Figures
Taipei Office Figures Q4 2024
February 14, 2025 10 Minute Read
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‒ Total office net absorption in Taipei’s CBD grew slightly to 2,493 ping, reflecting a mild recovery in demand. Grade A office net absorption rebounded to 4,131 ping, mainly attributable to several enterprises taking up space in new buildings.
‒ Grade A office vacancy fell to 8.3% on the back of increased take-up, while Grade B office vacancy edged up to 3.9% following several relocations by selected occupiers to Grade A offices.
‒ With recently completed buildings commanding higher rents than overall market levels, average Grade A and Grade B office rents climbed to NT$3,075 and NT$1,917 per ping, respectively.
‒ Five new office projects in Taipei’s CBD are scheduled to come on stream during 2025, collectively providing 38,900 ping of leasable space. CBRE expects the current landlord-favoured market to weaken by the end of 2025 as rising vacancy constrains rental growth.