The average apartment rent in Tokyo’s 23 wards has increased year-on-year for the 10th month in a row. The average monthly rent in September was 3,504 Yen/sqm, up 6.6% from last year and up 1.2% from the previous month. Both Yokohama and Saitama cities saw a decline in year-on-year rents.

Osaka city saw a 6.1% year-on-year increase and a 0.9% increase from the previous month. In Nagoya city, average rents are up 6.9% from last year and 0.6% from the previous month.

The data, provided by Tokyo Kantei, is based on the advertised rent of condominium-type apartments recorded in Tokyo Kantei’s database and is limited to family-type apartments (excluding apartments under 30 sqm in size, office and retail space).

Source: Tokyo Kantei, October 17, 2018.

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