Tokyo Kantei reports further year-on-year declines in rent across greater Tokyo.
This is the 4th consecutive month for Tokyo to record a year-on-year decline in rents, according to Tokyo Kantei.
The average monthly rent of a condominium in Tokyo’s 23 wards was 3,308 Yen/sqm in October, which is up 0.6% from September, but down 0.7% from last year.
Across the greater Tokyo area:
This contrasts with The Japan Real Estate Institute’s report on the recent apartment sale price increases. Click here to read more about this.
Source: Tokyo Kantei, November 16, 2017
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