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Tokyo Japan

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

Market Research provided by NAI ChaneyBrooks Japan
Last Updated: 13-Nov-2009
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 6,667.00 JPY 12,727.00 N/A $ 82.58 $ 157.65 N/A N/A N/A
Class A (Prime) JPY 5,455.00 JPY 12,120.00 N/A $ 67.57 $ 150.13 N/A 5.5% N/A
Class B (Secondary) JPY 3,636.00 JPY 11,515.00 N/A $ 45.04 $ 142.64 N/A 5.8% N/A
 
Suburban Office
New Construction (AAA) JPY 6,969.00 JPY 8,789.00 N/A $ 86.32 $ 108.87 N/A N/A N/A
Class A (Prime) JPY 4,849.00 JPY 7,273.00 N/A $ 60.06 $ 90.09 N/A 10.1% N/A
Class B (Secondary) JPY 1,818.00 JPY 6,060.00 N/A $ 22.52 $ 75.07 N/A 18.3% N/A
 
Industrial
Bulk Warehouse JPY 1,045.00 JPY 3,203.00 N/A $ 12.94 $ 39.68 N/A N/A N/A
Manufacturing JPY 1,358.00 JPY 2,732.00 N/A $ 16.82 $ 33.84 N/A N/A N/A
High Tech / R&D N/A N/A N/A N/A N/A N/A N/A N/A
 
Retail
Downtown JPY 5,890.00 JPY 18,023.00 N/A $ 72.96 $ 223.25 N/A N/A N/A
Neigborhood Service Centers JPY 4,385.00 JPY 8,770.00 N/A $ 54.32 $ 108.63 N/A N/A N/A
Community Power Center JPY 3,775.00 JPY 7,260.00 N/A $ 46.76 $ 89.93 N/A N/A N/A
Regional Malls JPY 1,890.00 JPY 3,500.00 N/A $ 23.41 $ 43.35 N/A N/A N/A

Development Land Low/ High/ Low/SF High/SF
Office in CBD JPY 6,330,000.00 JPY 67,000,000.00 $ 70,333.33 $ 744,444.44
Land in Office Parks N/A N/A N/A N/A
Land in Industrial Parks JPY 330,000.00 JPY 1,500,000.00 $ 3,666.67 $ 16,666.67
Office/Industrial Land - Non-park JPY 786,000.00 JPY 5,790,000.00 $ 8,733.33 $ 64,333.33
Retail/Commercial Land JPY 1,700,000.00 JPY 36,340,000.00 $ 18,888.89 $ 403,777.78
Residential JPY 1,300,000.00 JPY 6,300,000.00 $ 14,444.44 $ 70,000.00

Conversion 90JPY = 1 US$


 

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