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Cost of rent for grade C office space in the five central wards of Tokyo from 1st quarter 2018 to 2nd quarter 2025 (in 1,000 Japanese yen per tsubo)

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Sources

Release date

August 2025

Region

Japan

Survey time period

Q1 2018 to Q2 2025

Special properties

based on contracted rents

Supplementary notes

Statistic includes 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 fees.

Grade C is defined as follows:

Area per standard floor: 100 to less than 200 tsubo.

Years since construction: no limitation.

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 0.66 U.S. dollars or 0.58 euros as of August 2025.

Values have been rounded.

Figures prior to Q2 2022 come from previous reports.

Citation formats

Rent for grade C office space in central Tokyo Q1 2018-Q2 2025

Published by ÌÇÐÄÆƽâ°æ Research Department, Aug 5, 2025

In the second quarter of 2025, the rent for grade C office space in the five central wards of Tokyo amounted to about * Japanese yen per tsubo, up by around percent compared to the same quarter of the previous year. Rents for grade C office buildings reached a peak of close to * yen per tsubo in the first quarter of 2020.

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