Transactions in Taiwan's commercial real estate market are heating up. The expansion of AI and semiconductor industries has driven demand for corporate self-use, and life insurance funds have also been reallocated to commercial assets. According to statistics from CBRE, the total investment in large-scale real estate in Taiwan reached 294.8 billion yuan in the first eight months of 2026, an annual increase of 50%. Among them, the commercial real estate transaction volume reached 187.4 billion yuan, an annual increase of 91%. The transaction volume has grown significantly. The main driving force comes from corporate self-use buyers and semiconductor-related factory transactions.
From the perspective of buyer structure, self-use buyers accounted for 82% of commercial real estate transactions, indicating that companies purchasing real estate for operations, research and development, and production capacity expansion are still the main supporting force in the market. Among them, the transaction value of factory buildings reached 139.4 billion yuan, reflecting the investment demand of the semiconductor industry chain and related technology industries, which continues to boost transactions in the industrial real estate market.
In addition to corporate self-use demand, life insurance funds are also showing signs of returning. KGI Life purchased Runtai Yucheng Plaza for 20.6 billion yuan, and Nanshan Life purchased the Zhubei Changyi Technology Industrial Development Park building for 5.168 billion yuan. This shows that commercial assets with stable rental income and corporate leasing demand are still attracting the attention of large institutional investors.
From the perspective of asset types, office, factory and logistics real estate have become the focus of the market because they can respond to corporate operational needs and rental income. In particular, assets with stable cash flow, high-quality tenants and good location conditions have a greater chance of attracting long-term funds.
The Taiwan CCIM Commercial Real Estate Investment Confidence Index (ICI) for the third quarter of 2026 released by the team of Professor Lin Zuoyu of the Department of Land Affairs of National Chengchi University also reflects a similar trend. The overall average index this quarter reached 105.71 points, a quarterly increase of 1.24 points, maintaining an optimistic range of more than 100 points. Among them, the office market index reached 117.86 points, a quarterly increase of 4.53 points, which is the indicator with the largest increase this quarter.
Ou Renzhang, deputy general manager of Xinyi Global Assets, said that the office market demand is still strong and has not weakened due to the increase in new supply. In the future, rental and sales prices will vary according to product conditions. High-quality commercial offices with convenient transportation, green energy specifications and talent recruitment advantages will still have the opportunity to gain favor from market funds.
However, the rebound in commercial real estate transactions does not mean that all products have recovered simultaneously. The CCIM store market confidence index in the third quarter was only 79.29 points, lower than the neutral benchmark of 100 points. The hotel market index was also only 91.07 points, showing that there is still a gap in the investment attitudes of different types of assets. Funds are more concentrated in targets that meet the actual needs of enterprises and have income conditions.
Overall, the growth in commercial real estate transaction volume in the first eight months of 2026 reflects that corporate purchase demand and large institutional funds jointly support the market. However, whether subsequent transactions can continue depends on the capital expenditures of the technology industry, corporate expansion plans and rental income performance. Market funds may also be further concentrated in assets with clear usage needs and income conditions.
