# Grade A office vacancy stays near zero across Tokyo's core districts

- **Source:** Real Estate Asia
- **Published:** 2026-07-14T00:00:03.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/grade-office-vacancy-stays-near-zero-across-tokyos-core-districts
- **Topics:** Commercial & Industrial, Regional Markets

## Featured rationale

Near-zero vacancy and broad rental growth signal resilient occupier demand, which may strengthen landlords' pricing power across Tokyo's core Grade A office districts.

## AI summary

Tokyo C5W Grade A office rents rose 2.5% quarter-on-quarter and 17.1% year-on-year to JPY41,847 per tsubo in Q2 2026, while vacancy was 0.6%.

## Original article

Rents continued to grow 2.5% in Q2.

Tokyo's Grade A office market extended its strong performance in Q2 2026, supported by healthy corporate earnings and resilient occupier demand, according to Savills.

Average Grade A office rents across Tokyo's five central wards (C5W) rose 2.5% quarter-on-quarter (QoQ) and 17.1% year-on-year (YoY) to JPY41,847 per tsubo. Savills said all five constituent wards recorded rental growth during the quarter, underscoring the strength of the prime office market. Shinjuku posted the strongest quarterly rental increase, while Chuo led annual rental growth.

The consultancy noted that the average Grade A office vacancy rate edged up by 0.1 percentage points (ppts) QoQ but tightened by 0.9 ppts YoY to just 0.6%. Chiyoda, Shibuya and Shinjuku continued to maintain near-zero vacancy levels, reflecting sustained tenant demand, while Chuo and Minato also posted notable improvements from a year ago despite comparatively higher vacancy rates.

## Chinese translation

> Translation model: grok

### 东京核心区甲级写字楼空置率维持近零

第一太平戴维斯（Savills）称，在企业盈利稳健及租户需求具韧性的支撑下，东京甲级写字楼市场在2026年第二季度延续强劲表现。

第二季度租金继续增长2.5%。

第一太平戴维斯（Savills）称，在企业盈利稳健及租户需求具韧性的支撑下，东京甲级写字楼市场在2026年第二季度延续强劲表现。

东京五个中央区（C5W）甲级写字楼平均租金环比（QoQ）上升2.5%、同比（YoY）上升17.1%，至每坪41,847日元。Savills表示，当季五个组成区域均录得租金增长，凸显优质写字楼市场的强劲。新宿录得最强的季度租金升幅，中央区则领跑年度租金增长。

该顾问机构指出，甲级写字楼平均空置率环比微升0.1个百分点，但同比收紧0.9个百分点，仅报0.6%。千代田、涩谷与新宿继续维持近零空置水平，反映租户需求持续；中央区与港区尽管空置率相对较高，亦较一年前录得明显改善。