Apartment rents reach 7 year low in Tokyo
The average apartment rent across Japan's major cities has fallen even further. In July, the average rent for a condominium in Tokyo's 23-ku fell below 3,000 Yen/sqm a month for the first time in over seven years. The rent in rental-only buildings has also fallen.
According to Tokyo Kantei, the average rent for a condominium apartment in July was 2,995 Yen/sqm a month, down 1.8% from July 2011.Read more