# Tokyo large-scale Grade B offices record 2.0% rental growth in Q2

- **Source:** Real Estate Asia
- **Published:** 2026-07-16T00:00:00.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/tokyo-large-scale-grade-b-offices-record-20-rental-growth-in-q2
- **Topics:** Commercial & Industrial, Regional Markets

## Featured rationale

Near-full occupancy and broad rental growth signal sustained tenant competition for limited space, which may preserve landlords’ pricing power across major submarkets.

## AI summary

Tokyo large-scale Grade B office rents rose 2.0% quarter-on-quarter and 17.7% year-on-year to JPY31,435 per tsubo in Q2 2026, while vacancy was 0.9%.

## Original article

Meanwhile, vacancy remains below 1%.

Tokyo's large-scale Grade B office market remained on a firm footing in Q2 2026, with rents and occupancy continuing to improve, according to Savills.

Average rents increased 2.0% QoQ and 17.7% YoY to JPY31,435 per tsubo. Shibuya recorded the strongest quarterly rental growth at 2.4%, followed by Shinjuku (2.3%) and Chuo (2.2%). Chiyoda's rents rose 1.7% over the quarter but posted annual growth of 20.9%, while Minato recorded the strongest yearly increase of 21.9% despite the smallest quarterly gain of 1.4%.

Savills said the average vacancy rate increased marginally by 0.1 ppts QoQ but declined by 0.5 ppts YoY to 0.9%. Shibuya posted the biggest quarterly improvement, with vacancy falling 0.2 ppts, while Minato improved by 0.1 ppts. Chiyoda maintained near-zero vacancy, Chuo recorded the largest annual tightening of 1.3 ppts, and Shinjuku's vacancy rose 0.7 ppts over the quarter but remained 0.5 ppts lower than a year earlier.

## Chinese translation

> Translation model: grok

### 东京大型乙级写字楼第二季租金增长2.0%

第一太平戴维斯（Savills）表示，在新增供应有限与租户需求强劲支撑下，东京写字楼市场有望在2027年前保持韧性、租金继续增长。

与此同时，空置率仍低于1%。

据第一太平戴维斯（Savills），2026年第二季东京大型乙级写字楼市场根基稳健，租金与出租率持续改善。

平均租金环比升2.0%、同比升17.7%，达每坪（tsubo）31,435日元。涩谷（Shibuya）录得最强季度租金增长2.4%，其次为新宿（Shinjuku）2.3%与中央区（Chuo）2.2%。千代田（Chiyoda）当季租金升1.7%，但同比增幅达20.9%；港区（Minato）尽管季度增幅最小仅1.4%，却录得最强年度涨幅21.9%。

Savills表示，平均空置率环比微升0.1个百分点，但同比下降0.5个百分点，至0.9%。涩谷季度改善最大，空置率下降0.2个百分点；港区改善0.1个百分点。千代田维持近零空置；中央区录得最大年度收紧1.3个百分点；新宿空置率当季上升0.7个百分点，但仍较一年前低0.5个百分点。