Apartment rents in Tokyo increase by 5.3% in 2018
The average rent for an apartment in Tokyo’s 23 wards saw a 5.3% year-on-year increase in 2018 - the highest annual percentage increase in over 10 years. This was due in part to the fact that over 10% of the listings in the first half of the year were new construction. Newly built apartments tend to command higher rents than older ones, and can pull up the average. Average rents in Tokyo are now up 16% from their bottom in 2012.
Apartment rents in Tokyo increase for 11th month
According to Tokyo Kantei, the average monthly rent for an apartment in Tokyo’s 23 wards was 3,526 Yen/sqm in October 2018, up 0.6% from the previous month and up 6.6% from last year. This is the 11th month in a row to see a year-on-year increase.
Tokyo apartment rents drop 0.5% from previous month
According to Tokyo Kantei, the average monthly rent of a condominium in Tokyo’s 23 wards was 3,464 Yen/sqm in August, down 0.5% from the previous month but up 5.1% from last year. This is the 9th month in a row to see a year-on-year increase. The average apartment size was 55.47 sqm and the average building age was 19.5 years.Read more
Average apartment rents in Tokyo increase for 8th month
According to Tokyo Kantei, the average monthly rent of a condominium in Tokyo’s 23 wards was 3,481 Yen/sqm in July, down 0.1% from the previous month but up 5.4% from last year. This is the 8th month in a row to see a year-on-year increase. The average apartment size was 55.40 sqm and the average building age was 18.9 years.Read more
Nagoya’s most expensive rental apartments to arrive in 2019
A 28-story rental apartment building under construction in Nagoya’s Sakae neighborhood is set to become the most expensive building the city has seen. The most expensive apartments in the 156-unit building are two 253 sqm (2,722 sq.ft) 3-Bedroom units on the 27th floor each with an advertised rent of 1,641,000 Yen per month (approx. 15,000 USD). The two apartments include their own 12-seater dining room with a separate entrance.Read more
Average apartment rents in Tokyo increase for 7th month
According to Tokyo Kantei, the average monthly rent of a condominium in Tokyo’s 23 wards was 3,485 Yen/sqm in June 2018, down 0.3% from the previous month but up 5.9% from last year. This is the 7th month in a row to see a year-on-year increase. The average apartment size was 55.84 sqm and the average building age was 18.7 years.Read more
Tokyo apartment rents see 6% year-on-year increase
According to Tokyo Kantei, the average monthly rent of a condominium in Tokyo’s 23 wards was 3,496 Yen/sqm in May 2018, down 0.6% from the previous month but up 6.0% from last year. This is the sixth month in a row to see a year-on-year increase. The average apartment size was 55.79 sqm and the average building age was 18.5 years.Read more