Japanese gross structure (rent inclusive of management fees).

  • Typical lease length: 5 years.
  • Typical rent-free: 4 months.
  • Vacancy: 5.4%; trend flat.
  • Japanese gross structure (rent inclusive of management fees).

Nagoya office lease norms

Japanese gross structure (rent inclusive of management fees).

TL;DR

  • Typical lease length: 5 years.
  • Typical rent-free: 4 months.
  • Vacancy: 5.4%; trend flat.
  • Japanese gross structure (rent inclusive of management fees).

Structure

Japanese gross structure (rent inclusive of management fees). 5-year terms standard with renewal options. Six-month security deposit typical. Rent-free of 2-5 months on 5-year terms.

Negotiating levers

Free rent and TI remain the most negotiable line items; landlords prefer concessions to face-rent cuts because they preserve headline rent and implied valuation. Always model effective rent (face minus PV of concessions).

Key facts

cityNagoya
countryJapan
regionAPAC
classARentLocal26000 JPY/sqft/yr
classARentUsd$208/sqft/yr
vacancy5.4%
typicalLeaseYears5
typicalRentFreeMonths4
submarkets5
primeYieldPct4%

Frequently asked questions

What's a typical lease term in Nagoya?
5 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.
How is rent quoted in Nagoya?
In JPY/sqft/year. We also publish a USD-normalised view ($208/sqft/yr) for cross-market comparison.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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