According to Tokyo Kantei, the average monthly rent of a condominium in greater Tokyo was 2,624 Yen/sqm in November, down 2.1% from the previous month but up 2.5% from last year. The average apartment size was 59.76 sqm and the average building age was 19.6 years.
In the Tokyo metropolitan area, the average rent was 3,157 Yen/sqm, down 0.8% from the previous month but up 3.1% from last year. The average apartment size was 56.99 sqm and the average building age was 18.0 years.
In Tokyo’s 23 wards, the average rent was 3,306 Yen/sqm, down 0.3% from the previous month but up 3.3% from last year. The average apartment size was 56.26 sqm and the average building age was 17.5 years.
Average monthly rent per sqm in November 2015:
|Tokyo 23-ku||3,306 Yen (-0.3% from Oct. 2015; +3.3% from Nov. 2014)|
|Yokohama City||2,132 Yen (-1.6%; +0.5%)|
|Saitama City||1,730 Yen (-0.8%; -2.1%)|
|Chiba City||1,473 Yen (+0.7%; +1.5%)|
|Osaka City||2,067 Yen (+0.6%; -2.0%)|
|Kobe City||1,783 Yen (+1.5%; -0.4%)|
|Nagoya City||1,681 Yen (+1.1%; +2.8%)|
*Data is based on the average advertised rent of family-type condominiums which may be higher than actual rent after negotiations. It does not include apartments less than 30 sqm in size, commercial or retail spaces.
Source: Tokyo Kantei, November 17, 2015.