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