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Shibuya / Ebisu / Hiroo / Aoyama / Omotesando |
|
 Area
Overview
Ebisu Garden Place |
Area of Shibuya, Ebisu and Omotesando are conveniently accessible
via connected with multiple commuting lines. Including the Hiroo area, the zone is
known as the center of shopping and cafe society. The consequence of the recent withdrawal
of oversea-based companies is also a concern for vacancies in this zone. With the change,
the rental space in new buildings fully occupied a few years ago becomes available
to the space search market. |
Accessibility
| - |
JR Line (Yamanote) : Harajuku Sta., Shibuya Sta., Ebisu Sta. |
| - |
JR Line (Rinkai) : Ebisu Sta. |
| - |
JR Line (Saikyo) : Ebisu Sta., Shibuya Sta. |
| - |
Hibiya Line : Ebisu Sta., Hiroo Sta. |
| - |
Chiyoda Line : Omotesando Sta., Meijijingu-mae Sta. |
| - |
Ginza Line / Hanzomon Line : Omotesando Sta., Aoyama 1-chome
Sta., Gaien-mae Sta. |
Major Business
Complex
| Ebisu Garden Place |
Prime Square |
| Aoyama Twin Tower |
Shibuya Mark City |
| Tokyu Cerulean Tower |
Ebisu Business Tower |
|
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Rental Market Basics
| Description |
Area (tsubo) |
Area (sq.m.) |
Area (sq.ft.) |
| Gross Area: Zone |
854,315 |
2,824,182 |
30,388,199 |
| Gross Area: Rental office space |
334,222 |
1,104,867 |
11,888,369 |
| Gross Area: New rental space in 2002 |
2,906 |
9,607 |
103,372 |
| Gross Area: Rental space demended in
2002 |
-5,610 |
-18,546 |
-199,555 |
| Vacancy Rate |
6.04% |
| Net Rent (¥ / M) *Exclusive
of mgt.fee |
¥19,974 |
|
(Note; Each rent does figure not include a management fee.)
Supply-Demand Balance Change
Market Rates by Building Age & Floor Size
| Description |
Avg. Deposit
(¥ / 3.3 sq.m.) |
Avg. Net Rent
(¥ / 3.3 sq.m. / month) |
Market Rental
Rate by
Property Age |
5 years or above |
¥174,850 |
¥19,367 |
| 1-4 years |
¥203,784 |
¥22,637 |
| New-built space |
¥344,150 |
¥26,860 |
|
Market Rental
Rate by
Property Size |
Below 500 tsubo |
¥152,567 |
¥18,670 |
| 500-1,000 tsubo |
¥183,484 |
¥19,462 |
| 1,000-3,000 tsubo |
¥243,317 |
¥22,149 |
| 3,000 tsubo or above |
¥242,220 |
¥23,140 |
|
(Note; Each rent does figure not include a management fee.)
Avg. Net Rent Change
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