Cities with the highest commercial land prices

Municipalities ranked by the average price of commercial survey sites (yen per m²).

Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)

RankAreaCities: commercialAvg. residential1 year5 yearsIndex
1Chuo Ward
Tokyo
¥10.3M/m² ¥1.91M/m² +13.0%+42.0% 99
2Shibuya Ward
Tokyo
¥8.88M/m² ¥1.84M/m² +12.3%+44.4% 99
3Minato Ward
Tokyo
¥7.30M/m² ¥3.03M/m² +14.6%+44.7% 99
4Chiyoda Ward
Tokyo
¥7.22M/m² ¥3.88M/m² +12.2%+42.3% 97
5Shinjuku Ward
Tokyo
¥6.35M/m² ¥1.13M/m² +13.2%+45.9% 99
6Chuo Ward
Osaka City, Osaka
¥4.82M/m² ¥711K/m² +14.1%+48.1% 99
7Kita Ward
Osaka City, Osaka
¥4.79M/m² ¥558K/m² +13.5%+48.0% 98
8Nakamura Ward
Nagoya City, Aichi
¥3.55M/m² ¥254K/m² +4.5%+27.6% 91
9Toshima Ward
Tokyo
¥3.38M/m² ¥935K/m² +13.9%+48.3% 99
10Nishi Ward
Yokohama City, Kanagawa
¥3.32M/m² ¥382K/m² +9.1%+36.3% 96
11Chuo Ward
Fukuoka City, Fukuoka
¥2.79M/m² ¥567K/m² +7.2%+57.9% 97
12Musashino City
Tokyo
¥2.67M/m² ¥673K/m² +6.3%+25.0% 94
13Shimogyo Ward
Kyoto City, Kyoto
¥2.66M/m² ¥320K/m² +9.2%+37.4% 95
14Meguro Ward
Tokyo
¥2.63M/m² ¥1.37M/m² +13.5%+46.1% 98
15Taito Ward
Tokyo
¥2.59M/m² ¥1.20M/m² +18.5%+60.5% 99
16Bunkyo Ward
Tokyo
¥2.38M/m² ¥1.44M/m² +15.7%+52.5% 99
17Shinagawa Ward
Tokyo
¥2.26M/m² ¥1.24M/m² +13.8%+46.5% 99
18Nakagyo Ward
Kyoto City, Kyoto
¥2.25M/m² ¥388K/m² +8.9%+33.8% 96
19Naka Ward
Nagoya City, Aichi
¥2.20M/m² ¥1.20M/m² +4.7%+30.4% 94
20Hakata Ward
Fukuoka City, Fukuoka
¥2.18M/m² ¥267K/m² +8.0%+71.3% 96
21Nakano Ward
Tokyo
¥2.17M/m² ¥785K/m² +12.7%+46.5% 98
22Nishi Ward
Osaka City, Osaka
¥1.97M/m² ¥651K/m² +15.5%+62.5% 98
23Tachikawa City
Tokyo
¥1.86M/m² ¥309K/m² +7.1%+24.5% 93
24Higashiyama Ward
Kyoto City, Kyoto
¥1.75M/m² ¥351K/m² +11.3%+38.8% 92
25Minami Ward
Kyoto City, Kyoto
¥1.69M/m² ¥229K/m² +9.7%+38.8% 93
26Chuo Ward
Kobe City, Hyogo
¥1.67M/m² ¥386K/m² +6.5%+21.1% 94
27Suginami Ward
Tokyo
¥1.57M/m² ¥726K/m² +10.8%+39.3% 98
28Omiya Ward
Saitama City, Saitama
¥1.56M/m² ¥342K/m² +5.6%+23.8% 93
29Kita Ward
Tokyo
¥1.56M/m² ¥736K/m² +13.0%+45.4% 98
30Abeno Ward
Osaka City, Osaka
¥1.53M/m² ¥403K/m² +7.3%+25.1% 93
31Chuo Ward
Sapporo City, Hokkaido
¥1.44M/m² ¥241K/m² +5.5%+46.8% 96
32Ichikawa City
Chiba
¥1.40M/m² ¥319K/m² +3.5%+38.7% 93
33Fukushima Ward
Osaka City, Osaka
¥1.38M/m² ¥524K/m² +12.4%+44.8% 96
34Setagaya Ward
Tokyo
¥1.37M/m² ¥777K/m² +7.2%+24.6% 97
35Naka Ward
Hiroshima City, Hiroshima
¥1.36M/m² ¥446K/m² +5.2%+23.9% 91
36Arakawa Ward
Tokyo
¥1.33M/m² ¥745K/m² +13.9%+47.4% 98
37Saiwai Ward
Kawasaki City, Kanagawa
¥1.32M/m² ¥394K/m² +6.1%+24.0% 94
38Koto Ward
Tokyo
¥1.32M/m² ¥694K/m² +13.2%+43.7% 99
39Kawasaki Ward
Kawasaki City, Kanagawa
¥1.31M/m² ¥340K/m² +8.2%+33.3% 96
40Naka Ward
Yokohama City, Kanagawa
¥1.25M/m² ¥406K/m² +9.7%+34.8% 96
41Nakahara Ward
Kawasaki City, Kanagawa
¥1.24M/m² ¥474K/m² +6.4%+26.4% 95
42Mitaka City
Tokyo
¥1.24M/m² ¥486K/m² +5.6%+20.4% 93
43Takatsu Ward
Kawasaki City, Kanagawa
¥1.22M/m² ¥370K/m² +5.2%+21.0% 93
44Kanagawa Ward
Yokohama City, Kanagawa
¥1.19M/m² ¥335K/m² +7.0%+29.6% 95
45Ota Ward
Tokyo
¥1.17M/m² ¥635K/m² +8.5%+31.1% 97
46Aoba Ward
Sendai City, Miyagi
¥1.16M/m² ¥158K/m² +5.4%+31.9% 93
47Urayasu City
Chiba
¥1.16M/m² ¥397K/m² +2.8%+39.2% 92
48Sumida Ward
Tokyo
¥1.12M/m² ¥621K/m² +13.9%+45.5% 98
49Tennoji Ward
Osaka City, Osaka
¥1.12M/m² ¥714K/m² +8.2%+29.8% 95
50Naniwa Ward
Osaka City, Osaka
¥1.12M/m² ¥416K/m² +14.9%+50.5% 96
51Yodogawa Ward
Osaka City, Osaka
¥1.05M/m² ¥288K/m² +9.0%+30.3% 94
52Itabashi Ward
Tokyo
¥1.03M/m² ¥560K/m² +9.9%+33.1% 97
53Higashi Ward
Nagoya City, Aichi
¥1.02M/m² ¥559K/m² +4.7%+31.2% 93
54Kohoku Ward
Yokohama City, Kanagawa
¥1.00M/m² ¥378K/m² +4.8%+20.4% 93
55Koganei City
Tokyo
¥1.00M/m² ¥392K/m² +5.2%+17.1% 90
56Nerima Ward
Tokyo
¥987K/m² ¥476K/m² +6.6%+23.1% 95
57Kokubunji City
Tokyo
¥964K/m² ¥346K/m² +7.5%+24.6% 93
58Chofu City
Tokyo
¥954K/m² ¥428K/m² +5.9%+25.7% 94
59Kunitachi City
Tokyo
¥922K/m² ¥422K/m² +7.8%+25.2% 91
60Kamakura City
Kanagawa
¥913K/m² ¥246K/m² +5.5%+20.8% 91
61Urawa Ward
Saitama City, Saitama
¥900K/m² ¥420K/m² +5.4%+23.8% 94
62Edogawa Ward
Tokyo
¥880K/m² ¥439K/m² +6.4%+24.6% 95
63Kawaguchi City
Saitama
¥873K/m² ¥267K/m² +4.9%+24.0% 93
64Suita City
Osaka
¥856K/m² ¥245K/m² +5.6%+17.6% 91
65Asao Ward
Kawasaki City, Kanagawa
¥848K/m² ¥226K/m² +4.7%+15.5% 88
66Aoba Ward
Yokohama City, Kanagawa
¥840K/m² ¥337K/m² +3.0%+12.2% 89
67Adachi Ward
Tokyo
¥815K/m² ¥413K/m² +6.6%+26.2% 95
68Ashiya City
Hyogo
¥810K/m² ¥401K/m² +5.2%+21.2% 91
69Funabashi City
Chiba
¥786K/m² ¥201K/m² +5.1%+31.6% 92
70Machida City
Tokyo
¥773K/m² ¥170K/m² +3.4%+9.3% 86
71Katsushika Ward
Tokyo
¥769K/m² ¥387K/m² +7.2%+25.9% 95
72Minami Ward
Hiroshima City, Hiroshima
¥767K/m² ¥227K/m² +5.0%+20.3% 88
73Fuchu City
Tokyo
¥730K/m² ¥357K/m² +4.7%+23.0% 92
74Sawara Ward
Fukuoka City, Fukuoka
¥728K/m² ¥273K/m² +7.7%+51.4% 95
75Kamigyo Ward
Kyoto City, Kyoto
¥683K/m² ¥480K/m² +6.6%+26.6% 92
76Tama Ward
Kawasaki City, Kanagawa
¥676K/m² ¥274K/m² +4.1%+15.2% 89
77Chikusa Ward
Nagoya City, Aichi
¥670K/m² ¥327K/m² +5.2%+31.7% 93
78Konan Ward
Yokohama City, Kanagawa
¥667K/m² ¥223K/m² +3.3%+11.8% 85
79Miyagino Ward
Sendai City, Miyagi
¥645K/m² ¥132K/m² +6.2%+46.2% 93
80Minami Ward
Saitama City, Saitama
¥642K/m² ¥299K/m² +3.5%+16.2% 90
81Tsuzuki Ward
Yokohama City, Kanagawa
¥642K/m² ¥304K/m² +3.9%+15.4% 90
82Miyakojima Ward
Osaka City, Osaka
¥638K/m² ¥370K/m² +9.3%+31.1% 93
83Warabi City
Saitama
¥637K/m² ¥324K/m² +6.4%+27.8% 91
84Kita Ward
Sapporo City, Hokkaido
¥617K/m² ¥93K/m² +1.6%+41.7% 87
85Chuo Ward
Kumamoto City, Kumamoto
¥613K/m² ¥139K/m² +5.9%+21.7% 86
86Minami Ward
Fukuoka City, Fukuoka
¥600K/m² ¥232K/m² +6.6%+42.9% 92
87Higashinada Ward
Kobe City, Hyogo
¥600K/m² ¥375K/m² +5.0%+22.1% 92
88Kashiwa City
Chiba
¥596K/m² ¥142K/m² +5.0%+26.5% 90
89Nishinomiya City
Hyogo
¥592K/m² ¥293K/m² +4.3%+16.0% 91
90Tsurumi Ward
Yokohama City, Kanagawa
¥586K/m² ¥308K/m² +5.1%+18.9% 92
91Chuo Ward
Chiba City, Chiba
¥583K/m² ¥166K/m² +7.6%+29.8% 92
92Nishitokyo City
Tokyo
¥581K/m² ¥324K/m² +4.2%+14.9% 90
93Komae City
Tokyo
¥570K/m² ¥388K/m² +5.9%+23.1% 91
94Atsuta Ward
Nagoya City, Aichi
¥568K/m² ¥278K/m² +6.7%+36.1% 89
95Toyonaka City
Osaka
¥567K/m² ¥246K/m² +4.5%+15.6% 90
96Nada Ward
Kobe City, Hyogo
¥564K/m² ¥353K/m² +4.9%+22.0% 91
97Matsudo City
Chiba
¥556K/m² ¥174K/m² +8.8%+27.3% 90
98Totsuka Ward
Yokohama City, Kanagawa
¥553K/m² ¥220K/m² +3.3%+13.0% 87
99Narashino City
Chiba
¥548K/m² ¥207K/m² +5.4%+23.7% 89
100Miyamae Ward
Kawasaki City, Kanagawa
¥543K/m² ¥296K/m² +4.8%+15.5% 91

1693 areas · calculated Nov 4, 2026. Wards of designated cities are counted separately; areas with few survey sites are excluded.

Based on Japan's official land price surveys and MLIT transaction data, aggregated by Fudosan Zukan. Forecasts and the index are Fudosan Zukan indicators. Prices in Japanese yen.