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Office & Business Space

Tokyo Office Leasing Q3/2025

"Tokyo's office market extended its growth streak in Q3/2025, with rents rising towards pre-pandemic levels and vacancies tightening further. Large volumes of new supply entered the market with high occupancy rates driven by strong pre-leasing activity. The growing scarcity of prime space leaves large corporations with limited options, accelerating relocation decisions and rental momentum. "

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Office & Business Space

Greater Tokyo Office Market - September 2025

"The office market across the Greater Tokyo area maintained steady growth and demonstrated resilience even during the pandemic, albeit at a more moderate growth compared to the Tokyo C5W. A handful of big-ticket transactions were observed across the different submarkets. More affordable rents in these areas translate to a strong demand especially amongst SMEs, resulting in low vacancy rates and modest growth in average rents. Value-added opportunities have been emerging in older assets in well-located areas, especially those owned by ageing landlords looking to exit. Elevated construction costs limit future supply, which guarantees rental growth for well-maintained stocks with modern amenities."

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