According to a JLL survey, the total floor area of flexible offices in Tokyo’s five central wards exceeded 150,000 tsubo as of the end of the first half, while the number of locations reached 414, trending higher than at the end of the previous year. The survey indicated that demand for expansions and branch offices is supporting the market.
A survey compiled by JLL found that the flexible office market, including coworking spaces, serviced offices and shared offices with monthly contracts, expanded. Total floor area in Tokyo’s five central wards exceeded 150,000 tsubo as of the end of the first half, an increase of approximately 3,400 tsubo, or 2.3%, from the end of 2025. The number of locations reached 414.
The survey found that demand for flexible offices remains firm as they serve as a solution for companies seeking additional floor space or branch offices amid increasing pressure from falling vacancy rates and rising rents in the conventional office market. In the first half, some closed locations also reopened, in addition to new openings.
Factors supporting demand include tight office supply and demand and the need for diverse working styles. More companies are using facilities with flexible contract structures amid upward pressure on rents at contract renewals. Demand is expanding for spaces that allow agile responses to new business launches and business growth, and utilization rates are viewed as firm.
JLL expects newly opened floor area for full-year 2026 to total approximately 9,000 tsubo. Flexible offices are expected to maintain an occupancy share of approximately 2.1% in Tokyo’s Grade A office market, and opening plans through 2027 have also been announced.