Tokyo rents peak as landlords seek lower rents on new-builds
The average advertised rent of an apartment in Tokyo's 23 wards was 4,809 Yen per square meter in September, down 1.0% from the previous month as landlords of new-builds adjust rents downwards to meet lower-than-expected tenant demand. This is the first monthly drop in 10 months.Read more
Our 2025 Q3 Japan Real Estate Market Report
Japan’s real estate market momentum continued through Q3, supported by strong growth in Tokyo’s residential and office sectors, but with inbound tourism hitting record highs and over tourism emerging as a pressing concern, accommodation providers are finding themselves facing regulatory and supply-side pressures.
Our Japan Real Estate Market Report for the third quarter of 2025 is now available for download.
Subscribers can download our Q3 report below.Read more
Japan's land prices see highest rate of growth since 1991
Standard Land Prices were announced on September 16, and the nationwide average increased for the 4th year in a row with 1.5% growth in 2025. Residential land values increased by 1.0% and commercial land by 2.8%, both recording the highest rate of growth since 1991.Read more
Land prices continue to increase across the board
Japan’s land prices increased for the sixth straight quarter, according to the latest LOOK Report published by the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) on August 29.
In the second quarter of 2025, land prices saw a 0 ~ 3% increase in 75 of the 80 surveyed locations, and a 3 ~ 6% increase in five locations. Residential land values increased across all surveyed sites for the 13th consecutive quarter. For commercial land, Yokohama’s Minato Mirai district slowed to a 0 ~ 3% rise after a 3 ~ 6% increase in the first quarter, while Tokyo’s Nakano Station area accelerated to a 3 ~ 6% gain.Read more
Apartment rents reach record high in Tokyo, decline elsewhere
The average asking rent of an apartment in Tokyo’s 23 wards reached a record high of 4,851 Yen per square meter in July. This is the sixth consecutive month to set a new price record. Rents were up 1.0% from the previous month and 12.2% from last year. Meanwhile, Yokohama, Saitama, Chiba, Osaka, and Kobe city all saw a drop in year-on-year rents. Read more
Mitsui to double investment in data centers
Mitsui Fudosan has announced plans to invest an additional 300 billion Yen (US$2 billion) in data center development by 2035, doubling down on its commitment to digital infrastructure in response to growing demand from sectors like generative AI and 5G.Read more
Tokyo apartment rents hit new high in June
Asking rents in Tokyo’s 23 wards reached 4,803 Yen per square meter in June, up 2.4% from the previous month and up 10.8% from last year. The increase is somewhat the result of a larger share in brand-new and near-new apartments, especially luxury apartments in central Tokyo, that have pulled up the average.Read more