Shibuya

Ward overview

Ward overview: An inner-west ward including 渋谷, 原宿, 恵比寿 and 広尾, 松涛, 代々木上原. For both owner-occupier demand and investment, evaluate separately by distance to station, dwelling type, building age, and management condition.

Geography and transport

Geography and transport: Within a ward there are topographical differences such as plateaus, lowlands and waterfront areas. Beyond commuting convenience, verify on site slopes, arterial roads, bridges and movement/evacuation routes in case of disasters.

Key stations and lines

Major stations / lines: Shibuya・Ebisu・Harajuku・Yoyogi・Omotesando・Yoyogi-Uehara / JR, subway, Tokyu, Keio, Odakyu. Within the same ward, rent and liquidity differ depending on express stops, originating (first) trains, number of transfers, and distance to ticket gates.

Commercial and residential areas

Commercial / residential area: Shibuya and Harajuku are commercial; Ebisu and Daikanyama are mixed-use; Hiroo and Shoto are high-end residential. Proximity to commercial areas increases convenience, but check for noise, pedestrian flows and mixed uses; for residential areas check sunlight exposure, road width and shopping access routes.

Investment-property considerations

Investment-property considerations: Calculate net cash flow using not only the current rent but comparable transactions in the same building and size band, vacancy periods, management fees, repair reserve fund, taxes, insurance, leasing/marketing costs and restore-to-original costs. At exit, evaluate the pool of potential buyers, financing suitability, seismic performance and the condominium association’s finances.

Residential-property considerations

Residential property considerations: Check commuting and school access, daily shopping, medical services, schools and childcare, parks, noise, sunlight, crime prevention, and continuity of living in a disaster. Do not rely solely on advertised walking minutes; walk the actual route and assess it yourself.

Rental demand and supply

Rental demand and supply trends: Identify major demand segments by station — singles, DINKS, families, students, corporate (business) tenants, and foreign tenants. If there is a large supply of new or recently built units, or competing listings within the same condominium/apartment building, set rents and the listing/lease-up period conservatively.

Management considerations

Management notes: Confirm the management rules, whether renting, minpaku (short-term stays), office use, and pets are permitted; the long-term repair plan; reserve fund balance; arrears; plumbing; fire-safety equipment; keys; waste handling; and availability of foreign-language support. For towers, backup power, water supply, and procedures for elevator outages are also important.

Living, education and healthcare

Living, education and medical environment: Check not only the presence of commercial facilities, supermarkets, schools, childcare, hospitals and parks, but also walking routes, opening hours and acceptance/eligibility conditions. Administrative systems are updated annually, so reconfirm with the ward’s official information.

Hazard and official information

Hazard and administrative information. Key items to check are flooding and internal flooding in the Shibuya River basin, underground spaces, cliffs, and difficulty returning home. For each hazard type (flooding, internal flooding, storm surge, liquefaction, landslide/soil disaster), cross-check official maps at the district block and building-unit level.

Transaction price, rent and indicative yield

FY2025 · April 2025–March 2026

Resale condominium transaction price

220.47 JPY 10,000/m²

Condominium transaction rent (approx.)

5,120 JPY/m²/month

Indicative gross yield (approx.)

2.79%

Sale transactions

927

Rental transactions

3,306

Average sale area

55.55 m²

Average rental area

34.40 m²

Average sale age

26.63 years

Yield is an approximate comparison metric: each ward’s rent per m² × 12 ÷ sale price per m². It is neither matched-property performance nor the average of individual property yields.

Vacancy, management, repairs, taxes, insurance, debt service and transaction costs are excluded. Age, size and station-distance mixes differ: a higher figure alone is not an investment recommendation.