東京23区
Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)
Tap anywhere on the map to get an estimate for that spot. Map: GSI Tiles.
| Avg. residential land price | Now | 1 year | 3 years | 5 years | 10 years |
|---|---|---|---|---|---|
| Forecast Forecast +5.9% a year | ¥852K/m² | ¥903K/m² | ¥1.01M/m² | ¥1.14M/m² | ¥1.52M/m² |
Forecasts are projections, not guarantees. 10-year range: ¥1.24M/m²–¥1.79M/m²
| Item | Assessed value | Market estimate | Area | Per m² (market estimate) |
|---|---|---|---|---|
| Residential land | ¥162.2 trillion | ¥231.7 trillion | 316.8 km² | ¥731K/m² |
| Other land farmland, forest, other | ¥4.6 trillion | ¥4.6 trillion | 15.2 km² | — |
| Buildings wooden ¥3.9 trillion · non-wooden ¥34.0 trillion | ¥37.9 trillion | ¥37.9 trillion | 534.7 km² floor | — |
| Total | ¥204.7 trillion | ¥274.2 trillion |
Market estimate: residential land is assessed at about 70% of official land prices, so its assessed value is divided by 0.7; other land and buildings are shown at assessed value. Tax-exempt land and buildings (roads, parks, etc.) are not included. Ward-level assessed values are not published, so Tokyo's 23 wards are shown as one. Source: Ministry of Internal Affairs and Communications, survey of fixed-asset values (FY2025, by municipality), compiled by Fudosan Zukan.
| Area | Avg. residential | Avg. commercial | 1 year | 5 years | Condos per m² | Sales |
|---|---|---|---|---|---|---|
| Chiyoda Ward 千代田区 |
¥3.88M/m² | ¥7.22M/m² | +12.2% | +42.3% | ¥1.83M/m² | 400 |
| Chuo Ward 中央区 |
¥1.91M/m² | ¥10.3M/m² | +13.0% | +42.0% | ¥1.83M/m² | 1,273 |
| Minato Ward 港区 |
¥3.03M/m² | ¥7.30M/m² | +14.6% | +44.7% | ¥2.00M/m² | 1,481 |
| Shinjuku Ward 新宿区 |
¥1.13M/m² | ¥6.35M/m² | +13.2% | +45.9% | ¥1.36M/m² | 1,656 |
| Bunkyo Ward 文京区 |
¥1.44M/m² | ¥2.38M/m² | +15.7% | +52.5% | ¥1.41M/m² | 972 |
| Taito Ward 台東区 |
¥1.20M/m² | ¥2.59M/m² | +18.5% | +60.5% | ¥1.20M/m² | 952 |
| Sumida Ward 墨田区 |
¥621K/m² | ¥1.12M/m² | +13.9% | +45.5% | ¥1.08M/m² | 1,087 |
| Koto Ward 江東区 |
¥694K/m² | ¥1.32M/m² | +13.2% | +43.7% | ¥1.18M/m² | 2,110 |
| Shinagawa Ward 品川区 |
¥1.24M/m² | ¥2.26M/m² | +13.8% | +46.5% | ¥1.35M/m² | 1,522 |
| Meguro Ward 目黒区 |
¥1.37M/m² | ¥2.63M/m² | +13.5% | +46.1% | ¥1.40M/m² | 914 |
| Ota Ward 大田区 |
¥635K/m² | ¥1.17M/m² | +8.5% | +31.1% | ¥933K/m² | 2,359 |
| Setagaya Ward 世田谷区 |
¥777K/m² | ¥1.37M/m² | +7.2% | +24.6% | ¥1.10M/m² | 2,563 |
| Shibuya Ward 渋谷区 |
¥1.84M/m² | ¥8.88M/m² | +12.3% | +44.4% | ¥1.65M/m² | 1,073 |
| Nakano Ward 中野区 |
¥785K/m² | ¥2.17M/m² | +12.7% | +46.5% | ¥1.13M/m² | 1,084 |
| Suginami Ward 杉並区 |
¥726K/m² | ¥1.57M/m² | +10.8% | +39.3% | ¥1.00M/m² | 1,726 |
| Toshima Ward 豊島区 |
¥935K/m² | ¥3.38M/m² | +13.9% | +48.3% | ¥1.23M/m² | 984 |
| Kita Ward 北区 |
¥736K/m² | ¥1.56M/m² | +13.0% | +45.4% | ¥1.00M/m² | 1,043 |
| Arakawa Ward 荒川区 |
¥745K/m² | ¥1.33M/m² | +13.9% | +47.4% | ¥933K/m² | 746 |
| Itabashi Ward 板橋区 |
¥560K/m² | ¥1.03M/m² | +9.9% | +33.1% | ¥829K/m² | 1,802 |
| Nerima Ward 練馬区 |
¥476K/m² | ¥987K/m² | +6.6% | +23.1% | ¥800K/m² | 2,191 |
| Adachi Ward 足立区 |
¥413K/m² | ¥815K/m² | +6.6% | +26.2% | ¥613K/m² | 2,038 |
| Katsushika Ward 葛飾区 |
¥387K/m² | ¥769K/m² | +7.2% | +25.9% | ¥667K/m² | 1,252 |
| Edogawa Ward 江戸川区 |
¥439K/m² | ¥880K/m² | +6.4% | +24.6% | ¥700K/m² | 1,338 |
| 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 |
| 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 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 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 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 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 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 東京都 港区新橋１丁目１０３番４ Land Price Publication 2026 |
Commercial | ¥15.1M/m² | $8,921/sq ft | +3.4% | 内幸町 |
| 東京都 千代田区大手町１丁目１１番外 Land Price Publication 2026 |
Commercial | ¥14.9M/m² | $8,803/sq ft | +2.1% | 竹橋 |
| 東京都 港区南青山２丁目７７番１外 Land Price Publication 2026 |
Commercial | ¥14.9M/m² | $8,803/sq ft | +3.5% | 青山一丁目 |
| 東京都 新宿区西新宿二丁目６番 Prefectural Survey 2026 |
Commercial | ¥14.4M/m² | $8,508/sq ft | +4.3% | 高層店舗兼事務所ビルが建ち並ぶ中心的商業地域 |
| 東京都 中央区八重洲２丁目１０番１外 Land Price Publication 2026 |
Commercial | ¥14.3M/m² | $8,448/sq ft | +2.9% | 有楽町 320 m |
| 東京都 豊島区東池袋一丁目２２番１１ Prefectural Survey 2026 |
Commercial | ¥14.3M/m² | $8,448/sq ft | +13.5% | 中高層の店舗ビル等が建ち並ぶ繁華な商業地域 |
| 東京都 新宿区西新宿２丁目６番 Land Price Publication 2026 |
Commercial | ¥14.2M/m² | $8,389/sq ft | +5.2% | 新宿 640 m |
| 東京都 渋谷区神宮前１丁目６番１５ Land Price Publication 2026 |
Commercial | ¥14.0M/m² | $8,271/sq ft | +19.7% | 原宿 240 m |
| 東京都 台東区上野六丁目１０９番１ Prefectural Survey 2026 |
Commercial | ¥13.8M/m² | $8,153/sq ft | +12.2% | 中高層の店舗ビル等が建ち並ぶ駅前の商業地域 |
| 東京都 台東区上野４丁目３８番５外 Land Price Publication 2026 |
Commercial | ¥13.6M/m² | $8,035/sq ft | +10.6% | 上野広小路 60 m |
| 東京都 渋谷区宇田川町８３番４外 Prefectural Survey 2026 |
Commercial | ¥13.1M/m² | $7,739/sq ft | +9.2% | 中高層の店舗、事務所ビル等が建ち並ぶ商業地域 |
| 東京都 中央区日本橋二丁目３番８外 Prefectural Survey 2026 |
Commercial | ¥12.9M/m² | $7,621/sq ft | +14.2% | 中高層の店舗、事務所ビルが建ち並ぶ商業地域 |
Sales in the loaded period: Pre-owned condo 89,020 · Land & building 28,819 · Land 7,859
The average price of residential land in Tokyo 23 wards is ¥852,469 per m² (about ¥2,818,079 per tsubo), based on 1225 sites in the official land price surveys (2026).
Land prices in Tokyo 23 wards have risen by +10.9% on average over the past year. Over five years the change is +37.2%.
The median price of pre-owned condo transactions in the last two years is ¥1,111,111 per m², with a median price of ¥52.0 million (23348 transactions, MLIT Real Estate Information Library).
The Fudosan Zukan model projects residential land prices to change by +5.9% a year, reaching about ¥1,516,800 per m² in 10 years (range ¥1,243,776–¥1,789,824). Forecasts are projections, not guarantees.
About ¥274.2 trillion: land ¥236.3 trillion and buildings ¥37.9 trillion (estimated from assessed values for fixed-asset tax, FY2025; assessed total ¥204.7 trillion).
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.