# Tokyo Grade A office rents jump 17.9% annually in Q3

- **Source:** Real Estate Asia
- **Published:** 2026-10-26T00:15:00.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/tokyo-grade-office-rents-jump-179-annually-in-q3
- **Topics:** Commercial & Industrial, Regional Markets

## Featured rationale

Limited availability and sustained occupier demand signal a tight central Tokyo office market that may maintain upward rental pressure for high-quality space across the five central wards.

## AI summary

Average Tokyo C5W Grade A office rents rose 3.9% quarter-on-quarter and 17.9% year-on-year to JPY43,467 per tsubo in Q3 2026.

## Original article

Chuo recorded the strongest rental growth both quarterly and annually.

Tokyo's Grade A office market continued to record robust rental growth in the third quarter of 2026, with limited availability and sustained demand pushing rents higher across all five central wards, according to Savills.

Average Grade A office rents in the C5W rose 3.9% quarter-on-quarter and 17.9% year-on-year to JPY43,467 per tsubo in Q3 2026, Savills reported. Chuo recorded the strongest rental growth both quarterly and annually, reflecting continued demand and the absorption of available space.

Vacancy across the C5W edged down by 0.1 percentage points quarter-on-quarter after increasing slightly in the previous quarter, while remaining unchanged year-on-year.

Savills said office availability remained particularly limited in Chiyoda, Minato, Shibuya and Shinjuku, underscoring the tight conditions facing occupiers seeking high-quality space in central Tokyo.

In Chuo, meanwhile, the market continued to absorb vacant space in recently completed developments, although overall vacancy remained low.

The consultancy's latest findings point to continued upward pressure on Grade A rents as occupiers compete for limited modern office space across Tokyo's central business districts.

## Chinese translation

> Translation model: grok_cli

### 东京甲级写字楼租金第三季度同比跃升17.9%

东京甲级写字楼市场在2026年第三季度继续录得强劲租金增长，有限的可供应面积与持续需求推高租金

中央区（Chuo）的季度与年度租金增幅均为最强。

据第一太平戴维斯（Savills）称，东京甲级写字楼市场在2026年第三季度继续录得强劲租金增长，有限的可供应面积和持续需求推动全部五个中心区的租金走高。

第一太平戴维斯报告称，2026年第三季度，中心五区（C5W）甲级写字楼平均租金环比上升3.9%、同比上升17.9%，至每坪43,467日元。中央区（Chuo）的季度及年度租金增幅均为最强，反映出需求持续以及可供应面积被吸纳。

中心五区空置率在上一季度略有上升之后，环比微降0.1个百分点，同比则保持不变。

第一太平戴维斯表示，千代田（Chiyoda）、港区（Minato）、涩谷（Shibuya）和新宿（Shinjuku）的办公楼可供应面积仍然尤为有限，凸显在东京中心区寻求高品质空间的占用方所面临的紧张状况。

与此同时，中央区市场继续吸纳近期竣工项目中的空置面积，不过整体空置率仍然较低。

该咨询公司的最新研究结果显示，随着占用方在东京各中央商务区争夺有限的现代化办公空间，甲级租金持续面临上行压力。