Report | Adaptive Spaces, Creating Resilience
2022 Taiwan Market Outlook
June 8, 2022
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- ECONOMY: Despite this April’s Omicron-driven surge in COVID-19 infections, the Taiwanese economy will stay on a stable growth path in 2022. Tighter monetary policy will have a limited impact on commercial real estate investment.
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OFFICE: Relocations will be led by tech companies looking to upgrade offices and redesign workplaces. Low vacancy and limited new supply will ensure the Taipei office market remains in favour of landlords.
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RETAIL: While retailer sentiment will remain subdued amid the prolonged pandemic, high street rents may stabilise by the end of 2022 on the back of pent-up demand for in-store experiences.
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INVESTMENT: Investment activity is expected to slow as domestic investors adopt a more cautious attitude. However, industrial assets will remain keenly sought-after, with southern cities presenting an increasing array of opportunities.