Supporting Taiwan’s economy and real estate demand
Over the past two years, the tech industry has been the main driver of Taiwan’s economy, with the rapid development of 5G, electric vehicles, cloud computing and the IoT, along with the restructuring of global supply chains reshoring manufacturing, and Covid-driven demand for technology products and services. In 2021, Taiwan’s output value and GDP growth both hit record highs.
The rapidly increasing demand for Taiwan’s tech products is supporting the industry’s expansion in Taiwan. In addition to typical leases or purchases, in 2021 tech companies began acquiring assets through public tenders, implying an increasingly diversified property acquisition strategy.
- With industry trends reshuffling, over the next two years we expect both purchase and lease demand from the technology, electronics, and online related industries will drive the market. Colliers recommends investors look for opportunities in tech clusters such as the Nangang, Neihu and Hsinchu areas.
- The demand for talent in the technology industry continues to increase while employees are paying more attention to corporate culture and the comfort, health and flexibility of the office space. High-quality buildings with value-added services are the first choice. Colliers recommends developers and landlords upgrade their amenities and facilities while incorporating improved management services.
