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

Published by Statista Research Department, Dec 15, 2023

In the third quarter of 2023, the rent for grade C office space in the five central wards of Tokyo amounted to about 16.3 thousand Japanese yen per tsubo. Rents for grade C office buildings reached a peak of close to 21.2 thousand yen per tsubo in the first quarter of 2020.

Cost of rent for grade C office space in the five central wards of Tokyo from 3rd quarter 2017 to 3rd quarter 2023 (in 1,000 Japanese yen per tsubo)

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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

Statistic includes 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 fees.

Grade C is defined as follows:

Area per standard floor: 100 to less than 200 tsubo.

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 Q2 2020 come from previous reports.

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