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Tokyo condominium rents to rise 3.2% in 2024, marking seventh consecutive year of increase

Summary by Nikkei
Real estate research company Tokyo Kantei (Shinagawa, Tokyo) announced on the 16th that the rent for condominiums in Tokyo in 2024 will be 4,163 yen per square meter, up 3.2% from the previous year. This is the seventh consecutive year of increase. Although rental demand has remained steady, the recent rent increases have reached a level that makes it difficult for tenants to afford, and the growth rate has shrunk from 2023 (7.5%). Condominium r…
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