In the second quarter of 2024, the commercial property price index for offices in the three metropolitan areas of Tokyo, Osaka, and Nagoya in Japan stood at 175.8, up by 0.7 percent compared to the previous quarter. This was above the nationwide property price index for offices in Japan.
Quarterly commercial property price index for office properties in the metropolitan areas of Tokyo, Osaka, and Nagoya in Japan from 1st quarter 2019 to 2nd quarter 2024
2010 as base year with an index of 100; seasonally adjusted figures
Supplementary notes
*Preliminary figures.
The three major metropolitan areas include Tokyo including suburbs (Saitama, Chiba, Tokyo, and Kanagawa), Nagoya including suburbs (Gifu, Aichi, and Mie), and Osaka including suburbs (Kyoto, Osaka, and Hyogo).
Commercial property refers to commercial land with buildings categorized as retail, office, warehouse, factory, apartments (entire buildings), commercial land, and industrial land.
The index is calculated on the basis of data collected through the System to Provide Real Estate Transaction Price Data (Land General Information System) operated by the Ministry of Land, Infrastructure, Transport and Tourism. It is based on transactions between private entities.
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MLIT (Japan). (September 30, 2024). Quarterly commercial property price index for office properties in the metropolitan areas of Tokyo, Osaka, and Nagoya in Japan from 1st quarter 2019 to 2nd quarter 2024 [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1286754/japan-quarterly-commercial-property-price-index-offices-three-metropolitan-areas/
MLIT (Japan). "Quarterly commercial property price index for office properties in the metropolitan areas of Tokyo, Osaka, and Nagoya in Japan from 1st quarter 2019 to 2nd quarter 2024." Chart. September 30, 2024. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1286754/japan-quarterly-commercial-property-price-index-offices-three-metropolitan-areas/
MLIT (Japan). (2024). Quarterly commercial property price index for office properties in the metropolitan areas of Tokyo, Osaka, and Nagoya in Japan from 1st quarter 2019 to 2nd quarter 2024. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1286754/japan-quarterly-commercial-property-price-index-offices-three-metropolitan-areas/
MLIT (Japan). "Quarterly Commercial Property Price Index for Office Properties in The Metropolitan Areas of Tokyo, Osaka, and Nagoya in Japan from 1st Quarter 2019 to 2nd Quarter 2024." Statista, Statista Inc., 30 Sep 2024, https://www.statista.com/statistics/1286754/japan-quarterly-commercial-property-price-index-offices-three-metropolitan-areas/
MLIT (Japan), Quarterly commercial property price index for office properties in the metropolitan areas of Tokyo, Osaka, and Nagoya in Japan from 1st quarter 2019 to 2nd quarter 2024 Statista, https://www.statista.com/statistics/1286754/japan-quarterly-commercial-property-price-index-offices-three-metropolitan-areas/ (last visited November 03, 2024)
Quarterly commercial property price index for office properties in the metropolitan areas of Tokyo, Osaka, and Nagoya in Japan from 1st quarter 2019 to 2nd quarter 2024 [Graph], MLIT (Japan), September 30, 2024. [Online]. Available: https://www.statista.com/statistics/1286754/japan-quarterly-commercial-property-price-index-offices-three-metropolitan-areas/
