The vacancy rate for grade A offices in Taipei last quarter dropped to 1.86 percent, below the 2 percent mark for the first time as demand for brick-and-tar offices remains strong even though companies have grown more flexible with working hours and home-based work, the local branch of Jones Lang LaSalle Inc (JLL) said. Rental rates averaged NT$2,932 (US$102.14) per ping (3.3m2), rising 1.3 percent and 3.7 percent from three months and a year earlier respectively, JLL Taiwan said in a quarterly report. Rent increases were more evident in Taipei’s Xinyi District (信義) at 2.1 percent quarter-on-quarter, while they remained unchanged in
Technology firms have fourished amid the COVID-19 pandemic and increased demand for office space, a trend that might continue, Jones Lang LaSalle Inc (JLL) said yesterday. The top 25 technology firms in the US hired 600,000 more workers between the second quarter of 2020 and the third quarter of last year, lifting their payroll to 1 million and creating demand for 430,000 ping (1.42km2) of office space over the same period, the international property broker said. The phenomenon could continue, making large Grade A office a focal point in the leasing market, JLL said. JLL Taiwan managing director Tony Chao (趙正義) shared the
Leasing demand for upscale offices would remain tight this year, with monthly rent set to climb 2 to 3 percent, driven by an extended economic boom amid a lack of fresh supply, Jones Lang LaSalle Taiwan Ltd (JLL Taiwan) said on Thursday last week. The rosy forecast was made after average rents for Grade-A offices in Taipei advanced 2.4 percentage points to NT$2,894 (US$104.60) per ping (3,3m2) last year, while vacancy rates shed 0.2 percentage points to 2 percent. Monthly “rents would approach the historic peak of NT$3,000 per ping this year, as the imbalance between demand and supply persists,” JLL Taiwan
The leasing market for Taipei’s upscale offices was resilient last quarter, as the monthly average rent gained 0.7 percentage points to NT$2,847 (US$101.13) per ping (3.3m2), although the vacancy rate climbed slightly to 2.4 percent, the local branch of Jones Lang LaSalle Inc (JLL) said yesterday. The minor increase in vacancy resulted from landlords squeezing extra spaces to meet market needs amid a lack of fresh supply in central locations, JLL senior market director Brian Liu (劉建宇) told an online news conference. The vacancy rate remained ultralow at 2.4 percent last quarter albeit slightly up from 1.9 percent in the second
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Press Release – Rabobank Vence , the leading supplier of virtual fencing and herd management solutions for sustainable animal protein production, has raised $NZ16 million /$US12 million. The funding will help Vence scale the delivery of its platform in its entry markets – … Vence, the leading supplier of virtual fencing and herd management solutions for sustainable animal protein production, has raised $NZ16 million /$US12 million. The funding will help Vence scale the delivery of its platform in its entry markets – the US and Australia. The company is building tools which enable precision livestock farming and are driving the adoption of regenerative practices while improving profitability for the farmers.
Friday, 14 May 2021, 8:52 am Vence, the leading supplier of virtual fencing and herd management solutions for sustainable animal protein production, has raised $NZ16 million /$US12 million. The funding will help Vence scale the delivery of its platform in its entry markets - the US and Australia. The company is building tools which enable precision livestock farming and are driving the adoption of regenerative practices while improving profitability for the farmers. Vence was founded in 2016 after Kiwi Jasper Holdsworth, whose family has run a livestock farm near Gisborne for over 100 years, identified an opportunity. Reviewing the cost structure on the farm he