What is the average Class A rent in Yokohama?

Around 31000 JPY/sqft/yr ($248 USD) across the broader Class A index. Trophy submarkets like Minato Mirai 21 command 20–40% above that.

How many months of rent-free are normal in Yokohama?

6 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Yokohama?

The Yokohama Class A market is currently flat. Vacancy is 6.8%, which sets the negotiating context.

Headline Class A rent in Yokohama is around 31000 JPY/sqft/yr ($248 USD), with 6 months of typical rent-free on a 5-year term.

Headline Class A rent: 31000 JPY/sqft/yr ($248 USD).
Trophy submarket rents (Minato Mirai 21) push to roughly ¥32,000/tsubo/mo · ≈ $72.3 PSF/yr USD.
Typical concessions on a 5-year deal: 6 months free rent.
Vacancy stands at 6.8% — market trend is flat.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Yokohama Class A office rents and incentives

Headline Class A rent in Yokohama is around 31000 JPY/sqft/yr ($248 USD), with 6 months of typical rent-free on a 5-year term.

TL;DR

Headline Class A rent: 31000 JPY/sqft/yr ($248 USD).
Trophy submarket rents (Minato Mirai 21) push to roughly ¥32,000/tsubo">tsubo/mo · ≈ $72.3 PSF/yr USD.
Typical concessions on a 5-year deal: 6 months free rent.
Vacancy stands at 6.8% — market trend is flat.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Yokohama are quoted in JPY per sqft per year. Across the broad Class A index the figure is 31000, but the trophy tier in Minato Mirai 21 reaches roughly ¥32,000/tsubo/mo · ≈ $72.3 PSF/yr USD. Always discount headline rent by the present value of free rent and tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Yokohama concessions on a 5-year Class A lease run to 6 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — Japanese corporate tax of 23.2% federal plus local surcharges — combined effective rate near 30.62%. 10% consumption tax.

Where rents land by submarket

Minato Mirai 21 sits at the top end (~¥32,000/tsubo/mo · ≈ $72.3 PSF/yr USD). Kannai / Bashamichi clears around ¥22,000/tsubo/mo · ≈ $49.7 PSF/yr USD as the prime tier. Motomachi / Chinatown / Yamashita represents the value end at ~¥18,000/tsubo/mo · ≈ $40.7 PSF/yr USD. The full submarket map is on the Yokohama city page.

Key facts

city	Yokohama
country	Japan
region	APAC
classARentLocal	31000 JPY/sqft/yr
classARentUsd	$248/sqft/yr
vacancy	6.8%
typicalLeaseYears	5
typicalRentFreeMonths	6
submarkets	5
primeYieldPct	3.8%
trophyRent	¥32,000/tsubo/mo · ≈ $72.3 PSF/yr USD
primeRent	¥22,000/tsubo/mo · ≈ $49.7 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Yokohama?: Around 31000 JPY/sqft/yr ($248 USD) across the broader Class A index. Trophy submarkets like Minato Mirai 21 command 20–40% above that.
How many months of rent-free are normal in Yokohama?: 6 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Yokohama?: The Yokohama Class A market is currently flat. Vacancy is 6.8%, which sets the negotiating context.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction