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1Q 2020 | Taiwan | Office

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Office Quarterly Report

LIMITED COVID IMPACT SO FAR: Leasing activity is expected to slow in Q2, and occupiers may have the opportunity for favourable terms.

Impact from COVID-19 on key indicators was not yet apparent in Q1, as vacancy fell further to 3.9%. As more occupiers delay expansion and relocation, we expect lease renewals to become the preferred strategy.
The Taiwanese government also allowed insurance company landlords to have a flexibility on the minimum yield requirement for income-producing properties. We encourage landlords to offer flexible rental terms i.e. rent relief or deferred payments, to maintain high occupancy levels. 
We also encourage occupiers to consider the coming quarter an excellent opportunity to lock in favourable rates, and to adopt new technologies such as cloud-based systems, split offices and more flexible working arrangements.

Office Quarterly Report

1Q 2020 | Taiwan | Office

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Eilleen Liang

Director

Research

Taipei

Eilleen mainly works in partnership with different service professionals to provide clients with the market intelligence required to support practical business decisions and provide multi-level support across all property types, ranging from data collection to comprehensive market report coverage.

 

 

 

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