Taipei Office Market Overview - Jul. 2010There was no new supply in 2Q2010; however, overall demand in this quarter continued to drop. The vacancy rate increased from 11.13% in 1Q2010 to 11.22% in 2Q2010, a 0.09% QoQ difference. Due to the higher vacancy rate, rentals remained around NT$1,760 per ping per month in the quarter.
Taipei Office Market Overview - Apr. 2010Owing to the new supply, the vacancy rate increased from 10.98% in Q42009 to 11.13% in Q12010, up 0.15 percentage points QoQ. With the vacancy rate climbing, effective rentals decreased from NT1,768 to NT1,758/ping/month, a 0.56% QoQ difference.
Taipei Office Market Overview - Jan. 2010Asking and effective rentals remained stable at NT$1,988/ping/month and NT$1,768/ping/month, respectively, with an 11.08% rental negotiation. With a rebounding recovery and no new supply in 4Q2009, the vacancy rate fell from 11.06% in 3Q2009 to 10.98% in 4Q2009.
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.
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