Key factors affecting the rent of office buildings: case study on Taipei 101

Abstract

An exploration of the rent of office buildings in metropolises worldwide indicates that in response to the level of overall economic development, tenants often need to consider numerous factors when selecting the location of their offices, whereas landlords attempt to increase the rent of their buildings by using high-grade building materials to renovate the buildings and offering new facilities and property management services to meet the various needs of tenants. This study adopted the Delphic hierarchy process and analytic hierarchy process to explore office building rent in Taipei City by distributing a questionnaire to experts in the real estate field who possess practical experience in executing real estate projects. Specifically, the study investigated how office building rent is affected by factors such as geographical location and public facilities, thereby generating a reference for identifying related key factors. Analyzing the data collected from the questionnaire and the weighted indictor scores revealed that location in the main business district is the most crucial factor, followed by proximity to a Taipei Mass Rapid Transit station and the office building being a renowned landmark. By contrast, adequate property management is not a primary factor considered by the experts.