July rental data - Tokyo Kantei

According to Tokyo Kantei, the average monthly rent of an apartment in greater Tokyo in July was 2,533 Yen/sqm, down 0.3% from last month but up 2.6% from July 2012. The average apartment size was 59.37 sqm (639 sqft) and the average age was 18.6 years.

The average rent in Tokyo's 23-ku dropped 0.1% from last month to 3,097 Yen/sqm, but is still 3.4% higher than last year. The average apartment size was 55.98 sqm (602 sqft) and the average age was 17.1 years.Read more

by Zoe Ward

Kyoto's traditional boathouses to be rented out

Kyoto Ine Funaya 2To combat the growing number of empty and unused traditional boathouses in Kyoto's Ine Town, the local government is considering plans to rent these houses out to new residents.

The scenic area is designated as an Important Preservation District for Groups of Traditional Buildings by the Agency for Cultural Affairs. Read more

by Zoe Ward

Nihonbashi office conversion provides solution to vacancy woes

Renovation company Haptic Co. collaborated with interior design and furnishing company Idee to convert a 24-year old office building in Nihonbashi into residential apartments.

The 7-storey Nihonbashi M&K Building was built in 1989. The owners of the ageing building were having difficulty attracting commercial tenants. Converting the building to residential use was less than a third of the estimated cost of rebuilding. Read more

by Zoe Ward

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

According to real estate listing site Homes, the average yield on an apartment in Minato-ku in August 2013 was 5.7%, down 0.3 points from last month. The average yield across Tokyo was 8.1%, up 0.1 points from July.

The vacancy rate was 9.9% in Minato-ku and 11.0% across Tokyo. Read more

by Zoe Ward

June rental data - Tokyo Kantei

According to Tokyo Kantei, the average monthly rent of an apartment in greater Tokyo for the month of June was 2,541 Yen/sqm, up 0.4% from last month and up 3.2% from June 2012.

In Tokyo's 23 special wards, the average rent in June was 3,101 Yen/sqm, up 0.5% from last month and up 3.0% from last year. This is the highest level it has been since February 2011.Read more

by Zoe Ward

Residential yields and vacancy rates in Minato-ku – July 2013

According to listing site Homes, the average yield on an apartment in Minato-ku in July 2013 was 6.0%, down 1.22 points from last month. The average yield across Tokyo was 8.0%, down 0.3 points from last month. The vacancy rate was 9.9% in Minato-ku and 11.0% across Tokyo.Read more

by Zoe Ward

Average apartment rent in May

According to Tokyo Kantei, the average monthly rent of an apartment in greater Tokyo in May increased by 0.1% from last month to 2,530 Yen per square meter. In Tokyo City, the average monthly rent in May was 2,979 Yen/sqm, up just 1 Yen from last month, but 2.2% higher than it was in May 2012. The average rent in Tokyo's 23 wards was 3,086 Yen/sqm, up 0.1% from last month and 2.2% from last year.Read more

by Zoe Ward