang, Johor Bahru and Kota Kinabalu show that stakeholders in the industrial property segment are expected to practise more caution in formulating their plans as they navigate through a difficult Covid-19 ravaged operating environment.
“The state government aims to promote its global business services and to continue expanding its industrial land bank following the encouraging take-up at the Batu Kawan Industrial Park. “This increases the demand for industrial properties where some may consider shifting to smaller shop fronts or moving towards the digital platforms.
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