TAS Corp's rental market data for February

According to TAS Corp's latest report on the rental market for apartments, the average vacancy rate in Tokyo's 23-ku was 11.85% in February, up 0.15 points from the previous month and up 0.28 points from February 2013.

Apartments were advertised for an average of 3.02 months before finding a tenant.Read more

by Zoe Ward

1 in 8 households in Japan live in an apartment

According to Tokyo Kantei, 11.94% of households in Japan live in a condominium apartment. The Tokyo metropolitan area has the highest percentage with 25.90% of households living in apartments.

  • Tokyo: 25.90%
  • Kanagawa Prefecture: 22.17%
  • Osaka: 18.20%Read more

by Zoe Ward

Secondhand apartment prices in January - Tokyo Kantei

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) second-hand apartment in Tokyo's 23 wards was 41,080,000 Yen in January, up 1.0% from the previous month and up 4.2% from January 2013. The average apartment age was 20.6 years.

In central Tokyo's six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average apartment price was 55,680,000 Yen, up 1.4% from the previous month and up 8.1% from last year. The average apartment age was 20.9 years.Read more

by Zoe Ward

Office vacancy rates in January - Miki Shoji

According to Miki Shoji's office report, the office vacancy rate in Tokyo's five central business districts (Chiyoda, Chuo, Minato, Shinjuku and Shibuya) was 7.18% in January, down 0.16 points from the previous month and down 1.38 points from January 2013. Vacancy rates have been decreasing for the past 7 months.

The vacancy rate in brand new buildings was 14.42%, down 0.08 points from the previous month and down 9.79 points from last year.Read more

by Zoe Ward

January rental data - Tokyo Kantei

According to Tokyo Kantei, the average monthly rent of a condominium apartment in greater Tokyo in January was 2,574 Yen/sqm, up 1.6% from January 2013 and up 2.4% from the previous month. The average apartment size was 58.86 sqm and the average building age was 19.0 years.Read more

by Zoe Ward

Secondhand apartment prices in December (and 2013 average) - Tokyo Kantei

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) second-hand apartment in greater Tokyo in 2013 was 27,910,000 Yen, down 2.5% from the previous year. The average apartment age was 20.2 years. For the month of December, the average price was 28,310,000 Yen, up 0.3% from the previous month and up 0.4% from December 2012.

The average price in Tokyo's 23 wards in 2013 was 39,950,000 Yen, up 0.5% from 2012. The average building age was 20.5 years. For the month of December, the average asking price was 40,660,000 Yen, up 0.1% from the previous month and 2.3% higher than December 2012.Read more

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