Rental Market

Part two of our Monthly Report for October focusing on the the rental market in Osaka City.
The data in this post will four categories;
(1) Studio type “mansions”
(2) 1 bedroom or larger “mansions”
(3) Studio type apartments
(4) 1 bedroom or larger apartments

For information on what is considered a “mansion” in Japan, click here  → “Mansions”

Studio Type “Mansions”
Osaka Prefecture

Contracted Units
September 2019: ¥2,200 per square meter a total of 2,454 units leased
September 2018: ¥2,202 per square meter a total of 1,438 units leased
Year-over-year change of -.1% per square meter

New Units Listed
September 2019: ¥2,222  per square meter a total of 7,283 units listed
September 2018: ¥2,200 per square meter a total of 7,797 units listed
Year-over-year change of 1% per square meter

Osaka City (6 main wards: Chuo, Kita, Nishi, Fukushima, Tennoji, Naniwa

Contracted Units
September 2019: ¥2,500 per square meter a total of 871 units leased
September 2018: ¥2,500 per square meter a total of 851 units leased
Average Rent (September 2019): ¥59,100 average area of 23.82 square meter
Average Rent (September 2018): ¥59,600 average area of 24.16 square meter

New Units Listed
September 2019: ¥2,500 per square meter a total of 2,488 units listed
September 2018: ¥2,500 per square meter a total of 2,755 units listed
Average Rent (September 2019): ¥60,200 average area of 21.45 square meter
Average Rent (September 2018): ¥60,600 average area of 24.31 square meter

1 Bedroom or Larger “Mansions”
Osaka Prefecture

Contracted Units
September 2019: ¥1,768 per square meter a total of 2,459 units leased
September 2018: ¥1,700 per square meter a total of 1,456 units leased
Year-over-year change of 4% per square meter

New Units Listed
September 2019: ¥1,790  per square meter a total of 7,463 units listed
September 2018: ¥1,700 per square meter a total of 7,855 units listed
Year-over-year change of 5.3% per square meter

Osaka City (6 main wards: Chuo, Kita, Nishi, Fukushima, Tennoji, Naniwa

Contracted Units
September 2019: ¥2,400 per square meter a total of 566 units leased
September 2018: ¥2,400 per square meter a total of 526 units leased
Average Rent (September 2019): ¥114,600 average area of 48.33 square meter
Average Rent (September 2018): ¥110,900 average area of 45.12 square meter

New Units Listed
September 2019: ¥2,600 per square meter a total of 1,600 units listed
September 2018: ¥2,400 per square meter a total of 1,713 units listed
Average Rent (September 2019): ¥123,100 average area of 47.79 square meter
Average Rent (September 2018): ¥113,700 average area of 48.21 square meter

Studio Type Apartments
Osaka Prefecture

Contracted Units
September 2019: ¥2,000 per square meter a total of 250 units leased
September 2018: ¥2,016 per square meter a total of 344 units leased
Year-over-year change of -.8% per square meter

New Units Listed
September 2019: ¥1,900  per square meter a total of 607 units listed
September 2018: ¥1,986 per square meter a total of 670 units listed
Year-over-year change of -4.5% per square meter

Hyogo Prefecture

Contracted Units
September 2019: ¥2,000 per square meter a total of 124 units leased
September 2018: ¥2,100 per square meter a total of 136 units leased
Year-over-year change of -5% per square meter

New Units Listed
September 2019: ¥1,900  per square meter a total of 398 units listed
September 2018: ¥1,976 per square meter a total of 503 units listed
Year-over-year change of -4% per square meter

Kyoto Prefecture

Contracted Units
September 2019: ¥1,900 per square meter a total of 21 units leased
September 2018: ¥2,187 per square meter a total of 32 units leased
Year-over-year change of -15.1% per square meter

New Units Listed
September 2019: ¥2,000  per square meter a total of 74 units listed
September 2018: ¥2,018 per square meter a total of 117 units listed
Year-over-year change of -.9% per square meter

1 Bedroom or Larger Apartments
Osaka Prefecture

Contracted Units
September 2019: ¥1,632 per square meter a total of 271 units leased
September 2018: ¥1,600 per square meter a total of 341 units leased
Year-over-year change of 2.0% per square meter

New Units Listed
September 2019: ¥1,500  per square meter a total of 1,006 units listed
September 2018: ¥1,590 per square meter a total of 1,183 units listed
Year-over-year change of -4.5% per square meter
Average Rent (September 2019): ¥68,300 average area of 44.58 square meter
Average Rent (September 2018): ¥65,000 average area of 41.77 square meter

Hyogo Prefecture

Contracted Units
September 2019: ¥1,300 per square meter a total of 203 units leased
September 2018: ¥1,333 per square meter a total of 214 units leased
Year-over-year change of -2.5% per square meter

New Units Listed
September 2019: ¥1,322  per square meter a total of 828 units listed
September 2018: ¥1,300 per square meter a total of 1,011 units listed
Year-over-year change of 1.7% per square meter
Average Rent (September 2019): ¥59,100 average area of 44.82 square meter
Average Rent (September 2018): ¥59,300 average area of 45.74 square meter

Kyoto Prefecture

Contracted Units
September 2019: ¥1,457 per square meter a total of 19 units leased
September 2018: ¥1,400 per square meter a total of 26 units leased
Year-over-year change of 4.1% per square meter

New Units Listed
September 2019: ¥1,400  per square meter a total of 122 units listed
September 2018: ¥1,512 per square meter a total of 151 units listed
Year-over-year change of -8% per square meter
Average Rent (September 2019): ¥62,100 average area of 43.76 square meter
Average Rent (September 2018): ¥64,700 average area of 41.94 square meter

For the original data in Japanese clink here Kinki Reins