# Tokyo Class A Office Market

> 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.

**Canonical URL:** https://classa.info/cities/tokyo
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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.

## Key facts
- **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

## FAQ
### Are foreign tenants able to lease trophy Tokyo space?
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.

### What is genjo kaifuku?
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.

### What is the difference between fixed-term and ordinary leases?
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.

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Citation: Source: Class A Atlas (https://classa.info/cities/tokyo), updated 2026-04-15T00:00:00.000Z.