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Taipei : Multi-sector Snapshot - Q1 2016

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Multi-sector Snapshot - Q1 2016

This quarter, grade A office rental remained basically stable across most buildings surveyed. The citywide average rent remained at NT$2,510 (US$78.19) per ping per month, the same as in the previous quarter but a 1.3% improvement y-o-y. In the quarter, leasing activity remained steady and the citywide vacancy rate decreased 0.4 percentage points to 12.2% with take-up at about 2,500 ping. Owing to less vacant land being available for development, grade A office supply will be massively exploited by the urban renewal and state-owned superficies rights deals.

Source : Cushman & Wakefield

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