Asking rent for office space in central Tokyo Q2 2020-Q1 2025

Published by Statista Research Department, Nov 7, 2023

In the first quarter of 2022, the asking rent for office space in the five central wards of Tokyo amounted to about 22.46 thousand Japanese yen per tsubo. The asking rent was forecasted to reach around 22.89 thousand yen per tsubo in the first quarter of 2025.

Asking rent for office space in the five central wards of Tokyo from 2nd quarter 2020 to 3rd quarter 2021 with a forecast until 1st quarter 2025 (in 1,000 yen per tsubo)

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Release date

July 2022

Region

Japan

Survey time period

Q2 2020 to Q1 2022

Supplementary notes

*Forecasts.
Figures prior to Q4 2021 come from previous reporting.

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 0.74 U.S. dollars or 0.70 euros as of December 2022.
Values have been rounded.

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