Asking rent for office space in central Tokyo Q1 2024-Q2 2027

Published by Statista Research Department, Oct 25, 2024

In the second quarter of 2024, the asking rent for office space in the five central wards of Tokyo amounted to 22.7 thousand Japanese yen per tsubo. The asking rent was forecasted to reach around 24.4 thousand yen per tsubo in the second quarter of 2027.

Asking rent for office space in the five central wards of Tokyo from 1st quarter 2024 to 2nd quarter 2024 with a forecast until 2nd quarter 2027 (in 1,000 yen per tsubo)

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Release date

September 2024

Region

Japan

Survey time period

Q1 2024 to Q2 2024

Supplementary notes

*Forecasts.

Five central wards: Chiyoda Ward, Chuo Ward, Minato Ward, Shinjuku Ward, and Shibuya Ward.

Figures include common area maintenance (CAM) charges.

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 0.69 U.S. dollars or 0.62 euros as of October 2024.

Values have been rounded.

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