Savills

Publication

Taiwan Office Brief - Q1 2026

Quarterly Rents Hit New High

 

  • Taiwan’s economy continues to expand, supported by business indicator that remained in expansionary territory and record‑high exports and export orders in March.
  • Supported by resilient leasing demand and release of new supply, quarterly rental growth reached its highest level in nearly a year, with average rents rising to NT$3,279 per ping, up 0.6% QoQ and 1.9% YoY.
  • Strong leasing momentum enabled the market to absorb newly delivered supply, pushing Taipei Grade A vacancy down 0.3 ppts QoQ to 6.7%, with Xinyi District witnessing the most improvement.
  • Leasing activity among domestic corporates has strengthened since the 2H/2025 and continued into this quarter, reflecting a growing tendency among occupiers to upgrade quality of office space.
  • Although seven new office buildings are set for completion in 2026, only around 50% is expected to enter the leasing market, limiting the impact on rising vacancy rates.

Supported by steady economic growth and increased leasing activity from both foreign and domestic corporates, Grade A office rents in Taipei are expected to continue their steady upward trend.

Erin Ting, Savills Research