According to Tokyo Kantei, the average monthly rent of a condominium in greater Tokyo was 2,589 Yen/sqm in March, up 2.4% from the previous month but down 0.9% from last year. The average apartment size was 59.69 sqm and the average building age was 19.6 years.
In the Tokyo metropolitan area, the average monthly rent was 3,216 Yen/sqm, up 1.7% from the previous month and up 3.5% from last year. The average apartment size was 56.21 sqm and the average building age was 17.5 years.
In Tokyo’s 23 wards, the average rent was 3,354 Yen/sqm, up 1.4% from the previous month and up 3.8% from last year. The average apartment size was 55.70 sqm and the average building age was 16.9 years.
Average monthly rent per sqm in March 2016:
|Tokyo 23 wards||3,354 Yen (+1.4% from Feb. 2016; +3.8% from Mar. 2015)|
|Yokohama City||2,174 Yen (+0.1%; +0.6%)|
|Saitama City||1,753 Yen (+2.8%; -2.0%)|
|Chiba City||1,497 Yen (+1.4%; +2.9%)|
|Osaka City||2,315 Yen (+4.9%; +6.0%)|
|Kobe City||1,858 Yen (-1.1%; +4.8%)|
|Nagoya City||1,718 Yen (+0.6%; -0.7%)|
*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, April 14, 2016.
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