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.
Average commercial land price
(Unit: yen / m2)
| |
Average price in 2005 |
Average price in 2006 |
| Tokyo |
1,164,200 |
1,311,400 |
| Aichi |
230,500 |
283,100 |
| Osaka |
390,200 |
436,600 |
Source:
Land price survey by prefecture
(Land, Infrastructure and Transportation Ministry 2005, 2006) |
|
Average office rental fee
(Unit: yen / 3.3m2)
| |
Average price in 2006 |
| Tokyo (23 Wards) |
12,680 |
| Nagoya City |
9,530 |
| Osaka City |
8,830 |
Source:
Ikoma CB Rechard Ellis Corporate Service Co., Ltd. [Office Market Report 2006 Autumn]
(Date: September, 2006) |
 |
|
