Office rent in Tokyo's main business districts 2014-2023

Published by Statista Research Department, Jan 11, 2024

In December 2023, the average rent for office space in the central business districts in Tokyo amounted to around 19.8 thousand Japanese yen per tsubo, declining for the fourth consecutive year. Tokyo's main business districts comprise the wards of Chiyoda, Chuo, Minato, Shinjuku, and Shibuya.

Office rent in the main business districts of Tokyo 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

Business districts include Chiyoda Ward, Chuo Ward, Minato Ward, Shinjuku Ward, and Shibuya Ward.

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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