still lingering after more than a year, rents for offices in the densely populated capital of Taipei could continue to climb as Taiwanese firms consider returning home.
Take-up rate of Grade A office space — or offices in premium locations — has been robust in recent years. According to Chao, the availability of Grade A office space has already been constrained, as many tenants renting properties that are more than 20-years-old have been looking for newer places. There has also been a trend in companies consolidating their corporate spaces to newer, swankier buildings in central locations, and a rise in co-working spaces in similar locales.
The strong demand for Taiwanese real estate contrasts with slower global leasing demand where the total net take-up rate dropped 5% by the second quarter of 2019, noted Jones Lang LaSalle in its third quarter report this year.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks set for mixed open as US-China trade optimism boosted againTrade optimism boosted sentiment as U.S. President Donald Trump on Friday said he had 'a very good talk' with China's leader Xi Jinping about the so-called phase one trade deal they struck in mid-December. fake phony trade deal not signed and no details
Read more »