Professional Office Design, Inspiring the workplaces Inspiring the workplaces Weekly News Highlight 1. Taipei City, nearly 90%, 172 office buildings vacancy rate of less than 10% by the end of the year, the rent trend is established, the landlord said it. 2! 2. The "King of Shops" has reappeared in the Eastern District! The rent of the store is 14,000 ping, a record high in a year 3. TECO rebuilds Songjiang Road building and creates an intelligent green building to be completed by the end of 2028 4. Creative purchases land and factory in Zhunan for $420 million to ensure the volume of the data center in response to the growth 5. The price of luxury apartments in Taichung has reached one million ping and the seven-phase Lianjiu Ruihe Building set a new record 6. SKYS has won the bidding for the lease for the development of the building of the Zuoying High-speed Railway Station. The Rainbow Bazaar's maximum lease extension is 30 years. 1. Nearly 90% of Taipei City's 172 office buildings have a vacancy rate of less than 10%, and the landlord has the final say on rent increases before the end of the year. 2024.10.15 Business Times I By Tsai Huifang / Report The landlord's market is strong! Nearly 90% of Taipei City's 172 office buildings have a vacancy rate of less than 10%, and 134 of them are fully rented, accounting for nearly 70% of the total. Market experts expect that by the end of the year, the office market will be in a state of oversupply, and the trend of rising rents will be established, and landlords will have the final say! Colliers International, senior executive director of corporate tenant services, said on the 15th Chen Songmin, in Colliers International, the latest completion of the "third quarter of 2024 Taipei City, Taipei City, Taipei City, commercial office market survey", the third quarter of the office market in Taipei City, Taipei City, continued to stabilize, the current vacancy rate of less than 10% of the current approximately 193 office buildings, there are 172 buildings, accounting for nearly 90% of the overall; as for the office building in full rent, there are As for office buildings under full occupancy, there are 134 buildings, accounting for nearly 70% of the total. On average, the vacancy rate is about 5.74%. Among the office districts, the Western District is the most impressive, with a quarterly rental increase of 2.53%, driven by Huangxiang Taipei Plaza. Mr. Chen said that the overall office market is more favorable to landlords, and it is expected that rents will continue to rise until the end of the year. In terms of office rents, Mr. Chen said that the average monthly rent per ping in the third quarter was about $2,645, which was the highest ever, and a slight increase of 0.2% from the previous quarter. Driven by the technology and financial services sectors that have boosted leasing demand, the accumulated net deleasing volume in the first three quarters totaled 40,155 ping, which has already surpassed last year's 15,000 ping, and is directly approaching the 2021 full-year level. Looking at the performance of the seven major office districts in Taipei City, the Western District is the most eye-catching, mainly driven by tenants moving into two new buildings such as the "Huangxiang Taipei Plaza" and the "Hongyao Cultural and Creative Building", the vacancy rate has been lowered from 12.64% in the second quarter to the current rate of 10.39%, which has also encouraged the average rent of the district to increase by 2.53% to NT$2,206 in a single quarter; the rest of the districts have remained stable, with the exception of the Nanjing East Road, Section 4-5 district, and the other districts. Other business districts remained stable, with the exception of Nanjing East Road Section 4 and 5, where the average office rent was $2,000. The average unit rent of offices in other business districts, except for Nanjing East Road Section 4 and 5, was $2,000.