Our 2024 Q4 Japan Real Estate Market Report
Subscribers can download our Q4 report below.Read more
Gap remains between asking rents and tenant budgets in Tokyo
With inflation-adjusted real wages remaining stagnant in Japan, how have residential rents in major cites been faring? If you only look at advertised rents, year-on-year increases of 30 ~ 45% can be seen in some city centers, particularly for family-type rental apartments. But are tenants willing to pay these prices?
In October, listing portal site LIFULL HOME’S published its latest rental data, which separates rental data into advertised rents and those inquired about by potential tenants. The gap between the two has been growing significantly in some cities.Read more
Rents have doubled in this Hokkaido city
The real estate market in Chitose City, Hokkaido, is going through a sudden and drastic change with residential rents and land prices doubling and vacancy rates plummeting.Read more
Sapporo’s rents on the rise
Sapporo City in Hokkaido is experiencing a rise in residential rental prices as the rapid increase in construction costs spreads to consumers. A larger supply of newer, high-end apartments has also contributed to the rise. Real estate portal site, AtHome, reported that average advertised rent for family-type apartments has reached the highest level since reporting began in 2015.Read more
Recent price trends in Tokyo's apartment rental market
Several reports on Tokyo’s apartment rental market were released over the past few weeks, highlighting some recent trends based on apartment type and size.Read more
Occupancy, Yields, and Rents for Tokyo’s multifamily market
In a data-driven analysis into Tokyo's multifamily real estate market, we examined a sample of 50 apartment buildings comprising nearly 1,000 units listed for sale across the city's 23 wards as of August 2024. This gives us a snapshot of occupancy rates, yields, and rents. Based on this sample, the median gross* yield is 4.09%.Read more
Just how unpopular are fixed-term leases?
If you are investing in multifamily assets in Japan, you’re probably thinking about the potential to raise rents in the near future. But, Japanese tenancy laws do not allow unilateral rental increases for standard, renewable leases. There is the option of fixed-term leases, but how popular are they?Read more