According to Tokyo Kantei, the average monthly rent of a condominium-type apartment in greater Tokyo was 2,681 Yen/sqm in January 2017, down 1.4% from the previous month but up 4.4% from last year. The average apartment size was 60.24 sqm and the average building age was 20.3 years.
In the Tokyo metropolitan area, the average monthly rent was 3,186 Yen/sqm, down 0.4% from the previous month but up 1.9% from last year. The average apartment size was 58.03 sqm and the average building age was 18.4 years.
In Tokyo’s 23 wards, the average monthly rent was 3,330 Yen/sqm, down 0.7% from the previous month but up 1.5% from last year. This was the first time in 3 months to see a decrease, although prices have remained fairly constant around the 3,300 Yen/sqm range since August 2016. The average apartment size was 57.65 sqm and the average building age was 17.8 years.
Average monthly rent per sqm in January 2017:
|Tokyo 23 wards||3,330 Yen (-0.7% from Dec. 2016; +1.5% from Jan. 2016)|
|Yokohama City||2,162 Yen (+2.4%; +0.9%)|
|Saitama City||1,831 Yen (+2.5%; +4.8%)|
|Chiba City||1,482 Yen (+1.5%; +1.1%)|
|Osaka City||2,282 Yen (+0.1%; +7.4%)|
|Kobe City||1,769 Yen (-1.9%; -2.6%)|
|Nagoya City||1,674 Yen (-0.3%; -1.6%)|
*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, February 14, 2017.