According to Tokyo Kantei, the average monthly rent of a condominium in greater Tokyo was 2,613 Yen/sqm in March, down 0.5% from the previous month but up 0.5% from last year. The average apartment size was 59.77 sqm and the average building age was 18.8 years.
In the Tokyo metropolitan area, the average rent was 3,106 Yen/sqm, up 1.2% from the previous month and up 0.9% from last year. The average apartment size was 57.17 sqm and the average building age was 17.4 years.
Average monthly rent per sqm in March 2015:
Tokyo 23-ku | 3,231 Yen (+0.9% from February; +1.3% from Mar. 2014) |
Yokohama City | 2,160 Yen (+2.5%; -1.7%) |
Saitama City | 1,789 Yen (+1.8%; -1.1%) |
Chiba City | 1,455 Yen (-0.8%; -6.9%) |
Osaka City | 2,183 Yen (+1.8%; +0.1%) |
Kobe City | 1,773 Yen (+0.7%; -3.4%) |
Nagoya City | 1,730 Yen (+2.2%; -0.4%) |
*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, March 12, 2015.