Kobe's oldest foreign residence for rent
Rent: 1,260,000 Yen/month
Size: 192.71 sqm
Built in the late 1880s / early 1890s, this is said to be the oldest ijinkan in Kobe. Ijinkan is the name for the Western style residences built mostly for early foreign settlers during the end of the Shogunate and the Meiji era. Kobe is known for its collection of old Western residences and many in the Kitano area are open to the public as tourist attractions.Read more
Kawaguchi Apartments (1964)
Size range: 36.80 ~ 146.85 sqm
This apartment building was built in 1964 by Japanese novelist, playwright and movie producer, Matsutaro Kawaguchi, and one of his quotes is displayed in the building lobby. It was considered one of the most luxurious apartment buildings in Japan for its time and was featured in GQ Japan magazine in 2001 in an article on desirable places to live. In its early years, the residents included many prominent people from the theater and literary world. It is located in the Kasuga 2 Chome area in Bunkyo-ku which was originally a very high-class residential neighborhood.Read more
Living in a love hotel
Rent: 58,000 ~ 81,000 Yen/month
Tokyo-based property company, Landmarks Co., Ltd, have redeveloped a former love hotel in Sumida-ku into a rental apartment building. The studio apartments now have mini kitchens, bathrooms and, with the help of several designers, are finished in various modern and eclectic styles. The rooftop terrace was converted into a BBQ deck for residents (a rare thing to have in Tokyo apartments). The apartments have high-speed internet access, air-conditioning and there is also a washer/dryer room.Read more
Average apartment rent falls by as much as 1.6% in June
Tokyo Kantei released the results of their survey on rent movements for condominium apartments for the month of June, 2011.
Tokyo City:
Average Rent: 2960 Yen/sqm/month - down 0.5% from MayRead more
Tokyo office rents at historically low levels
Miki Shoji announced on July 7 that office rents for commercial properties in central Tokyo have fallen 4% in the past 12 months and are now at the lowest levels ever seen since data collection began.
A major contributing factor to this fall are the companies who are seeing lower earnings as a result of the March 11 Tohoku disaster and can no longer pay high rent for their office space.Read more
Rent for condominium-type apartments down in June
According to Tokyo Kantei, the average monthly rent for a condominium-type apartment in greater Tokyo for the month of June has fallen compared to the previous month.
Average Rent:
- Tokyo City: 2960 Yen/sqm, down 0.5%
- Kanagawa: 2027 Yen/sqm, down 0.6%
- Saitama: 1620 Yen/sqm, down 1.6%
- Chiba: 1593 Yen/sqm, down 0.2%
Tokyo's most expensive rental apartments
The Real Estate Economic Institute has released a report on the luxury rental apartment market in Tokyo's 23 Wards. Luxury apartments were defined as having a monthly rent of 300,000 JPY or higher. The findings are translated below:Read more