KF: Prime office space in Taipei yields 2.3% in 4Q15.

Realopedia Global Real Estate Portal

In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that prime office yields in Taipei were 2.3%. The average price for prime office space transacted was USD12,528 per square metre (psm). Average rents were USD24.0 psm. At the end of the quarter, the vacancy rate was 10.8%. Indicators highlighted by KF for the quarter included the lack of new supply and a drop in office sales values in 2015 relative to 2014. International and IT companies sought space in Grade A offices in the Xinyi Planning Area.

Source : KF/ February 2016/Taipei/OFF