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Property Times

Taipei : Transaction volume for commercial property dips - Q1 2014

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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)

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Keywords : DTZ