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Residential Leasing Tokyo

Q1/2021

Report

Reihe: Savills Market in Minutes

Anbieter: Savills

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  • Berichtszeitraum: 1. Quartal 2021
  • Erscheinungsdatum : 01.04.2021
  • Seiten : 5 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 645,51 kB
  • Sprache(n) : Englisch

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Inhalt

A mixed picture emerges

  • Rents in the Tokyo 23 wards (23W) now stand at JPY4,046 per sq m, showing a quarterly recovery with an increase of 1.2% quarter-on-quarter (QoQ), despite seeing an annual decrease of 2.6% year-on-year (YoY).
  • Average mid-market rents in the central five wards (C5W) have declined for the fourth consecutive quarter, and are currently at JPY4,749 per sq m, showing a decline of 3.6% YoY, amid a smaller quarterly decline of 0.6%.
  • In line with its decreasing average rents, the C5W premium has narrowed to 17.4%, whereas the West and Outer East submarkets posted notable growth.
  • At the ward level, Adachi in the Outer East, marked the strongest growth this quarter, posting a 7.2% QoQ gain. On an annual basis, Arakawa displayed the largest gain of 10.5% YoY.
  • In the C5W, average rents for units in the 15-30 sq m size band – which represent the majority of listings – have remained flat, while larger units saw some small corrections.

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