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

Tokyo apartment gross yield Homes

According to real estate listing site Homes, the average gross yield on an apartment in Minato-ku in February was 5.4%, down 0.4 points from January. The average gross yield across Tokyo was 7.4%, down 0.1 points the previous month.

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by Zoe Ward

December rental data - Tokyo Kantei

According to Tokyo Kantei, the average rent of a condominium apartment in greater Tokyo was 2,536 Yen/sqm in 2013. This is the first time in 4 years that the average annual rent has seen an increase.

In 2012, the average rent in Tokyo's 23-ku was getting close to falling below 3,000 Yen/sqm, but by 2013 it began to climb upwards again. Rents in surrounding cities have remained relatively stable over the past few years. Osaka and Kobe City have seen an increase in new apartments hitting the market in 2012~2013, which has pulled up the average rent.Read more

by Zoe Ward

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

According to real estate listing site Homes, the average gross yield on an apartment in Minato-ku in January was 5.8%, down 0.2 points from December. The average yield across Tokyo was 7.5%, down 0.1 points from the previous month.

The vacancy rate remains unchanged at 9.9% in Minato-ku and 11.0% across Tokyo.

The average asking price of a secondhand apartment in Minato-ku was 738,929 Yen/sqm as of January 1, up 3.27% from the previous month. The average asking price for land was 839,050 Yen/sqm, down 21.7% from the previous month. Read more

by Zoe Ward

November rental apartment transactions - AtHome

According to AtHome, 18,415 apartment rental contracts were signed in greater Tokyo in November, down 1.7% from the previous year. In Tokyo's 23-ku, however, the number of contracts increased by 0.9% to 8,415. Read more

by Zoe Ward

November rental data - Tokyo Kantei

According to Tokyo Kantei, the average monthly rent of a condominium apartment in greater Tokyo was 2,552 Yen/sqm, in November, up 0.8% from the previous month and up 3.4% from last year. The average apartment size was 58.87 sqm (633 sqft) and the average building age was 19.0 years.

In Tokyo's 23-ku, the average monthly rent was 3,111 Yen/sqm, up 1.0% from the previous month and up 4.2% from last year. This is the highest it has been since February 2011. The average apartment size was 55.70 sqm (599 sqft) and the average building age was 17.6 years.Read more

by Zoe Ward

Residential yields and vacancy rates in Minato-ku - December 2013

According to real estate listing site Homes, the average yield on an apartment in Minato-ku in December was 6.0%, up 0.2 points from last month. The average yield across Tokyo remains unchanged at 7.6%.

The vacancy rate in Minato-ku remains unchanged at 9.9% and 11.0% across Tokyo.

The average asking price of a secondhand apartment was 715,557 Yen/sqm as of December 1, up 1.34% from the previous month. The average asking price for land was 1,071,212 Yen, up 0.17% from last month.Read more

by Zoe Ward

October rental apartment transactions - AtHome

According to AtHome's data on rental transactions in greater Tokyo for the month of October, the number of new rental contracts signed fell 3.4% from October 2012 to 18,668.

In Tokyo's 23-ku, 8,490 contracts were signed, down 0.7% from last year. This is the first time in 12 months that the figure has fallen below last year's figure. Apartments less than 30 sqm (323 sqft) in size comprised 46.2% of transactions, down 6.7 points from October 2012. Meanwhile, 37.4% of transactions were for apartments 30 ~ 50 sqm (323 ~ 538 sqft) in size, up 9 points from last year. Apartments over 70 sqm (753 sqft) made up 3.8% of transactions, down 9.4 points from 2012.Read more

by Zoe Ward