August 2010
Industrial/Office briefing

Download PDF

• Xihu was the preferred destination for occupiers entering Neihu, which helped push the district’s vacancy rate down to 10.3 per cent, while Wende registered a rise in the measure as new supply more than offset absorption.
• The Development Bank of Singapore (DBS) was the latest high-profile occupier to eschew a CBD location in favour of Neihu, which serves as further confirmation that it is not just technology companies choosing the park.
• Despite the robust demand for space rental rates stagnated, constrained by 81,500 ping (269,400 sqm) worth of vacant space.
• Sales activity in Neihu remained brisk over Q2/2010, accounting for NT$8.1 billion (US$252.8 million) of the NT$27.7 billion (US$865.6 million) in total turnover, with end-users playing a more active role than in the past.
• The Manufacturing Production Index displayed a 39.6 per cent advance during 1H/2010 compared with the same period last year, which bodes well for Neihu Technology Park given a large portion of its roughly 3,600 registered companies count manufacturing as their primary source of revenue.
• We have adjusted our future supply figures from the first quarter with the result suggesting there is little reprieve insight for landlords while occupiers should enjoy favourable conditions for as far ahead as we have data.

Download PDF

Contact Information