Tokyo 23rd Ward Real Estate Trends: Price Decline and Rent Increase

In June 2026, the price of used condominiums in Tokyo's 23 wards fell for the first time in 26 months, while rents continued to rise.

In June 2026, the average price of used condominiums in Tokyo's 23 wards dropped to 12.74 million yen, marking the first decline in 26 months. Conversely, rental prices climbed to 4,193 yen per square meter, reflecting a 2.0% increase from the previous month and reaching the highest level in over a year.

This duality highlights the evolving supply-demand dynamics in Tokyo's real estate market. Particularly in the rental sector, increasing residential needs are impacting the market. For international clients, these price fluctuations may present unique investment opportunities.

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