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.
Taipei Office Market Overview - Oct. 2007Stable demand continued in 2007 Q3 with vacancy rate dropping to 6.55% and rental rate climbing to NT$1,801/ping/month. Leasing markets in Hsin Yi district and Premium Grade offices are the most booming ones.
Taipei Office Market Overview - Jul. 2007The demand of office space continued to increase with net absorption at 11,000 pings in 2007 Q2. To analyze by district and grade, Hsin Yi district and Premium grade office buildings both experienced better performance this quarter.
Taipei Office Market Overview - Apr. 2007Demand remained stable with Hsin-Yi district taking up the largest absorption. The vacancy rate dropped and rents have improved continuously. Except for grade B office buildings, net absorption of Premium grade, grade A, and grade AB all improved. MS-TN district had the highest rents.
Taipei Office Market Overview - Jan. 2007There is no significant new supply in the leasing market, meaning the existing inventory was continuously absorbed in 2006. The Hsin-Yi district and Premium Grade office buildings take up the largest portion of absorption. Following decreasing vacancy rates, rents have increased continuously.
Taipei Office Market Overview - Oct. 2006The supply, demand, overall vacancy rate, rents, and the room for negotiation are all in the moderate growth stage now. It is expected that Taipei’s office market and the Neihu Technology Park market will have a stable improvement in the future.
Taipei Office Market Overview - July. 2006Taipei office market saw no new supply in 2Q06. Vacancy dropped whilst rental remained firm. That the room for rental negotiation continued to narrow indicates the office market may improve further.
Taipei Office Market Overview - April. 2006Citywide, Q1’s average asking rental stood at NTD 1,970 per ping, compared to last quarter’ NTD 1,975. By contrast to the asking rental, average effective rental edged up marginally to this quarter’s NTD 1,751 per ping and vacancy rate also rose to 9.63%.
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