In 2024, the highest increase in official commercial land prices in the Tokyo Metropolitan Area was recorded in the Central Area, where land prices rose at a rate of 7.3 percent compared to the previous year. Commercial land growth became negative in 2021 due to the COVID-19 pandemic, but has recovered in recent years.
Annual growth rate of the official commercial land price in Tokyo Prefecture in Japan from 2015 to 2024, by area
Tokyo Central Area consists of Chiyoda, Chuo, Minato, Shinjuku, Bunkyo, Taito, Shibuya, and Toshima. Tokyo Southwest Area consists of Shinagawa, Meguro, Ota, Setagaya, Nakano, Suginami, and Nerima. Tokyo Northeast Area consists of Sumida, Koto, Kita, Arakawa, Itabashi, Adachi, Katsushika, and Edogawa.
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MLIT (Japan). (March 26, 2024). Annual growth rate of the official commercial land price in Tokyo Prefecture in Japan from 2015 to 2024, by area [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/666415/japan-commercial-land-price-change-tokyo-by-area/
MLIT (Japan). "Annual growth rate of the official commercial land price in Tokyo Prefecture in Japan from 2015 to 2024, by area." Chart. March 26, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/666415/japan-commercial-land-price-change-tokyo-by-area/
MLIT (Japan). (2024). Annual growth rate of the official commercial land price in Tokyo Prefecture in Japan from 2015 to 2024, by area. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/666415/japan-commercial-land-price-change-tokyo-by-area/
MLIT (Japan). "Annual Growth Rate of The Official Commercial Land Price in Tokyo Prefecture in Japan from 2015 to 2024, by Area." Statista, Statista Inc., 26 Mar 2024, https://www.statista.com/statistics/666415/japan-commercial-land-price-change-tokyo-by-area/
MLIT (Japan), Annual growth rate of the official commercial land price in Tokyo Prefecture in Japan from 2015 to 2024, by area Statista, https://www.statista.com/statistics/666415/japan-commercial-land-price-change-tokyo-by-area/ (last visited December 21, 2024)
Annual growth rate of the official commercial land price in Tokyo Prefecture in Japan from 2015 to 2024, by area [Graph], MLIT (Japan), March 26, 2024. [Online]. Available: https://www.statista.com/statistics/666415/japan-commercial-land-price-change-tokyo-by-area/
