Toranomon is a trophy-tier Class A submarket of Tokyo with average asking rent around ¥50,000/tsubo/mo · ≈ $113 PSF/yr USD.
Resurgent trophy submarket between Marunouchi and Roppongi. · Tier: trophy · Avg rent: ¥50,000/tsubo">tsubo/mo · ≈ $113 PSF/yr USD
Toranomon has transformed from a secondary government district into a trophy submarket on the back of Mori Building's Toranomon Hills cluster. Toranomon Hills Station Tower (2023) anchors the trophy tier.
Foreign banks, professional services, government-linked corporates.
Large column-free floor plates in Toranomon Hills Station Tower.
Toranomon Hills Station (Hibiya), Toranomon Station (Ginza), Kamiyacho (Hibiya).
Direct underground link to Toranomon Hills Station.
Toranomon Hills retail, Andaz Tokyo, Tokyo Edition.
Toranomon is one of 6 Class A submarkets we cover in Tokyo, classified as trophy tier with an average asking rent around ¥50,000/tsubo/mo · ≈ $113 PSF/yr USD. Compared with the broader Tokyo Class A stock, Toranomon typically attracts Foreign banks, professional services, government-linked corporates and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Toranomon: Marunouchi & Otemachi, Azabudai & Roppongi, Shibuya, Shinjuku. The full Tokyo submarket atlas is at /cities/tokyo.
For an institutional Class A occupier evaluating Toranomon, 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 trophy 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.