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Area · Tokyo

Tokyo

Liquidity, scale and deep global demand — the default entry point for most foreign investors in Japan.

At a Glance

Tokyo in 3 numbers

Figures are indicative. See linked sources for the latest official data.

Population~14MTokyo Metropolis. Greater Tokyo area ~37M — the world's largest urban region.
Avg. price (new condo, 23 wards)~¥2.1M/sqmFY2025 record (avg ¥137.8M/unit, +18.5% YoY). Central-5 wards command a multiple of outer wards.
Gross rental yield3.0–4.5%Central wards average ~3.4%; compressed by high prices.
Key Features

What makes Tokyo special

01 / Depth

Deepest buyer pool in Japan

Tokyo accounts for roughly 40% of residential transactions and the bulk of institutional-grade deals. Exit liquidity rarely becomes a bottleneck.

02 / Stability

Resilient tenant demand

Central-ward vacancy rarely exceeds 3–4% across cycles; rents in the central five wards have risen for 20+ consecutive months.

03 / Access

Global mobility and infrastructure

Two international airports, dense Metro, Shinkansen hub — the easiest Japanese city to reach from abroad for personal-use buyers.

Sub-Areas

Key sub-markets within Tokyo

Investment Types

What works well in Tokyo

Suitability rating reflects typical foreign-investor outcomes — not an absolute ranking.

Apartment / Condominium

high

The mainstream choice. Central-ward small-to-mid units offer the best liquidity and simplest overseas management.

Hotel / Hospitality

high

Business hotels and serviced apartments have strong tenant demand; operator quality is the key variable.

Detached house

medium

Works for personal use / family rentals (Setagaya, Meguro). Harder to manage remotely than condos.

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