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

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

Values have been rounded.

Figures prior to Q3 2020 come from previous reports.