Where do real estate and infrastructure occupiers lease office space in Tokyo?

Most cluster in Marunouchi & Otemachi. Rent runs ~50000 JPY/sqft ($113 USD) for trophy and prime stock.

What fit-out spec do real estate and infrastructure occupiers run in Tokyo?

Typically high-end at $185–270/sqft.

How much office space per seat should a real estate and infrastructure occupier plan in Tokyo?

Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.

What NAICS codes describe the real estate and infrastructure vertical?

Representative NAICS 2022 codes: 531, 237.

What is the talent index in Tokyo?

84/100. Use the city profile for full detail.

Real estate and infrastructure occupiers in Tokyo typically cluster in Marunouchi & Otemachi, plan ~215 sqft per seat at high-end fit-out ($185–270/sqft), and pay around 50000 JPY/sqft ($113 USD) on Class A.

Preferred submarket: Marunouchi & Otemachi.
Typical fit-out spec: High-end ($185–270/sqft).
Plan ~215 sqft per seat for headcount sizing.
Class A rent context: 50000 JPY/sqft ($113 USD).
Typical lease: 5 years with 4 months rent-free.
Talent depth in Tokyo: 84/100.

Real estate and infrastructure office space in Tokyo

Real estate and infrastructure occupiers in Tokyo typically cluster in Marunouchi & Otemachi, plan ~215 sqft per seat at high-end fit-out">fit-out ($185–270/sqft), and pay around 50000 JPY/sqft ($113 USD) on Class A.

TL;DR

Preferred submarket: Marunouchi & Otemachi.
Typical fit-out spec: High-end ($185–270/sqft).
Plan ~215 sqft per seat for headcount sizing.
Class A rent context: 50000 JPY/sqft ($113 USD).
Typical lease: 5 years with 4 months rent-free.
Talent depth in Tokyo: 84/100.

Where they cluster

Real estate and infrastructure occupiers in Tokyo typically anchor in Marunouchi & Otemachi. Sogo shosha, megabanks, foreign banks, top consulting firms.

What they pay

Class A rent in Tokyo runs 50000 JPY/sqft ($113 USD) on a 5-year lease with 4 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical real estate and infrastructure fit-out targets high-end specification at $185–270/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.

Headcount sizing

Plan around 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount real estate office in Tokyo typically targets 21,500 sqft of leasable area.

Talent angle

Sponsor and asset-management teams favor trophy CBD addresses with proximity to investment-banking and law-firm tenancy. The largest single-language white-collar talent pool in the world. Average all-in compensation for senior knowledge workers indexes 84 vs. New York's 100, though English-fluent bilingual talent commands a premium.

Tax and lease context

Headline corporate tax: 30.6%. Tokyo leases are typically 5-7 years with a 2-year tenant notice. Standard leases are 'fixed-term' (teiki shakuya) or 'ordinary' (futsu shakuya) — fixed-term is increasingly common for Grade A. Rent is base + common-area maintenance billed separately. Restoration to original (genjo kaifuku) is contractual and significant. Personal seal (jitsuin) requirements apply.

Key facts

city	Tokyo
industry	Real estate and infrastructure
naics	531, 237
preferredSubmarket	Marunouchi & Otemachi
preferredFitoutSpec	High-end
fitoutBand	$185–270/sqft
sqftPerSeat	215
classARentLocal	50000 JPY/sqft/yr
classARentUsd	$113/sqft/yr
vacancyPct	4.6%
typicalLeaseYears	5
typicalRentFreeMonths	4
talentIndex	84
corporateTaxPct	30.6%

Frequently asked questions

Where do real estate and infrastructure occupiers lease office space in Tokyo?: Most cluster in Marunouchi & Otemachi. Rent runs ~50000 JPY/sqft ($113 USD) for trophy and prime stock.
What fit-out spec do real estate and infrastructure occupiers run in Tokyo?: Typically high-end at $185–270/sqft.
How much office space per seat should a real estate and infrastructure occupier plan in Tokyo?: Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.
What NAICS codes describe the real estate and infrastructure vertical?: Representative NAICS 2022 codes: 531, 237.
What is the talent index in Tokyo?: 84/100. Use the city profile for full detail.

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. 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