Reported about 1 year ago
As Taipei's old buildings are being redeveloped into office spaces and Nan Kang enters its peak completion of office buildings, a surge in office supply is expected in Taipei. A report by Colliers International indicates that the office space supply in Taipei is estimated to exceed 200,000 ping from 2025 to 2026, marking a turning point in the office rental market. Rental prices have been rising due to steady demand from technology and biotech sectors, causing a slight decrease in vacancy rates in the second quarter of 2024. Different commercial areas in Taipei have shown varying rental price increases, with Xinyi District having the highest quarterly increase. Nan Kang also saw completion of new office buildings in the first half of the year, catering to the expanding ICT industry.
Source: YAHOO