Average land price Tokyo Prefecture 2010-2019

In 2019, the average land price in Tokyo stood at about 1.07 million Japanese yen per square meter, up from approximately 1.01 million yen in the previous year.

Average land prices in Japan

Average land prices in Japan showed an upward trend in the last years after reaching a low point in 2012. Partly due to the ongoing depopulation of many rural areas, land prices tend to be significantly higher in the more urban areas. Among all the prefectures in Japan, Tokyo had the highest average official land prices, followed by Osaka and Kyoto. The buildings with the highest price point on commercial land in Japan were all located in the capital city as of 2019.

The situation in Tokyo

Within Tokyo, the wards Chiyoda, Chuo, Minato, Shibuya, and Shinjuku form the central business district, which is marked by particularly high rents and low vacancy rates. Among the 23 wards of the city, Chuo had the highest average land price in 2019. The ward lies to the east of Tokyo Station and encompasses the Ginza, which is one of the country’s most expensive shopping areas. Japan’s booming tourism industry as well as rebuilding and redevelopment projects are some of the factors contributing to rising land prices in Tokyo’s commercial areas.

Average land price in Tokyo Prefecture from 2010 to 2019

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Source

Release date

June 2020

Region

Japan

Survey time period

2010 to 2019

Supplementary notes

The source does not provide an exact publication date. Date given here is the day of data access.
1 Japanese yen equals 0.0094 U.S. dollars or 0.0083 euros as of June 2020.
Figures have been rounded.

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Statistics on "Real estate in Japan"

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