According to TAS Corp’s latest report on the rental market for apartments, the average vacancy rate in Tokyo’s 23-ku was 11.56% in September, up 0.07 points from the previous month but down 0.08 points from September 2012.
|Kanagawa Prefecture||Saitama Prefecture||Chiba Prefecture|
|Time advertised (months)||3.02||3.43||3.35||3.25|
|Mid-contract cancellation rate||39.04%||37.46%||35.01%||34.77%|
|Osaka Prefecture||Kyoto Prefecture||Hyogo Prefecture||Shizuoka Prefecture|
|Time advertised (months)||4.49||5.55||5.18||5.86|
|Mid-contract cancellation rate||49.05%||72.56%||63.79%||70.93%|
About the data:
Time advertised: the average time an apartment is advertised before a tenant is found.
Renewal rate: The percentage of rental contracts that are renewed at the end of the term.
Mid-contract cancellation rate: The percentage of rental contracts that are cancelled before the end of the term.
Source: TAS Corp, November 26, 2013.