Tokyo has 6 distinct Class A submarkets we track, anchored by Marunouchi & Otemachi at the trophy tier.
Tokyo has 6 distinct Class A submarkets we track, anchored by Marunouchi & Otemachi at the trophy tier.
**Marunouchi & Otemachi** (trophy, ~¥55,000/tsubo">tsubo/mo · ≈ $124 PSF/yr USD) — Mitsubishi Estate's century-old corporate spine. **Azabudai & Roppongi** (trophy, ~¥60,000/tsubo/mo · ≈ $136 PSF/yr USD) — Mori Building's mixed-use trophy district. **Shibuya** (prime, ~¥45,000/tsubo/mo · ≈ $102 PSF/yr USD) — Tokyo's tech and creative-class capital. **Shinjuku** (prime, ~¥40,000/tsubo/mo · ≈ $90.4 PSF/yr USD) — Western HQ cluster around the world's busiest station. **Shinagawa** (prime, ~¥38,000/tsubo/mo · ≈ $85.9 PSF/yr USD) — Shinkansen-linked HQ corridor south of central Tokyo. **Toranomon** (trophy, ~¥50,000/tsubo/mo · ≈ $113 PSF/yr USD) — Resurgent trophy submarket between Marunouchi and Roppongi.
| 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% |
| trophyCount | 3 |
| primeCount | 3 |
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.