On June 12, the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) released the Q1 2025 “Land Price LOOK Report”, which tracks land price trends in high-utilization areas across major cities in Japan.
The report surveyed 80 districts—including 22 residential and 58 commercial areas—across the Tokyo (35), Osaka (19), Nagoya (8), and regional (18) areas.
In this quarter (January 1 to April 1, 2025), land prices increased in all 80 districts, marking the fifth consecutive quarter of across-the-board growth. This also represents the 12th straight quarter of increases in residential areas and the fifth in commercial areas.
Residential areas continued to rise due to strong demand for condominiums in locations with excellent convenience and living environments.
Commercial areas saw continued growth driven by redevelopment projects, a rise in domestic and international tourism, and robust demand for retail, hotel, and office spaces.
The only notable change was in Ikebukuro East Exit, a commercial district, where the rate of increase shifted from the “rising (3–6%)” category to the “rising (0–3%)” category. No changes were observed in the rate of increase for residential areas.
MLIT plans to continue monitoring these trends as part of its broader efforts to assess urban development and economic activity.
Reprinted from: Real Estate Distribution Research Institute Co., Ltd. "R.E.port"
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