Latest Trends in the Real Estate Market: estie Market Report, June 2026

The estie Company, based in Minato, Tokyo, has released the latest edition of its real estate market trend report, the "estie Market Report" for June 2026. This edition focuses on analyses conducted through estie's proprietary office research, specifically looking at the supply and demand dynamics of office properties in Tokyo’s central five districts: Chiyoda, Chuo, Minato, Shinjuku, and Shibuya.

In May 2026, a significant shift was observed in the market dynamics of these central districts. The total area for new vacancies reported was 18,717 tsubo, representing a notable decrease of 38.5% from the previous month. Conversely, the area for vacancies ending surged to 42,044 tsubo, marking a dramatic 34.8% increase. The overall stock of vacancy areas decreased by 7.6%, settling at 284,927 tsubo.

When considering the individual administrative areas, Minato ward saw a new vacancy area of 7,199 tsubo, while the area for ended vacancies rose significantly to 17,675 tsubo (up 36.0% from the previous month). This resulted in a shrinking overall stock of vacancy areas by 8.6%. In Chuo ward, however, new vacancy areas showed a sharp decline, falling 65.0% month-on-month, while ended vacancies saw a substantial increase of 72.3% leading to a significant contraction of overall stock by 9.2%.

A special spotlight in this report is shone on the submarket area of "Ichigaya-Kagurazaka". In May 2026, there were virtually no new vacancy listings, while notable ended vacancies included KS Building (740 tsubo) and THE PORTAL iidabashi (341 tsubo), which contributed to a considerable reduction in vacancy stock. Although new floor supply is scarce in this area, the ongoing absorption of existing spaces indicates a tightening supply-demand tendency.

Who Should Read the estie Market Report?

- Individuals or businesses wanting to comprehend the rental office real estate trends in the central five districts or specific submarkets.
- Those interested in exploring the types of data available through the “estie Office Research” service.

Download the June 2026 Edition of the estie Market Report

Those wishing to access this report can do so through the following link: Download Report.

Overview of the estie Office Research Service

The “estie Office Research” provides comprehensive data for the office leasing industry, making it one of the largest data infrastructure services in Japan. It is utilized by more than half of major developers, offering a total coverage of building information from 80,000 properties across the nation, with 500,000 tsubo of vacancy information and 240,000 rental price data from over 450,000 tenant companies in major urban areas. This extensive resource supports real estate companies’ decision-making processes. Interested parties can apply for service demonstrations through the designated application form.

About estie Co., Ltd.

estie, founded in December 2018, is driven by the purpose of "Unlocking the True Value of Industries". The company is leading the digital transformation of the real estate sector and enhancing the efficiency and sophistication of core business operations. They offer a range of services, including the largest commercial real estate data analysis platform in Japan,