Leasing · Commercial · Industrial
Rent commercial & industrial property in Penang
A factory, a shop lot, a warehouse or an office is only worth its rent if it reaches the right tenant — and each of those is a different search. Whether you are a landlord with space to let or a business looking for the right unit, the rent is priced against real comparables and the tenancy is handled through to signing.
What we lease
Factories & warehouses
Detached and semi-detached factories, warehouses and industrial units across Bayan Lepas, Batu Kawan, Prai and the Seberang Perai corridors. Matched on size, power, loading and zoning — the things a real industrial tenant asks about first.
Shop lots & retail
Ground-floor shop lots, retail units and F&B space in George Town and the suburbs. A distinct tenant pool where footfall, frontage and approved use decide the rent.
Office space
Strata and standalone office units, from a single floor to a whole block. Priced on location, fit-out condition and the terms a business tenant actually cares about.
Land & yards
Open industrial land, storage yards and compounds for logistics, container or equipment use. A specialised tenant, reached through the network rather than a portal.
How it works
Priced against real comparables
An honest rent from what comparable units in your area actually lease at — not an aspirational number that leaves the unit empty for months while the market passes it by.
Marketed to the right occupier
A factory tenant, a retailer and an office occupier are three different searches. The unit is put in front of the pool that actually rents it, not just listed and left.
Terms handled properly
Rent-free fitting period, reinstatement, renewal option, and who bears assessment and quit rent — the terms that decide whether a lease is good for you are negotiated, not glossed over.
Both sides of the deal
Landlords with space to let and businesses looking for the right unit — working both sides is what matches the right tenant to the right space quickly.
What decides a good commercial lease
Residential rent is mostly about the unit. A commercial or industrial lease is about the fit between the space and the business: the zoning and approved use have to match, the power supply and floor loading have to suit an industrial fit-out, and the terms — a rent-free fitting period, reinstatement at the end, a renewal option, and who bears assessment and quit rent — decide whether the headline rent is actually a good deal.
Those are the things worth getting right before signing, not after. That is the job — whether you are letting the space or taking it.
Common questions
How do I rent out my commercial or industrial property in Penang?
Engage a licensed agent to price the rent against real comparables in your area, market it to the right occupier pool, and handle viewings, offer terms and the tenancy agreement through to a signed lease. Factories, warehouses, shop lots and offices each have a different tenant, so the marketing has to be matched to the asset — a bare portal listing rarely reaches a serious industrial tenant.
How much does an agent charge to lease a commercial property?
For a standard tenancy the professional fee is typically around one month of rent for a one-year term, scaling with the length of the lease, and it is negotiable and agreed upfront before anything is marketed. Commercial and industrial leases vary more than residential — a long factory lease is structured differently from a one-year shop lot — so the exact fee is confirmed against the specific deal.
What commercial and industrial space can you help me rent?
Factories and warehouses across Bayan Lepas, Batu Kawan, Prai and the Seberang Perai industrial corridors; shop lots and retail units in George Town and the suburbs; and office space. Whether you are a landlord with a unit to lease out or a business looking for space, both sides are handled.
What should I check before signing a commercial tenancy in Penang?
The zoning and approved use must match your business, the power supply and floor loading must suit an industrial fit-out, and the tenancy terms — rent-free fitting period, reinstatement, renewal option and who bears assessment and quit rent — should be clear before signing. A licensed agent flags these before you commit, not after.
Looking to sell instead of lease? See selling commercial & industrial property. Renting out a home rather than a commercial unit? Residential rental & management. Weighing the return on an investment unit? Try the rental yield calculator.
Leasing
Letting space, or looking for it?
Tell me the type of space and the area, and I'll come back with a realistic read and the next step — whether you are the landlord or the tenant.