Tokyo's 23 special wards 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)
| Rank | Area | Tokyo 23 wards: commercial | Avg. residential | 1 year | 5 years | Index |
|---|---|---|---|---|---|---|
| 1 | Chuo Ward Tokyo |
¥10.3M/m² | ¥1.91M/m² | +13.0% | +42.0% | 99 |
| 2 | Shibuya Ward Tokyo |
¥8.88M/m² | ¥1.84M/m² | +12.3% | +44.4% | 99 |
| 3 | Minato Ward Tokyo |
¥7.30M/m² | ¥3.03M/m² | +14.6% | +44.7% | 99 |
| 4 | Chiyoda Ward Tokyo |
¥7.22M/m² | ¥3.88M/m² | +12.2% | +42.3% | 97 |
| 5 | Shinjuku Ward Tokyo |
¥6.35M/m² | ¥1.13M/m² | +13.2% | +45.9% | 99 |
| 6 | Toshima Ward Tokyo |
¥3.38M/m² | ¥935K/m² | +13.9% | +48.3% | 99 |
| 7 | Meguro Ward Tokyo |
¥2.63M/m² | ¥1.37M/m² | +13.5% | +46.1% | 98 |
| 8 | Taito Ward Tokyo |
¥2.59M/m² | ¥1.20M/m² | +18.5% | +60.5% | 99 |
| 9 | Bunkyo Ward Tokyo |
¥2.38M/m² | ¥1.44M/m² | +15.7% | +52.5% | 99 |
| 10 | Shinagawa Ward Tokyo |
¥2.26M/m² | ¥1.24M/m² | +13.8% | +46.5% | 99 |
| 11 | Nakano Ward Tokyo |
¥2.17M/m² | ¥785K/m² | +12.7% | +46.5% | 98 |
| 12 | Suginami Ward Tokyo |
¥1.57M/m² | ¥726K/m² | +10.8% | +39.3% | 98 |
| 13 | Kita Ward Tokyo |
¥1.56M/m² | ¥736K/m² | +13.0% | +45.4% | 98 |
| 14 | Setagaya Ward Tokyo |
¥1.37M/m² | ¥777K/m² | +7.2% | +24.6% | 97 |
| 15 | Arakawa Ward Tokyo |
¥1.33M/m² | ¥745K/m² | +13.9% | +47.4% | 98 |
| 16 | Koto Ward Tokyo |
¥1.32M/m² | ¥694K/m² | +13.2% | +43.7% | 99 |
| 17 | Ota Ward Tokyo |
¥1.17M/m² | ¥635K/m² | +8.5% | +31.1% | 97 |
| 18 | Sumida Ward Tokyo |
¥1.12M/m² | ¥621K/m² | +13.9% | +45.5% | 98 |
| 19 | Itabashi Ward Tokyo |
¥1.03M/m² | ¥560K/m² | +9.9% | +33.1% | 97 |
| 20 | Nerima Ward Tokyo |
¥987K/m² | ¥476K/m² | +6.6% | +23.1% | 95 |
| 21 | Edogawa Ward Tokyo |
¥880K/m² | ¥439K/m² | +6.4% | +24.6% | 95 |
| 22 | Adachi Ward Tokyo |
¥815K/m² | ¥413K/m² | +6.6% | +26.2% | 95 |
| 23 | Katsushika Ward Tokyo |
¥769K/m² | ¥387K/m² | +7.2% | +25.9% | 95 |
23 areas · calculated Nov 3, 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.