Shibuya (prime, ~¥45,000/tsubo/mo · ≈ $102 PSF/yr USD) is one of 6 Tokyo Class A submarkets we track.

  • Shibuya sits at prime tier.
  • Average rent ¥45,000/tsubo/mo · ≈ $102 PSF/yr USD vs city average 50000.
  • Compared submarkets: Marunouchi & Otemachi (trophy), Azabudai & Roppongi (trophy), Shinjuku (prime).

Shibuya vs other Tokyo submarkets

Shibuya (prime, ~¥45,000/tsubo">tsubo/mo · ≈ $102 PSF/yr USD) is one of 6 Tokyo Class A submarkets we track.

TL;DR

  • Shibuya sits at prime tier.
  • Average rent ¥45,000/tsubo/mo · ≈ $102 PSF/yr USD vs city average 50000.
  • Compared submarkets: Marunouchi & Otemachi (trophy), Azabudai & Roppongi (trophy), Shinjuku (prime).

Side-by-side with peers

**Marunouchi & Otemachi** (trophy, ¥55,000/tsubo/mo · ≈ $124 PSF/yr USD) — Mitsubishi Estate's century-old corporate spine. **Azabudai & Roppongi** (trophy, ¥60,000/tsubo/mo · ≈ $136 PSF/yr USD) — Mori Building's mixed-use trophy district. **Shinjuku** (prime, ¥40,000/tsubo/mo · ≈ $90.4 PSF/yr USD) — Western HQ cluster around the world's busiest station. **Shinagawa** (prime, ¥38,000/tsubo/mo · ≈ $85.9 PSF/yr USD) — Shinkansen-linked HQ corridor south of central Tokyo. **Toranomon** (trophy, ¥50,000/tsubo/mo · ≈ $113 PSF/yr USD) — Resurgent trophy submarket between Marunouchi and Roppongi.

Key facts

cityTokyo
submarketShibuya
tierprime
averageRentLocal¥45,000/tsubo/mo · ≈ $102 PSF/yr USD
cityClassARentUsd$113/sqft/yr
cityVacancyPct4.6%

Frequently asked questions

What other submarkets compete with Shibuya in Tokyo?
Marunouchi & Otemachi, Azabudai & Roppongi, Shinjuku

Related

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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