Key Facts
• Hiroshima land prices rose for residential areas (2 years) and commercial areas (4 years).
• Survey conducted on July 1, covering 421 locations in the prefecture.
• Residential land average fluctuation rate: +0.4%, marking a 2-year consecutive increase.
• Hiroshima City’s Hakushima Nakamachi recorded the highest residential price: ¥546,000/m² (+8.1%).
• Commercial land average fluctuation rate: +1.8%, marking a 4-year consecutive increase.
• Highest commercial price: ¥3,460,000/m² at Kinjodo Building, Hondori (40 years).
• Top commercial growth: WAKO Hiroshima Station Front Building, Minami Ward (+18.9%, 4 years).
• Expert cited new infrastructure (Ohashi Line) as a factor boosting demand and flow.
• Economic trends suggest continued growth in commercial land prices.
Summary
Land prices in Hiroshima Prefecture continue to rise, with residential areas increasing for two consecutive years and commercial areas for four. A survey conducted on July 1 across 421 locations revealed a 0.4% average increase in residential land prices, with Hakushima Nakamachi leading at ¥546,000/m² (+8.1%). Commercial land prices rose by 1.8% on average, with the Kinjodo Building in Hondori maintaining the highest price at ¥3,460,000/m² for 40 years. The WAKO Hiroshima Station Front Building in Minami Ward saw the highest growth at 18.9%. Experts attribute this trend to improved infrastructure, such as the Ohashi Line, which enhances connectivity and boosts demand. Current economic conditions suggest further increases, particularly in commercial areas.
