Leasing activity in Q4 2017 was characterized by relocations arising from expansionary demand. Financial institutions and technology companies continued to drive demand while professional services firms turned more active in the quarter.
Grade A office rents remained flat at NT$2,638 per ping as landlords mostly kept their asking rents unchanged to attract potential tenants.
Grade B office rents rose slightly by 0.1% q-o-q to NT$1,758 per ping due to a few landlords raising asking rents against the backdrop of high occupancy rates.
Office investment activity in Taiwan was quiet in Q4 2017 as investors largely remained inactive. The low transaction volume indicated that current price levels were unattractive to institutional investors while local owner-occupiers mainly purchased industrial properties in Q4 2017.