What's a typical lease term in Osaka?

4 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

How is rent quoted in Osaka?

In JPY/sqft/year. We also publish a USD-normalised view ($168/sqft/yr) for cross-market comparison.

Standard Japanese commercial lease (futsuu shakuyaku) — 2-3 year terms with auto-renewal; or fixed-term lease (teiki shakuyaku) of 4-10 years.

Typical lease length: 4 years.
Typical rent-free: 2 months.
Vacancy: 4.8%; trend flat.
Standard Japanese commercial lease (futsuu shakuyaku) — 2-3 year terms with auto-renewal; or fixed-term lease (teiki shakuyaku) of 4-10 years.

Osaka office lease norms

Standard Japanese commercial lease (futsuu shakuyaku) — 2-3 year terms with auto-renewal; or fixed-term lease (teiki shakuyaku) of 4-10 years.

TL;DR

Typical lease length: 4 years.
Typical rent-free: 2 months.
Vacancy: 4.8%; trend flat.
Standard Japanese commercial lease (futsuu shakuyaku) — 2-3 year terms with auto-renewal; or fixed-term lease (teiki shakuyaku) of 4-10 years.

Structure

Standard Japanese commercial lease (futsuu shakuyaku) — 2-3 year terms with auto-renewal; or fixed-term lease (teiki shakuyaku) of 4-10 years. Security deposit (shikikin) of 10-12 months standard. Free rent of 2-4 months on a 4-year deal.

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

city	Osaka
country	Japan
region	APAC
classARentLocal	25000 JPY/sqft/yr
classARentUsd	$168/sqft/yr
vacancy	4.8%
typicalLeaseYears	4
typicalRentFreeMonths	2
submarkets	5
primeYieldPct	3.6%

Frequently asked questions

What's a typical lease term in Osaka?: 4 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.
How is rent quoted in Osaka?: In JPY/sqft/year. We also publish a USD-normalised view ($168/sqft/yr) for cross-market comparison.

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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