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4Q 2021 | Taiwan | Office

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2Q 2020 | Taiwan | Office
By Eilleen Liang, Andrew Liu and Amanda Yang

Resilient demand pushes vacancy down sharply with rents increasing

Despite the impact of Covid, we saw a stable leasing market in 2021. The vacancy rate declined to 4.1% and the vacant space was only 40,000 ping (about 132,000 sq m), both hitting a 20-year record low, pushing rental growth of 1.8% YOY. Looking ahead, the limited new supply will offer little help to the market; we still expect rising rents and decreasing vacancy in 2022.  

  • With industry trends reshuffling, we anticipate technology, electronics, and online related industries to drive the leasing demand in the next one to two years. 
  • New supply is scheduled to  gradually come online in 2023, and peak in 2025 and 2026. We recommend landlords work now to offer flexible lease terms and upgrade their facilities to retain tenants.
2Q 2020 | Taiwan | Office

4Q 2021 | Taiwan | Office

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Related Experts
Eilleen Liang | Colliers | Taipei

Eilleen Liang

Director

Research

Taipei

+886 2 8722 8601
+886 910 506 438
Email

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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Andrew Liu | Colliers | Taipei

Andrew Liu

Managing Director

Taipei

+886 2 8722 8688
+886 935 758 658
Email

Andrew joined Colliers Taiwan in August 2006, and is responsible for management and operation of the Taiwan office, which is staffed by over 250 real estate professionals. He oversees all the activities for the branch, including new business development, strategy management ,  client relationship management, investment advisory, real estate management and brokerage services.

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Amanda Yang | Colliers | Taipei

Amanda Yang

Senior Executive Director

Occupier Services

Taipei

+886 2 8722 8620
+886936080064
Email

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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