residential

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Residential

Tokyo Residential Leasing Q2/2025

"Rental growth continues and prospects remain positive. Tokyo’s fundamentals are strong, with the peak spring moving season heralding a large net influx of new residents, bolstering rental demand. Multiple factors such as heightened for-sale condominium prices, limited new supply, strong wage growth, and elevated office participation, should underpin consistent rental growth."

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Residential

Tokyo Residential Leasing Q1/2025

"The 23W residential market sustained its positive momentum over the quarter, with most wards recording robust quarterly rental growth, driven by tight demand and supply fundamentals. It is highly likely that average rents in our monitored portfolio appear higher than the reality and seasonality accelerates this momentum, but this should be a good indicator of the current hot market."

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Residential

Tokyo Residential Leasing - Q4/2024

"Optimism continues to grow in the 23W residential market, with all constituent wards having experienced both quarterly and annual rental growth. Net migration continues to hit new highs, while supply constraints for new for-sale condominiums should continue to shift some demand to the rental residential market, bolstering confidence in the sector for the year to come."

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