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The Urban Land Institute and PricewaterhouseCoopers collaborated on the 16th edition of the forward looking report for the region.
Tokyo, Saitama and Kanagawa prefectures rise while Chiba remains unchanged from previous month.
October’s average rent per square metre rose above 3,300 JPY for the first time since tracking began.
Total revenue reached a new all time high for the firm.
Rising prices still point to supply shortage and not decreased buyer demand as the main reason for the decline.
According to joint survey results by e-Seikatsu and GMO Globalsign Holdings.
While transaction volume is slowing for this segment, prices are still rising indicating robust buyer demand remains strong.
REthink Tokyo has compiled data illustrating land pricing trends from 2000 to 2021.
Monthly year-on-year data shows contracting inventory with strong buyer demand continues to drive prices per square metre higher.
While prefectural overall starts declined, Chiyoda, Minato and Chuo saw a significant increase.
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