日本情報クリエイト has published a monthly report based on the CRIX index, detailing vacancy rates and rent trends by area across Tokyo’s 23 wards, Kanagawa, Saitama and Chiba.
This article summarizes a monthly analysis of the rental market using the CRIX index published by 日本情報クリエイト, focusing on trends in Tokyo’s 23 wards, Kanagawa Prefecture, Saitama Prefecture and Chiba Prefecture. Monthly changes in vacancy rates and rents paid are organized by area and floor-area band.
In Tokyo’s 23 wards, vacancy rates deteriorated for 0-20 square metre units aimed at single occupants, while larger floor-area bands saw slight deterioration. Rents paid showed an upward trend except for family-oriented apartments, although the magnitude of the increase narrowed in some bands. This suggests that overall rent trends may be starting to turn from their peak.
In Kanagawa Prefecture, vacancy rates deteriorated across all floor-area bands in Kawasaki, but as the overall level remained below 5%, the market is considered to be operating at near-full occupancy. Meanwhile, rents paid for apartments declined across all bands both month on month and year on year. In Yokohama, vacancy rates improved, while rents paid rose in some bands and fell in others month on month.
In Saitama and Chiba, vacancy rates improved and rents continued to trend upward in Saitama, while improvement in vacancy rates continued in western Chiba. There are signs that residents are moving to areas with convenient access to Tokyo for commuting. Overall, the number of areas showing an upward trend in rents has been increasing.