Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)
| Avg. residential land price | Now | 1 year | 3 years | 5 years | 10 years |
|---|---|---|---|---|---|
| Forecast Forecast +1.3% a year | ¥120K/m² | ¥121K/m² | ¥124K/m² | ¥128K/m² | ¥136K/m² |
Forecasts are projections, not guarantees. 10-year range: ¥112K/m²–¥161K/m²
| Area | Avg. residential | Avg. commercial | 1 year | 5 years | Condos per m² | Sales | Total value |
|---|---|---|---|---|---|---|---|
| Hokkaido | ¥41K/m² | ¥189K/m² | +0.6% | +12.7% | — | — | ¥38.1 trillion |
| Aomori | ¥20K/m² | ¥42K/m² | −0.2% | −1.8% | — | — | ¥6.5 trillion |
| Iwate | ¥30K/m² | ¥56K/m² | −0.4% | −1.3% | — | — | ¥7.6 trillion |
| Miyagi | ¥77K/m² | ¥445K/m² | +2.2% | +15.4% | — | — | ¥22.3 trillion |
| Akita | ¥17K/m² | ¥31K/m² | +0.1% | −1.5% | — | — | ¥4.8 trillion |
| Yamagata | ¥23K/m² | ¥45K/m² | −0.2% | −0.3% | — | — | ¥6.7 trillion |
| Fukushima | ¥31K/m² | ¥59K/m² | +0.1% | +0.5% | — | — | ¥13.5 trillion |
| Ibaraki | ¥36K/m² | ¥70K/m² | +1.2% | +2.7% | — | — | ¥21.2 trillion |
| Tochigi | ¥35K/m² | ¥73K/m² | ±0.0% | −1.6% | — | — | ¥15.6 trillion |
| Gunma | ¥35K/m² | ¥71K/m² | +0.1% | −2.0% | ¥235K/m² | 3,241 | ¥15.5 trillion |
| Saitama | ¥142K/m² | ¥392K/m² | +2.1% | +8.7% | ¥333K/m² | 25,241 | ¥77.5 trillion |
| Chiba | ¥118K/m² | ¥375K/m² | +4.2% | +18.1% | ¥324K/m² | 21,764 | ¥61.2 trillion |
| Tokyo | ¥547K/m² | ¥3.22M/m² | +8.1% | +27.3% | ¥1.00M/m² | 44,237 | ¥333.3 trillion |
| Kanagawa | ¥218K/m² | ¥764K/m² | +4.2% | +15.8% | ¥527K/m² | 29,624 | ¥121.1 trillion |
| Niigata | ¥31K/m² | ¥75K/m² | −0.6% | −3.7% | ¥240K/m² | 4,607 | ¥15.5 trillion |
| Toyama | ¥34K/m² | ¥86K/m² | +0.1% | −0.3% | ¥273K/m² | 2,304 | ¥7.7 trillion |
| Ishikawa | ¥55K/m² | ¥149K/m² | +0.9% | +4.3% | ¥238K/m² | 2,636 | ¥9.4 trillion |
| Fukui | ¥34K/m² | ¥72K/m² | −0.1% | −2.5% | ¥238K/m² | 1,273 | ¥5.7 trillion |
| Yamanashi | ¥27K/m² | ¥53K/m² | −0.3% | −2.8% | ¥188K/m² | 1,311 | ¥6.2 trillion |
| Nagano | ¥31K/m² | ¥61K/m² | +0.9% | +0.4% | ¥387K/m² | 3,413 | ¥15.0 trillion |
| Gifu | ¥40K/m² | ¥90K/m² | −0.1% | −2.0% | ¥212K/m² | 3,564 | ¥15.6 trillion |
| Shizuoka | ¥69K/m² | ¥151K/m² | +0.2% | −0.9% | ¥218K/m² | 8,519 | ¥35.7 trillion |
| Aichi | ¥129K/m² | ¥583K/m² | +2.0% | +12.1% | ¥286K/m² | 16,957 | ¥99.2 trillion |
| Mie | ¥35K/m² | ¥68K/m² | +0.2% | −0.3% | ¥241K/m² | 3,694 | ¥13.0 trillion |
| Shiga | ¥53K/m² | ¥112K/m² | +1.2% | +2.1% | ¥333K/m² | 3,424 | ¥11.9 trillion |
| Kyoto | ¥148K/m² | ¥1.03M/m² | +3.1% | +10.9% | ¥440K/m² | 7,563 | ¥32.1 trillion |
| Osaka | ¥168K/m² | ¥1.36M/m² | +4.1% | +13.4% | ¥467K/m² | 26,423 | ¥105.1 trillion |
| Hyogo | ¥138K/m² | ¥392K/m² | +2.2% | +7.9% | ¥341K/m² | 15,987 | ¥54.8 trillion |
| Nara | ¥63K/m² | ¥174K/m² | −0.1% | −1.4% | ¥200K/m² | 2,984 | ¥10.5 trillion |
| Wakayama | ¥38K/m² | ¥85K/m² | −0.4% | −3.4% | ¥115K/m² | 1,537 | ¥6.3 trillion |
| Tottori | ¥23K/m² | ¥46K/m² | −0.4% | −3.3% | ¥240K/m² | 910 | ¥3.3 trillion |
| Shimane | ¥25K/m² | ¥44K/m² | −0.8% | −3.9% | ¥260K/m² | 2,628 | ¥4.0 trillion |
| Okayama | ¥40K/m² | ¥128K/m² | +0.7% | +2.1% | ¥300K/m² | 3,569 | ¥15.1 trillion |
| Hiroshima | ¥84K/m² | ¥358K/m² | +1.5% | +4.9% | ¥333K/m² | 4,608 | ¥26.1 trillion |
| Yamaguchi | ¥30K/m² | ¥55K/m² | +0.3% | +0.3% | ¥219K/m² | 2,124 | ¥8.9 trillion |
| Tokushima | ¥37K/m² | ¥76K/m² | −0.9% | −4.3% | ¥236K/m² | 1,185 | ¥5.2 trillion |
| Kagawa | ¥39K/m² | ¥86K/m² | −0.1% | −1.9% | ¥200K/m² | 1,398 | ¥6.8 trillion |
| Ehime | ¥41K/m² | ¥105K/m² | −0.7% | −4.7% | ¥214K/m² | 1,958 | ¥10.7 trillion |
| Kochi | ¥39K/m² | ¥78K/m² | −0.4% | −2.6% | ¥240K/m² | 1,297 | ¥4.6 trillion |
| Fukuoka | ¥100K/m² | ¥581K/m² | +3.3% | +22.4% | ¥369K/m² | 11,118 | ¥52.5 trillion |
| Saga | ¥29K/m² | ¥61K/m² | +2.3% | +8.2% | ¥314K/m² | 4,542 | ¥5.4 trillion |
| Nagasaki | ¥33K/m² | ¥130K/m² | +0.6% | +1.2% | ¥300K/m² | 3,042 | ¥7.6 trillion |
| Kumamoto | ¥43K/m² | ¥192K/m² | +1.7% | +8.4% | ¥252K/m² | 3,372 | ¥12.4 trillion |
| Oita | ¥38K/m² | ¥83K/m² | +1.9% | +5.3% | ¥212K/m² | 2,284 | ¥7.5 trillion |
| Miyazaki | ¥29K/m² | ¥52K/m² | +0.4% | −0.5% | ¥277K/m² | 2,433 | ¥6.6 trillion |
| Kagoshima | ¥35K/m² | ¥106K/m² | −0.7% | −4.6% | ¥322K/m² | 3,291 | ¥10.3 trillion |
| Okinawa | ¥99K/m² | ¥245K/m² | +6.1% | +27.2% | ¥512K/m² | 1,353 | ¥15.4 trillion |
| Location | Use | Price per m² | ≈ USD/sq ft | 1 year | Station |
|---|---|---|---|---|---|
| 東京都 中央区銀座４丁目２番４ Land Price Publication 2026 |
Commercial | ¥67.1M/m² | $39,643/sq ft | +10.9% | 銀座 |
| 東京都 中央区銀座５丁目１０３番１６ Land Price Publication 2026 |
Commercial | ¥57.0M/m² | $33,676/sq ft | +10.3% | 銀座 |
| 東京都 中央区銀座二丁目２番１９外 Prefectural Survey 2026 |
Commercial | ¥52.5M/m² | $31,017/sq ft | +11.9% | 中高層の店舗、店舗兼事務所が建ち並ぶ商業地域 |
| 東京都 中央区銀座２丁目２番１９外 Land Price Publication 2026 |
Commercial | ¥49.6M/m² | $29,304/sq ft | +11.7% | 銀座一丁目 |
| 東京都 中央区銀座７丁目１番２外 Land Price Publication 2026 |
Commercial | ¥47.6M/m² | $28,122/sq ft | +10.4% | 銀座 260 m |
| 東京都 新宿区新宿３丁目８０７番１外 Land Price Publication 2026 |
Commercial | ¥42.0M/m² | $24,814/sq ft | +5.0% | 新宿 |
| 東京都 新宿区新宿３丁目３０番１３外 Land Price Publication 2026 |
Commercial | ¥41.5M/m² | $24,518/sq ft | +7.5% | 新宿三丁目 |
| 東京都 千代田区丸の内２丁目２番１外 Land Price Publication 2026 |
Commercial | ¥37.6M/m² | $22,214/sq ft | +1.3% | 東京 |
| 東京都 中央区銀座六丁目４番１３外 Prefectural Survey 2026 |
Commercial | ¥37.0M/m² | $21,860/sq ft | +12.1% | 高層の店舗、店舗兼事務所等が建ち並ぶ商業地域 |
| 東京都 中央区銀座４丁目１０３番１外 Land Price Publication 2026 |
Commercial | ¥35.6M/m² | $21,032/sq ft | +10.9% | 銀座 |
| 東京都 渋谷区宇田川町７７番１４外 Land Price Publication 2026 |
Commercial | ¥35.3M/m² | $20,855/sq ft | +5.4% | 渋谷 150 m |
| 東京都 中央区銀座６丁目４番１３外 Land Price Publication 2026 |
Commercial | ¥35.0M/m² | $20,678/sq ft | +13.6% | 銀座 150 m |
| 東京都 港区北青山三丁目３３番２ Prefectural Survey 2026 |
Commercial | ¥32.6M/m² | $19,260/sq ft | +6.5% | 高層店舗ビル等が建ち並ぶ繁華な商業地域 |
| 東京都 渋谷区神宮前４丁目２６番４３外 Land Price Publication 2026 |
Commercial | ¥29.9M/m² | $17,665/sq ft | +4.9% | 明治神宮前 150 m |
| 東京都 千代田区大手町２丁目４番２外 Land Price Publication 2026 |
Commercial | ¥29.8M/m² | $17,606/sq ft | +1.4% | 大手町 |
| 東京都 千代田区丸の内三丁目２番外 Prefectural Survey 2026 |
Commercial | ¥28.2M/m² | $16,661/sq ft | +3.3% | 大規模な高層事務所ビルが建ち並ぶ商業地域 |
| 東京都 千代田区大手町１丁目３番３外 Land Price Publication 2026 |
Commercial | ¥27.8M/m² | $16,424/sq ft | ±0.0% | 大手町 |
| 東京都 千代田区丸の内３丁目２番外 Land Price Publication 2026 |
Commercial | ¥27.5M/m² | $16,247/sq ft | +1.5% | 東京 480 m |
| 東京都 渋谷区道玄坂２丁目３６番１０ Land Price Publication 2026 |
Commercial | ¥27.0M/m² | $15,952/sq ft | +5.5% | 渋谷 200 m |
| 東京都 千代田区大手町一丁目５番３９外 Prefectural Survey 2026 |
Commercial | ¥26.9M/m² | $15,892/sq ft | +3.5% | 高層の本社ビル等の建ち並ぶ業務商業地域 |
| 大阪府 大阪市中央区宗右衛門町４６番１外 Prefectural Survey 2026 |
Commercial | ¥25.8M/m² | $15,243/sq ft | +7.1% | 小売店舗、飲食店舗等が高度に集積する商業地域 |
| 大阪府 大阪市中央区宗右衛門町４６番１外 Land Price Publication 2026 |
Commercial | ¥25.0M/m² | $14,770/sq ft | +6.4% | なんば 230 m |
| 大阪府 大阪市北区大深町２０７番外 Prefectural Survey 2026 |
Commercial | ¥24.9M/m² | $14,711/sq ft | +1.6% | 都市機能の集積が進む超高層ビル中心の商業地域 |
| 大阪府 大阪市北区大深町２０７番外 Land Price Publication 2026 |
Commercial | ¥24.7M/m² | $14,593/sq ft | +1.6% | 大阪 |
| 東京都 中央区京橋１丁目１番１外 Land Price Publication 2026 |
Commercial | ¥24.5M/m² | $14,475/sq ft | +3.4% | 東京 300 m |
| 東京都 中央区八重洲１丁目１０５番５３ Land Price Publication 2026 |
Commercial | ¥24.3M/m² | $14,356/sq ft | +3.0% | 東京 280 m |
| 東京都 新宿区西新宿一丁目１８番２ Prefectural Survey 2026 |
Commercial | ¥23.7M/m² | $14,002/sq ft | +6.3% | 高層の店舗兼事務所ビルが建ち並ぶ高度商業地域 |
| 東京都 渋谷区神宮前１丁目１３番５ Land Price Publication 2026 |
Commercial | ¥23.3M/m² | $13,766/sq ft | +6.9% | 原宿 190 m |
| 東京都 新宿区西新宿１丁目７番３ Land Price Publication 2026 |
Commercial | ¥23.3M/m² | $13,766/sq ft | +5.0% | 新宿 |
| 東京都 新宿区新宿三丁目５番２外 Prefectural Survey 2026 |
Commercial | ¥23.2M/m² | $13,707/sq ft | +7.9% | 中高層店舗ビル等が建ち並ぶ繁華な商業地域 |
| 東京都 中央区日本橋２丁目１番１外 Land Price Publication 2026 |
Commercial | ¥22.7M/m² | $13,411/sq ft | +3.2% | 日本橋 |
| 東京都 千代田区有楽町１丁目１２番２ Land Price Publication 2026 |
Commercial | ¥22.0M/m² | $12,998/sq ft | +1.4% | 日比谷 100 m |
| 東京都 新宿区新宿３丁目５番２外 Land Price Publication 2026 |
Commercial | ¥22.0M/m² | $12,998/sq ft | +10.0% | 新宿三丁目 |
| 東京都 渋谷区道玄坂二丁目２１３番 Prefectural Survey 2026 |
Commercial | ¥21.0M/m² | $12,407/sq ft | +8.2% | 中高層の店舗、事務所ビルが建ち並ぶ商業地域 |
| 東京都 渋谷区道玄坂２丁目２１３番 Land Price Publication 2026 |
Commercial | ¥20.3M/m² | $11,993/sq ft | +8.0% | 渋谷 300 m |
| 東京都 新宿区新宿３丁目１０７番１４ Land Price Publication 2026 |
Commercial | ¥20.2M/m² | $11,934/sq ft | +9.2% | 新宿 150 m |
| 東京都 渋谷区神南一丁目１０番２外 Prefectural Survey 2026 |
Commercial | ¥20.2M/m² | $11,934/sq ft | +9.2% | 中高層の店舗、事務所ビルが建ち並ぶ商業地域 |
| 東京都 新宿区新宿三丁目８０２番６外 Prefectural Survey 2026 |
Commercial | ¥20.1M/m² | $11,875/sq ft | +8.1% | 中高層の店舗ビルが建ち並ぶ繁華な商業地域 |
| 大阪府 大阪市中央区心斎橋筋２丁目３９番１ Land Price Publication 2026 |
Commercial | ¥19.9M/m² | $11,757/sq ft | +13.1% | 心斎橋 220 m |
| 愛知県 名古屋市中村区名駅３丁目２７０１番外 Prefectural Survey 2026 |
Commercial | ¥19.9M/m² | $11,757/sq ft | +1.0% | 高層の店舗兼事務所ビル等が建ち並ぶ駅前の高度商業地域 |
| 大阪府 大阪市北区梅田１丁目２番 Prefectural Survey 2026 |
Commercial | ¥19.9M/m² | $11,757/sq ft | +3.1% | 高層の店舗、事務所ビルが集まる中心的商業地域 |
| 東京都 渋谷区宇田川町８６番７ Land Price Publication 2026 |
Commercial | ¥19.8M/m² | $11,698/sq ft | +7.6% | 渋谷 240 m |
| 愛知県 名古屋市中村区名駅４丁目７０１番１外 Land Price Publication 2026 |
Commercial | ¥19.8M/m² | $11,698/sq ft | +1.5% | 地下鉄名古屋 |
| 東京都 中央区銀座３丁目３番１ Land Price Publication 2026 |
Commercial | ¥19.7M/m² | $11,639/sq ft | +11.3% | 銀座 160 m |
| 大阪府 大阪市北区梅田１丁目２番 Land Price Publication 2026 |
Commercial | ¥19.6M/m² | $11,580/sq ft | +3.2% | 大阪 |
| 東京都 豊島区東池袋１丁目１番１５外 Land Price Publication 2026 |
Commercial | ¥18.8M/m² | $11,107/sq ft | +10.6% | 池袋 130 m |
| 東京都 中央区京橋１丁目６番１外 Land Price Publication 2026 |
Commercial | ¥18.4M/m² | $10,871/sq ft | +2.8% | 京橋 100 m |
| 東京都 中央区京橋二丁目４番５外 Prefectural Survey 2026 |
Commercial | ¥17.2M/m² | $10,162/sq ft | +5.5% | 高層の店舗、事務所ビルが建ち並ぶ商業地域 |
| 神奈川県 横浜市西区南幸１丁目３番１ Prefectural Survey 2026 |
Commercial | ¥17.2M/m² | $10,162/sq ft | +1.2% | 高層店舗ビルが建ち並ぶ駅前の商業地域 |
| 神奈川県 横浜市西区南幸１丁目３番１ Land Price Publication 2026 |
Commercial | ¥17.1M/m² | $10,103/sq ft | +1.2% | 横浜 |
| 東京都 千代田区霞が関１丁目１１番外 Land Price Publication 2026 |
Commercial | ¥16.1M/m² | $9,512/sq ft | +3.2% | 虎ノ門 |
| 東京都 港区虎ノ門一丁目１０５番外 Prefectural Survey 2026 |
Commercial | ¥16.1M/m² | $9,512/sq ft | +5.2% | 高層の店舗、事務所が多い商業地域 |
| 東京都 千代田区外神田四丁目１００番外 Prefectural Survey 2026 |
Commercial | ¥16.0M/m² | $9,453/sq ft | +11.1% | 中高層店舗ビルを中心とする繁華な商業地域 |
| 東京都 渋谷区渋谷１丁目１６番１外 Land Price Publication 2026 |
Commercial | ¥15.6M/m² | $9,216/sq ft | +5.4% | 渋谷 270 m |
| 東京都 千代田区内幸町１丁目４番外 Land Price Publication 2026 |
Commercial | ¥15.4M/m² | $9,098/sq ft | +2.7% | 内幸町 |
| 東京都 港区新橋一丁目１０３番４ Prefectural Survey 2026 |
Commercial | ¥15.4M/m² | $9,098/sq ft | +5.5% | 高層の店舗兼事務所が建ち並ぶ商業地域 |
| 大阪府 大阪市中央区西心斎橋１丁目８番 Land Price Publication 2026 |
Commercial | ¥15.3M/m² | $9,039/sq ft | +13.3% | 心斎橋 |
| 東京都 新宿区新宿三丁目１０２番１０外 Prefectural Survey 2026 |
Commercial | ¥15.2M/m² | $8,980/sq ft | +14.3% | 中高層の店舗ビル等が多い繁華な商業地域 |
| 東京都 中央区銀座８丁目１０９番７ Land Price Publication 2026 |
Commercial | ¥15.2M/m² | $8,980/sq ft | +6.3% | 新橋 200 m |
| 東京都 港区南青山３丁目３８５番外 Land Price Publication 2026 |
Commercial | ¥15.2M/m² | $8,980/sq ft | +6.3% | 表参道 100 m |
The average price of residential land in Japan is ¥119,507 per m² (about ¥395,064 per tsubo), based on 32597 sites in the official land price surveys (2026).
Land prices in Japan have risen by +2.1% on average over the past year. Over five years the change is +8.0%.
The median price of pre-owned condo transactions in the last two years is ¥494,117 per m², with a median price of ¥29.0 million (99768 transactions, MLIT Real Estate Information Library).
The Fudosan Zukan model projects residential land prices to change by +1.3% a year, reaching about ¥136,262 per m² in 10 years (range ¥111,735–¥160,789). Forecasts are projections, not guarantees.
Land prices are official survey prices (Land Price Publication as of January 1, Prefectural Land Price Survey as of July 1); transactions are MLIT transaction and contract prices. Averages, changes, forecasts and the index are calculated by Fudosan Zukan. All prices in Japanese yen; dollar figures (≈) at ¥157.25 = $1 are for reference. Estimated prices and forecasts on this site are for reference only and do not guarantee actual sale prices or appraisal values. The estimate is not a licensed real estate appraisal; it is an "AI-estimated price" calculated from public land price and transaction statistics. Forecasts are projections, not guarantees.