Rental Housing Index "CRIX" Utilizing Rent Trends and Vacancy Rates Used in NLI Research Institute's Real Estate Market Report
Nihon Joho Create's rental housing index "CRIX," which indexes rent trends and vacancy rates, has been utilized as alternative data in NLI Research Institute's real estate market report. This has enabled a detailed analysis of the current state of the rental apartment market after the COVID-19 pandemic, revealing differences in supply-demand conditions across cities.
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- 📰 Published: May 13, 2026 at 00:30
- 🔍 Collected: May 12, 2026 at 16:02
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Nihon Joho Create Co., Ltd. (Headquarters: Miyakonojo City, Miyazaki Prefecture; President and CEO: Tsuguo Tsujimura; hereinafter "Nihon Joho Create"; Securities Code: 4054) announces that its rental housing index "CRIX," which indexes rent trends and vacancy rates, has been utilized as alternative data in the real estate market and real estate market analysis report provided by NLI Research Institute (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Tsuneaki Teshima).
■ Utilized for the analysis of "Current Status of the Rental Apartment Market After the COVID-19 Pandemic (2025)"
In the report by NLI Research Institute (Mr. Hajime Yoshida, Senior Researcher, Financial Research Department),
The current status of the rental apartment market after the COVID-19 pandemic is analyzed based on "CRIX," an index of rental housing vacancy rates and average paid rents calculated from rental management data of "Chintai Kakumei," our business management system for real estate management companies.
The report indicates that while the rental apartment market in major cities appears uniformly strong when focusing solely on rent trends, examining vacancy rates and Effective Gross Income (EGI) reveals clear differences in the degree of improvement in supply-demand conditions among cities. Furthermore, for the Tokyo 23 wards, which has the largest market size, demand remains strong supported by population influx and an increase in students, with EGI exceeding pre-COVID levels. However, detailed analysis is also provided on future market trends, such as the anticipated slowdown in population inflow, a decrease in university entrants due to the declining birthrate, and an increase in new supply of larger units (50m² or more), which will influence future market dynamics.
Please check the report content on the NLI Research Institute website below.
URL: https://www.nli-research.co.jp/report/detail/id=85437?site=nli
■ What is CRIX (Create Rental housing Index)?
CRIX (Create Rental housing Index) is an index related to rent and vacancy status, calculated from the vast amount of rental housing management data (big data) held by our company, and has the following features:
・An index calculated from management data, matching actual management conditions.
・Two types of monthly time-series data: [Vacancy Rate] and [Average Rent].
・Covers all prefectures and major municipalities nationwide.
・Rich variations by floor plan, floor area, etc.
We can also provide BI tools and materials that allow easy confirmation of time-series graphs, rates of change over a certain period, etc.
[Free] CRIX materials download here
■ About Nihon Joho Create
Nihon Joho Create has been an IT partner for real estate for 31 years, supporting problem-solving in the real estate industry through in-house developed product development and IT solution provision.
Company Profile
Company Name: Nihon Joho Create Co., Ltd. | TSE Growth (Securities Code: 4054)
Location: 13-18 Kamimachi, Miyakonojo City, Miyazaki Prefecture
Representative: Tsuguo Tsujimura, President and CEO
URL: https://www.n-create.co.jp/
■ Utilized for the analysis of "Current Status of the Rental Apartment Market After the COVID-19 Pandemic (2025)"
In the report by NLI Research Institute (Mr. Hajime Yoshida, Senior Researcher, Financial Research Department),
The current status of the rental apartment market after the COVID-19 pandemic is analyzed based on "CRIX," an index of rental housing vacancy rates and average paid rents calculated from rental management data of "Chintai Kakumei," our business management system for real estate management companies.
The report indicates that while the rental apartment market in major cities appears uniformly strong when focusing solely on rent trends, examining vacancy rates and Effective Gross Income (EGI) reveals clear differences in the degree of improvement in supply-demand conditions among cities. Furthermore, for the Tokyo 23 wards, which has the largest market size, demand remains strong supported by population influx and an increase in students, with EGI exceeding pre-COVID levels. However, detailed analysis is also provided on future market trends, such as the anticipated slowdown in population inflow, a decrease in university entrants due to the declining birthrate, and an increase in new supply of larger units (50m² or more), which will influence future market dynamics.
Please check the report content on the NLI Research Institute website below.
URL: https://www.nli-research.co.jp/report/detail/id=85437?site=nli
■ What is CRIX (Create Rental housing Index)?
CRIX (Create Rental housing Index) is an index related to rent and vacancy status, calculated from the vast amount of rental housing management data (big data) held by our company, and has the following features:
・An index calculated from management data, matching actual management conditions.
・Two types of monthly time-series data: [Vacancy Rate] and [Average Rent].
・Covers all prefectures and major municipalities nationwide.
・Rich variations by floor plan, floor area, etc.
We can also provide BI tools and materials that allow easy confirmation of time-series graphs, rates of change over a certain period, etc.
[Free] CRIX materials download here
■ About Nihon Joho Create
Nihon Joho Create has been an IT partner for real estate for 31 years, supporting problem-solving in the real estate industry through in-house developed product development and IT solution provision.
Company Profile
Company Name: Nihon Joho Create Co., Ltd. | TSE Growth (Securities Code: 4054)
Location: 13-18 Kamimachi, Miyakonojo City, Miyazaki Prefecture
Representative: Tsuguo Tsujimura, President and CEO
URL: https://www.n-create.co.jp/