How much new space will Sapporo add and when will it arrive?

Around 60,200 tsubo (about 198,600 square meters) of new office space is planned over the next five years. Completions are expected mainly between 2026 and 2030 in central locations near Sapporo Station. Investors should track pre‑leasing updates and delivery schedules as contractors firm timelines and finalize tenant commitments.

How could Hyatt Centric Sapporo impact nearby offices?

A branded hotel like Hyatt Centric Sapporo can lift foot traffic, expand dining and services, and improve a location’s profile. That often supports weekday office activity and ground‑floor retail sales. For prime assets, stronger amenities can help sustain face rents and reduce concessions, especially when combined with efficient floorplates and transit access.

What should investors monitor in the Sapporo office market this year?

Focus on vacancy trends, net absorption, and pre‑leasing ratios at major projects. Watch rent‑free periods, tenant improvement allowances, and lease terms. Track construction updates, cost pressures, and any subsidy approvals. Mixed‑use vitality indicators, like hotel bookings and weekend retail demand, can offer early signals on CBD momentum and leasing depth.

Will public subsidies change project returns in Sapporo?

Subsidies can reduce upfront costs or enhance infrastructure, improving feasibility and risk‑adjusted returns. The impact varies by project and timing. Investors should review disclosures on subsidy amounts, conditions, and deadlines, and assess whether support is tied to sustainability features, community benefits, or transit links that strengthen long‑term asset performance.

Global Market Insights

Sapporo Office Market January 05: Record 5-Year Supply, Hyatt to Open

ByDanny Kontos January 5, 2026January 5, 2026

Japan’s Sapporo office market is set for its biggest five-year supply wave of this century. About 60,200 tsubo (approx. 198,600 square meters) of new space is planned through 2030, led by Grade A offices with hotel and retail components. Anchors include Hyatt Centric Sapporo within NTT Urban Development’s Urban Net Sapporo Link Tower, and ESCON’s 12‑story office at Kita 2 Nishi 2. We explain what this pipeline means for rents, vacancy, construction risk, and how investors in Japan can position portfolios ahead of key milestones in 2026.