buildings. The net take-up in 2006 was 71,000 sq ft (6,600 m). The housing facility availability in the area is another draw. The lists of A-grade tenants relocating here is growing, due possibly to the easier traffic flow (helped by the upgrading of the Sprint Highway), competitive rentals and accessibility between KL, Petaling Jaya and other suburbs. Fortune 500 firms such as Caltex, Hewlett-Packard, Siemens, Ogilvy and Shell all have their operational bases in Damansara Heights.
The office market in the Klang Valley totals 70,000,000 sq ft (6,500,000 m) and this is dominated by city-located projects (65%), Damansara Heights (7.5%), Bangsar/Pantai (6.4%), Petaling Jaya (9.5%) and others. Based on government-sourced data, Damansara Heights will see another 500,000 sq ft (46,000 m) in the near future. These will be Grade A and B buildings and with demand tightening in the area, we see the additional space being absorbed quite easily.
Damansara Heights is limited by its small size of available commercial land and redevelopment is currently on hold. It is indicated by the demolishing of Wisma Socfin on Jalan Semantan for the construction of UOA II Damansara, along with several other buildings nearby. Increasing efficiency of newer buildings and more modern designs are the driving forces behind this trend. There are now redevelopment plans for some office buildings in the area, such as Banguan SPPK and Wisma Damansara. Wisma Beringin is undergoing refurbishment
