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Taipei MarketBeat Reports

29/07/2022
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 2022 Highlights

Office: The new 8,700 ping E. SUN building was wholly self-occupied.

Retail: General retail sales for January to April rose 3.1% y-o-y.

Industrial Office: Same-building expansion by tenants was a highlight in leasing activity.

Capital Markets: Buyers are primarily targeting office and I-O properties for investment income.

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

CURRENT MARKETBEATS

Office Buildings CBD
Taipei Office MarketBeat

Reappearing COVID-19 cases in Q2 impacted office leasing demand, with smaller area transactions prevailing. The new 8,700 ping E. SUN building was wholly self-occupied, leaving overall vacancy unchanged at 4.2%. Average monthly Grade A rents remained stable at NT$2,620 per ping. Co-working facilities are still in demand.

Click here to download the report

Warehouse Internal Rack
Taipei Industrial Office MarketBeat

Tenant departures in Xihu section in Q2 prompted a temporary vacancy uptick to 3.9%. In Wende, same-building expansion by tenants saw vacancy drop to 7.1%. Juizhong Section vacancy was virtually unchanged q-o-q at 13.6%. Rents and capital values remained steady q-o-q. Ahead, owners are expected to trial sale-and-leaseback agreements.

Click here to download the report

Shopping Retail
Taipei Retail MarketBeat

Renewed pandemic concerns inflicted a blow to the market, with performance diverging by sector. General retail sales for January to April rose 3.1% y-o-y. Supermarket sales jumped 13.4%, followed by wholesale stores at 4.9%. In contrast, department stores suffered shrinking footfall and virtually no growth y-o-y. The Ximen retail hub saw vacancy rise to a record 23.1%.

Click here to download the report

Office Buildings CBD
Taipei Capital Markets MarketBeat

Investment volume fell quite steeply in Q2, dropping 19.2% q-o-q to record NT$27.7 billion. Buyers are primarily targeting office and industrial office assets for investment returns. The two sectors accounted for 54.9% of total consideration. Land sales fell nearly half q-o-q to record NT$26.5 billion, in an increasingly cautious environment following the Central Bank’s rate hikes.

Click here to download the report

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