KUALA LUMPUR: High-rise industrial developments could become a more established feature of Malaysia's industrial property market, as land scarcity in established locations drives demand for multi-storey industrial units.
JLL Malaysia industrial and logistics representative Derek Yap said the concept, which is already common in land-scarce markets such as Singapore, had shown encouraging demand in locations such as Petaling Jaya and Bukit Raja.
He cited a multi-storey strata industrial development in Kota Damansara as an example, saying the project had performed well.
More similar developments are expected to enter the market over the next two years.
