December rental data - Tokyo Kantei

According to Tokyo Kantei, the average rent of a condominium apartment in greater Tokyo was 2,536 Yen/sqm in 2013. This is the first time in 4 years that the average annual rent has seen an increase.

In 2012, the average rent in Tokyo's 23-ku was getting close to falling below 3,000 Yen/sqm, but by 2013 it began to climb upwards again. Rents in surrounding cities have remained relatively stable over the past few years. Osaka and Kobe City have seen an increase in new apartments hitting the market in 2012~2013, which has pulled up the average rent.Read more

by Zoe Ward

Tokyo office market in 2014

In 2014, the total office space expected to hit the market could amount to just half of the level seen in 2012. Meanwhile, vacancy rates are expected to continue their decline this year as companies shift to new offices and expand operations.

According to Miki Shoji, approximately 844,700 sqm of new office space is expected to be supplied in Tokyo's central five business districts (Chiyoda, Chuo, Minato, Shinjuku and Shibuya) in 2014. This is a 4% increase from 2013, but is only half of the level seen in the last peak in 2012. Read more

by Zoe Ward

Residential yields and vacancy rates in Minato-ku - January 2014

According to real estate listing site Homes, the average gross yield on an apartment in Minato-ku in January was 5.8%, down 0.2 points from December. The average yield across Tokyo was 7.5%, down 0.1 points from the previous month.

The vacancy rate remains unchanged at 9.9% in Minato-ku and 11.0% across Tokyo.

The average asking price of a secondhand apartment in Minato-ku was 738,929 Yen/sqm as of January 1, up 3.27% from the previous month. The average asking price for land was 839,050 Yen/sqm, down 21.7% from the previous month. Read more

by Zoe Ward

Secondhand apartment prices in November - Tokyo Kantei

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) second-hand apartment in Tokyo's 23 wards was 40,610,000 Yen in November, down 0.1% from the previous month but up 3.4% from last year. The average apartment age was 20.6 years.

In central Tokyo's six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average apartment price was 54,690,000 Yen, up 0.2% from the previous month and up 6.7% from last year. The average apartment age was 20.9 years.Read more

by Zoe Ward

New apartment supply in greater Tokyo up 22.3% in November

According to the Real Estate Economic Institute, a total of 5,006 apartments were released for sale in greater Tokyo in November, up 42.8% from the previous month and up 22.3% from last year.

Of those, 3,984 apartments were sold, making the contract rate 79.6%.

The average new apartment price across greater Tokyo was 49,670,000 Yen, up 1.2% from the previous month but down 0.7% from last year. The average price per square meter was 694,000 Yen, down 2.4% from the previous month and down 3.7% from last year.Read more

by Zoe Ward

Second-hand apartment prices in central Tokyo up 35.4% from last year

According to REINS, the average price of a second-hand apartment sold in central Tokyo's 3 wards (Chiyoda, Chuo and Minato) was 50,870,000 Yen in November, up 4.1% from the previous month and up 35.4% from last year. The average price per square meter was 867,000 Yen, up 2.9% from the previous month and up 25.6% from last year. The average apartment age was 16.47 years and the average apartment size was 58.68 sqm (631 sqft). Read more

by Zoe Ward

Residential yields and vacancy rates in Minato-ku - December 2013

According to real estate listing site Homes, the average yield on an apartment in Minato-ku in December was 6.0%, up 0.2 points from last month. The average yield across Tokyo remains unchanged at 7.6%.

The vacancy rate in Minato-ku remains unchanged at 9.9% and 11.0% across Tokyo.

The average asking price of a secondhand apartment was 715,557 Yen/sqm as of December 1, up 1.34% from the previous month. The average asking price for land was 1,071,212 Yen, up 0.17% from last month.Read more

by Zoe Ward