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WAMARE Economic Watch

Condominium Rent Index Rises Across All Areas in the Tokyo Metropolitan Region

On the 23rd, AT Home Co., Ltd., a real estate information service provider, and Sumitomo Mitsui Trust Basic Research Institute released the condominium rent index for the first quarter of 2025 (January to March).

The index, which tracks rental contract prices for condominiums across 12 regions nationwide based on AT Home’s accumulated data, uses the first quarter of 2009 as its baseline. Changes in index values are categorized as follows: “~-5.00” indicates a significant decrease, “-4.99 to -0.51” a decrease, “-0.50 to +0.50” flat, “+0.51 to +4.99” an increase, and “+5.00~” a significant increase.

In the Tokyo metropolitan area, all regions saw an increase in the rent index. Tokyo’s 23 wards recorded 126.36 (+1.65 from the previous quarter), Tokyo suburbs 116.2 (+3.88), Yokohama and Kawasaki 120.56 (+2.68), western Chiba 123.34 (+3.73), and southeastern Saitama 118.46 (+3.00).

Among regional cities, Sapporo reached 126.77 (+3.34 year-on-year), Sendai 125.95 (+1.28), Nagoya 99.80 (+1.99), Kyoto 121.90 (-1.70), Osaka 138.34 (+2.42), the Osaka suburbs 122.06 (+5.43), and Fukuoka 125.15 (+3.47). Kyoto showed a decline, while the Osaka area continued its sharp rise from the previous quarter. All other areas recorded increases.

By property type in Tokyo’s 23 wards, the index was 123.91 (+1.85) for single-type units (18–30 square meters), 128.70 (+0.56) for compact-type units (up to 60 square meters), and 131.36 (+1.16) for family-type units (60–100 square meters).

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