## Real Estate Leases

Part two of our Monthly Report for February will mainly focusing on the the rental market in **Osaka City** but will also venture out to Kyoto and Hyogo Prefectures when breaking down the data for apartment type units.

## The data in this post will cover four main categories;

### １．Studio Type Mansions

２．1 Bedroom or Larger Mansions

３．Studio Type Apartments

４．1 Bedroom or Larger Apartments

The four main categories will also include sub-categories which will cover the number of units leased and the number of new rental units on the market.

For a better understanding on the differences between an “apartment” and “mansion” click here click here → **“Mansions”**

## １．Studio Type Mansions

Osaka Prefecture

### Contracted Units

January 2020: **¥2,200 **per square meter a total of **2,396 units leased**

January 2019: **¥2,200** per square meter a total of **2,503 units leased**

Year-over-year change of **0.0%** per square meter

January 2020: average rent **¥50,300**

January 2019: average rent **¥50,900**

Year-over-year change of **-1.2%** (average rent)

January 2020: average floor area **22.86m² **

January 2019: average floor area **23.15m²**

Year-over-year change of **-1.3%** (average floor area)

### New Units Listed

January 2020: **¥2,233 **per square meter a total of **8,207 units listed**

January 2019: **¥2,200** per square meter a total of **7,155 units listed**

Year-over-year change of **1.5% **per square meter

January 2020: average rent **¥50,400**

January 2019: average rent **¥49,900**

Year-over-year change of **1.5%** (average rent)

January 2020: average floor area **22.63m² **

January 2019: average floor area **22.77m²**

Year-over-year change of **-0.6%** (average floor area)

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

### Contracted Units

January 2020: **¥2,500 **per square meter a total of ** 1,717 units leased**

January 2019: **¥2,500** per square meter a total of **1,757 units leased**

January 2020: average rent **¥58,800** average area of 23.52m²

January 2019: average rent **¥50,900** average area of 23.63m²

### New Units Listed

January 2020: **¥2,600 **per square meter a total of ** 2,688 units leased**

January 2019: **¥2,500** per square meter a total of **2,447 units leased**

January 2020: average rent **¥61,700** average area of 23.94m²

January 2019: average rent **¥61,200** average area of 24.11m²

## ２．1 Bedroom or Larger Mansions

Osaka Prefecture

### Contracted Units

January 2020: **¥1,727 **per square meter a total of **2,223 units leased**

January 2019: **¥1,700** per square meter a total of **2,169 units leased**

Year-over-year change of **1.6%** per square meter

January 2020: average rent **¥82,900**

January 2019: average rent **¥80,200**

Year-over-year change of **3.4%** (average rent)

January 2020: average floor area **47.97m² **

January 2019: average floor area **47.12m²**

Year-over-year change of **1.8%** (average floor area)

### New Units Listed

January 2020: **¥1,768 **per square meter a total of **7,614 units listed**

January 2019: **¥1,700** per square meter a total of **6,521 units listed**

Year-over-year change of **4.0% **per square meter

January 2020: average rent **¥85,000**

January 2019: average rent **¥80,700**

Year-over-year change of **5.3%** (average rent)

January 2020: average floor area **48.79m² **

January 2019: average floor area **48.19m²**

Year-over-year change of **1.2%** (average floor area)

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

### Contracted Units

January 2020: **¥2,400 **per square meter a total of ** 491 units leased**

January 2019: **¥2,400** per square meter a total of **486 units leased**

January 2020: average rent **¥113,100** average area of 47.12m²

January 2019: average rent **¥108,200** average area of 45.78m²

### New Units Listed

January 2020: **¥2,600 **per square meter a total of ** 1,718 units leased**

January 2019: **¥2,400** per square meter a total of **1,434 units leased**

January 2020: average rent **¥124,300** average area of 48.15m²

January 2019: average rent **¥114,000** average area of 46.66m²

## ３．Studio Type Apartments

Osaka Prefecture

### Contracted Units

January 2020: **¥2,111 **per square meter a total of **376 units leased**

January 2019: **¥2,100** per square meter a total of **428 units leased**

Year-over-year change of **0.5%** per square meter

January 2020: average rent **¥54,900**

January 2019: average rent **¥52,500**

Year-over-year change of **4.6%** (average rent)

January 2020: average floor area **26.61m² **

January 2019: average floor area **25.56m²**

Year-over-year change of **4.1%** (average floor area)

## New Units Listed

January 2020: **¥1,942 **per square meter a total of **756 units listed**

January 2019: **¥2,000** per square meter a total of **637 units listed**

Year-over-year change of **-2.1% **per square meter

January 2020: average rent **¥46,100**

January 2019: average rent **¥48,500**

Year-over-year change of **-4.9%** (average rent)

January 2020: average floor area **23.79m² **

January 2019: average floor area **24.49m²**

Year-over-year change of **-2.9%** (average floor area)

## Hyogo Prefecture

### Contracted Units

January 2020: **¥2,000 **per square meter a total of **146 units leased**

January 2019: **¥2,109** per square meter a total of **182 units leased**

Year-over-year change of **5.2%** per square meter

January 2020: average rent **¥50,700**

January 2019: average rent **¥53,000**

Year-over-year change of **-4.2%** (average rent)

January 2020: average floor area **25.72m² **

January 2019: average floor area **25.44m²**

Year-over-year change of **1.1%** (average floor area)

### New Units Listed

January 2020: **¥1,941 **per square meter a total of **531 units listed**

January 2019: **¥2,000** per square meter a total of **477 units listed**

Year-over-year change of **-3.1% **per square meter

January 2020: average rent **¥45,100**

January 2019: average rent **¥47,100**

Year-over-year change of **-4.3%** (average rent)

January 2020: average floor area **23.49m² **

January 2019: average floor area **23.78m²**

Year-over-year change of **-1.2%** (average floor area)

## Kyoto Prefecture

### Contracted Units

January 2020: **¥2,000 **per square meter a total of **23 units leased**

January 2019: **¥2,208** per square meter a total of **25 units leased**

Year-over-year change of **-10.4%** per square meter

January 2020: average rent **¥39,600**

January 2019: average rent **¥53,200**

Year-over-year change of **-25.5%** (average rent)

January 2020: average floor area **20.12m² **

January 2019: average floor area **24.20m²**

Year-over-year change of **16.9%** (average floor area)

### New Units Listed

January 2020: **¥2,022 **per square meter a total of **145 units leased**

January 2019: **¥1,900** per square meter a total of **124 units leased**

Year-over-year change of **6.4%** per square meter

January 2020: average rent **¥46,100**

January 2019: average rent **¥42,800**

Year-over-year change of **7.5%** (average rent)

January 2020: average floor area **23.24m² **

January 2019: average floor area **23.00m²**

Year-over-year change of **1.0%** (average floor area)

## ４．1 Bedroom or Larger Apartments

Osaka Prefecture

### Contracted Units

January 2020: **¥1,635 **per square meter a total of **306 units leased**

January 2019: **¥1,700** per square meter a total of **364 units leased**

Year-over-year change of **-2.2%** per square meter

January 2020: average rent **¥66,800**

January 2019: average rent **¥63,900**

Year-over-year change of **4.4%** (average rent)

January 2020: average floor area **41.24m² **

January 2019: average floor area **38.63m²**

Year-over-year change of **6.7%** (average floor area)

## New Units Listed

January 2020: **¥1,500 **per square meter a total of **1001 units listed**

January 2019: **¥1,551** per square meter a total of **967 units listed**

Year-over-year change of **-3.4% **per square meter

January 2020: average rent **¥62,900**

January 2019: average rent **¥67,200**

Year-over-year change of **-6.4%** (average rent)

January 2020: average floor area **42.08m² **

January 2019: average floor area **43.41m²**

Year-over-year change of **-3.1%** (average floor area)

## Hyogo Prefecture

### Contracted Units

January 2020: **¥1,400 **per square meter a total of **236 units leased**

January 2019: **¥1,473** per square meter a total of **242 units leased**

Year-over-year change of **-5.2%** per square meter

January 2020: average rent **¥62,800**

January 2019: average rent **¥60,600**

Year-over-year change of **3.6%** (average rent)

January 2020: average floor area **46.29m² **

January 2019: average floor area **42.36m²**

Year-over-year change of **9.3%** (average floor area)

### New Units Listed

January 2020: **¥1,300 **per square meter a total of **981 units listed**

January 2019: **¥1,308** per square meter a total of **775 units listed**

Year-over-year change of **-.6% **per square meter

January 2020: average rent **¥58,700**

January 2019: average rent **¥57,600**

Year-over-year change of **1.9%** (average rent)

January 2020: average floor area **45.79m² **

January 2019: average floor area **44.65m²**

Year-over-year change of **2.6%** (average floor area)

## Kyoto Prefecture

### Contracted Units

January 2020: **¥1,400 **per square meter a total of **26 units leased**

January 2019: **¥1,403** per square meter a total of **39 units leased**

Year-over-year change of **-.2%** per square meter

January 2020: average rent **¥57,500**

January 2019: average rent **¥61,000**

Year-over-year change of **-5.7%** (average rent)

January 2020: average floor area **41.37m² **

January 2019: average floor area **43.76m²**

Year-over-year change of **-5.4%** (average floor area)

### New Units Listed

January 2020: **¥1,420 **per square meter a total of **121 units leased**

January 2019: **¥1,500** per square meter a total of **131 units leased**

Year-over-year change of **-1.7%** per square meter

January 2020: average rent **¥60,900**

January 2019: average rent **¥64,500**

Year-over-year change of **-5.6%** (average rent)

January 2020: average floor area **42.62m² **

January 2019: average floor area **44.40m²**

Year-over-year change of **-4.0%** (average floor area)

## Recap

As for the rental market there shouldn’t be a drastic change year to year or month to month, but only taking a look at the % change can be deceiving. The price per square meter becomes important when making comparisons. There always should be a correlation between the average price per square meter with average floor area, and average rent per month. When the data might seem off, we can assume the contracted units, or the new units to the market are by average older than the year prior or month prior.

For additional information please contact us here

Email: info@remax-apex.com

For the original data in Japanese clink here **→** **Kinki Reins**