# Kuala Lumpur sees nearly 3m sq ft of new Grade A warehouse space

- **Source:** Real Estate Asia
- **Published:** 2026-08-21T01:09:18.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/industrial/news/kuala-lumpur-sees-nearly-3m-sq-ft-new-grade-warehouse-space
- **Topics:** Commercial & Industrial, Regional Markets

## Featured rationale

The large vacancy overhang may temper near-term absorption, while strong demand for modern facilities could preserve premium rents and intensify pressure on older warehouses.

## AI summary

The Shah Alam International Logistics Hub added 2.8 million sq ft of Grade A warehouse space in Q2 2026, with 60-70% remaining vacant.

## Original article

Total market stock now stands at 39.58 million sq ft.

Kuala Lumpur's warehouse market remained resilient in the second quarter of 2026 as occupiers continued to favour modern, well-located facilities, although a large new supply addition is testing the market's ability to absorb space, according to JLL.

JLL said leasing activity rebounded following the Chinese New Year and Hari Raya periods, with demand particularly evident from the electrical and electronics, medical, automotive and fast-moving consumer goods sectors. Leasing momentum was concentrated in Grade A facilities, as occupiers prioritised modern specifications and strategic locations.

The completion of the Shah Alam International Logistics Hub in Q2 added 2.8 million sq ft of Grade A warehouse space, taking total market stock to 39.58 million sq ft. JLL said 60-70% of the new space remained vacant as leasing negotiations continued.

However, the performance of other new developments demonstrated the strength of demand for quality space. Daiwa House Phase 3 reached 70% occupancy within three months of completion, according to JLL. The broader market vacancy rate nevertheless increased to 9.9%.

Gross rents stood at MYR 2.19 per sq ft per month, up 0.6% year-on-year. JLL attributed the rental growth to premium pricing at newly completed projects and step-rent adjustments by REIT-owned properties as leases expired.

The market is increasingly bifurcated by asset quality, JLL said. Older facilities have responded to competition by offering longer rent-free periods and additional services to retain occupiers, while newer Grade A assets have been able to command premium pricing.

The pipeline is also becoming more technology-intensive. JLL highlighted IJM's Storio Logistics at Elmina, which is scheduled for completion at year-end and will incorporate automated storage and retrieval systems with 100,000 pallet positions and automated guided vehicles.

JLL said the growing adoption of automation reflects a broader shift towards high-specification facilities. At the same time, reductions in government petrol subsidies have introduced uncertainty over construction costs and development feasibility, making cost pressures a key issue for the market's future pipeline.

## Chinese translation

> Translation model: openai_codex_cli

### 吉隆坡新增近300万平方英尺A级仓储空间

2026年第二季度，吉隆坡仓储市场保持韧性，租户继续偏好现代化、位置优越的设施，尽管一项大规模新增供应正在

市场总存量目前为3,958万平方英尺。

根据JLL的数据，2026年第二季度，吉隆坡仓储市场保持韧性，租户继续偏好现代化、位置优越的设施，尽管一项大规模新增供应正在考验市场吸纳空间的能力。

JLL表示，在农历新年和Hari Raya假期后，租赁活动回升，电气与电子、医疗、汽车以及快速消费品行业的需求尤为明显。租赁势头集中在A级设施，因为租户优先考虑现代化规格和战略位置。

Shah Alam International Logistics Hub在第二季度竣工，新增280万平方英尺A级仓储空间，使市场总存量达到3,958万平方英尺。JLL表示，随着租赁谈判持续进行，新增空间中60-70%仍为空置。

不过，其他新开发项目的表现显示了市场对优质空间的强劲需求。根据JLL的数据，Daiwa House Phase 3在竣工后三个月内达到70%的入住率。尽管如此，整体市场空置率仍升至9.9%。

总租金为每月每平方英尺MYR 2.19，同比上涨0.6%。JLL将租金增长归因于新竣工项目的溢价定价，以及REIT持有物业在租约到期时进行的阶梯租金调整。

JLL表示，市场正日益按资产质量分化。较旧设施通过提供更长免租期和额外服务来应对竞争，以留住租户，而较新的A级资产则能够收取溢价租金。

供应管线也正变得更加技术密集。JLL重点提到IJM位于Elmina的Storio Logistics，该项目计划于年底竣工，并将配备自动化仓储与检索系统，拥有100,000个托盘位和自动导引车辆。

JLL表示，自动化采用率上升反映出向高规格设施转型的更广泛趋势。与此同时，政府汽油补贴削减给建筑成本和开发可行性带来不确定性，使成本压力成为市场未来供应管线的关键问题。