As of September, the average monthly rent of a condo-type apartment in Tokyo’s 23 wards was 4,260 Yen/sqm, up 12.1% from last year, according to Tokyo Kantei. Recent rental growth has been steepest in buildings less than five years old, although there has been a rising trend amongst all building ages. This trend has only been evident in Tokyo, with newer buildings in Osaka and Nagoya seeing a decline or no change in rent.

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