Here’s where apartment rents are increasing the most across Japan
Rents for more spacious ‘family-type’ apartments in Japan’s major cities reached record highs in October, according to a report released by multiple-listing provider and data aggregator AtHome. The larger-sized rental housing is becoming an interesting segment of the market to observe as would-be homebuyers are starting to shift to rental housing as they become priced out of the condo market.Read more
Tokyo’s apartment rents increase 0.2% in November
According to Tokyo Kantei, the average monthly rent of a condominium-type apartment in Tokyo’s 23 wards was 4,236 Yen/m2 in November, up 0.2% from the previous month and up 10.7% from last year.Read more
Tokyo's luxury real estate market is even cheaper now
Luxury housing in Tokyo still remains the cheapest amongst the top global cities by a long shot, and it has only become cheaper as the year progresses.Read more
Kengo Kuma-designed luxury apartment and retail building opens tomorrow
Forestgate Daikanyama, a mixed-use office, retail and residential complex near Daikanyama Station officially opens its doors tomorrow. The 10-story building includes retail and office on the first three floors, and 57 luxury apartments on floors four through ten.Read more
Tokyo apartment rents up 11.9% y-o-y
After remaining relatively subdued throughout the pandemic, apartment rents in Tokyo’s 23 wards are on the rise, increasing by 8% since the start of the year.
The average monthly rent of a condominium apartment in the 23 wards was 4,266 Yen/sqm as of August, up 2.3% from the previous month and up 11.9% from last year. This has exceeded the previous record high set in July. Read more
50-yr old office building converted into share space
An old building in Jimbocho Book Town has been converted into a multi-use share space. Osaka-based construction company, Keyman Inc., took a 50-year old building with a GFA of 288m2 and carried out earthquake retrofitting and upgrades. And they didn’t do it alone - they worked with Souzou Kei Fudosan for consulting and Aki Watanabe Architects for design.Read more
Rapidly rising condo prices causing rental renaissance in Japan
An interesting shift is underway in the rental market as investors and developers see the potential in roomier apartments. This has been spurred on by the rising price of condominiums. Would-be home buyers priced out of the market are renting instead, leading to a new influx of tenants.Read more