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Area4  Shinagawa / Gotanda / Meguro

 Area Overview
Shinagawa Inter-City
Shinagawa Inter-City
Expected expansion with the extension of Shinkansen Line (The Bullet Train) to Shinagawa Station and new connection of Rinkaisen Line between Osaki and Odaiba area. Following to the appearance of Gate City (Osaki Station) and Tennozu business community (in Tennozu Isle), Shinagawa Intercity (Shinagawa Station, East Exit) has established strong publicity of a new business community. Relatively lower rents than central average. Suitable for large space needs.

 Accessibility
 -  JR Line (Yamanote) : Shinagawa Sta., Osaki Sta., Gotanda Sta., Meguro Sta.
 -  JR Line (Keihin-Tohoku / Tokaido / Yokosuka) : Shinagawa Sta.
 -  JR Line (Rinkai) : Osaki Sta.
 -  Nanboku Line : Meguro Sta.
 -  Mita Line : Meguro Sta.
 -  Toei-Asakusa Line : Gotanda Sta., Takanawadai Sta.
 -  Shinkansen Express : Shinagawa Sta.

 Major Business Complex
Shinagawa Inter-City Gate City Osaki
Osaki New City Gotenyama Hills

The map of Area4


Rental Market Basics

Description Area (tsubo) Area (sq.m.) Area (sq.ft.)
Gross Area: Zone 1,411,393 4,665,762 50,203,600
Gross Area: Rental office space 371,424 1,227,848 13,211,645
Gross Area: New rental space in 2002 298 986 10,610
Gross Area: Rental space demended in 2002 -3,335 -11,025 -118,629
Vacancy Rate 4.18%
Net Rent (¥ / M) *Exclusive of mgt.fee ¥14,483
(Note; Each rent does figure not include a management fee.)


Supply-Demand Balance Change

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 ¥138,225 ¥14,460
1-4 years ¥214,000 ¥20,070
New-built space ¥190,000 ¥19,950
Market Rental Rate by
Property Size
Below 500 tsubo ¥113,650 ¥13,008
500-1,000 tsubo ¥139,900 ¥14,950
1,000-3,000 tsubo ¥144,800 ¥14,215
3,000 tsubo or above ¥258,334 ¥22,310
(Note; Each rent does figure not include a management fee.)


Avg. Net Rent Change

Avg. Net Rent Change

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