# Major office moves support rental growth across Tokyo's central five wards

- **Source:** Real Estate Asia
- **Published:** 2026-07-14T00:10:19.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/major-office-moves-support-rental-growth-across-tokyos-central-five-wards
- **Topics:** Commercial & Industrial, Regional Markets

## Featured rationale

Planned corporate relocations and tight vacancy signal sustained prime-office demand, potentially supporting further rental resilience as major occupiers secure space across central Tokyo.

## AI summary

All five central Tokyo wards recorded Grade A office rental growth in Q2 2026, with Shinjuku leading quarterly gains at 3.4%.

## Original article

Corporate relocations reinforce demand for Tokyo Grade A offices.

A steady pipeline of major corporate relocations continued to support Tokyo's Grade A office market in Q2 2026, with all five central wards posting rental growth alongside tight vacancy levels, according to a Savills report.

Chiyoda recorded Grade A rents of JPY48,730 per tsubo, up 2.1% QoQ and 16.0% YoY, while vacancy remained at a low 0.1%. Yamada Consulting Group and Yamada & Partners Tax are set to relocate their headquarters to Torch Tower in 2028, taking approximately 3,000 tsubo across one and a half floors.

The report revealed that Chuo's rents climbed 1.4% QoQ and 23.4% YoY to JPY42,278 per tsubo as vacancy fell 2.7 ppts from a year earlier to 1.9%. Planned relocations by TerraSky, Nihon M&A Center Holdings and Da-Dan are expected to add further leasing demand.

In Minato, rents rose 2.7% QoQ and 20.4% YoY to JPY39,479 per tsubo, with vacancy tightening to 0.5%. Major occupiers including JTB, Assign and Hitachi Consulting have secured significant office space in the ward.

According to Savills data, Shibuya recorded rental growth of 3.2% QoQ to JPY43,000 per tsubo while maintaining a vacancy rate of just 0.1%, supported by GMO Internet Group's relocation.

Shinjuku led all wards with quarterly rental growth of 3.4%, bringing average rents to JPY35,750 per tsubo. Savills noted that Nikkiso and Chugai Pharmaceutical are among the companies expected to move into the new Meiji Yasuda Shinjuku Building following its completion.

## Chinese translation

> Translation model: grok

### 大型企业搬迁支撑东京中央五区写字楼租金增长

大型企业搬迁的稳定管线持续支撑东京甲级写字楼市场，2026年第二季中央五区租金全部上涨。

企业搬迁强化东京甲级写字楼需求。

据第一太平戴维斯（Savills）报告，大型企业搬迁的稳定管线在2026年第二季持续支撑东京甲级写字楼市场，中央五区均录得租金增长，空置率亦保持紧张。

千代田区甲级租金为每坪48,730日元，按季升2.1%、同比升16.0%，空置率维持在低位0.1%。山田咨询集团（Yamada Consulting Group）与Yamada & Partners Tax计划于2028年将总部迁至Torch Tower，承租约3,000坪、跨一个半楼层。

报告显示，中央区租金按季升1.4%、同比升23.4%至每坪42,278日元，空置率较一年前下降2.7个百分点至1.9%。TerraSky、Nihon M&A Center Holdings与Da-Dan的计划搬迁料将进一步增加租赁需求。

港区租金按季升2.7%、同比升20.4%至每坪39,479日元，空置率收紧至0.5%。包括JTB、Assign与Hitachi Consulting在内的主要租户已在该区取得可观办公空间。

据Savills数据，涩谷区租金按季增长3.2%至每坪43,000日元，空置率仅0.1%，受GMO Internet Group搬迁支撑。

新宿区以按季租金增长3.4%领跑各区，平均租金达每坪35,750日元。Savills指出，日机装（Nikkiso）与中外制药（Chugai Pharmaceutical）等公司预计将在新明治安田新宿大楼竣工后迁入。