Grade-A office vacancy rate falls

Taipei Times
Date: Jul 03, 2015
By: Crystal Hsu  /  Staff reporter

The vacancy rate for grade-A offices in the April-to-June quarter dropped slightly from the previous quarter, while rental rates picked up mildly with firms planning to hire new staff and improve operations, encouraged by stable economic recoveries at home and abroad, Jones Lang LaSalle Taiwan (JLL, 仲量聯行) said in a report yesterday.

The vacancy rate for top-grade office space dropped 1.5 percentage points to 7.7 percent last quarter while rental rates increased 0.4 percent, the international property consultancy said.

“Taiwan’s leasing market has benefited from a global economic recovery that has encouraged firms to increase office space and hire employees,” JLL said in the report.     [FULL  STORY]

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