Vacancy rates by apartment building in Tokyo - May

The following is a list of apartment buildings in Tokyo and their estimated vacancy rates in May:Read more

by Zoe Ward

Kyoto looking for tenant for historic restaurant/ryokan in Gion

Gion Shinbashi RestaurantKyoto City is looking for a tenant for a traditional-style residence/restaurant in the Gion-shinbashi neighbourhood. The 2-storey wooden house was during the Meiji period and is estimated to be around 120 years old.

Until recently it was used as a tempura restaurant. The owner of the property and former operator of the restaurant left the property to the city in June 2013 with the hope that the city could continue to conserve and protect the historical building.Read more

by Zoe Ward

April rental data - Tokyo Kantei

According to Tokyo Kantei, the average monthly rent of a condominium apartment in greater Tokyo was 2,637 Yen/sqm in April, up 1.4% from the previous month and up 4.4% from April 2013. The average apartment size was 59.28 sqm and the average building age was 18.1 years.Read more

by Zoe Ward

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

Tokyo apartment yields May 2014

According to real estate listing site Homes, the average gross yield on an apartment in Minato-ku in May was 5.3%, down 0.1 points from April. The average gross yield across Tokyo was 7.1%, down 0.1 points.Read more

by Zoe Ward

Vacancy rates by apartment building in Tokyo - April

The following is a list of apartment buildings in central Tokyo and their estimated vacancy rates in April:Read more

by Zoe Ward

Govt wants cheaper accommodation for foreign tourists

The Japanese Government is working towards making it easier for vacant apartments in urban areas to be let out as cheap short-term rentals to foreign tourists. The target areas lie within the recently announced National Strategic Special Zones. 

The goal is to provide cheaper accommodation options for foreign visitors which will encourage them to stay longer.Read more

by Zoe Ward

March rental data - Tokyo Kantei

According to Tokyo Kantei, the average monthly rent of a condominium apartment in greater Tokyo was 2,601 Yen/sqm in March, up 1.5% from the previous month and up 2.4% from March 2013. The average apartment size was 59.50 sqm and the average building age was 18.5 years.

The average rent in Tokyo’s 23-ku was 3,191 Yen/sqm, up 1.3% from the previous month and up 3.6% from last year. This is the fifth month in a row where the average rent has increased from the previous month. The average apartment size was 56.40 sqm and the average building age was 16.7 years.Read more

by Zoe Ward