The leasing market for Taipei’s upscale offices was resilient last quarter, as the monthly average rent gained 0.7 percentage points to NT$2,847 (US$101.13) per ping (3.3m2), although the vacancy rate climbed slightly to 2.4 percent, the local branch of Jones Lang LaSalle Inc (JLL) said yesterday.
The minor increase in vacancy resulted from landlords squeezing extra spaces to meet market needs amid a lack of fresh supply in central locations, JLL senior market director Brian Liu (劉建宇) told an online news conference.
The vacancy rate remained ultralow at 2.4 percent last quarter albeit slightly up from 1.9 percent in the second