Taipei Class A Office Market

TL;DR

• Tightest Class A market in Asia (vacancy under 5%).
• Trophy product in Xinyi (Taipei 101 area) trades at TWD 4,200-5,500/ping/month.
• TSMC and semiconductor supply chain anchor structural demand.
• Limited new supply pipeline — rents continue to rise.

Overview

Taipei is Asia's semiconductor capital — anchored by TSMC, MediaTek, ASE, and a deep supply-chain ecosystem. The Class A market is among the tightest in Asia. Xinyi Planning District and Songshan host the trophy tier; Neihu hosts deep tech R&D inventory.

Market snapshot

Composite of Q1 2026 broker market reports for Taipei.

Lease norms

Net leases. 3-5 year terms standard with renewal options. Free rent of 2-4 months and TI of TWD 800-1,500/ping typical on a 5-year deal.

Transit & access

Taipei Metro (Brown, Red, Green, Orange, Blue Lines + circular). Taoyuan Airport MRT to TPE airport. Taipei is highly walkable and Metro-served.

Tax

20% Taiwan corporate income tax. Profit-seeking enterprise income tax structure with R&D credits and tax incentives for qualifying high-tech investment.

Talent

Deepest semiconductor and electronics talent in Asia. Strong feed from National Taiwan University, NTHU, and the broader Taiwan university system. Mandarin and Taiwanese operating environment with strong English in tech.

Notable Class A buildings

• Taipei 101 · Xinyi Planning District — Tallest in Taiwan.
• Cathay Landmark · Xinyi — Cathay Financial trophy delivery in Xinyi.
• Far Eastern Twin Towers · Banqiao — Far Eastern Group HQ anchor in Banqiao.
• Nan Shan Plaza · Xinyi — Nan Shan Life trophy with retail base across from Taipei 101.
• Taipei Nanshan Square · Songshan — Newer Songshan trophy delivered to anchor the eastern fringe.

Class A submarkets in Taipei

• Xinyi Planning District — Taipei's trophy financial core. (trophy)
• Songshan — CBD adjacent to Songshan Airport. (prime)
• Zhongshan / North Taipei — Established trophy core. (prime)
• Neihu Technology Park — Tech R&D belt. (prime)
• Banqiao (New Taipei) — Cross-river trophy expansion. (prime)

Taipei deep-dives

• Rents and incentives — What does Class A rent cost and what concessions are typical?
• Sublease market — How deep is sublease">sublease availability and how does it price?
• ESG and LEED stock — How much certified stock exists and what premium does it command?
• Transit and commute — Which submarkets have the strongest transit access?
• Talent and salaries — What does the white-collar talent pool look like and how is it priced?
• Fit-out costs — What does a Class A fit-out cost per square foot?
• Flex vs lease — When does premium coworking beat a traditional lease?
• Taxes and incentives — What corporate, occupancy, and property taxes apply?
• Neighborhoods overview — Which Class A submarkets exist and how do they compare?
• Notable buildings — Which trophy assets define the market?
• Class A vs Class B — What is the spread between Class A and Class B and why?
• Leasing conventions — What lease structures, terms, and concessions are normal?
• Expansion checklist — What is the operational checklist for opening here?
• Relocation guide — How do you move into this market from another city?
• Frequently asked questions — Quick answers to the questions occupiers ask most.
• Operating expenses — What service charges, OpEx, and pass-throughs apply on top of rent?
• Growth and availability — How tight is current availability and what does the pipeline look like?
• Sustainability pathways — How do tenants land net-zero or science-based-target leases here?
• Hybrid work policy — How are hybrid policies shaping office demand here?
• Security and redundancy — What security, power, and connectivity redundancy are standard?
• Lab and R&D space — What does R&D-grade or wet-lab space look like in this market?
• Brand experience — How do trophy buildings function as brand experiences and showpieces?
• Fund strategy and flag — Which submarkets carry the strongest investor flag for funds?
• Exit and renewal — How do you handle a Class A renewal or exit cleanly here?
• Market cycle position — Where is this Class A market in its cycle right now?

Taipei — frequently compared

• Taipei vs Hong Kong — Greater China shortlist.
• Taipei vs Shanghai — Greater China shortlist.
• Taipei vs Singapore — APAC HQ shortlist.
• Taipei vs Tokyo — North Asia HQ shortlist.

Frequently asked questions

Why is Taipei so tight?

A combination of (a) structural semiconductor demand growth, (b) limited new construction pipeline, (c) corporate HQ centralization, and (d) strict zoning in central Taipei.

What is the typical commute?

Most Class A tenants concentrate in Xinyi, Songshan, or Neihu; Metro and Taoyuan MRT structurally underwrite walkable commute economics.

How significant is Hsinchu (Science Park)?

Hsinchu Science Park hosts TSMC HQ and the deepest semiconductor manufacturing campus in Asia. Most TSMC R&D and corporate functions centralize in Hsinchu rather than Taipei.