Japan: grade A office rent in Tokyo's central wards 2022

In the third quarter of 2022, the cost of rent for grade A office space in the five central wards of Tokyo amounted to about 27.4 thousand Japanese yen per tsubo. Tokyo's main business districts are located in the city's five central wards Chiyoda, Chuo, Minato, Shinjuku, and Shibuya.

Cost of rent for grade A office space in the five central wards of Tokyo from 3rd quarter 2017 to 3rd quarter 2022 (in 1,000 Japanese yen per tsubo)

Characteristic	Rent in thousand Japanese yen per tsubo
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Release date

November 2022

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Region

Japan

Survey time period

Q3 2017 to Q3 2022

Special properties

based on contracted rents

Supplementary notes

Central Tokyo: Chiyoda Ward, Chuo Ward, Minato Ward, Shinjuku Ward, Shibuya Ward, and other major business districts in surrounding areas.
Figures are based on a statistical analysis of contracted rents, excluding common area maintenance (CAM) charges.
Grade A is defined as follows:
Total floor area: 10,000 tsubo or larger /area per standard floor: 300 tsubo or larger.
Years since construction: maximum of 15 years, major refurbishments are taken into consideration.
Facilities: ceiling height of 2.7 meters or more, individual air conditioning, high anti-seismic and environmental performance.

Tsubo is an area unit in the Japanese system of weights and measures (1 tsubo equals around 3.31 square meters).

100 Japanese yen equal 0.74 U.S. dollars or 0.70 euros as of December 2022.
Values have been rounded.

Figures prior to Q3 2019 come from previous reports.

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