Japan
Tokyo office market outlook remains optimistic despite some volatility ahead
Tokyo office market outlook remains optimistic despite some volatility ahead
The volatility from the influx of new supply in 2025 is not a major concern.
These new office projects are set to redefine Tokyo’s office market from 2025 and beyond
Mixed-use developments have become a defining standard for larger scale projects.
Tokyo Grade A office rents rise for fourth straight quarter in Q2
Rents increased by 1.9% YoY during the quarter.
Which Tokyo submarket saw the biggest Grade B office rental growth in Q2?
The average rents for Grade B office grew by 2.1% YoY during the quarter.
How demographic trends impact Tokyo’s residential market
Locals congregate in the capital whilst foreign migrants will be concentrated in central and east Tokyo.
These are the tailwinds for Tokyo’s residential leasing market
The prospects are bright despite the temporary pause in Q2.
Small vs large residential units: What’s performing better in Tokyo?
Smaller units range from 15-30 sqm whilst larger units range from 45-60sqm.
Tokyo Central residential rents inch up by 0.7% in Q2
Shinjuku and Minato saw the largest rental growth at 2.2% and 1.7%.
Tokyo Q2 residential occupancy rates fall to 96.2%
Occupancy rates in Central also fell to 96.1% during the quarter.
Tokyo residential rents slip by 0.2% in Q2
Rents across all submarkets breached pre-pandemic levels.
Tokyo Grade A office vacancy to hit 3% in 2025
The vacancy rate will continue to fall until 2027.
Why mixed-use office developments are on the rise in Japan
ESG is a key component of these new developments.
What does the future hold for Tokyo’s office market?
Heightened supply is expected in 2025 and 2028.
What to expect from Tokyo’s new office supply in 2026 and beyond
New supply will be moderate but will be dominated by large mixed-use projects.
Will the large influx of new supply in 2025 disrupt Tokyo’s office market?
The supply is expected to be greater than that of 2023.
Tokyo’s 2024 new office supply to be relatively moderate
The market is expected to stabilise further.
These are the notable retail projects to watch out for in Tokyo
A six-storey prime retail building is expected to be completed in Q2 2026.