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The relaxation of Taiwan’s border rules is an encouraging sign for Taiwan’s retail industry. In the Ximen Shopping District of Taipei, many businesses are excited about the imminent return of foreign tourists to their streets. Stores that have sat empty through the pandemic are starting to buzz again, and many neglected shopfronts are getting a revamp. A decorator is busy fixing wires. There’s no time to lose before Taiwan’s borders reopen and a flood of overseas tourists returns to Ximen. Local business owner Right now there are quite a few doing renovations around Xining西寧 South Road and the MRT here. Cheng Chu-yun FTV reporter Ximen Shopping District was built on tourists, but became a disaster zone during the pandemic. Up until mid-September, half of the business spaces on Cinema Street were empty. But in just two weeks, renovations have sprung up on many stores and on many roads. In this pedestrian area and on the main road, there are at least 10 newly opened businesses, mostly food and drinks, clothing and accessories. Tseng Ching-der Real estate industry In the past, the rental rates for stores in Ximending were NT$20,000 or more per ping at their highest. The rates now are about half what they were. And landlords have really been able to experience how much better it is to get in the tenants that are available rather than having the store lie empty long-term. Real estate agents say that enquiries for Ximen locations are through the roof. Landlords are lowering their rates in an effort to get tenants into their premises. But some say that once the pandemic is past, eventually contracts will expire and the high rates of yesteryear may return.