As of the fourth quarter of 2023, the rent for logistics facilities in the Greater Tokyo Area was the highest in the Tokyo Bay Area, amounting to around 7.6 thousand Japanese yen per tsubo. Located near major ports and airports, the Tokyo Bay Area is considered a hub for the logistics industry.
Rent for logistics facilities per tsubo in the Greater Tokyo Area in Japan as of 4th quarter 2023, by area
(in 1,000 Japanese yen)
Tokyo Bay Area: core bay area of Tokyo Prefecture. Tokyo Gaikan Expressway Area: area surrounded by the Tokyo Gaikan Expressway ring road excluding the Tokyo Bay Area. National Route 16 Area: semi-donut-shaped area from the outside of the Tokyo Gaikan Expressway ring road to the National Route 16. Ken-O Expressway Area: area outside of the National Route 16 (the Ken-O Expressway ring road that runs through the prefectures Tokyo, Saitama, Ibaraki, and Chiba being at the center of this area.)
Tsubo is an area unit in the Japanese system of weights and measures (1 tsubo equals around 3.31 square meters).
100 Japanese yen equal 0.64 U.S. dollars or 0.59 euros as of June 2024.
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MLIT (Japan). (June 18, 2024). Rent for logistics facilities per tsubo in the Greater Tokyo Area in Japan as of 4th quarter 2023, by area (in 1,000 Japanese yen) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1276820/japan-logistics-properties-rent-per-tsubo-greater-tokyo-by-area/
MLIT (Japan). "Rent for logistics facilities per tsubo in the Greater Tokyo Area in Japan as of 4th quarter 2023, by area (in 1,000 Japanese yen)." Chart. June 18, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1276820/japan-logistics-properties-rent-per-tsubo-greater-tokyo-by-area/
MLIT (Japan). (2024). Rent for logistics facilities per tsubo in the Greater Tokyo Area in Japan as of 4th quarter 2023, by area (in 1,000 Japanese yen). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1276820/japan-logistics-properties-rent-per-tsubo-greater-tokyo-by-area/
MLIT (Japan). "Rent for Logistics Facilities per Tsubo in The Greater Tokyo Area in Japan as of 4th Quarter 2023, by Area (in 1,000 Japanese Yen)." Statista, Statista Inc., 18 Jun 2024, https://www.statista.com/statistics/1276820/japan-logistics-properties-rent-per-tsubo-greater-tokyo-by-area/
MLIT (Japan), Rent for logistics facilities per tsubo in the Greater Tokyo Area in Japan as of 4th quarter 2023, by area (in 1,000 Japanese yen) Statista, https://www.statista.com/statistics/1276820/japan-logistics-properties-rent-per-tsubo-greater-tokyo-by-area/ (last visited December 21, 2024)
Rent for logistics facilities per tsubo in the Greater Tokyo Area in Japan as of 4th quarter 2023, by area (in 1,000 Japanese yen) [Graph], MLIT (Japan), June 18, 2024. [Online]. Available: https://www.statista.com/statistics/1276820/japan-logistics-properties-rent-per-tsubo-greater-tokyo-by-area/
