Table 1. Descriptive statistics Variable...

Table 1.

Descriptive statistics

Variable	Unit	Mean	SD	Min	Max
Monthly rent per floor area	10³ yen	95.99	53.36	20.2	1,250
Floor area	m²	30.97	17.71	10	309.68
Building age	year	26.52	11.45	1	68
Number of stories	Story	2.45	1.78	1	25
Total number of apartment units	Housing unit	19.59	24.86	3	277
Floor plan_1R	(Binary)	0.21	0.41	0	1
Floor plan_1K	(Binary)	0.41	0.49	0	1
Floor plan_1DK, 1LDK	(Binary)	0.15	0.36	0	1
Floor plan_2K	(Binary)	0.02	0.15	0	1
Floor plan_2DK, 2LDK, 3 K	(Binary)	0.15	0.36	0	1
Floor plan_3DK, 3LDK	(Binary)	0.05	0.22	0	1
Floor plan_4DK and more	(Binary)	0.01	0.08	0	1
Distance to the nearest station	m	465.47	300.95	15.168	1,517.63
Distance to the Tokyo CBD	m	6,171.08	2,199.62	1,896.24	1,0855.5
Obs.	3,627

Variable	Unit	Mean	SD	Min	Max
Monthly rent per floor area	10³ yen	95.99	53.36	20.2	1,250
Floor area	m²	30.97	17.71	10	309.68
Building age	year	26.52	11.45	1	68
Number of stories	Story	2.45	1.78	1	25
Total number of apartment units	Housing unit	19.59	24.86	3	277
Floor plan_1R	(Binary)	0.21	0.41	0	1
Floor plan_1K	(Binary)	0.41	0.49	0	1
Floor plan_1DK, 1LDK	(Binary)	0.15	0.36	0	1
Floor plan_2K	(Binary)	0.02	0.15	0	1
Floor plan_2DK, 2LDK, 3 K	(Binary)	0.15	0.36	0	1
Floor plan_3DK, 3LDK	(Binary)	0.05	0.22	0	1
Floor plan_4DK and more	(Binary)	0.01	0.08	0	1
Distance to the nearest station	m	465.47	300.95	15.168	1,517.63
Distance to the Tokyo CBD	m	6,171.08	2,199.62	1,896.24	1,0855.5
Obs.	3,627