# Tokyo office fund strategy and flag

> For institutional fund strategies, Marunouchi & Otemachi carries the strongest investor flag in Tokyo, with prime yields around 3%.

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

## TL;DR
- Trophy submarket (Marunouchi & Otemachi) carries the strongest investor flag.
- Prime yield: 3%.
- Core funds buy income; value-add buys repositioning of secondary stock.
- Cap-rate spread between trophy and secondary has widened post-2022.

## Key facts
- **city**: Tokyo
- **country**: Japan
- **region**: APAC
- **classARentLocal**: ¥50,000/tsubo/mo · ≈ $113 PSF/yr USD
- **classARentUsd**: $113/sqft/yr
- **vacancy**: 4.6%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 4
- **submarkets**: 6
- **primeYieldPct**: 3%
- **primeYield**: 3%
- **trophyAnchor**: Marunouchi & Otemachi

## FAQ
### Where do core funds buy in Tokyo?
Trophy submarket — Marunouchi & Otemachi — and the most defensible long-WAULT assets within it.

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