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
Rental apartment developer under fire for not complying with building code
Leopalace21 Corporation, a developer and manager of rental flats across Japan, has apologized after more of their apartment buildings were found to potentially violate the Building Standards Act. According to the company’s statement on May 29, several buildings in their ‘Apaato 6 Series’ of rental flats built between 1996 and 2009 were constructed without the required fire prevention and sound proofing walls. The company's share price dropped by up to 14% on the morning of May 30.
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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
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
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
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