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Residential rent index climbs nationwide in Japan Q1 2025

  • Writer: Adam German
    Adam German
  • 17 hours ago
  • 1 min read

On June 23rd, real estate information provider At Home and Sumitomo Mitsui Trust Research Institute released the Q1 2025 (January to March) Condominium Rent Index report.


The index is based on data compiled by At Home from executed rental contracts for condominiums across 12 areas nationwide.


The base index value is set to Q1 2009 (index = 100).


Changes are categorized as follows: a difference of -5.00 or lower indicates a "significant decline," -4.99 to -0.51 a "moderate decline," -0.50 to +0.50 "flat," +0.51 to +4.99 "increase," and +5.00 or more a "significant increase."


At Home and Sumitomo Mitsui Trust Research Institute 2025.Q1 Rental Index Trend Report

Graph courtesy of report linked at the bottom of this article. Edited by Patience Realty.


Greater Tokyo Region: All Areas See Gains


In the Greater Tokyo Area, all measured subregions posted rent increases compared to the previous quarter:


  • Tokyo 23 Wards: 126.36 (+1.65)

  • Western Tokyo (Tokyo-to excluding 23 Wards): 116.20 (+3.88)

  • Yokohama and Kawasaki: 120.56 (+2.68)

  • Western Chiba: 123.34 (+3.73)

  • South-East Saitama: 118.46 (+3.00)


Regional Cities: Osaka Continues Surge, Kyoto Declines


Among major regional cities:


  • Sapporo: 126.77 (+3.34)

  • Sendai: 125.95 (+1.28)

  • Nagoya: 99.80 (+1.99)

  • Kyoto: 121.90 (–1.70)

  • Osaka (city only): 138.34 (+2.42)

  • Greater Osaka (including suburbs): 122.06 (+5.43)

  • Fukuoka: 125.15 (+3.47)


Notably, Greater Osaka recorded a significant increase for the second consecutive quarter, while Kyoto saw a reversal into decline.


Tokyo 23 Wards by Condo Type


Breaking down the Tokyo 23 Wards by condo type:


  • Single-type units (18–30 m²): 123.91 (+1.85)

  • Compact units (30–60 m²): 128.70 (+0.56)

  • Family-type units (60–100 m²): 131.36 (+1.16)


Further Reading:

Q1 2025 (January to March) Condominium Rent Index report (Japanese only; provided more granular rental trend data than that outlined above)


Source:

R.E. Port News (Japanese only)

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Tokyo, Japan 100-0005

License Number: Tokyo Metropolitan Governor (1) No. 108551

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