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4Q 2020 Taiwan Office

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Office Quarterly Report

STABLE MARKET OUTLOOK IN 2021

In 2020, Taiwan showed resilient economic growth. With COVID-19 minimally impacting Taipei’s office market and relatively stable business operations, we saw 2% annual rental growth. 
Looking ahead, with lingering uncertainty surrounding the pandemic and an uncertain global economy, we expect the expansion or relocation of multinational companies to slow down in 2021. 

  • We recommend landlords start pre-leasing one to two years before building completion. 2023 should be a watershed with the heavy new supply from 2023-2025. Focus on the increasing demand from tech and biotechnology occupiers.
  • We recommend occupiers prepare plans for split office operations to adapt to the new workstyle as the pandemic subsides.In 2020, Taiwan showed resilient economic growth. With COVID-19 minimally impacting Taipei’s office market and relatively stable business operations, we saw 2% annual rental growth. 
    Looking ahead, with lingering uncertainty surrounding the pandemic and an uncertain global economy, we expect the expansion or relocation of multinational companies to slow down in 2021. 

Office Quarterly Report

4Q 2020 Taiwan Office

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Eilleen Liang

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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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Amanda Yang

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Amanda Yang is the Head of Office Services and Industrial Services and has 28 years experience focusing on Taiwan market.   She also has great success at developing business opportunities between multinational companies and local developers.  Her strengths include project leasing and the provision of a board range of client services, particularly in Tenant Representations. She has extensive experience in business development, real estate strategic solutions and a range of consultancy services.

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