Shinagawa is a prime-tier Class A submarket of Tokyo with average asking rent around ¥38,000/tsubo/mo · ≈ $85.9 PSF/yr USD.
Shinkansen-linked HQ corridor south of central Tokyo. · Tier: prime · Avg rent: ¥38,000/tsubo">tsubo/mo · ≈ $85.9 PSF/yr USD
Shinagawa serves as a southern HQ corridor anchored by direct Shinkansen access and Haneda Airport proximity. Strong tech, telecom, and pharmaceutical tenancy.
Tech, telecom, pharmaceutical, manufacturer HQs.
30-50,000 sqft floor plates in newer stock.
Shinagawa Station (Tokaido Shinkansen, JR Yamanote, JR Keihin-Tohoku, JR Tokaido, Keikyu).
Haneda 13 minutes via Keikyu.
Wing Takanawa, Shinagawa Intercity, Konan promenade.
Shinagawa is one of 6 Class A submarkets we cover in Tokyo, classified as prime tier with an average asking rent around ¥38,000/tsubo/mo · ≈ $85.9 PSF/yr USD. Compared with the broader Tokyo Class A stock, Shinagawa typically attracts Tech, telecom, pharmaceutical, manufacturer HQs and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Shinagawa: Marunouchi & Otemachi, Azabudai & Roppongi, Shibuya, Shinjuku. The full Tokyo submarket atlas is at /cities/tokyo.
For an institutional Class A occupier evaluating Shinagawa, 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.