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Taipei MarketBeat Reports

Eason Lee • 14/01/2025
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q4 2024 Highlights

Office: The Yuanta Bank Headquarters building added 13,000 pings of owner-occupied Grade A space to the market in Q4.

Retail: Retail sales momentum sustained in Q4.

Industrial Office: Overall NHTP vacancy moved up slightly in Q4.

Capital Markets: Technology firms acquiring self-use factory and office assets drove investment activity in Q4.

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

CURRENT MARKETBEATS

Office Buildings CBD
Taipei Office MarketBeat

The Yuanta Bank Headquarters building added 13,000 pings of owner-occupied Grade A space to the market in Q4. Corporate upgrade demand through 2024 drove annual net absorption to a five-year high, with the overall vacancy rate falling to 8.4% in Q4. Average monthly Grade A office rents stabilized at NT$2,800 per ping. Further new CBD supply is scheduled ahead.  
 

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Warehouse Internal Rack
Taipei Industrial Office MarketBeat

Overall NHTP vacancy moved up slightly in Q4. Vacancy in Xihu Section edged up to 3.4%, with just modest absorption in the quarter. Vacancy in Wende Section dropped to 5.5% and in Jiuzong Section climbed to 12.8%. Overall rental levels remained stable q-o-q, with capital values edging up. Upgrade requirements and ESG goals mean occupiers will increasingly favor newer I/O properties.
 

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Shopping Retail
Taipei Retail MarketBeat

Retail sales momentum sustained in Q4. Department store sales grew 1.3% y-o-y, supermarket sales 6.4% and convenience stores 5.4%. Other category sales were again boosted by cross-border travel, climbing 7.9% y-o-y. Recovery signs were evident in Zhongxiao, with strengthened occupancy in the Taipei Dome area helping to drop the district’s vacancy to 10.06%. 
 

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Office Buildings CBD
Taipei Capital Markets MarketBeat

Technology firms acquiring self-use factory and office assets again drove investment activity in Q4. Total quarterly transaction volume of NT$30.6 billion took full-year 2024 volume to NT$147.9 billion, the second-best performance in a decade. Land market transaction volume of NT$45.0 billion pushed the annual total to NT$263.2 billion, the highest since 2022. Government credit control measures in Q4 are now somewhat moderating the land market.

Click here to download the report

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