In March 2024, the average monthly rent for one-room apartments in the Greater Tokyo Area in Japan amounted to around **** thousand Japanese yen. The average rent for 2LDK to 3DK apartments increased to ***** thousand yen per month. 2LDK is a Japanese real estate term that describes an apartment with a living, dining, and kitchen area and two separate rooms.

As of May 2025, ***** was the prefecture with the highest average monthly rent for apartments in Japan, at ****** Japanese yen. The lowest average apartment rent was recorded in ***** and ******* Prefecture.

The average rent for a one-bedroom apartment in Tokyo, Japan, was approximately ***** U.S. dollars per month. In comparison, the average monthly rent for a one-bedroom apartment in Shanghai, China, was approximately *** U.S. dollars.

Rent Inflation in Japan increased to 0.40 percent in October from 0.30 percent in September of 2025. This dataset includes a chart with historical data for Japan Rent Inflation.

The average monthly office rent per tsubo in Tokyo's central business districts amounted to around **** thousand Japanese yen in December 2024. In July 2020, the average rent reached a peak of ** thousand yen. Low office vacancy rates in Japan’s metropolitan areas prior to the pandemic In the years before the coronavirus pandemic, increasing rents for office space reflected a general downward trend in vacancy rates for office space in Tokyo's central business districts; Chiyoda, Chuo, Minato, Shinjuku, and Shibuya. Similarly, office vacancy rates in Osaka and other major cities in Japan were also declining steadily. Increasing commercial land prices in the metropolitan areas of Tokyo, Osaka, and Nagoya accompanied this development. Real estate investment in office property With an increasing demand for office space and rising rents, the office market played a growing role in commercial real estate investment. Office property has been among the leading types of property in the portfolios of Japanese real estate investments trusts (J-REITs) and accounted for around one-quarter of securitized properties in Japan.

View monthly updates and historical trends for Tokyo Consumer Price Index: Rent. Source: Japan Statistics Bureau. Track economic data with YCharts analyti…

View monthly updates and historical trends for Tokyo Inflation Rate: Rent. Source: Japan Statistics Bureau. Track economic data with YCharts analytics.

In 2018, Tokyo Prefecture had the highest average rent per tatami unit in Japan at ***** Japanese yen. Aomori had the lowest rent per tatami unit at ***** yen. The average rent per housing unit in Japan was around **** thousand yen in 2018.

View monthly updates and historical trends for Tokyo Consumer Price Index: All Items, Less Imputed Rent. Source: Japan Statistics Bureau. Track economic d…

View monthly updates and historical trends for Tokyo Inflation Rate: All Items, Less Imputed Rent & Fresh Food. Source: Japan Statistics Bureau. Track eco…

In Japan, the growing number of vacant housing units has become a pressing issue, and an increase in inbound tourism has led to accommodation shortages and rising lodging prices. Converting long-term rentals (LTRs) into short-term rentals (STRs) has emerged as a practical solution; however, empirical evidence on which property attributes are best suited for such conversions remains limited. This study identified the physical and locational attributes of vacant LTRs in Tokyo’s 23 wards, which contributed to improved profitability following conversion. Using an open dataset of 7,772 Airbnb listings from 2024, we developed a hedonic pricing model to estimate rates based on floor area, distance to the nearest station, station ridership, nearby tourist attractions, and administrative districts. The model was applied to 20 930 LTR properties to estimate the profit ratio before and after conversion and identify favorable attributes. Higher STR profitability was linked to lower pre-conversion rent, proximity to high-ridership stations, and locations near many tourist attractions within 10 km, especially in wards near transport hubs (e.g., Setagaya, Shibuya, Meguro, Shinagawa, and Shinjuku) and in well-connected, lower-rent peripheral wards (e.g., Nakano and Suginami). These findings offer insights into housing stock utilization and provide guidance for STR regulations and tourism policies.

Linear regression models: LTRHPM for estimating long-term rental profitability and CLTRHPM for estimating profitability ratios before and after STR conversion.

In 2025, the average land price in Tokyo Prefecture stood at about *** million Japanese yen per square meter. The average land price is based on land price surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism and prefectural governments in January and July each year.Average land prices in JapanAverage land prices in Japan showed an upward trend in recent years that was interrupted during the coronavirus pandemic. Partly due to the ongoing depopulation trend in many rural areas, land prices tend to be significantly higher in the more urban areas. Among all the prefectures in Japan, ***** had the highest average official land prices, followed by ***** and *****. The buildings with the highest commercial land prices in Japan were all located in the ************.The situation in TokyoWithin Tokyo, the wards Chiyoda, Chuo, Minato, Shibuya, and Shinjuku form the central business district, which is marked by particularly high rents and low vacancy rates. Among the 23 wards of the city, **** had the highest standard land price in 2025. The ward lies to the east of Tokyo Station and encompasses Ginza, which is one of the country’s most expensive shopping areas. Japan’s booming tourism industry, as well as rebuilding and redevelopment projects, and increased interest from overseas investors, have been some of the factors contributing to rising land prices in Tokyo’s commercial areas.