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Taipei MarketBeat Reports

Eason Lee • 11/04/2025
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q1 2025 Highlights

Office: Grade A office market quarterly net absorption reached approximately 11,000 pings in Q1.

Retail: General merchandise store sales were supported by Lunar New Year purchasing and Valentine’s Day promotions in the quarter.

Industrial Office: The overall NHTP vacancy rate rose slightly in Q1.

Capital Markets: Capital expenditure by technology and manufacturing firms continued to grow in the period.

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

CURRENT MARKETBEATS

Office Buildings CBD
Taipei Office MarketBeat

Strong take-up at recent Grade A entrants demonstrated corporate occupiers’ preference for premium workspace in Q1 and drove quarterly net absorption to a five-year high. The overall vacancy rate again fell q-o-q to record 7.2%. Average monthly Grade A office rents stood at NT$2,800 per ping. The short-term market outlook is set to remain resilient. 

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Warehouse Internal Rack
Taipei Industrial Office MarketBeat

Overall NHTP vacancy rose moderately in Q1. Vacancy in Xihu Section moved up to 3.9%, with just modest absorption in the quarter. Vacancy in Wende Section climbed to 7.4% due to a sizeable relocation, while in Jiuzong Section fell to 11.7% after new leasing activity. Overall rental levels and capital values remained stable q-o-q. Ahead, aging properties face challenges as occupiers turn to new facilities.   

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Shopping Retail
Taipei Retail MarketBeat

General merchandise sales were supported by Lunar New Year and Valentine’s Day promotions in Q1, rising 2.7% y-o-y through January to February. Department store sales grew 2.1% y-o-y, supermarket sales 4.4% and convenience stores 3.7%. Momentum sustained in Zhongxiao, with the Taipei Dome effect helping to drop the district’s vacancy to single digits at 8.94%.

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Office Buildings CBD
Taipei Capital Markets MarketBeat

Continuing technology and manufacturing firm capital expenditure pushed quarterly transaction volume to NT$26.53 billion in Q1, with high-spec factory and office assets key investment targets. Land market transaction volume reached NT$56.1, down 11.9% y-o-y as tightened financing prompted greater prudence, although prime sites remain sought-after. The market outlook remains cautiously positive. 
 

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