Average rent in Tokyo increases for 5th month in a row

According to Tokyo Kantei, the average monthly rent of a condominium in Tokyo’s 23 wards was 3,517 Yen/sqm in April, up 0.3% from the previous month and up 5.9% from last year. Rents have remained above the 3,500 Yen/sqm range since February. This is the fifth month in a row to see a year-on-year increase.Read more

by Zoe Ward

Average rent in Tokyo up 5% from last year

According to Tokyo Kantei, the average monthly rent of a condominium in Tokyo’s 23 wards was 3,508 Yen/sqm in March 2018, down 0.5% from the previous month but up 5.0% from last year. This is the 4th month in a row to record a year-on-year increase. The average apartment size was 55.49 sqm (597 sq.ft) and the average building age was 17.6 years.Read more

by Zoe Ward

Rent in Tokyo reaches record-high

According to Tokyo Kantei, the average monthly rent of a condominium in Tokyo’s 23 wards was 3,488 Yen/sqm in January 2018, up 0.4% from the previous month and up 4.7% from last year. This is the highest level seen since record-keeping began in March 2008.Read more

by Zoe Ward

Rent in Tokyo jumps 4.2% thanks to supply of new construction

According to Tokyo Kantei, the average monthly rent of a condominium in Tokyo’s 23 wards was 3,474 Yen/sqm in December 2017, up 4.2% from the previous month and up 3.6% from 2016. The increase was caused by a larger share of relatively new buildings which typically command higher rents, along with the release of a large number of brand new high-rise apartment towers in Shinjuku and Shinagawa.Read more

by Zoe Ward

Average rent in Tokyo drops for 5th month in a row

According to Tokyo Kantei, the average monthly rent of a condominium in Tokyo’s 23 wards was 3,334 Yen/sqm in November 2017, up 0.8% from the previous month but down 0.5% from last year. Average rents have been down year-on-year since July, although they have been showing an increasing trend for apartments in buildings less than 10 years old.Read more

by Zoe Ward

Tokyo’s Ota Ward first in Japan to ban overnight accommodation in exclusive residential zones

Tokyo’s Ota Ward is the first district in Japan to ban all minpaku-style overnight or short-term accommodation in exclusively residential zones. On December 8, local councillors voted in favor of the ban with the rules to go into effect from June 15, 2018.

Ota was one of the first areas in Japan to actively promote and encourage short-term rentals. In January 2016 Ota ward allowed registered hosts of properties in approved 'special zones' to rent out accommodation for minimum stays of 6 nights without needing a hotel license. Normally a stay of less than 30 days would require a hotel license. Councillors have also voted in favor of reducing this stay to a minimum of 2 nights and 3 days.Read more

by Zoe Ward

Average rent in Tokyo drops for 4th month in a row

According to Tokyo Kantei, the average monthly rent of a condominium in Tokyo’s 23 wards was 3,308 Yen/sqm in October, up 0.6% from the previous month but down 0.7% from last year. This is the 4th month in a row to record a year-on-year decline in rents.Read more

by Zoe Ward