Japan major metro family condo rents rise YoY for eight straight months
On September 25th, property portal At Home released their Rent Trends in Major Cities Nationwide for August, 2023.
AtHome is a domestic, Japanese language only property portal, often spoken of in the same breath as Suumo or Lifull Homes.
Comparable property portals are Zillow in the US or RightMove in the UK.
The AtHome report covered the following ten metro areas:
Greater Tokyo Area including…
For rental condominiums, the units were categorised into the following size ranges and demographic targeted:
30 square metres and less - Singles
30 to 50 square metres - Couples
50 to 70 square metres - Families
70 square metres and above - Larger Families
For August 2023 year-on-year (YoY) movements, the top three results in each category were reported as follows:
Swipe left to see next slide.
Family rental condos have consistently outperformed YoY figures for eight consecutive months across all ten geographies measured.
Notably, Tokyo 23 wards, Saitama Prefecture, Nagoya City, Osaka City, and Fukuoka City have reached their highest rents since January of 2015, when AtHome began releasing monthly rent reports.
Download the full AtHome Rent Trends in Major Cities Nationwide August 2023 report which provides more granular data for each locale plus more data on wood-frame apartment rentals. (Japanese only)