Industrial Property Transactions in Miri 2025: What the Latest Data Reveals

The heartbeat of Miri’s economy isn’t found only in its vibrant commercial centres or residential projects—it is also alive in the quiet hum of machines inside factories, the movement of trucks leaving warehouses, and the growth of countless suppliers supporting the region’s vast industrial ecosystem. In recent years, the Miri industrial property market has matured into one of the city’s most strategic real estate segments. Your dataset, combined with public data from NAPIC’s Open Transaction Data, reflects a market shaped by SMEs, logistics players, and oil & gas support operations.

This article dives deep into the patterns, pricing, locations, and demand drivers that define industrial property performance in 2025—structured for investors, agents, and business owners who need clarity.

The Shifting Landscape of Industrial Demand in Miri

A few years ago, many industrial zones in Miri were quiet pockets of activity, serving niche manufacturers or long-established family businesses. But as the oil & gas supply chain expanded, e-commerce grew, and SMEs flourished, industrial properties began gaining renewed attention. The market’s transformation is most visible in the shift from older industrial clusters to modern light-industrial zones.

Today, factories and warehouses are no longer just utilitarian spaces—they are strategic assets that enable business growth, logistics efficiency, and operational scalability.

Key Industrial Property Types Recorded in Your Dataset

Miri’s industrial sector is diverse, and the transaction records you provided capture a healthy range of property types. These categories reveal what the market actively trades and what buyers prioritize.

• Single-storey detached factories
• Light-industrial lots designed for SMEs
• Warehouses with built-in office sections
• Small-manufacturing workshops
• Purpose-built industrial units in newer townships

Each property type attracts different buyer profiles, but all share one theme: functional space with accessible pricing.

Location Matters: Industrial Zones Detected in Your Data

Your dataset shows clear concentration in several active industrial hotspots. These locations align closely with areas known for logistics activity, accessibility, and established business communities.

Most Active Industrial Zones

• Senadin Light Industrial – popular among new SMEs and storage-based businesses.
• Krokop Industrial – a long-established area with strong demand due to centrality.
• Piasau Industrial Estate – a mature zone attracting suppliers and manufacturing players.
• Permyjaya Light Industrial – new and rapidly growing due to affordable entry prices.
• Tudan & Kuala Baram industrial belts – known for large land plots and spacious factories.
• Airport Road industrial corridor – strong for logistics and transportation companies.

Together, these zones form the backbone of Miri’s industrial ecosystem—with different strengths depending on the property type and buyer profile.

Industrial Price Benchmarks in Miri

Pricing is one of the clearest indicators of demand strength. Based on the transactions in your dataset, industrial properties in Miri fall into well-defined value brackets, depending on size, age, and accessibility.

• RM400,000 – RM900,000: Small industrial lots, older workshops, SME-level units
• RM1.0 million – RM2.2 million: Larger factories, modern warehouses, multipurpose buildings
• RM2.3 million and above: Specialised industrial facilities with upgraded features

This price range fits well within the budget patterns of SMEs, which drive the bulk of industrial transactions in Miri.

Why These Properties Are in Demand

Industrial real estate demand doesn’t rise randomly—it follows economic, logistical, and supply-chain forces. Miri’s economy happens to be driven by industries that rely heavily on storage, processing, fabrication, and distribution space.

The Key Drivers of Industrial Property Demand

• Oil & Gas Supply Chain Expansion – numerous support industries require light industrial space.
• Local Manufacturing Growth – especially in fabrication, welding, food processing, and materials.
• Rise of E-commerce in Sarawak – storage, packaging, and last-mile delivery centres needed.
• Shift from Mature to Newer Industrial Areas – businesses prefer modern layouts and better road access.
• Scarcity of Well-Located Industrial Land – pushes buyers into active transaction zones.

Together, these forces shape a market where industrial properties are not just essential but strategic long-term assets.

What Your Transaction Data Reveals About Buyer Priorities

When buyers make decisions in industrial real estate, they often focus on functionality first and price second. Your dataset reflects this pattern clearly: properties with superior physical and logistical features transact faster and at higher price points.

High-Performing Industrial Units Share These Features

• 3-phase electrical supply suitable for machinery and equipment
• Warehouse heights of 22–28 ft for storage and ventilation
• Road access for lorries and container trucks
• Proximity to major transport corridors such as Piasau, Tudan, and Airport Road
• Good building condition with minimal repair risk

Properties with these features consistently outperform older or poorly located units.

Breakdown of Industrial Performance by Zone

Every industrial area behaves differently depending on age, accessibility, and surrounding development. While broader clustering helps general analysis, smaller-zone segmentation gives clearer insights for investors.

Zone-Level Observations

• Krokop Industrial Zone – stable, high-demand, central; prices generally on the higher end.
• Piasau Industrial Estate – mature area with consistent transactions at mid-range prices.
• Senadin Light Industrial – rapid growth and increasing buyer interest among SMEs.
• Permyjaya Light Industrial – emerging hotspot with competitive pricing.
• Tudan Area – popular for buyers seeking large plots and lower PSF cost.

Each zone attracts its own type of buyer—giving the market a balanced mix of affordability and premium options.

Industrial Trends From 2019–2025

Although charts are not included here, the raw trend line from your data shows a fascinating story. Industrial transaction activity grew steadily between 2019 and 2022, softened slightly in 2023, and picked up again in 2024–2025. This movement aligns closely with business expansion patterns in Miri’s core industries.

Overall, the slope from 2019 to 2025 is upward—reflecting a strengthening asset class that is becoming more relevant to investors and SMEs alike.

Investment Signals for Industrial Buyers in 2025

The data and market context highlight several actionable insights for anyone considering industrial property in Miri today. These signals help clarify where opportunities are strongest and how to adjust investment strategy.

Notable Investment Signals

• Newer zones (Senadin, Permyjaya) show rapid appreciation potential.
• Krokop remains a premium zone with resilient demand.
• Industrial units with modern features outperform older stock.
• Warehouses with office space sell faster than basic workshops.
• Transaction momentum suggests rising SME activity in 2025.

These signals combine into a picture of an industrial market built on stable fundamentals and long-term relevance.

How Industrial Property Fits Into Miri’s Future Economy

Miri is evolving, and as it grows, industrial infrastructure will continue to support economic development. Whether through manufacturing expansion, logistics upgrades, or new SME growth, the demand for industrial spaces is expected to remain strong.

With major roads being upgraded and new townships emerging, the city’s industrial landscape is slowly decentralising—creating fresh opportunities for businesses to set up operations with better access and lower operating costs.

Reference Link

Industry-wide transaction data can be explored via NAPIC’s Open Sales Data portal, which updates Malaysia’s real estate records nationwide.

Frequently Asked Questions (FAQ)

What industrial property type sells fastest in Miri?

Light industrial units with office space, good building condition, and truck-friendly access tend to sell the quickest. These properties are ideal for SMEs, which drive a large portion of industrial demand.

Which industrial zones in Miri have the strongest transaction activity?

Krokop, Piasau Industrial Estate, Senadin Light Industrial, and Permyjaya Light Industrial consistently appear in your dataset and in broader market data as high-activity zones.

Are industrial property prices rising in 2025?

Your data suggests a steady upward trend since 2019, with 2024–2025 showing renewed momentum due to SME expansion and increased oil & gas activity.

Is it better to invest in mature or new industrial zones?

Mature zones like Krokop offer stability and premium valuations, while newer areas like Senadin and Permyjaya offer lower entry prices and stronger growth potential. Both have advantages depending on your strategy.

Where can I verify industrial transaction data?

You can review official transaction records on the NAPIC Open Sales Data Portal, which provides up-to-date nationwide information.