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Tokyo Japan

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Japan
Last Updated: 18-Nov-2010
Market Overview
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Market Research

* Click on each category for a detailed definition.

Rent/M2/Month RENT/SF/Year
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) JPY 6,020.00 JPY 8,682.00 JPY 7,351.00 $ 75.83 $ 109.37 $ 83.06 8.5% 4.5%
Class A (Prime) JPY 4,991.00 JPY 7,835.00 JPY 6,413.00 $ 62.87 $ 98.70 $ 72.46 8.7% 4.8%
Class B (Secondary) JPY 4,388.00 JPY 5,357.00 JPY 4,872.00 $ 55.28 $ 67.48 $ 55.05 5.8% 6.0%
 
Suburban Office
New Construction (AAA) JPY 4,764.00 JPY 5,876.00 JPY 5,320.00 $ 60.01 $ 74.02 $ 60.11 N/A 7.0%
Class A (Prime) JPY 3,025.00 JPY 4,538.00 JPY 3,781.00 $ 38.11 $ 57.16 $ 42.72 10.1% .0%
Class B (Secondary) JPY 2,118.00 JPY 3,630.00 JPY 2,874.00 $ 26.68 $ 45.73 $ 32.47 18.3% .0%
 
Industrial
Bulk Warehouse JPY 1,301.00 JPY 1,876.00 JPY 1,588.00 $ 16.39 $ 23.63 $ 17.94 14.0% 6.0%
Manufacturing N/A N/A N/A N/A N/A N/A N/A .0%
High Tech / R&D N/A N/A N/A N/A N/A N/A N/A .0%
 
Retail
Downtown JPY 14,006.00 JPY 16,123.00 JPY 15,065.00 $ 176.43 $ 203.10 $ 170.23 N/A 5.0%
Neigborhood Service Centers JPY 3,539.00 JPY 4,099.00 JPY 3,819.00 $ 44.58 $ 51.63 $ 43.15 N/A .0%
Community Power Center N/A N/A N/A N/A N/A N/A N/A .0%
Regional Malls N/A N/A N/A N/A N/A N/A N/A .0%

Development Land Low/ M2 High/ M2 Low/Acre High/Acre
Office in CBD JPY 5,989,500.00 JPY 22,687,500.00 $ 273,883,434.58 $ 1,037,437,252.19
Land in Office Parks N/A N/A N/A N/A
Land in Industrial Parks N/A N/A N/A N/A
Office/Industrial Land - Non-park JPY 3,327,500.00 N/A $ 152,157,463.66 N/A
Retail/Commercial Land JPY 8,902,575.00 JPY 976,725.00 $ 407,090,377.76 $ 44,662,959.79
Residential JPY 6,319,225.00 JPY 13,252,525.00 $ 288,960,855.98 $ 606,001,680.25

Conversion 88.5JPY = 1 US$


Footnote: Methodolgy has changed compared to previous year." Effective Average" stands for arithmetic average and not weighted average
 

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