According to Tokyo Kantei, the average monthly rent of a condominium-type apartment across greater Tokyo in July 2017 was 2,631 Yen/sqm, up 0.5% from the previous month but down 0.8% from last year. The average apartment size was 60.03 sqm and the average building age was 20.8 years.
In the Tokyo metropolitan area the average monthly rent was 3,141 Yen/sqm, up 0.4% from the previous month but down 0.1% from last year. The average apartment size was 57.19 sqm and the average building age was 19.1 years.
In Tokyo’s 23 wards, the average monthly rent was 3,302 Yen/sqm, up 0.3% from the previous month but down 0.1% from last year. The average apartment size was 56.56 sqm and the average building age was 18.3 years.
Average monthly rent per sqm in July 2017:
|Tokyo 23 wards||3,302 Yen (+0.3% from Jun. 2017; -0.1% from Jul. 2016)|
|Yokohama City||2,314 Yen (-0.9%; +7.6%)|
|Saitama City||1,861 Yen (-1.4%; +7.9%)|
|Chiba City||1,483 Yen (+1.2%; -3.6%)|
|Osaka City||2,305 Yen (-1.5%; -1.9%)|
|Kobe City||1,757 Yen (-1.7%; -5.3%)|
|Nagoya City||1,756 Yen (-0.8%; +2.7%)|
*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, August 16, 2017.
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