PropertyUrban redevelopment in city center boosts demand with focus on convenienceDemand for condominiums in central Osaka is rising as new developments are built and residents look to move closer to the city center. (Photo by Kosaku Mimura)MISAKI MORIKAWA and KEITA SHIMODAJune 2, 2026 07:08 JSTTOKYO/OSAKA -- Osaka's condominium rents climbed by just over 3% in the half year to April to outpace New York, growing at the fastest rate among major cities in the world.Read NextPropertyJapanese-style tiny apartments coming to Australia's co-living marketBusiness dealsMitsubishi Estate buys Singapore provider of furnished housingPropertyJapan railway operator Nishitetsu to develop over 20,000 homes in VietnamTravel & LeisureTokyo apartments register as 'hotels' to avoid vacation-rental clampdownPropertyTokyo office rents hit 31-year high as companies move upmarket for talentTea LeavesA sought-after Tokyo neighborhood reveals Japan's structural strainsPropertyCentral Tokyo existing-condo prices dip for 1st time in 3 yearsPropertyUS startup offers furnished apartments in Tokyo for digital nomadsLatest on PropertyPropertyBlackstone and ESR home in on Japan warehousesPropertyChina's empty, unfinished skyscrapers find new lease on lifePropertyJapanese-style tiny apartments coming to Australia's co-living market
Osaka condo rents top New York as world's fastest-rising, up 3% in 6 months
Urban redevelopment in city center boosts demand with focus on convenience
TL;DRAI
Osaka condo rents rose 3% in six months through April, fastest globally, overtaking New York's pace. Rising property costs signal talent competition intensifying for tech teams, pressuring salaries and driving expansion strategies beyond Tokyo's saturated market.
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