--- title: "Paris vs Tokyo: Class A office comparison" description: "Side-by-side Class A office comparison for Paris and Tokyo — rent, vacancy, talent, tax, lease norms, transit, and top submarkets." canonical: https://classa.info/compare/paris-vs-tokyo pageType: comparison lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Paris ($103/sqft, 7.6% vacancy) and Tokyo ($113/sqft, 4.6% vacancy) compete on different axes: Paris on talent depth and Tokyo on rent and tax. ## TL;DR - Class A rent: Paris $103/sqft vs Tokyo $113/sqft. - Vacancy: Paris 7.6% vs Tokyo 4.6%. - Talent index: Paris 90 vs Tokyo 84. - Corporate tax: Paris 25% vs Tokyo 30.6%. - Premium flex/seat/month: Paris $1,180 vs Tokyo $980. # Paris vs Tokyo: Class A office comparison **Paris ($103/sqft, 7.6% vacancy) and Tokyo ($113/sqft, 4.6% vacancy) compete on different axes: Paris on talent depth and Tokyo on rent and tax.** ## TL;DR - [Class A](/glossary/class-a) rent: Paris $103/sqft vs Tokyo $113/sqft. - Vacancy: Paris 7.6% vs Tokyo 4.6%. - Talent index: Paris 90 vs Tokyo 84. - Corporate tax: Paris 25% vs Tokyo 30.6%. - [Premium flex](/topics/lease-vs-flex)/seat/month: Paris $1,180 vs Tokyo $980. ## Market data side-by-side | Metric | Paris | Tokyo| | Region | EMEA | APAC| | Country | France | Japan| | Class A rent (USD/sqft/yr) | $103 | $113| | Class A rent (local) | 95 EUR | 50000 JPY| | Vacancy | 7.6% | 4.6%| | Trend | rising | rising| | Prime yield | 4% | 3%| | Premium flex / seat / month (USD) | $1,180 | $980| | Submarkets covered | 6 | 6| | Corporate tax | 25% | 30.6%| ## Lease norms | Metric | Paris | Tokyo| | Typical term | 9 yrs | 5 yrs| | Typical rent-free | 18 mos | 4 mos| | Lease norms | The bail commercial is the standard lease — 9 years with tenant break rights at year 3 and year 6. Rent is indexed annually to the ILAT or ICC indices. Rent-free of 12-24 months on a 9-year term is standard. Service charges and tax foncière are typically passed through. Restoration to original is the default obligation. | 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.| | Tax note | Headline corporate tax 25%. Local cotisation foncière des entreprises (CFE) and contribution sur la valeur ajoutée des entreprises (CVAE) add a meaningful local layer. Île-de-France tertiary tax (TSB) applies to office occupiers. | Effective corporate tax rate 30.6% (national + local). Tokyo Metropolitan corporate inhabitant tax adds a meaningful local component.| ## Talent | Metric | Paris | Tokyo| | Talent index (0–100) | 90 | 84| | Talent note | Strong financial-services and luxury-brand talent pool. Average all-in compensation indexes 90 vs. New York's 100. | 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.| ## Transit & commute **Paris:** RER A and the Métro span the entire QCA. The Grand Paris Express network is materially reshaping Greater Paris commute economics through 2030. **Tokyo:** JR Yamanote loop plus 13 metro lines connect every Class A address. Shinkansen termini at Tokyo, Shinagawa, and Ueno support inter-city corporate networks. ## Top submarkets — Paris - [**Quartier Central des Affaires**](/cities/paris/qca) — [trophy tier](/topics/trophy-asset-selection) · €105/sqft/yr · ≈ $113 PSF/yr USD - [**Paris Rive Gauche**](/cities/paris/paris-rive-gauche) — prime tier · €78/sqft/yr · ≈ $84.2 PSF/yr USD - [**Neuilly & Levallois**](/cities/paris/neuilly-levallois) — prime tier · €70/sqft/yr · ≈ $75.6 PSF/yr USD ## Top submarkets — Tokyo - [**Azabudai & Roppongi**](/cities/tokyo/azabudai-roppongi) — trophy tier · ¥60,000/[tsubo](/topics/apac-lease-conventions)">tsubo/mo · ≈ $136 PSF/yr USD - [**Marunouchi & Otemachi**](/cities/tokyo/marunouchi-otemachi) — trophy tier · ¥55,000/tsubo/mo · ≈ $124 PSF/yr USD - [**Toranomon**](/cities/tokyo/toranomon) — trophy tier · ¥50,000/tsubo/mo · ≈ $113 PSF/yr USD ## Decision criteria ### Pick by cost Paris is the cheaper Class A market on a USD basis. ### Pick by talent depth Paris has the deeper talent index (90/100 vs 84/100). ### Pick by tax Paris has the lower headline corporate tax (25% vs 30.6%). Local incentives can change the effective rate materially. ### Pick by lease optionality Paris typical term is 9 years with 18 months free; Tokyo runs 5 years with 4 months free. ### Pick by transit Paris: RER A and the Métro span the entire QCA. The Grand Paris Express network is materially reshaping Greater Paris commute economics through 2030. Tokyo: JR Yamanote loop plus 13 metro lines connect every Class A address. Shinkansen termini at Tokyo, Shinagawa, and Ueno support inter-city corporate networks. ## Run a 4-city comparison Score Paris, Tokyo and up to two more markets side-by-side on Class A rent, vacancy, talent, corporate tax, and premium flex pricing — all in USD. [**Run a 4-city comparison →**](/tools/city-comparator) ## Frequently asked questions ****Is Class A office cheaper in Paris or Tokyo?**** : Paris is cheaper on a USD basis: $103/sqft vs $113/sqft. ****Which has better talent depth, Paris or Tokyo?**** : Paris indexes higher on talent depth (90 vs 84). ****Which has more sublease availability, Paris or Tokyo?**** : Paris carries higher vacancy (7.6% vs 4.6%) and therefore typically more [sublease](/topics/sublease-strategy)">sublease overhang. ****What lease term should I expect in Paris vs Tokyo?**** : Paris typical term is 9 years with 18 months rent-free; Tokyo typical term is 5 years with 4 months rent-free. ****How does transit and commuter access compare?**** : Paris: RER A and the Métro span the entire QCA. The Grand Paris Express network is materially reshaping Greater Paris commute economics through 2030. Tokyo: JR Yamanote loop plus 13 metro lines connect every Class A address. Shinkansen termini at Tokyo, Shinagawa, and Ueno support inter-city corporate networks. ## Editorial provenance Reviewed by [**Samuel Okafor**](/about/authors/samuel-okafor) — EMEA contributing editor. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) --- Citation: Source: Class A Atlas (https://classa.info/compare/paris-vs-tokyo), updated 2026-04-15T00:00:00.000Z.