Tokyo Apartment rents hit ceiling

According to Tokyo Kantei, the average advertised monthly rent of a condominium in Tokyo’s 23 wards was 3,845 Yen/sqm in September 2020, down 0.4% from the previous month but up 4.6% from last year.

Asking rents in the capital have remained relatively stable since March. 

Yokohama City saw a month-on-month increase of 0.4% and a year-on-year increase of 16.4%.

Osaka City saw advertised rents drop 3.9% from the previous month and 1.7% from last year to 2,445 Yen/sqm. Nagoya City saw rents drop for the third month in a row with a 2.3% decrease from the previous month, although they are up 1.0% from September 2019.

Source: Tokyo Kantei, October 15, 2020.

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