Leasing inquiries rebounded at the end of Q4/2021, but corporates remain cautious about spending.

• Given the completion of three new offi ce buildings, total take-up reached 16,371 ping in Q4/2021 versus 24,700 ping over 2021 as a whole.
• Ninety percent of take-up in 2021 came from pre-lettings and pre-sale activity.
• The overall vacancy rate increased slightly by 0.2 percentage points (ppts) to 2.9% in Q4/2022 and rents stood at NT$2,999/ping, up 0.3% QoQ and 1.3% YoY.
• Corporates remain cautious on spending which meant thatoffi ces ranging between NT$2,000 and NT$3,000 per ping have been popular, despite the fact that broader economic growth has been outstanding.
• International coworking brands have adjusted their strategies to set up new co-working spaces in tech clusters tocatch demand from the fast-growing sector.