Plan 4–8 months end-to-end: 4 weeks scoping, 6–10 weeks shortlist and tours, 6–10 weeks LOI and lease negotiation, then 12–20 weeks fit-out before first occupancy.
Plan 4–8 months end-to-end: 4 weeks scoping, 6–10 weeks shortlist and tours, 6–10 weeks LOI and lease negotiation, then 12–20 weeks fit-out">fit-out before first occupancy.
1. Define occupancy economics in a spreadsheet first. 2. Lock the headcount and work-style assumptions. 3. Use the Office Space Calculator to size the requirement. 4. Identify the corporate entity, signatories, and credit support strategy.
5. Engage a tenant-rep broker who has worked Tokyo for 5+ years. 6. Tour 8–12 buildings; shortlist 3–5. 7. Demand a side-by-side that compares all candidates on identical assumptions.
8. Issue LOI with the full economic package — base rent, free rent, TI, escalations, options. 9. Negotiate to lease in 6–10 weeks. 10. Coordinate with local counsel on regional-specific provisions. Tokyo leases are typically 5-7 years with a 2-year tenant notice. Standard leases are 'fixed-term' (teiki shakuya) or 'ordinary' (futsu shakuya) — fixed-term is increasingly common for Grade A. Rent is base + common-area maintenance billed separately. Restoration to original (genjo kaifuku) is contractual and significant. Personal seal (jitsuin) requirements apply.
11. Run procurement in parallel with lease negotiation where possible. 12. Tie rent commencement to construction completion on heavy fit-outs. 13. Plan a 4-week ramp-up before peak occupancy.
| city | Tokyo |
|---|---|
| country | Japan |
| region | APAC |
| classARentLocal | 50000 JPY/sqft/yr |
| classARentUsd | $113/sqft/yr |
| vacancy | 4.6% |
| typicalLeaseYears | 5 |
| typicalRentFreeMonths | 4 |
| submarkets | 6 |
| primeYieldPct | 3% |
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.