Rental Market
Part two of our Monthly Report for January 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
December 2019: ¥2,215 per square meter a total of 2,262 units leased
December 2018: ¥2,200 per square meter a total of 2,388 units leased
Year-over-year change of .7% per square meter
New Units Listed
December 2019: ¥2,187 per square meter a total of 7,103 units listed
December 2018: ¥2,200 per square meter a total of 6,800 units listed
Year-over-year change of -.6% per square meter
Osaka City (6 main wards: Chuo, Kita, Nishi, Fukushima, Tennoji, Naniwa
Contracted Units
December 2019: ¥2,500 per square meter a total of 784 units leased
December 2018: ¥2,500 per square meter a total of 863 units leased
Average Rent (December 2019): ¥58,800 average area of 23.65 square meter
Average Rent (December 2018): ¥58,300 average area of 23.64 square meter
New Units Listed
December 2019: ¥2,600 per square meter a total of 2,486 units listed
December 2018: ¥2,500 per square meter a total of 2,454 units listed
Average Rent (September 2019): ¥61,300 average area of 23.88 square meter
Average Rent (September 2018): ¥61,600 average area of 24.45 square meter
1 Bedroom or Larger “Mansions”
Osaka Prefecture
Contracted Units
December 2019: ¥1,800 per square meter a total of 2,177 units leased
December 2018: ¥1,732 per square meter a total of 2,203 units leased
Year-over-year change of 3.8% per square meter
New Units Listed
December 2019: ¥1,800 per square meter a total of 6,833 units listed
December 2018: ¥1,710 per square meter a total of 6,127 units listed
Year-over-year change of 5.0% per square meter
Osaka City (6 main wards: Chuo, Kita, Nishi, Fukushima, Tennoji, Naniwa
Contracted Units
December 2019: ¥2,400 per square meter a total of 530 units leased
December 2018: ¥2,300 per square meter a total of 527 units leased
Average Rent (December 2019): ¥109,700 average area of 45.67 square meter
Average Rent (December 2018): ¥114,100 average area of 48.68 square meter
New Units Listed
December 2019: ¥2,600 per square meter a total of 1,593 units listed
December 2018: ¥2,400 per square meter a total of 1,713 units listed
Average Rent (December 2019): ¥123,100 average area of 47.50 square meter
Average Rent (December 2018): ¥111,800 average area of 45.49 square meter
Studio Type Apartments
Osaka Prefecture
Contracted Units
December 2019: ¥2,000 per square meter a total of 299 units leased
December 2018: ¥2,100 per square meter a total of 404 units leased
Year-over-year change of -2.0% per square meter
New Units Listed
September 2019: ¥1,908 per square meter a total of 846 units listed
September 2018: ¥2,000 per square meter a total of 761 units listed
Year-over-year change of -4.6% per square meter
Hyogo Prefecture
Contracted Units
December 2019: ¥1,985 per square meter a total of 128 units leased
December 2018: ¥2,100 per square meter a total of 153 units leased
Year-over-year change of -5.5% per square meter
New Units Listed
December 2019: ¥1,952 per square meter a total of 426 units listed
December 2018: ¥2,000 per square meter a total of 472 units listed
Year-over-year change of -2.4% per square meter
Kyoto Prefecture
Contracted Units
December 2019: ¥2,066 per square meter a total of 34 units leased
December 2018: ¥2,300 per square meter a total of 28 units leased
Year-over-year change of -10.2% per square meter
New Units Listed
September 2019: ¥1,813 per square meter a total of 93 units listed
September 2018: ¥1,900 per square meter a total of 101 units listed
Year-over-year change of -4.6% per square meter
1 Bedroom or Larger Apartments
Osaka Prefecture
Contracted Units
December 2019: ¥1,600 per square meter a total of 323 units leased
December 2018: ¥1,630 per square meter a total of 297 units leased
Year-over-year change of -1.9% per square meter
New Units Listed
December 2019: ¥1,556 per square meter a total of 1,009 units listed
December 2018: ¥1,600 per square meter a total of 1,183 units listed
Year-over-year change of -2.8% per square meter
Average Rent (December 2019): ¥65,400 average area of 42.21 square meter
Average Rent (December 2018): ¥70,400 average area of 44.20 square meter
Hyogo Prefecture
Contracted Units
December 2019: ¥1,352 per square meter a total of 214 units leased
December 2018: ¥1,400 per square meter a total of 233 units leased
Year-over-year change of -3.2% per square meter
New Units Listed
December 2019: ¥1,327 per square meter a total of 848 units listed
December 2018: ¥1,400 per square meter a total of 702 units listed
Year-over-year change of 5.2% per square meter
Average Rent (December 2019): ¥58,500 average area of 45.33 square meter
Average Rent (December 2018): ¥62,100 average area of 45.64 square meter
Kyoto Prefecture
Contracted Units
December 2019: ¥1,342 per square meter a total of 17 units leased
December 2018: ¥1,500 per square meter a total of 34 units leased
Year-over-year change of -10.5% per square meter
New Units Listed
December 2019: ¥1,504 per square meter a total of 119 units listed
December 2018: ¥1,500 per square meter a total of 102 units listed
Year-over-year change of .3% per square meter
Average Rent (September 2019): ¥65,700 average area of 43.26 square meter
Average Rent (September 2018): ¥62,200 average area of 41.11 square meter
As for the rental market there shouldn’t be a drastic change year to year or month to month, but it will be interesting to see the data for the months of February and March since that is the peak time for movement.
For additional information please contact us here
Email: info@remax-apex.com
For the original data in Japanese clink here → Kinki Reins