{
  "url": "https://classa.info/cities/tokyo",
  "title": "Tokyo Class A Office Market",
  "description": "The deepest, most stable Grade A market in APAC.",
  "oneSentenceAnswer": "Tokyo Class A office rents around ¥50,000/tsubo/mo · ≈ $113 PSF/yr USD, with 4.6% vacancy and 4 months of typical rent-free on a 5-year term.",
  "tldr": [
    "Central five-ward vacancy below 5% — APAC's tightest major market.",
    "Lease lengths typically 5-7 years, with 2-year notice.",
    "Reinstatement obligations are large — budget JPY 30-60k/sqm.",
    "ESG (CASBEE / WELL / LEED) is now standard for new trophy assets.",
    "Foreign occupiers make up a small but growing share of trophy demand."
  ],
  "keyFacts": {
    "city": "Tokyo",
    "country": "Japan",
    "region": "APAC",
    "classARentLocal": "¥50,000/tsubo/mo · ≈ $113 PSF/yr USD",
    "classARentUsd": "$112.97466220013939/sqft/yr",
    "vacancyPct": "4.6%",
    "typicalLeaseYears": 5,
    "typicalRentFreeMonths": 4,
    "submarkets": 6,
    "corporateTaxPct": "30.6%",
    "talentIndex": 84
  },
  "faqs": [
    {
      "question": "Are foreign tenants able to lease trophy Tokyo space?",
      "answer": "Yes, but landlord onboarding is rigorous. Expect to provide multi-year audited financials, parent guarantees if signing as a Japanese subsidiary, and to engage a local agent."
    },
    {
      "question": "What is genjo kaifuku?",
      "answer": "The contractual obligation to restore the leased premises to original condition at lease-end. For Grade A space this commonly costs JPY 30-60k per square meter. Budget it as a known cost from day one."
    },
    {
      "question": "What is the difference between fixed-term and ordinary leases?",
      "answer": "Fixed-term (teiki shakuya) leases end on the date in the contract — no renewal right. Ordinary (futsu shakuya) leases give the tenant strong renewal rights regardless of landlord preference. Trophy buildings increasingly favor fixed-term."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/tokyo), updated 2026-04-15T00:00:00.000Z."
}