TAS Corp’s rental market data for September

According to TAS Corp’s latest report on the rental market for apartments, the average vacancy rate in Tokyo’s 23-ku was 11.56% in September, up 0.07 points from the previous month but down 0.08 points from September 2012.

 

Tokyo
23-ku
Kanagawa Prefecture Saitama Prefecture Chiba Prefecture
Vacancy rate 11.58% 12.91% 15.50% 13.40%
Time advertised (months) 3.02 3.43 3.35 3.25
Renewal rate 43.48% 46.45% 49.60% 52.03%
Mid-contract cancellation rate 39.04% 37.46% 35.01% 34.77%

 

Osaka Prefecture Kyoto Prefecture Hyogo Prefecture Shizuoka Prefecture
Vacancy rate 8.01% 13.81% 11.76% 23.41%
Time advertised (months) 4.49 5.55 5.18 5.86
Renewal rate 38.35% 12.91% 26.87% 18.69%
Mid-contract cancellation rate 49.05% 72.56% 63.79% 70.93%

Tokyo Residential Vacancy Rates 2008 2013

About the data:

Time advertised: the average time an apartment is advertised before a tenant is found.

Renewal rate: The percentage of rental contracts that are renewed at the end of the term.

Mid-contract cancellation rate: The percentage of rental contracts that are cancelled before the end of the term.

Source: TAS Corp, November 26, 2013.

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