# Tokyo Class A office rents and incentives

> Headline Class A rent in Tokyo is around ¥50,000/tsubo/mo · ≈ $113 PSF/yr USD, with 4 months of typical rent-free on a 5-year term.

**Canonical URL:** https://classa.info/cities/tokyo/rents-and-incentives
**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
- Headline Class A rent: ¥50,000/tsubo/mo · ≈ $113 PSF/yr USD.
- Trophy submarket rents (Marunouchi & Otemachi) push to roughly ¥55,000/tsubo/mo · ≈ $124 PSF/yr USD.
- Typical concessions on a 5-year deal: 4 months free rent.
- Vacancy stands at 4.6% — market trend is rising.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## 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%
- **trophyRent**: ¥55,000/tsubo/mo · ≈ $124 PSF/yr USD
- **primeRent**: ¥45,000/tsubo/mo · ≈ $102 PSF/yr USD

## FAQ
### What is the average Class A rent in Tokyo?
Around ¥50,000/tsubo/mo · ≈ $113 PSF/yr USD across the broader Class A index. Trophy submarkets like Marunouchi & Otemachi command 20–40% above that.

### How many months of rent-free are normal in Tokyo?
4 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 Tokyo?
The Tokyo Class A market is currently rising. Vacancy is 4.6%, which sets the negotiating context.

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