- 14 Mar 2002
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Japan's sharehouse market is steadily growing as urban rental prices continue to climb. The concept of multiple tenants sharing a single property is gaining traction not only among Japanese residents but also among foreign visitors, many of whom now opt for shared houses over traditional hotels due to the sharp rise in room rates. Modernised versions of shared houses constitute a compelling option for budget-conscious tenants, aiming to change the outdated image of being cramped or unclean, and offer more affordable rents than standard apartments or rental homes.
Data from real estate firm At Home Co. indicates that as of March, the average rent for a one-person unit measuring 30 square metres or less in Tokyo's 23 wards had reached 99,083 yen, marking a new record for the tenth consecutive month. Other major cities, such as Kanagawa, Chiba, Saitama, Kyoto , Osaka, Kobe, and Fukuoka, where rents have increased by at least 3% year-over-year, show similar trends.
"Rental demand fell during the COVID-19 pandemic but has since bounced back significantly," noted a representative from At Home. "On top of that, rising construction and labour costs are fuelling further increases, so we expect the trend of rising rents to continue." In response to this sustained hike in rental prices, shared house developments are experiencing a notable increase in interest. According to a survey by the Japan Shared House Organisation, there were 6,123 sharehouses across the country in 2024, representing a 5.4% increase from the previous year. This marks the third consecutive year of growth, with the number now exceeding twice what it was a decade ago.
Data from real estate firm At Home Co. indicates that as of March, the average rent for a one-person unit measuring 30 square metres or less in Tokyo's 23 wards had reached 99,083 yen, marking a new record for the tenth consecutive month. Other major cities, such as Kanagawa, Chiba, Saitama, Kyoto , Osaka, Kobe, and Fukuoka, where rents have increased by at least 3% year-over-year, show similar trends.
"Rental demand fell during the COVID-19 pandemic but has since bounced back significantly," noted a representative from At Home. "On top of that, rising construction and labour costs are fuelling further increases, so we expect the trend of rising rents to continue." In response to this sustained hike in rental prices, shared house developments are experiencing a notable increase in interest. According to a survey by the Japan Shared House Organisation, there were 6,123 sharehouses across the country in 2024, representing a 5.4% increase from the previous year. This marks the third consecutive year of growth, with the number now exceeding twice what it was a decade ago.
