Malaysia

How to Navigate the Office Rental Market in Malaysia

As eagle-eyed business leaders will know, the world is changing. Former super cities like New York, Sydney, Tokyo, and London are making way for the up and comers. Currently, Southeast Asia the most exciting place on the map for entrepreneurs. The continent is a vastly diverse array of cultures, religions, and traditions.

It is this variability that makes it such a great place to do business. Malaysia is almost like a microcosm of the continent. With 134 living languages, it is a melting pot of ideas. It also a convenient gateway to the rest of Asia, as it has excellent trade links and accommodating tax policies. Finally, Malaysia is home to some highly desirable office rental opportunities.

If you’re interested in relocating or launching here, the best place to start is lively Kuala Lumpur. There are scores of flexible renting options in the capital city. Visit www.servcorp.com/my to check out some of the best.

Finding a Home for Your Brand

Ultimately, the goal should be to find an office space that matches your brand values. Environment is very important for businesses. Where you work says a lot about how you view the company and what others should think of it too. Therefore, it needs to be a good fit.

Investors, suppliers, and customers will equate your office base (and its neighbourhood) with its degree of value. So, it’s worth spending a little more to bag a spot in a prestigious place, such as in the central business district.

Flexible Rates and Features

Serviced leases, for instance, allow small businesses the chance to operate in respected locations. This is possible because they provide highly flexible terms. Not only that, but most come fully furnished as well. Serviced tenants are encouraged to shape and refine their leasing package.

For example, if you move into a serviced facility and the space is a little too small or large, you could, feasibly, request a relocation. Serviced offices are all about helping the tenant get maximum value for their money. It’s why these providers really want businesses to be vocal about their needs.

The majority offer open-ended rolling contracts. It means, if you decide to leave or change the terms, there are no penalty fees. This is similar to virtual offices, which provide many of the same resources but do not require payment for a full-time, private space.

Opportunities to Connect

Whether you’re launching in Singapore, Shanghai, or Sydney, making your mark in a new community is touch. It will take some time to get used to the different ways of speaking, negotiating, and recruiting, particularly in a country like Malaysia.

Fortunately, the number of English speakers here is very high. This will make it easier to connect with people and start building relationships. Though, if you plan to be in the country for a while, it won’t hurt to learn the lingo. Investors love it when businesses fully immerse themselves in the local culture.

The Quick Way to Find a Top Office in Kuala Lumpur

Start your search in the busiest, liveliest spots in town. For instance, some of the finest serviced offices in the city can be found in the Ilham Tower, the Menara Citibank, and similar locations. When you’ve found a premium provider, don’t forget to arrange a guided tour.

There is no better way to get a feel for the mood in the building and the kind of values the vendor is trying to espouse. This is important because you need an environment that says positive things about your brand. Talk to current tenants, if possible, and check out conference rooms and coworking areas.

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *