Reasonable Land Prices and Office Rents

Comparison of Land Prices of Industrial Parks in Chibaand Neighbor Prefectures

Comparison of Land Prices of Industrial Parks in Chiba and Neighbor PrefectureChiba's firm ground enables companies to diversify risk

Comparative Average Land Prices of Industrial Zone (2008)

  Average price(yen/m²) (%)change
Tokyo Area 92,800 4.3
Osaka Area 89,700 0.0
Nagoya Area 54,500 1.9
Chiba Prefecture 31,100 11.4

(source: Land price survey by prefectural governments; Ministry of Land, Infrastructure, Transport and Tourism)

Comparative Office Rents

    Average Deposits(yen/m²) Average Rent(yen/m²)
Chiba
Chiba 23,818 2,633
Funabashi 31,727 3,203
Kashiwa 39,636 3,318
Tokyo
Chiyoda(Marunouchi) 111,272 8,848
Minato-ku(Aoyama) 67,303 6,785
Kanagawa
Yokohama 39,030 3,903
Minatomirai 58,182 4,848
Saitama
Omiya 40,909 4,148

(as of December 2008, CB Richard Ellis “Office Market Report 2009 Winter Vol.48”)