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

Secondhand apartment prices in November - 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 40,610,000 Yen in November, down 0.1% from the previous month but up 3.4% from last year. 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 54,690,000 Yen, up 0.2% from the previous month and up 6.7% from last year. The average apartment age was 20.9 years.Read more

by Zoe Ward

Office vacancy rates in November - Miki Shoji

According to Miki Shoji's office report, the office vacancy rate in Tokyo's 5 central business districts (Chyoda, Chuo, Minato, Shinjuku and Shibuya) was 7.52% in November, down 0.04 points from the previous month and down 1.24 points from last year. This is the fifth month in a row where vacancy rates have fallen.

The vacancy rate in brand new buildings was 16.71%, down 0.33 points from the previous month and down 14.15 points from last year.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

TAS Corp's rental market data for September

According to TAS Corp's latest report on the rental market for apartments, the average vacancy rate in Tokyo's 23-ku was 11.56% in September, up 0.07 points from the previous month but down 0.08 points from September 2012.Read more

by Zoe Ward

Land prices up in 71% of locations - MLIT LOOK Report

The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) published the data on land price movements across Japan for the third quarter in 2013 (July 1 ~ October 1).

The Chika LOOK Report measures land price changes in 150 locations throughout Japan. According to the latest data, 107 locations (71.3% of the total) saw an increase in land prices. This is higher than the last quarter which saw 99 locations with an increase in land prices. 34 locations (22.7%) saw no change in prices, while 9 locations (6%) saw a fall in land prices.Read more

by Zoe Ward