Office rent in Tokyo's Shibuya district 2014-2023

Published by Statista Research Department, Jan 11, 2024

Average rent for office space in Tokyo's Shibuya district rose to approximately 22.5 thousand Japanese yen per tsubo in December 2023. That year Shibuya recorded the highest average rents for offices among the major business districts in Japan's capital, Tokyo. It was the only of the five wards recording an increase in average rents compared to 2022.

Office rent in Tokyo's Shibuya 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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