Shinagawa (prime, ~¥38,000/tsubo/mo · ≈ $85.9 PSF/yr USD) is one of 6 Tokyo Class A submarkets we track.

  • Shinagawa sits at prime tier.
  • Average rent ¥38,000/tsubo/mo · ≈ $85.9 PSF/yr USD vs city average 50000.
  • Compared submarkets: Marunouchi & Otemachi (trophy), Azabudai & Roppongi (trophy), Shibuya (prime).

Shinagawa vs other Tokyo submarkets

Shinagawa (prime, ~¥38,000/tsubo">tsubo/mo · ≈ $85.9 PSF/yr USD) is one of 6 Tokyo Class A submarkets we track.

TL;DR

  • Shinagawa sits at prime tier.
  • Average rent ¥38,000/tsubo/mo · ≈ $85.9 PSF/yr USD vs city average 50000.
  • Compared submarkets: Marunouchi & Otemachi (trophy), Azabudai & Roppongi (trophy), Shibuya (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. **Shibuya** (prime, ¥45,000/tsubo/mo · ≈ $102 PSF/yr USD) — Tokyo's tech and creative-class capital. **Shinjuku** (prime, ¥40,000/tsubo/mo · ≈ $90.4 PSF/yr USD) — Western HQ cluster around the world's busiest station. **Toranomon** (trophy, ¥50,000/tsubo/mo · ≈ $113 PSF/yr USD) — Resurgent trophy submarket between Marunouchi and Roppongi.

Key facts

cityTokyo
submarketShinagawa
tierprime
averageRentLocal¥38,000/tsubo/mo · ≈ $85.9 PSF/yr USD
cityClassARentUsd$113/sqft/yr
cityVacancyPct4.6%

Frequently asked questions

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

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Editorial provenance

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

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