With both take-ups and rents increasing, the office market in Taipei City in the first quarter was healthy and set to improve further in the current quarter, according to a report released by CB Richard Ellis Taiwan yesterday.
The average vacancy rate in the Taipei office market declined by 0.96 percent to 9 percent in the first quarter, while the rent for Grade-A office space increased NT$23 to NT$2,333 per ping (3.3m2), the report said.
The improvement was down to the absence of new prime-located supply in the market, as well as an increasing number of companies seeking to move to quality office space, the real estate consultant and agent said in the report.
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Meanwhile, CB Richard Ellis Taiwan announced yesterday it would set up an asset services division, to provide maintenance, security and cleaning services to office buildings, shopping malls, high-end residential buildings and schools.
The asset services market is estimated to be worth NT$65 billion this year, and would increase to NT$100 billion by next year, division director Patrick Shih (
Currently, most buildings outsource these services to cleaning and security companies, but they can no longer meet the growing demands of quality buildings, Shih said.
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It was late morning and steam was rising from water tanks atop the colorful, but opaque-windowed, “soapland” sex parlors in a historic Tokyo red-light district. Walking through the narrow streets, camera in hand, was Beniko — a former sex worker who is trying to capture the spirit of the area once known as Yoshiwara through photography. “People often talk about this neighborhood having a ‘bad history,’” said Beniko, who goes by her nickname. “But the truth is that through the years people have lived here, made a life here, sometimes struggled to survive. I want to share that reality.” In its mid-17th to
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to
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