Tokyo Metropolitan Area Rental Market Trends: Latest Area Analysis Using the CRIX Index
Nippon Information Create has released a monthly report on the Tokyo metropolitan rental market using the CRIX index, revealing an emerging oversupply in Tokyo's 23 wards.
📋 Article Processing Timeline
- 📰 Published: April 11, 2026 at 00:30
- 🔍 Collected: April 11, 2026 at 00:21
- 🤖 AI Analyzed: April 20, 2026 at 05:05 (220h 43m after Collected)
Nippon Information Create Co., Ltd. (Headquarters: Miyakonojo City, Miyazaki Prefecture; President and CEO: Kunio Tsujimura; hereafter "Nippon Information Create", Securities Code: 4054) is pleased to announce the publication of a monthly report utilizing the CRIX index, an indicator of the rental real estate market.
Based on the latest data, this report explains in detail the market trends in Tokyo's 23 wards, Kanagawa, Saitama, and Chiba prefectures.
*Based on our company's research of published figures.
*Published figures represent the latest data.
## Expansion of the Supply-Demand Gap in Tokyo's 23 Wards Affects Apartment Rent Payment Trends
### [Tokyo 23 Wards]
In Tokyo's 23 wards, both apartments and condominiums continue to see improvements in vacancy rates across all area segments. The average rent paid compared to the previous month for apartments saw a slight decrease for family-oriented 50sqm+ units, a slight increase for single-oriented 0-20sqm and 20-30sqm units, and an increase for couple-oriented 30-50sqm units. For condominiums, rent paid compared to the previous month increased slightly in the 0-20sqm segment, which has the highest vacancy rate, while other area segments continued to rise. The growth rate of households in Tokyo's 23 wards peaked in September 2024 and has turned downward. On the other hand, the number of rental housing starts is stable at around 5,000 units/month, so the supply-demand gap has also been expanding (oversupply) since September 2024. This is thought to be affecting the trends in apartment rent payments.
### [Kanagawa Prefecture]
In Kawasaki City, vacancy rates continue to improve across all area segments for both apartments and condominiums. However, excluding apartments and condominiums of 50sqm+ and condominiums of 20-30sqm, rent paid has fallen compared to the previous month. Rent paid compared to the same month last year has fallen, except for apartments of 50sqm+. In addition, the rent paid level for family-oriented 50sqm+ units for both apartments and condominiums has fallen below the January 2018 level, suggesting the possibility that properties in areas with poor transportation convenience are lowering rents to fill vacancies.
Based on the latest data, this report explains in detail the market trends in Tokyo's 23 wards, Kanagawa, Saitama, and Chiba prefectures.
*Based on our company's research of published figures.
*Published figures represent the latest data.
## Expansion of the Supply-Demand Gap in Tokyo's 23 Wards Affects Apartment Rent Payment Trends
### [Tokyo 23 Wards]
In Tokyo's 23 wards, both apartments and condominiums continue to see improvements in vacancy rates across all area segments. The average rent paid compared to the previous month for apartments saw a slight decrease for family-oriented 50sqm+ units, a slight increase for single-oriented 0-20sqm and 20-30sqm units, and an increase for couple-oriented 30-50sqm units. For condominiums, rent paid compared to the previous month increased slightly in the 0-20sqm segment, which has the highest vacancy rate, while other area segments continued to rise. The growth rate of households in Tokyo's 23 wards peaked in September 2024 and has turned downward. On the other hand, the number of rental housing starts is stable at around 5,000 units/month, so the supply-demand gap has also been expanding (oversupply) since September 2024. This is thought to be affecting the trends in apartment rent payments.
### [Kanagawa Prefecture]
In Kawasaki City, vacancy rates continue to improve across all area segments for both apartments and condominiums. However, excluding apartments and condominiums of 50sqm+ and condominiums of 20-30sqm, rent paid has fallen compared to the previous month. Rent paid compared to the same month last year has fallen, except for apartments of 50sqm+. In addition, the rent paid level for family-oriented 50sqm+ units for both apartments and condominiums has fallen below the January 2018 level, suggesting the possibility that properties in areas with poor transportation convenience are lowering rents to fill vacancies.