Japan Land Prices Rise for Fifth Straight Year

Sep 15, 2026 | News On Japan

TOKYO - Japan's benchmark land prices rose for a fifth consecutive year on average, with commercial land posting stronger gains as demand for hotels and other properties remained firm in major cities, according to figures released by the Ministry of Land, Infrastructure, Transport and Tourism.

The nationwide average price across all land-use categories rose 1.5%, while residential land increased 1.0% and commercial land climbed 2.9%, with the pace of growth in commercial areas accelerating.

The Meidi-Ya Ginza Building in Tokyo's Ginza district remained the country's most expensive commercial site for the 21st consecutive year, valued at 52.5 million yen per square meter.

In the Tokyo metropolitan area, The House Asakusa in Taito Ward recorded the largest increase, with its benchmark land price rising 26.9%.

The pace of land price increases expanded in the Tokyo and Osaka metropolitan areas.

By contrast, the rate of increase slowed in the Nagoya metropolitan area, as well as in Sapporo and Fukuoka.

Source: テレ東BIZ

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Japan Land Prices Rise for Fifth Straight Year

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