Property expert Siva Shanker of Rahim & Co said some firms have cut down their office space by 30% after going hybrid following the pandemic.

But Siva was optimistic about demand for office space, saying high-value locations were still competitive in the market, especially those with access to public transport and shopping malls.

“These are the locations that enjoy very high occupancy rates now, places like Bangsar South, KL Sentral, and Mid Valley,” he said.