# Tokyo residential rents rise 5.3% annually in Q2

- **Source:** Real Estate Asia
- **Published:** 2026-07-27T23:00:40.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/residential/news/tokyo-residential-rents-rise-53-annually-in-q2
- **Topics:** Regional Markets

## Featured rationale

Annual rental gains across every area signal broad mid-market resilience, which could strengthen landlord pricing power and increase tenant competition across central and outer submarkets.

## AI summary

Average residential rents across Tokyo's 23 wards rose 2.8% quarter-on-quarter and 5.3% year-on-year in Q2 2026 to JPY4,829 per sq m.

## Original article

Rents in the central five wards rose for the twelfth consecutive quarter.

Tokyo's residential leasing market continued to strengthen in the second quarter of 2026, with average rents across the city's 23 wards rising 2.8% quarter-on-quarter and 5.3% year-on-year to JPY4,829 per sq m, according to Savills.

Savills said most wards recorded quarterly rental growth, while every area posted annual gains, reflecting continued resilience in the mid-market rental sector.

The central five wards (C5W) recorded a twelfth consecutive quarter of rental growth, with average rents increasing 1.4% quarter-on-quarter and 5.2% year-on-year to JPY5,831 per sq m. Chiyoda led quarterly growth within the C5W at 3.4%, followed by Shinjuku (2.4%) and Chuo (2.1%), while Minato was the only ward to record a quarterly decline, easing 0.8%.

On an annual basis, Chuo posted the strongest increase in the C5W, with rents climbing 7.9%, ahead of Minato and Shibuya, both up 5.6%.

According to Savills, the Inner North submarket was the strongest quarterly performer among all submarkets, with rents increasing 2.7% quarter-on-quarter and 6.8% annually to JPY5,083 per sq m. Bunkyo recorded the largest quarterly increase outside the C5W, rising 3.8%.

The South submarket posted rental growth of 1.6% quarter-on-quarter and 6.4% year-on-year, while the Inner East and West submarkets both recorded quarterly gains of 1.9%.

Savills also highlighted strong annual growth in the Outer North submarket, where rents increased 8.3% year-on-year to JPY4,258 per sq m, the highest annual growth across all submarkets. The Outer East recorded a more modest quarterly increase of 1.0%, although annual rental growth remained robust at 6.6%.

## Chinese translation

> Translation model: grok

### 东京住宅租金第二季同比上涨5.3%

东京住宅租赁市场在2026年第二季继续走强，全市23区平均租金环比上涨2.8%

中央五区租金连续第十二个季度上涨。

据第一太平戴维斯（Savills）称，东京住宅租赁市场在2026年第二季继续走强，全市23区平均租金环比上涨2.8%、同比上涨5.3%，至每平方米4,829日元。

Savills表示，多数区录得季度租金增长，所有区域均实现年度上涨，反映中端租赁市场持续具有韧性。

中央五区（C5W）录得连续第十二个季度租金增长，平均租金环比上升1.4%、同比上升5.2%，至每平方米5,831日元。中央五区内，千代田区季度增幅居首，为3.4%，其次是新宿区（2.4%）和中央区（2.1%），而港区是唯一录得季度下跌的区，回落0.8%。

按年计，中央区在中央五区中增幅最强，租金上升7.9%，领先于港区与涩谷区（均上涨5.6%）。

据Savills称，内北次市场是所有次市场中季度表现最强的，租金环比上涨2.7%、同比上涨6.8%，至每平方米5,083日元。文京区录得中央五区以外最大的季度增幅，上升3.8%。

南部次市场租金环比上涨1.6%、同比上涨6.4%，而内东与西部次市场均录得1.9%的季度涨幅。

Savills还指出，外北次市场年度增长强劲，租金同比上升8.3%至每平方米4,258日元，为所有次市场中最高的年度增幅。外东区季度涨幅较为温和，为1.0%，但年度租金增长仍稳健，达6.6%。