Rent for grade B office space in central Tokyo Q3 2017-Q3 2023

Cost of rent for grade B office space in the five central wards of Tokyo from 3rd quarter 2017 to 3rd quarter 2023

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Release date

November 2023

Region

Japan

Survey time period

Q3 2017 to Q3 2023

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 B is defined as all buildings meeting the following criteria excluding grade A buildings:

Area per standard floor: 200 tsubo or larger.

Years since construction: no limitation.

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 0.67 U.S. dollars or 0.62 euros as of December 2023.

Values have been rounded.

Figures prior to Q3 2020 come from previous reports.

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