Taipei Office Market Overview - Oct. 2009Vacancy rate has climbed to 11.06% in 3Q 2009; the asking and effective rentals rate fell slightly, to NT$2,002 and NT$1,776/ping/month, respectively. Compared to the effective rentals of NT$1,778/ping/month in 2Q 2009, the fall is by 0.67%, with the negotiating margin surging to 11.28%.
Taipei Office Market Overview - Jul. 2009As expected, rental rates continued their downward trend, accompanied by widening room for price negotiation. Asking and achievable rentals edged down to NT$2,005/ping/month and NT$1,787/ping/month in 2Q2009, respectively, and the room for negotiation climbed further to 10.91%.
Taipei Office Market Overview - Apr. 2009Affected by the worsening economy, the overall vacancy rate edged up to 7.81% in 2009 Q1, with net absorption at -11,000 ping. The achievable rental plummeted to NT$1,799/ping/month, contracting by 2.17% QoQ.
Taipei Office Market Overview - Jan. 2009As the financial turmoil quickly swept the nation in Q4, enterprises ran business difficultly, and further downsized, cut rental budgets, or relocated to outskirts. A climbing vacancy rate and dropping rentals have taken place accordingly, with 7.02% and NT$1,839/ping/month, respectively.
Taipei Office Market Overview - Oct. 2008The total stock remained at 1.406 million pings in 3Q 2008. Due to a large-scale financial institution moving to Taipei county, the overall vacancy rate rose from 6.27% in 2Q 2008 to 6.66% in 3Q 2008. The overall average rent was NT$ 1,852 per ping per month, with a growth of 0.49% QoQ.
Taipei Office Market Overview - Jul. 2008The world started to fall into dual worries of the US economic slowdown and inflation in 2008. The core customer price index pressure on pubic seems to have made Fed with prickles down the back, if there is no significant event, Fed shall not continue to decrease interest rate...
Taipei Office Market Overview - Apr. 2008The launch of Aegon Life Insurance Tower made the total stock up to 1.406 million pings in 1Q 2008. The first quarter, usually viewed as a traditional low season due to the Chinese Lunar New Year holiday, only contributed 1,000 pings of net absorption, and the vacancy rate rose to 6.68%.
Taipei Office Market Overview - Jan. 2008The total inventory reaches up to 1.40 million pings due to the completion of Yuan Da Building, and the annual net absorption of 39,300 pings makes the vacancy rate drop down to 6.19% in Q4. The booming leasing market also stimulate the rental rate grow to NT$1,806/ping/month.
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