"Tokyo's office market extended its growth streak in Q3/2025, with rents rising towards pre-pandemic levels and vacancies tightening further. Large volumes of new supply entered the market with high occupancy rates driven by strong pre-leasing activity. The growing scarcity of prime space leaves large corporations with limited options, accelerating relocation decisions and rental momentum. "

"August sees a flurry of smaller transactions as the year-to-date deal count reaches 50 transactions"

"Welcome to your latest Central London office market watch, exploring insight from the City and West End office occupational markets"

"The market is currently flatlining, but there’s an expectation of a better final quarter for this year"

"The office market across the Greater Tokyo area maintained steady growth and demonstrated resilience even during the pandemic, albeit at a more moderate growth compared to the Tokyo C5W. A handful of big-ticket transactions were observed across the different submarkets. More affordable rents in these areas translate to a strong demand especially amongst SMEs, resulting in low vacancy rates and modest growth in average rents. Value-added opportunities have been emerging in older assets in well-located areas, especially those owned by ageing landlords looking to exit. Elevated construction costs limit future supply, which guarantees rental growth for well-maintained stocks with modern amenities."

"The first wave of purpose-built science and innovation real estate is starting to complete across each market area, which will help facilitate the expansion of the cluster"

"The Cardiff occupational story remains positive, with solid rental growth anticipated"

"Welcome to your latest Central London office market watch, exploring insight from the City and West End office occupational markets"

"Demand for Prime office space is rising amid solid employment growth and a stronger economic outlook, while lower interest rates and stabilising asset prices are boosting investor sentiment."