Rent rises 11% on Tokyo Stock Exchange Building

The rent for the Tokyo Stock Exchange Building in Nihonbashi is increasing for the first time in 25 years. Starting in April, the building’s annual rent has increased by 11.1% to 3 billion Yen (approx. 28 million USD).

The TSE Building was built in 1988 and is owned by Heiwa Real Estate. It has a total floor area of 49,000 sqm.

Upon the announcement of the rent hike on June 20, Heiwa’s stock price climbed 3.9% in one day to a 13-month high. Heiwa was founded in 1947 upon the dissolution of the Japanese Stock Exchange. In 1949, the real estate company became the landlord of the re-opened Tokyo Stock Exchange, Osaka Securities Exchange and Nagoya Stock Exchange buildings. 

Sources:
Heiwa Real Estate News Release, June 20, 2019.
The Nikkei Shimbun, June 20, 2019.