{"id":4179,"date":"2020-06-04T17:55:00","date_gmt":"2020-06-04T09:55:00","guid":{"rendered":"https:\/\/aprea.asia\/?post_type=knowledge-hub&p=4179"},"modified":"2025-03-30T16:11:40","modified_gmt":"2025-03-30T08:11:40","slug":"tokyo-residential-leasing-q1-2020","status":"publish","type":"knowledge-hub","link":"https:\/\/www.aprea.asia\/ja\/knowledge-hub\/tokyo-residential-leasing-q1-2020\/","title":{"rendered":"Tokyo Residential Leasing \u2013 Q1\/2020"},"content":{"rendered":"

Rent growth was solid in both the C5W and the 23W, with the latter leading the way over the quarter and year. That said, given current market conditions, growth looks likely to pause until the impact of COVID-19 becomes clearer.<\/p>\n\n\n\n

\u2022  Rent growth in the Tokyo 23 wards (23W) was solid during Q1\/2020. Rents now stand at JPY4,155 per sq m \u2013 an increase of 2.7% quarter-on-quarter (QoQ) and 5.8% year-on-year (YoY).
\u2022 A verage mid-market rents in the central \ufb01 ve wards (C5W) continued their ascent towards JPY5,000. They are now at JPY4,928 per sq m after growth of 1.8% QoQ and 5.4% YoY.
\u2022 T he C5W saw its premium over the 23W average contract to around 19%. Elsewhere, discounts widened in most other submarkets.<\/p>","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":true},"kh_category":[16],"class_list":["post-4179","knowledge-hub","type-knowledge-hub","status-publish","hentry","kh_category-market-outlook"],"acf":[],"yoast_head":"\nTokyo Residential Leasing \u2013 Q1\/2020 - Asia Pacific Real Assets Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aprea.asia\/ja\/knowledge-hub\/tokyo-residential-leasing-q1-2020\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tokyo Residential Leasing \u2013 Q1\/2020 - Asia Pacific Real Assets Association\" \/>\n<meta property=\"og:description\" content=\"Rent growth was solid in both the C5W and the 23W, with the latter leading the way over the quarter and year. That said, given current market conditions, growth looks likely to pause until the impact of COVID-19 becomes clearer. \u2022  Rent growth in the Tokyo 23 wards (23W) was solid during Q1\/2020. Rents now stand at JPY4,155 per sq m \u2013 an increase of 2.7% quarter-on-quarter (QoQ) and 5.8% year-on-year (YoY).\u2022 A verage mid-market rents in the central \ufb01 ve wards (C5W) continued their ascent towards JPY5,000. They are now at JPY4,928 per sq m after growth of 1.8% QoQ and 5.4% YoY.\u2022 T he C5W saw its premium ... Tokyo Residential Leasing \u2013 Q1\/2020\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.aprea.asia\/ja\/knowledge-hub\/tokyo-residential-leasing-q1-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Pacific Real Assets Association\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-30T08:11:40+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593\" \/>\n\t<meta name=\"twitter:data1\" content=\"1\u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.aprea.asia\/knowledge-hub\/tokyo-residential-leasing-q1-2020\/\",\"url\":\"https:\/\/www.aprea.asia\/knowledge-hub\/tokyo-residential-leasing-q1-2020\/\",\"name\":\"Tokyo Residential Leasing \u2013 Q1\/2020 - Asia Pacific Real Assets Association\",\"isPartOf\":{\"@id\":\"https:\/\/www.aprea.asia\/#website\"},\"datePublished\":\"2020-06-04T09:55:00+00:00\",\"dateModified\":\"2025-03-30T08:11:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.aprea.asia\/knowledge-hub\/tokyo-residential-leasing-q1-2020\/#breadcrumb\"},\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.aprea.asia\/knowledge-hub\/tokyo-residential-leasing-q1-2020\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.aprea.asia\/knowledge-hub\/tokyo-residential-leasing-q1-2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.aprea.asia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Knowledge Hub\",\"item\":\"https:\/\/www.aprea.asia\/knowledge-hub\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Tokyo Residential Leasing \u2013 Q1\/2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.aprea.asia\/#website\",\"url\":\"https:\/\/www.aprea.asia\/\",\"name\":\"Asia Pacific Real Assets Association\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.aprea.asia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ja\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tokyo Residential Leasing \u2013 Q1\/2020 - Asia Pacific Real Assets Association","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.aprea.asia\/ja\/knowledge-hub\/tokyo-residential-leasing-q1-2020\/","og_locale":"ja_JP","og_type":"article","og_title":"Tokyo Residential Leasing \u2013 Q1\/2020 - Asia Pacific Real Assets Association","og_description":"Rent growth was solid in both the C5W and the 23W, with the latter leading the way over the quarter and year. That said, given current market conditions, growth looks likely to pause until the impact of COVID-19 becomes clearer. \u2022  Rent growth in the Tokyo 23 wards (23W) was solid during Q1\/2020. Rents now stand at JPY4,155 per sq m \u2013 an increase of 2.7% quarter-on-quarter (QoQ) and 5.8% year-on-year (YoY).\u2022 A verage mid-market rents in the central \ufb01 ve wards (C5W) continued their ascent towards JPY5,000. They are now at JPY4,928 per sq m after growth of 1.8% QoQ and 5.4% YoY.\u2022 T he C5W saw its premium ... 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