Sapporo to see 13,000 tsubo of new office space in 2026

This is after a wave of new completions in the second half of 2025.

Sapporo’s office property market saw a wave of new completions in the second half of the year, with further supply scheduled for 2026, as improving employment conditions and investment activity continue to support demand, according to a report from Savills.

Several new office developments were completed in H2, adding close to 6,000 tsubo of office space to the market. Key additions included HULIC SQUARE SAPPORO and the MipLa Sapporo Station Building, both located near Sapporo Station, as well as the Minami-2 Nishi-6 Building close to Odori Station.

The report noted that the most significant completion was HULIC SQUARE SAPPORO, which delivered approximately 3,000 tsubo of office space alongside retail and hotel components, reflecting a continued trend towards mixed-use developments in the city.

Looking ahead, Savills said Sapporo is expected to welcome around 13,000 tsubo of net rentable area (NRA) in 2026. The largest upcoming project is the Urbannet Link Sapporo Tower, which is set to contribute roughly 7,000 tsubo of office space and will also incorporate hotel and retail uses. Other developments scheduled for completion in early 2026 include THE VILLAGE SAPPORO and the S-BUILDING Sapporo Odori Kita.

On the demand side, Savills noted that employment levels in Hokkaido have continued to rise, bucking the broader nationwide labour shortage in Japan. This trend is expected to underpin demand for modern and flexible office space, particularly as occupiers adapt to evolving workplace requirements.

Sapporo has also been designated, along with other major Japanese cities, as a Special Zone for Financial and Asset Management Businesses, a move aimed at attracting financial institutions and investment-related firms. In addition, the region has seen growing semiconductor-related investment, further strengthening the city’s appeal as a business location.

Savills said these factors are likely to drive relocation-driven office demand in the coming years, positioning Sapporo’s office market for continued activity as new supply enters the market.