Model site survey: Oshiage (押上), around Tokyo Skytree

Three spots in Oshiage 1-chome (押上一丁目), a 1–5 minute walk from Oshiage Station, were surveyed. The station front is a large-scale redevelopment area anchored by Tokyo Skytree and the Tokyo Solamachi shopping complex, with wide tree-lined sidewalks; even on a weekday morning, tourists pulling suitcases mix with commuters. Oshiage Station is served by four lines (Tokyo Metro Hanzomon, Toei Asakusa, Keisei Oshiage and Tobu Skytree Line), with direct trains not only to central Tokyo but also to both Haneda and Narita airports. One block in, the back streets mix older wooden shop-houses and izakaya with new mid-rise condominiums and small guesthouses, showing a neighbourhood in active renewal. To the south, the bank of the Kitajukken River (北十間川) has been turned into a waterfront promenade where you can stroll under the Skytree. MLIT transaction data show the median land price per ㎡ in the Oshiage district rising from about ¥890,000 in 2021 to about ¥1.2 million in 2025, and the median price of pre-owned condominiums across Sumida-ku rising from about ¥33 million to about ¥40 million (only a handful of land deals happen in Oshiage each year, so treat that figure as a range). Backed by tourism and inbound demand, the area has strong potential for rental, retail and lodging use. On the other hand, the station area is a commercial zone and a designated fire-prevention district with building restrictions, and it lies on low ground between the Arakawa and Sumida rivers, so check the expected flood depth and duration on the Sumida-ku (墨田区) flood hazard map before buying or investing.