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Malaysia’s Exchange 106 commands highest office rents in Kuala Lumpur

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Tan Ai Leng

Published Mon, Apr 1, 2024 · 05:00 AM
    • Exchange 106 is the only purpose-built office for leasing and is expected to achieve an occupancy rate of 70 per cent this year, says TRX City CEO Azmar Talib.
    • Exchange 106 is the only purpose-built office for leasing and is expected to achieve an occupancy rate of 70 per cent this year, says TRX City CEO Azmar Talib. PHOTO: REUTERS

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    [KUALA LUMPUR] The second-tallest building in Malaysia – the Exchange 106 skyscraper in the heart of the new Tun Razak Exchange (TRX) financial and business hub – is seeing some sky-high rents these days.

    The asking rent at this 453.6-metre tall skyscraper has gone up to as much as RM13 (S$3.70) per square foot (psf), making it the highest in Kuala Lumpur.

    Exchange 106 – the second-tallest building in the country after the newly opened Merdeka 118 skyscraper – has 92 column-free office floors, with each averaging 34,000 square feet (sq ft).

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