Tokyo office rents hit fresh 3-decade high as market tightens

PropertySome landlords sit on completed new properties, waiting for prices to keep risingMitsubishi Estate's Otemachi Gate Building was nearly full about a year before completion, a project head said. (Photo by Kazuho Fujiwara)MISAKI MORIKAWAAugust 7, 2026 02:17 JSTTOKYO -- Average asking rents for office space in central Tokyo reached a new 31-year high in July as sustained strong demand from companies relocating and expanding their offices gave property owners the upper hand.Read NextLatest on Property