Shibuya is a prime-tier Class A submarket of Tokyo with average asking rent around ¥45,000/tsubo/mo · ≈ $102 PSF/yr USD.
Tokyo's tech and creative-class capital. · Tier: prime · Avg rent: ¥45,000/tsubo">tsubo/mo · ≈ $102 PSF/yr USD
Shibuya is Tokyo's tech and digital-creative capital. Shibuya Sakura Stage, Scramble Square, and Stream complete a wave of trophy delivery. Strong Big Tech and startup tenancy.
Big Tech APAC HQs, gaming, advertising, startups (later-stage).
20-40,000 sqft floor plates in Scramble Square / Sakura Stage; smaller in older stock.
Shibuya Station (JR Yamanote, JR Saikyo, JR Shonan-Shinjuku, Ginza, Hanzomon, Fukutoshin, Den-en-toshi, Inokashira).
9 rail lines converge — best multi-line access in Tokyo.
Shibuya Crossing, Scramble Square Sky observation, Sakura Stage retail.
Shibuya is one of 6 Class A submarkets we cover in Tokyo, classified as prime tier with an average asking rent around ¥45,000/tsubo/mo · ≈ $102 PSF/yr USD. Compared with the broader Tokyo Class A stock, Shibuya typically attracts Big Tech APAC HQs, gaming, advertising, startups (later-stage) and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Shibuya: Marunouchi & Otemachi, Azabudai & Roppongi, Shinjuku, Shinagawa. The full Tokyo submarket atlas is at /cities/tokyo.
For an institutional Class A occupier evaluating Shibuya, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Tokyo Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.