This quarter, grade A office rents were stable in most districts. The citywide average rent kept NT$2,310 (US$77) per ping per month. The citywide vacancy rate decreased 0.5 percentage points to 8.7%.
There was 4,000 ping of new supply in Juizhong Section of Neihu Technology Park (NHTP) this quarter. Despite continued take-up, a large amount of unoccupied office space remains and the overall vacancy rate rose to 18.76%. The take-up of Tai Lian Tele-Communicate Building in Xihu Section by Qilu Technology Park was the largest Mainland enterprise rental deal in NHTP in recent years, resulting in the vacancy rate declining to 3.76% in Xihu Section.
The investment volume (excluding land transactions) totalled NT$7.49 billion (US$ 255.55mn) in Q1 2014, plunging 57.96% from the previous quarter.
Source : DTZ (Groupe UGL)