Figures

Taipei Office Figures Q1 2025

May 12, 2025 10 Minute Read

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‒ Total office net absorption in Taipei’s CBD rose to 4,632 ping in Q1 2025, indicating a continued recovery in leasing demand. The increase was primarily driven by the Grade B segment.
‒ With no new stock coming on stream this quarter, Grade A office vacancy slipped marginally to 8.3%, while Grade B office vacancy hovered at historical lows, dropping to 3.2%.
‒ Grade A and Grade B office rents grew modestly by 0.2% and 0.3% q-o-q, respectively. Positive rental growth momentum was underpinned by selected new buildings commanding above-market rents.
‒ Five new office buildings are slated for completion in Taipei’s CBD in 2025, adding 39,000 ping of leasable area to the market. The coming months will see occupiers adopt a more conservative attitude amid growing global economic uncertainty. Rising vacancy will prompt some landlords to gradually soften their stance to attract tenants.