Malaysia: Johor Bahru
Johor Bahru is the capital city of the Malaysia state of Johor. The city sits at the southern tip of Malay Peninsula. It is the second largest city in Malaysia with more than 2.7 million inhabitants including suburbs.
Facts and figures
|Total office stock in sq m / sq f||7,400,000 sq f|
|Total retail stock in sq m / sq f||n/a|
|Total industrial stock in sq m / sq f||n/a|
Johor Bahru is one of the most developed cities in Malaysia. Johor Bahru’s economy is supported by diverse service, manufacturing, construction and agriculture sub sectors. It is also supported by small and medium enterprises and sole proprietors who prefer to operate from shop offices. Johor Bahru has a strong fiscal management and low debt.
In 2018, GDP per capita of Johor Bahru is 35,322 RM. GDP per capita of Johor Bahru increased from 35,322 RM in 2017 to 36,394 RM in 2018 growing at an average annual rate of 5.6%.
Johor Bahru is connected by two bridges with neighboring country Singapore. Many Singapore inhabitants go to Johor Bahru for affordable stuff because many Singaporeans find the city a good place to actually shop. The population growth rate of Johor Bahru is among the highest in Southeast Asia.
Office overview in Johor Bahru
Johor Bahru, Malaysia - office space for rent, lease or sale
The office occupancy rate in Johor Bahru is between 60 to 70%. Johor Bahru has an office supply of 7.4 million sq. ft. Most of Johor Bahru’s offices are located within the city centre and its monthly office rental has been around RM2.5 to RM 3.50 per sq. ft. for many years. With this, real estate professionals remain optimistic despite the city lacking crucial demand drivers.
Johor Bahru offers many options on office buildings for lease, including the following
Retail overview in Johor Bahru
Johor Bahru, Malaysia - retail space for rent, lease or sale
Johor Bahru often attracts foreign retailers. According to Retail Group Malaysia’s Managing Director, Tan Hai Hsin, Johor Bahru is often the starting point for many retailers before they venture to other places in Malaysia. Popular shopping centres in Johor Bahru are City Square Mall, AEON Tebrau City, Sutera Mall, the ZON Mall, Landmark IT mall,
Johor Bahru offers many options on retail buildings for lease, including the following
Industrial overview in Johor Bahru
Johor Bahru, Malaysia - industrial space for rent, lease or sale
Johor Bahru is an important industrial, tourism and commercial hub in Southern Malaysia. The city is also one of the biggest industrial centers in Malaysia.