Office rent in Tokyo's Shinjuku district 2014-2023

Published by Statista Research Department, Jan 11, 2024

The average office rent in Tokyo's Shinjuku district declined to around 17.9 thousand Japanese yen per tsubo in December 2023. The average office rent in Shinjuku peaked in 2020, at about 19.9 thousand yen.

Office rent in Tokyo's Shinjuku district from 2014 to 2023 (in 1,000 Japanese yen per tsubo)

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Release date

January 2024

Region

Japan

Survey time period

2014 to 2023

Special properties

as of December each year

Supplementary notes

Office buildings for rent with a standard floor area of 100 tsubo or more.

Excluding common area maintenance (CAM) charges and consumption tax.

Average rents are based on the terms of new offers for standard floors.

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 0.71 U.S. dollars or 0.64 euros as of January 2024.

Values have been rounded.

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