Average apartment rent in 2011

Tokyo Kantei announced the average apartment rent across Japan’s three major metropolitan areas – Greater Tokyo, the Kinki region (Osaka, Kyoto, Nara) and the Chubu region (Aichi, Nagano, Shizuoka, etc). Tokyo and Chubu both saw a fall in the average rent, but the Kinki region saw an increase of 2.4% in 2011. Compared to the average rent of 1622 Yen/sqm/month in 2009, the rent in the Kinki region has increased by 6.5% over the past 2 years. This is said to be the result of an increase in newer apartments from 2010.

The average apartment rent in each area is as follows:

– Greater Tokyo: 2588 Yen/sqm/month (down 0.9% from 2010)
– Kinki region: 1729 Yen/sqm/month (up 2.4%)
– Chubu region: 1494 Yen/sqm/month (down 1.6%)

Sources:
The Asahi Shimbun, January 13, 2012.
Tokyo Kantei (www.kantei.ne.jp)

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