# Smaller apartments in Tokyo record strongest rental growth of 2.2% in Q2

- **Source:** Real Estate Asia
- **Published:** 2026-07-27T23:16:37.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/residential/news/smaller-apartments-in-tokyo-record-strongest-rental-growth-22-in-q2
- **Topics:** Private Residential, Government & Policy, Investment & Capital Markets

## Featured rationale

The outperformance signals strong demand for compact rentals, which may persist as migration, elevated condominium prices and rising borrowing costs steer households toward leasing.

## AI summary

Average rents for 15-30 sq m apartments in Tokyo’s central five wards rose 2.2% quarter-on-quarter in Q2 2026, outperforming larger units.

## Original article

These are smaller units of 15-30 sq m.

Compact apartments continue to dominate Tokyo's rental market, with units under 45 sq m accounting for around 70% or more of listings across the city's 23 wards, according to Savills.

The consultancy said Japan's rental market differs from major Western cities such as New York and London, where shared accommodation plays a much larger role, creating a stable and sustained market for small and mid-sized apartments.

Within Tokyo's central five wards, the strongest rental growth during the second quarter of 2026 came from smaller units of 15-30 sq m, where average rents increased 2.2% quarter-on-quarter. Units measuring 30-45 sq m recorded more modest growth of 0.8%, while rents for larger 45-60 sq m apartments declined 0.9% over the quarter, although they continued to command the highest rental premium.

Looking ahead, Savills expects positive market momentum to continue, supported by healthy rental demand and strong demographic fundamentals.

The consultancy said continued positive net migration into Tokyo, rising borrowing costs and elevated condominium prices are likely to encourage more households to remain in or move into the rental market.

Savills also expects Tokyo's employment and education opportunities to continue attracting both domestic and international migrants, while the ongoing return-to-office trend could encourage more workers to seek housing closer to employment centres. At the same time, the city's more affordable outer wards are expected to remain attractive to households facing affordability pressures, helping sustain rental demand across the Tokyo 23 wards.

## Chinese translation

> Translation model: grok

### 东京小型公寓第二季租金增长最强劲，达2.2%

紧凑型公寓持续主导东京租赁市场，45平方米以下单位约占全市23区挂牌的70%或以上

这些是15至30平方米的较小单位。

根据第一太平戴维斯（Savills），紧凑型公寓持续主导东京租赁市场，45平方米以下单位约占全市23区挂牌的70%或以上。

该顾问公司表示，日本租赁市场有别于纽约、伦敦等主要西方城市——后者合租住宿占比更大——从而为中小型公寓创造了稳定且持续的市场。

在东京中心五区，2026年第二季租金增长最强劲的是15至30平方米的较小单位，平均租金按季上涨2.2%。30至45平方米单位录得较温和的0.8%增长，而较大的45至60平方米公寓租金当季下跌0.9%，尽管仍享有最高租金溢价。

展望未来，第一太平戴维斯预计市场正面动能将延续，受健康的租赁需求与强劲的人口基本面支撑。

该顾问公司表示，持续的净迁入东京、借贷成本上升以及公寓价格高企，可能促使更多家庭留在或进入租赁市场。

第一太平戴维斯亦预计，东京的就业与教育机会将继续吸引国内外迁入者，而持续的返办公室趋势可能鼓励更多上班族在就业中心附近寻找住房。与此同时，该市更可负担的外围区预计仍对面临可负担压力的家庭具吸引力，有助于维持东京23区的租赁需求。