April 2015 rent

According to Tokyo Kantei, the average monthly rent of a condominium in greater Tokyo was 2,601 Yen/sqm in April, down 0.5% from the previous month and down 1.4% from last year. The average apartment size was 59.68 sqm and the average building age was 18.8 years.

In the Tokyo metropolitan area, the average rent was 3,120 Yen/sqm, up 0.5% from the previous month and up 1.1% from last year. The average apartment size was 56.68 sqm and the average building age was 17.1 years.

In Tokyo’s 23 wards, the average rent increased for the third consecutive month, and has exceeded the previous peak last seen in October 2014. Yokohama and Chiba City have seen a slight drop in rent from the previous month, with Chiba showing a downwards trend from the beginning of the year.

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