What's a typical lease term in Taipei?

5 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

How is rent quoted in Taipei?

In TWD/sqft/year. We also publish a USD-normalised view ($140/sqft/yr) for cross-market comparison.

Net leases.

Typical lease length: 5 years.
Typical rent-free: 3 months.
Vacancy: 4.2%; trend rising.
Net leases.

Taipei office lease norms

Net leases.

TL;DR

Typical lease length: 5 years.
Typical rent-free: 3 months.
Vacancy: 4.2%; trend rising.
Net leases.

Structure

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.

Negotiating levers

Free rent and TI remain the most negotiable line items; landlords prefer concessions to face-rent cuts because they preserve headline rent and implied valuation. Always model effective rent (face minus PV of concessions).

Key facts

city	Taipei
country	Taiwan
region	APAC
classARentLocal	4500 TWD/sqft/yr
classARentUsd	$140/sqft/yr
vacancy	4.2%
typicalLeaseYears	5
typicalRentFreeMonths	3
submarkets	5
primeYieldPct	3.4%

Frequently asked questions

What's a typical lease term in Taipei?: 5 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.
How is rent quoted in Taipei?: In TWD/sqft/year. We also publish a USD-normalised view ($140/sqft/yr) for cross-market comparison.

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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