The Latest Trends in the Real Estate Market: Estie Market Report July 2026

Introduction

The real estate market is continuously evolving, and staying informed about its trends is indispensable for stakeholders. Estie, a leading provider of commercial real estate data and AI solutions in Japan, has released its latest analysis in the Estie Market Report for July 2026. This report focuses on office properties in Tokyo's five central wards, namely Chiyoda, Chuo, Minato, Shinjuku, and Shibuya.

Overview of the July 2026 Report

In June 2026, the total area available for lease across these five central wards reached 41,800 tsubo, marking an increase of 108.4% compared to the previous month. However, the total area leased increased even more significantly to 45,639 tsubo, reflecting a 50.7% month-on-month rise. Consequently, the total available area decreased slightly by 1.2% from the previous month, standing at 303,399 tsubo.

District Analysis

Focusing on individual wards, Chiyoda saw a notable increase in the area leased out, with 9,765 tsubo ending its leasing, a 124.7% increase month-on-month, against only 6,884 tsubo newly available for lease. Likewise, Minato, the largest ward in terms of area, experienced a similar trend where 15,565 tsubo was leased out, representing a 31.3% increase, leaving 14,182 tsubo newly on the market.

Spotlight on the Sub-Market

A highlight of the report is the analysis of the sub-market around the Kayabacho, Hachobori, and Shinkawa areas. This sub-market experienced a prominent leasing activity with the large-scale end of the lease for the Nihon Seimei Higashi Yaesu building, totaling 2,064 tsubo. Conversely, new leasing activity was primarily comprised of smaller deals, such as the 173 tsubo available at ONE SHINKAWA. The dynamics within this area have been significantly influenced by the substantial leasing activities.

Who Should Read the Estie Market Report

This report would be invaluable for various stakeholders interested in gaining insights into the leasing dynamics of office real estate in Tokyo's central wards or the specifics of the sub-markets. Additionally, those curious about what data is available through the Estie Office Research service would find this report enlightening.

Download the Estie Market Report for July 2026

For those interested in reviewing the complete report, please register your request at the following link: Download Estie Market Report.
Note: The month-on-month comparisons in this report are based on the latest updated data and may not align with figures from previous editions.

Overview of Estie Office Research Service

Estie's Office Research provides a comprehensive database service essential for the office leasing industry. Over half of major developers utilize this service, which compiles information on approximately 80,000 properties across Japan, 500,000 tsubo of available lease data, and details on 240,000 rental contracts. This comprehensive dataset supports real estate decision-making for professionals in the industry. For those interested in a service demonstration, please fill out our application form.

About Estie

Estie aims to drive the digital transformation and enhancement of core business processes in the real estate sector with the purpose of "Unlocking the True Value of Industries." They offer one of Japan's largest databases for commercial real estate analysis—including the Estie Office Research and specialized AI solutions for various real estate aspects. The company continuously utilizes data to strategize and support the innovative progression and operational efficiency of businesses in the industry.