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Taipei MarketBeat Reports

Eason Lee • 10/07/2023
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q2 2023 Highlights

Office: Overall office market vacancy remained low in Q2.

Retail: Consumer sentiment strengthened in Q2 as pandemic-era concerns eased.

Industrial Office: Vacancy levels moved modestly while rents and capital values remained constant q-o-q.

Capital Markets: The liquidation of the Shin Kong No.1 REIT boosted market activity in Q2.

Learn more by clicking our most recent Taipei MarketBeat reports below.

CURRENT MARKETBEATS

Office Buildings CBD
Taipei Office MarketBeat

The continued new supply shortage ensured overall office market vacancy remained low in Q2, edging up just 0.4 percentage points q-o-q to 4.4%. Average monthly Grade A rents rose a further 0.6% q-o-q to NT$2,665 per ping. Ahead, ESG considerations will dictate growing demand for green and wellness-enhanced building credentials.
 

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Warehouse Internal Rack
Taipei Industrial Office MarketBeat

Vacancy in Xihu Section rose modestly in Q2 to reach 3.4%, due to a number of lease surrenders. Vacancy at Juizong Section dropped to 12.9% with a sizeable new lease, while Wende Section edged up q-o-q to record 5.8%. Rents and capital values remained constant q-o-q. Continued low vacancy amid a conservative environment is expected ahead.
 

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Shopping Retail
Taipei Retail MarketBeat

Consumer sentiment strengthened in Q2 as pandemic-era concerns further receded, supported by a strong Mother’s Day shopping period. General retail sales for January to May rose 11.9% y-o-y. Department store sales grew 22.4% y-o-y while convenience store sales climbed by 9.7% y-o-y. The Ximen retail hub revival continued, with vacancy dropping again to 11.1%.
 

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Office Buildings CBD
Taipei Capital Markets MarketBeat

The liquidation of the Shin Kong No.1 REIT boosted market activity in Q2, with disposal sales of established income-generating properties pushing Q2 transaction volume to NT$52.22 billion, up 88.9% y-o-y. Overall land sales rose 22.69% q-o-q to record NT$20.04 billion, but industrial site transactions fell sharply, indicating a cooling market. A cautious investment outlook is expected ahead.
 
 

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RELATED INSIGHTS

Report web card Office Snapshot Sweden
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Sweden Office Snapshot

Covering all the office market trends including rents and yield. This edition also explores how equity markets are pricing the listed companies in the office segment and put the implied market values into perspective.
Staffan Dahlén • 05/10/2023
City, graph
Insights • Investment / Capital Markets

Investment Highlights

In the first half of 2023, volume of transactions in the property sector within CEE-5 surpassed EUR 2 billion, which is 59% less than in H1 2022.
Jeff Alson • 02/10/2023
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