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Taipei MarketBeat Reports

Eason Lee • 09/10/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q3 2024 Highlights

Office: Two new Grade A completions brought 17,000 pings of quality space to the market in Q3.

Retail: Retail revenues maintained growth in Q3, partially aided by the summer Olympics.

Industrial Office: New absorption prompted modest vacancy declines within NHTP in Q3.

Capital Markets: Total Q3 transaction volume reached NT$55.96 billion, up 64% q-o-q.

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

CURRENT MARKETBEATS

Office Buildings CBD
Taipei Office MarketBeat

Two new Grade A completions, in Dunnan and Xinyi submarkets, added a combined 17,000 pings of quality space to the market in Q3. The new supply prompted the overall vacancy rate to rise 1.4 percentage points to 9.1%. Average monthly Grade A office rents moved up 1.1% q-o-q to NT$2,800 per ping. Substantial new supply is scheduled through 2027.

Click here to download the report

Warehouse Internal Rack
Taipei Industrial Office MarketBeat

New absorption activity prompted modest vacancy declines within NHTP in Q3. Vacancy in Xihu Section dropped to 3.3%, in Wende Section to 6.0% and in Jiuzong Section to 11.4%. Overall rental levels remained stable q-o-q, with capital values edging up. Expansion demand from existing technology industries is set to continue to drive NHTP space needs.

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Shopping Retail
Taipei Retail MarketBeat

Retail momentum continued in Q3, partially aided by the summer Olympics. Department store sales grew 2.0% y-o-y, supermarket sales 4.8% and convenience stores 5.2%. Other category sales continued to benefit from surging cross-border travel and duty-free stores, rising 8.1%. Confidence in the Ximen retail hub continued to strengthen, with vacancy at 3.82%.

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Office Buildings CBD
Taipei Capital Markets MarketBeat

Technology firms focusing on self-use factory and office properties were the key drivers of investment activity in Q3. Total quarterly transaction volume reached NT$55.96 billion, up 64% q-o-q, with industrial and I/O assets taking an 88% share. Land market transaction volume of NT$111.7 billion pushed the year-to-date 2024 total to NT$214.4 billion, surpassing the full-year 2023 figure. Developers are continuing to replenish land inventory.

Click here to download the report

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