Minato Mirai 21 is a trophy-tier Class A submarket of Yokohama with average asking rent around ¥32,000/tsubo/mo · ≈ $72.3 PSF/yr USD.
Master-planned waterfront trophy. · Tier: trophy · Avg rent: ¥32,000/tsubo">tsubo/mo · ≈ $72.3 PSF/yr USD
Minato Mirai 21 (MM21) is Yokohama's principal trophy submarket — Yokohama Landmark Tower, Nissan Global Headquarters, Queen's Tower, and a deep mixed-use Class A cluster.
Automotive (Nissan), tech, banking, retail HQs, hospitality.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Minatomirai Line, JR Negishi Line (Sakuragicho), Tokyu Toyoko (extended).
Multi-modal transit captures the metro's principal professional catchment.
Yokohama Landmark Tower, Cosmo Clock 21, Pacifico Yokohama.
Minato Mirai 21 is one of 5 Class A submarkets we cover in Yokohama, classified as trophy tier with an average asking rent around ¥32,000/tsubo/mo · ≈ $72.3 PSF/yr USD. Compared with the broader Yokohama Class A stock, Minato Mirai 21 typically attracts Automotive (Nissan), tech, banking, retail HQs, hospitality and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Minato Mirai 21: Yokohama Station West / East, Kannai / Bashamichi, Shin-Yokohama, Motomachi / Chinatown / Yamashita. The full Yokohama submarket atlas is at /cities/yokohama.
For an institutional Class A occupier evaluating Minato Mirai 21, 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 Yokohama Class A leasing and to the trophy tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.