Reasonable Land Prices and Office Rents

Comparison of Land Prices of Industrial Parks in Chiba and Neighbor Prefectures

Reasonable Land Prices and Office Rents Chiba's firm ground enables companies to diversify risk

Average Land Prices

    JPY/m² USD/m²
Tokyo
Commercial 1,824,500 16,586
Industrial 259,500 2,359
Kanagawa
Commercial 522,100 4,746
Industrial 102,400 931
Saitama
Commercial 279,700 2,543
Industrial 59,700 543
Chiba
Commercial 220,200 2,002
Industrial 44,100 401
Osaka
Commercial 764,400 6,949
Industrial 107,200 975
Hyogo
Commercial 255,800 2,325
Industrial 48,800 444
Kyoto
Commercial 429,400 3,904
Industrial 66,900 608

(source: Ministry of Land, Infrastructure, Transport and Tourism)

Average Office Rents

  JPY/m² USD/m²
Tokyo 8,548 77.71
Yokohama 4,543 41.30
Saitama 4,913 44.66
Chiba 3,328 30.25
FASuC* 2,207 20.06
Osaka 4,607 41.88
Kobe 4,018 36.53
Kyoto 4,924 44.76

* Free after subsidised by Chiba Prefecture Rent for large size building
(Source: Sanko Estate Co.,Ltd. 1 USD=110JPY)