With its capital city Nagoya, Aichi Prefecture is home to one of Japan’s three major metropolitan areas, the others being Tokyo and Osaka. However, the average commercial land prices in Nagoya and office rentals in Aichi are lower in comparison with downtown Tokyo. These facts make the Aichi-Nagoya region even more suitable and attractive as a location for business start-ups.
Comparison of regional data
Average commercial land price
(Unit: yen / m2)
| |
Average price |
Indicator |
| Tokyo |
1,391,700 |
550 |
| Aichi |
253,200 |
100 |
| Osaka |
428,900 |
169 |
Source: The land price survey by prefectures in FY2011 (MLIT) (Announced on July 1, 2011) |
 |
Average office rental fee
(Unit: yen / 3.3m2)
| |
Average price |
Indicator |
Tokyo
(23 Wards) |
13,050 |
132 |
| Nagoya City |
9,870 |
100 |
| Osaka City |
8,730 |
88 |
Source:
MarketView Japan Office
(CBRE) (Q4 2011) |
 |
|
