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Estie Market Report August 2026

The leading commercial real estate data provider, estie, headquartered in Minato City, Tokyo, has released the latest edition of its market trends report for August 2026, titled the Estie Market Report. This issue provides an in-depth analysis of office property supply and demand dynamics in Tokyo's central five districts: Chiyoda, Chuo, Minato, Shinjuku, and Shibuya.

Overview of August 2026 Report

In July 2026, a total of 67,203 tsubo (approximately 221,000 square meters) of office space became available for lease in the central five districts, marking a significant 57.2% increase compared to the previous month. This surge greatly outpaced the withdrawal of 32,972 tsubo, resulting in a total available area stock of 330,761 tsubo, which is an 11.5% increase from the previous month.

Analyzing the districts individually, Chiyoda saw a remarkable increase in available space, with 44,546 tsubo newly listed (an astonishing spike of 553.3% month-over-month), while the space withdrawn limited to 8,336 tsubo (a reduction of 7.5%). Consequently, the stock of available office space in Chiyoda surged by 80.4%. This dramatic rise is primarily due to the new listings from the under-construction HIBIYA CROSS PARK South Tower, which is expected to complete in March 2029, adding 40,598 tsubo of Grade A office space to the market.

In contrast, the activity in the other four districts exhibited more stable trends: Chuo recorded 88,646 tsubo (a slight decrease of 0.1%), Minato with 106,955 tsubo (down by 0.7%), Shinjuku increased slightly to 30,226 tsubo (up by 0.3%), and Shibuya noted a drop to 23,694 tsubo (down by 5.0%).

Supply-Summary for Central Five Districts for July 2026

Key Submarkets under Review

The report specifically highlights the submarket of the inner-city areas of Uchisaiwaicho, Kasumigaseki, and Nagatacho, where the HIBIYA CROSS PARK South Tower contributed significantly to the projected new supply. In this area, fresh listings reached 40,839 tsubo (11.41% of the total lettable area), and the space withdrawn remained low at just 284 tsubo (0.08%). The potential vacancy rate, however, remained minimal at 0.48%, exhibiting a slight decrease of 0.01 percentage points despite the new supply, as only completed properties are included in the vacancy calculations.

The Ohsaki and Kitashinagawa area saw new listings rise to 7,616 tsubo (accounting for 2.68% of the total lettable area) due to the full occupancy of buildings in the area, with its potential vacancy rate notably escalating to 5.26%—an increase of 2.12 percentage points.

Focus on Key Submarkets: Uchisaiwaicho, Kasumigaseki, Nagatacho / Ohsaki, Kitashinagawa

For those interested in the trends of rental office real estate and the supply-demand dynamics in Tokyo's central five districts, the Estie Market Report offers a detailed overview. Additionally, if you wish to see the kind of data available through Estie's Office Research, a complete dataset covering all 42 areas in the five districts can be downloaded.

Please note that the month-on-month comparisons in this report reflect the latest data updates and may not align with figures from previous reports.

Download the Latest Estie Market Report

Interested parties can download the full report to access detailed data on all 42 areas within the central five districts. The Estie Office Research platform is designed to support decision-making for real estate businesses by providing comprehensive data resources, including over 80,000 properties, 500,000 tsubo of rental information, and insights on tenant companies across major urban areas.

For a demonstration of our services or to learn more about what data can be accessed, please fill out the registration form on our website.

About Estie

Estie is dedicated to driving the digital transformation of the real estate industry while enhancing efficiency and sophistication within core business practices. The company offers a robust analysis foundation for the commercial real estate sector, with offerings tailored to developers, institutional investors, and financial institutions. Services include the Estie Office Research, Estie Residencial Research, Estie Logistics Research, and more, all leveraging proprietary AI technology for strategic planning and operational enhancements.

• - Company Name: Estie, Inc.
• - Location: 9-7-2 Akasaka, Tokyo Midtown East 4F, Minato City, Tokyo 107-6204
• - Representative: Akira Hirai, CEO
• - Established: December 2018
• - Corporate Website: Estie Official Site
• - Official X: Estie Corp on X