A Study on Supply and Demand of the Office Building Market－A Case of Taipei City

• Main Authors: Hui-Hsin Chien, 潛慧心
• Other Authors: Edward Lin
• Format: Others
• Language: zh-TW
• Published: 2007
• Online Access: http://ndltd.ncl.edu.tw/handle/02709180716601058029

碩士 === 中國文化大學 === 建築及都市計畫研究所 === 95 === With the growth of Taiwan’s economic, the development of office building has also shown increasing energy. The growth rate of office building in the urban area symbolizes its capability of competition. For the last fifteen years, the increase volume in Taipei is about 429,752 square meter a year, which displays the increasing activity in economic. This thesis has total five chapters and sixteen sections. The first chapter is introduction, briefly presenting research motivation, purpose, scope, content, limitations and finally research methods. The second chapter presents related theories and reference review and compares related research based on four-quadrant theory. The third chapter analyzes the supply and demand of the market from 1981 to 2005. The factors included in the discussion are construction, stock, vacancy rate, rent, price, number of business enterprises in Taipei, per capita GNP, interest rate, and office employees. The forth chapter shows the result of relative analysis by lineal and logarithms regression model to show the relationship between occupancy and real estate market. The last chapter provides the conclusion, suggestion and future research. From the market figures, we realize that the stock is as high as 10.3422 million square meter, vacancy rate is 12.1%, and average rent is 520 NTD for every square meter, which is lower than balanced rent. This result shows that on the current market the supply is higher than demand. Based on the price factors, rent and interest rate have about forty percent more accountability than building volume. Limited by the politics, social and other hidden variables, interest rate has not shown any significance to the change of building stock. This research can be a useful reference for private sectors while investing in the office building market. This type of information can provide a general and overall picture of the market and will enable private investors to make better decisions.